Transfers through blockchain technology

1 answers
1 votes
Transfers through blockchain technology
asked
Hey. I am in a middle of a transfer through blockchain technology. I am trading in a platform TopTradePro and when I ask for a withdrawal a guy from blockchain in Switzerland called me asking for 40% of the total amount which must be transfer to me as a reassurance package. He also said that, this 40% is about the conversion and the transfer and that I will receive that 40% back as well. All I want to ask is, if anyone of you ever heard of such reassurance payment. Is this kind of transactions legal? I find it a bit difficult to believe it because this guy is asking for a 7000 euro as reassurance package. You help would be much appreciated!

Best answer

2
answered
here. Now the address would be all you would need to recieve funds through. If some website gives you the option to withdraw your bitcoins in wallet, you only need to provide this address. Once the amount is transferred then you can exchange or convert to fiat through exchanges or P2P platforms available based on which country you're from. You can even verify the transactions (such as the one that was done to send funds to you) through block explorers applications).

Answers

newest most voted

So I looked into the company, it definitely isn’t the best place to trade. Check out its review over here. You might be receiving spam calls (no third-party should be asking you to send them money like that). Your withdrawals technically should be made directly back to your bank account which you have tied to it in the first place to retrieve funds from, subjected to certain amount of fees. You should consider safer and more transparent trading platforms for cryptos usually those with support for btc or similar wallets for you to safely retrieve your funds through.

@Chrysostomos Yiakoumi

Very likely. If you have to make a transfer, no one should be calling you for confirmation or anything. All you need is a wallet address that you can get from any wallet app. If you are trading btc, you can look here. Now the address would be all you would need to recieve funds through. If some website gives you the option to withdraw your bitcoins in wallet, you only need to provide this address. Once the amount is transferred then you can exchange or convert to fiat through exchanges or P2P platforms available based on which country you’re from.

You can even verify the transactions (such as the one that was done to send funds to you) through block explorers applications).

@Saarah

Thank you for your reply. In other words, people who works in the blockchain technology system would never call for a confirmation or asking for such reassurance package? They said that they would convert the BTC and make the transfer to me. There is no chance that they may have agreements like this with any trading companies? The people asking for that 40% are from the blockchain system in Switzerland not from my trading company. They are not trustworthy as well?

@Chrysostomos Yiakoumi

Yes they definitely don’t sound trust worthy. Please have a look at platforms like paxful or localbitcoins (if your country supports it) and try converting your BTC to cash over there. Or use a more renowned exchange such as coinbase, kraken, etc. to send your wallet amount to and then withdraw to your bank.

Trading companies DONOT have such agreements. If they do, they will mention entire procedure ON their website. If you have doubts, please reach out the tradepro’s contact officials and confirm your suspicoin.

Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
Just curious?
A community of blockchain experts to help

Get started today and earn 4 bonus blocks

Already have an account? Sign In