What is Liberty Reserve?

[Bine]

Hello everybody!
I have been using this ecurrency “Liberty Reserve” since long time ago, my experience has been rewarding for that reason I would like to introduce you today. I found this great article, easy to read!! The most interesting, that is absolutely FREE to open an account, moreover if you can manage your account, buying LR or selling LR. I hope you enjoy it!!


Liberty Reserve:

Since May of 2006 Liberty Reserve was acquired, founded in 2002, has provided its own digital currency payment system for customers, exchangers and merchants. Liberty Reserve's goal is to develop an easy and affordable payment option with lower fees avoiding all the bank limitations that it might take time.

Buying or Selling LR
Liberty Reserve, as a Costa Rican Corporation, allows its customers to transfer payments or receive payments worldwide. As Liberty Reserve does not have a direct contact with its customers, customers must buy or sell by contacting an accredited exchanger listing in the Liberty Reserve website. There are a variety of payment methods such as bank wires, credit cards, check or digital currency that most of the exchangers accept for funding customer accounts. One customer advantage is to sell or buy instantly and privately without giving any financial information. According to its website, the exchangers and the merchants work independiently.

Regulation
Liberty Reserve is backed up with USD dollars and EURO in Costa Rican government owned bank ruled by local law.


Security
By reading the term of policies, customers are warned that all payments are irrevocable, unlike bank payments. Liberty Reserve guarantee security to its customer by using the following features: a personal password, a login pin, a stop account feature and a welcome message every time an account is opened.
Additionally, Liberty Reserve keeps warning its customers no to open any fake website or provide any personal information, due to the fraudulents sites and con artists. Moreover, customers are free to ask all their doubts in its chat live in case they find a strange email from an unknown source, asking for investing money or important details about customer's account. Taking into account that there are a lot of Auto-surf, High Yield Investment Programs (HYIP) called Ponzi schemes which can steal customer money easily, all these transactions are made under customer's responsability.

The official site:
According to Goldexpay.com, “the only official source of information is Liberty Reserve blog” where users can access easily after going to the main website libertyreserve.com. While reading, users can know about the Liberty Reserve's plans which “are involved in many activities to promote culture, environment, safety, security”as Goldexpay.com reported.

[Nira]

LR is probably the best. It is run by knowledgable people, it has smart policy, no doubtful chargebacks. No surprise it's the currency number 1.
There are some other good currencies around, like EuroGoldCash, it's comparatively new, but promissing. Pecunix is good too.

[Akposking]

I love libertyreserve since is not limited to many countries unlike Paypal which is limited to some country.Libertyreserve is simply the best.

[LamisonWhite]

And??? Do you have proof about that? I think Paypal has more customers according to last statistics...

Maybe, and probably because it is widely used in the US. However, if you live in one of the countries where PayPal cannot be used, you have no choice but use other system. Liberty Reserve is great as a PayPal alternative.

[AMiRU]

Well, for shopping PayPal is definitely more popular and widely accepted around the globe while LibertyReserve is more popular for Investment in Forex, HYIP, PTC and related stuff.
As webmasters, I hardly be able to pay for good hosting account or reliable domain names registrar using LibertyReserve.

[Andreas22]

Liberty Reserve is accepted by a lot of hyips and investment programs and you can also use the money on your account for shopping because a lot websites accept it.

[sidney4369]

Liberty Reserve now is very popular

[AMiRU]

Liberty Reserve is accepted by a lot of hyips and investment programs and you can also use the money on your account for shopping because a lot websites accept it.

Really? I hardly find an e-mall that accepts LibertyReserve.. I guess for e-shopping, PayPal owns the market while LibertyReserve owns HYIP, Forex, etc..

[sportfultanvi]

LR IS TRULY VERY POPULAR DUE TO HYIPS . A GOOD EXPLAINATION GIVEN BY U .

[rexx]

Really? I hardly find an e-mall that accepts LibertyReserve.. I guess for e-shopping, PayPal owns the market while LibertyReserve owns HYIP, Forex, etc..

I agree witth AMiru for this fact.
Liberty Reserve is much secure than paypal and also it proctects against chargebacks but the main disadvantage is that we have to buy LR from third party merchants and that sucks!!!