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[...]I contacted Godex and here's what I found out. ;)
Only information about successful orders is kept for two weeks. However, if the order has any issues, such as a high-risk deposit needing to be refunded, we confirm the refund address with the user through email correspondence (not the chat!) and send the refund with the transaction fee deducted.
This sounds great but wouldn't it be better to ask for the refund address before depositing as there are cases like depositing from a mixer, third party service, crypto exchange and here it will be difficult to prove ownership of the bitcoin being sent.[...]I contacted Godex and here's what I found out. ;)Quote from: GodexOnly information about successful orders is kept for two weeks. However, if the order has any issues, such as a high-risk deposit needing to be refunded, we confirm the refund address with the user through email correspondence (not the chat!) and send the refund with the transaction fee deducted.
I contacted Godex and here's what I found out. ;)So to make it official, Godex performs an AML check of the funds and if it doesn't satisfy, they return it to the user, without KYC requirements or without any additional holds?Quote from: GodexOnly information about successful orders is kept for two weeks. However, if the order has any issues, such as a high-risk deposit needing to be refunded, we confirm the refund address with the user through email correspondence (not the chat!) and send the refund with the transaction fee deducted.
[...]I contacted Godex and here's what I found out. ;)Quote from: GodexOnly information about successful orders is kept for two weeks. However, if the order has any issues, such as a high-risk deposit needing to be refunded, we confirm the refund address with the user through email correspondence (not the chat!) and send the refund with the transaction fee deducted.
So is it also true that a deposit or withdrawal transaction can also be made by those who do not create an account or register on the platform itself?Yeah, you can check their website, all you have to do is select the coins you want to exchange, i.e. BTC to xmr, then you input your xmr receiving address and deposit into the BTC deposit address that the exchanger would generate for you. This is common in many exchangers that i know of, so i don't know why you need reassuring on this, it is an exchanger, not an exchange.
- Did I read this correctly? If this is the response that Godex says, it is good to use, in my opinion. And also, according to what I read in other information, its referral percentage is high at 0.005 btc. Is this true?If you would just open the affiliate program link https://godex.io/affiliate-program, you would see what percentage they approve to partners. It is up to 0.6% per transaction. 0.005 is just a signup bonus.
Get a 0.005 BTC signup bonus and get up to 0.6% on every transaction
- Did I read this correctly? If this is the response that Godex says, it is good to use, in my opinion. And also, according to what I read in other information, its referral percentage is high at 0.005 btc. Is this true?If you would just open the affiliate program link https://godex.io/affiliate-program, you would see what percentage they approve to partners. It is up to 0.6% per transaction. 0.005 is just a signup bonus.QuoteGet a 0.005 BTC signup bonus and get up to 0.6% on every transaction
Also, You must keep in mind that the first withdrawal requires a minimum affiliate amount of 0.015 BTC
So it's like that, but 0.015 btc is still quite a large amount, to be honest. However, it's not bad if it's a first-timer to sign up there because it's still a big help that can be considered. Then I just noticed that most of the cryptocurrencies available at Godex are old coins, and the new coins that are in the top listing of the market don't seem to be among them yet.0.015 through 0.6% sounds almost impossible. After the first payout, each subsequent withdrawal minimum is 0.001, which is much more realistic.
Did you, dude, sign up for Godex? I'm just asking. Is the 0.005 btc in the balance of your wallet in Godex, or are there still requirements that must be followed? I haven't tried to create an account yet.I registered, but I didn't get any bonus on my account. However, it seems that this part is still unfinished.
Can someone from Godex team please tell us what are their partner exchanges working with them?
I heard they are using binance exchange for some coins, but I am interested what is used for monero since this coin is not available on many big centralized exchanges.
Btw It's always good to have more options for trading monero.
To provide you with the best on-the-fly exchange experience, Godex system in real time tracks best rates on platforms like Bitfinex, HITBtc, Binance and many other partners. We’ve made the exchange process as simple and fast as can be.
According to their FAQ (https://godex.io/faq), they work with Bitfinex, HITBtc, Binance and others.Thank you, that was a good find.
I don't remember ever using this exchanges directly so I don't know their policy about freezing coins.
In case you are referring to freezing monero, as opposed to all other coins, then I'm not sure how they would even detect such a thing. Monero transactions cannot be traced, so it is practically impossible to taint it. It would have to be "account-based" i.e. freeze all the XMR because somebody is trading amounts that are too large or something like that.Few days ago I was reading in bitcointalk forum about one guy who used one centralized exchanges, and he was sending monero.
Your service sounds like a solid choice for those seeking privacy in crypto exchanges! However, we noticed that the minimum amount in XMR that can be exchanged on Godex.io is 1. Do you plan to decrease it to 0.5 at least?They have an average minimum withdrawal around $160 for most trading pairs, I don't know why? But even the less popular tokens have the same minimum, if it was reduced to $50 it would be perfect.
Only information about successful orders is kept for two weeks. However, if the order has any issues, such as a high-risk deposit needing to be refunded, we confirm the refund address with the user through email correspondence (not the chat!) and send the refund with the transaction fee deducted.Is there any case, publicly stated, where this scenario really happened, that Godex exchange refunds users money after an AML check?
This means that Godex is probably using exchanges like Bitfinex or HitBTC for exchanging monero since they are still supporting this coin and they have decent volume.The first two exchanges, Bitfinex and HitBTC, do not have a very good reputation on the market. I won't say anything about Binance since I haven't noticed many complaints recently. I don't think people will directly use these platforms. But since Godex uses those exchanges, if anything happens, that will happen with Godex, and they would handle it if I am not wrong.
Few days ago I was reading in bitcointalk forum about one guy who used one centralized exchanges, and he was sending monero.I saw the same thread on BitcoinTalk that you are talking about. According to that guy, he actually mined them a long time ago, back in 2017 or something like that. Now, the platform is asking for proof of the source of funds. I forgot the details and I was searching for that thread again while writing this post but couldn't find it. I don't remember the exchange name as well. But I guess the exchange had some bad intentions. I don't see any other reason why they would freeze someone's XMR without any complaints from the authorities or if they cannot detect where it came from.
After some time they didn't allow him to withdraw his coins and they asked for proof of origin for his monero coins.
This is the first time I heard something like that, but it's obviosuly happening because he posted screenshot proof.