Why don't you guys take 10 minutes out of your busy time and signup for an account with them to figure it out? They are FCA approved, they fixed the SSL cert. they may be legit and worth to give a shot if they have what you are looking for.
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What is your review of Quppy?
- Thread starter anotherone
- Start date
Sorry for the intrusiveness and offtopic .... I just wanted to know more about this platform before using it.
Update:
Avoid Quppy at any price. They sent a KYC request to my of my customers. The said customer sent the equivalent of $9500, they froze this amount and they asked him to provide information the company that transferred the money. He was asked to explain what was this sum was intended for. He had to provide papers to explain how this money would be used. In fact, my customer didn't know, The bitcoin was really high, he had several options. He wondered whether he should invest in bitcoin, lend his company money or invest in p2p.
So this KYC question was stupid.
Avoid Quppy at any price. They sent a KYC request to my of my customers. The said customer sent the equivalent of $9500, they froze this amount and they asked him to provide information the company that transferred the money. He was asked to explain what was this sum was intended for. He had to provide papers to explain how this money would be used. In fact, my customer didn't know, The bitcoin was really high, he had several options. He wondered whether he should invest in bitcoin, lend his company money or invest in p2p.
So this KYC question was stupid.
What does "FCA approved" mean in this case? Can you send over a link or reference in the FCA Register where this can be verified?
In reality, Quppy are just a reseller of another EMI called ClearJunction, which has already been in hot water for involvement in cryptocurrency and investment scams.
Update: the problem of my client with Quppy was solved in 24 hours thanks to a bank statement and describing the source of money. No additional details were asked. So, I change my previous statement about Quppy. Nevertheless, it can take 7 hours to convert currency in bitcoins. Transferring to and from in the SEPA system works pretty well because Quppy allows to send and receive money from individuals and companies. There is no limitations like on Advcash, paxum, epayservice
Clear Junction is a real EMI and it is not blacklisted.
Enabling your financial connections - Clear Junction
Yes you willl be able to receive money from your Amazon account but I think it will only work for EURO accounts.
If you have a USD and UK accounts on Amazon, you must use something like payoneer or transferwise.
I checked Quppy today for personal account with SEPA send/recieve transfer purposes. They blocked my first transaction from Wise, because I set my name as a receiver. They don't give you IBAN with your name so you can't receive money from company that requires to send money only on your personal account. You need to set their company name as a receiver. And it's forbidden to send SEPA to third-party accounts (LOL), so they can only send money to your account with your name. Definitely not for me.
Quppy gives the ability to turn your bitcoins into USD or EUROs and then withdraw them via a SEPA transfert. I have read in this thread that some people were asked to provide a proof for the source of money.
If someone invests in a crypto currency and keep it for several years before withdrawing the money. How is it possible to justify the source of income?
You would take a screen shot of your binance account and say: "I had x BTC in my account for 6 years?"
I guess that after several years your deposit history in binance is deleted. So, there would be no proof for the source of income. I wonder how quppy would react if you would just send a screenshot of your BTC wallet on Binance.
If someone invests in a crypto currency and keep it for several years before withdrawing the money. How is it possible to justify the source of income?
You would take a screen shot of your binance account and say: "I had x BTC in my account for 6 years?"
I guess that after several years your deposit history in binance is deleted. So, there would be no proof for the source of income. I wonder how quppy would react if you would just send a screenshot of your BTC wallet on Binance.
a very common problem more and more people are facing around the net. The demand for proof of source / funds is high at the moment. Governments all over the world are on the hunt and slaughter the average joe.
So, I lost all my bitcoins on Quppy this morning. Hopefully, this was less than was around 900 dollars. This morning, I launched the Quppy app. I tried to convert the BTC in euros multiple times. I tried to conver the BTC in USD multiple times. Everytime I tried the app crashed without warning. So, I uninstalled the app and reinstalled it. I logged in via my account that was created and verified via KYC/AML (consequently pure useless bs). My BTC wallet was gone. My bitcoins were gone.
No wallets were archived and could be restored. No mnemonic words were provided.
By the way, when you create a BTC wallet on Quppy, no mnemonic word list is given to you.
End of the story.
No wallets were archived and could be restored. No mnemonic words were provided.
By the way, when you create a BTC wallet on Quppy, no mnemonic word list is given to you.
End of the story.
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