does anyone have any experiences with sifr.com

[Stew2k]

They claim to be associated with Wise and provide a virtual VISA card and a US bank account details just like wise once you pay a 10$ fee, is this legit? planning to use their card to withdraw money from my PayPal account and withdraw the money to other bank account and not keep it there. any advice would be appreciated

 

[CoinMaster]

The website looks amateur and for sure nothing I would touch unless I see clear proof they are associates of Wise.

It looks like a SCAM if you ask me.

 

[Stew2k]

The website looks amateur and for sure nothing I would touch unless I see clear proof they are associates of Wise.

It looks like a SCAM if you ask me.

they're actually not affiliated with Wise they just use the same US bank, I just made a 10$ deposit will see if I get the virtual VISA card and try if it works

 

[diatessaron]

A post was made about this website in another forum today accusing them of being scammers because a miniscule deposit vanished into thin air. Their BTC/USD order book looks sketchy, they're definitely wash trading. That logo also looks a lot like that of SpecroCoin

 

[Stew2k]

A post was made about this website in another forum today accusing them of being scammers because a miniscule deposit vanished into thin air. Their BTC/USD order book looks sketchy, they're definitely wash trading. That logo also looks a lot like that of SpecroCoin

I used my passport for KYC (I'm from Algeria) and now I'm really worried, is there anything they can do with a picture and selfie of me holding my passport. Any advice?

 

[diatessaron]

I used my passport for KYC (I'm from Algeria) and now I'm really worried, is there anything they can do with a picture and selfie of me holding my passport. Any advice?

Probably nothing, usually when you're asked for a pic of yourself holding the passport you're also asked to hold a piece of paper with the date written on it. That would only be available for the date which is written on the paper.

Even if they tried to open an account with those they wouldn't be able to.

 

[lostguy]

they're actually not affiliated with Wise they just use the same US bank, I just made a 10$ deposit will see if I get the virtual VISA card and try if it works

just because they are using the same bank does not make them legit!

 

[Stew2k]

just because they are using the same bank does not make them legit!

yeah exactly what I meant they're really sketchy I'm really stupid for using my passport for KYC

 

[Sols]

Checking Archive.org, the website used to be owned by an Estonian company called IZEM OÜ in January 2022 and earlier, but they have removed that mention from the website now. There was also a link to a Reddit page (r/sifr) which is now banned.

There is probably more to be unraveled from a more detailed search.

The absence of any company details about Sifr.com itself is reason enough for me to just close the website and move on with my day.

 

[Stew2k]

Checking Archive.org, the website used to be owned by an Estonian company called IZEM OÜ in January 2022 and earlier, but they have removed that mention from the website now. There was also a link to a Reddit page (r/sifr) which is now banned.

There is probably more to be unraveled from a more detailed search.

The absence of any company details about Sifr.com itself is reason enough for me to just close the website and move on with my day.

can I get into any trouble for using my passport for KYC (I'm from Algeria), any advice is appreciated

 

[Sols]

can I get into any trouble for using my passport for KYC (I'm from Algeria), any advice is appreciated

It might be used for identity theft. However — and I don't mean this in a rude way — Algerian passports are not very valuable for such purposes.

The people involved seem to be Algerian. The director of IZEM OÜ is an Algerian person. e-Äriregister – IZEM OÜ

It looks like they had a Swiss company as well at some point, which is now dissolved. Messy. Hope nothing bad happens.

 

[menzu]

They claim to be associated with Wise and provide a virtual VISA card and a US bank account details just like wise once you pay a 10$ fee, is this legit? planning to use their card to withdraw money from my PayPal account and withdraw the money to other bank account and not keep it there. any advice would be appreciated

Hello, please feel free to reach out via email, ticket, or via contact details on my signature here.

1- We do provide USD checking account, similar to Wise but have features like domestic wires, virtual visa cards and direct access to bitcoin/crypto trading.
2- You can link your Sifr visa card and Sifr bank account to PayPal (or any platform for the matter) and withdraw balance to it, a balance you can spend, trade, send to friends or hold.

Hope this help, and again, please reach out if you have questions or need help with anything.

The website looks amateur and for sure nothing I would touch unless I see clear proof they are associates of Wise.

It looks like a SCAM if you ask me.

We are not associated with Wise, it's the last company we want to partner with (after PayPal, PP is the worst).
It just happen that we have the same sponsoring bank therefor we share the same routing number.

A post was made about this website in another forum today accusing them of being scammers because a miniscule deposit vanished into thin air. Their BTC/USD order book looks sketchy, they're definitely wash trading. That logo also looks a lot like that of SpecroCoin

I would disagree, we are a US company and we can't just vanish with customers deposit.
We are a technology company, not a bank, we do not have the capabilities to use (and miss-use) customers assets.

I used my passport for KYC (I'm from Algeria) and now I'm really worried, is there anything they can do with a picture and selfie of me holding my passport. Any advice?

KYC is a regulatory constraint we have to impose to customers, no company want to do it, risk customers data-breach and invest manpower & money in it but that's the cost of running a financial service business.

Pictures of your passport and your private information are not shared with any third party (unless you opt-in for banking, we forward to sponsoring bank), we use an "s3 cold storage" to store encrypted version of the photos.

just because they are using the same bank does not make them legit!

Obviously true, I would like to point out that a bank will not risk offering its services to a startup company without due diligence.

 

[aage]

How comes that you can take customers from countries others don't touch? How can you offer people to deal with USD if they are from high risk countries?

 

[menzu]

How comes that you can take customers from countries others don't touch? How can you offer people to deal with USD if they are from high risk countries?

A lot to unpack here,

Why would we take customers traditional banks don't want to take ? because we are a Bitcoin company and we believe in the values and properties of bitcoin.

How can we offer to deal with USD for high risk countries ? What's a high risk country ? just because someone is born in Egypt (that's a random example) doesn't mean he should't have access to world reserve currency and compete against first world people purely because of his place of birth !

If that same person immigrate to Europe or USA he magically becomes low risk ?

Here is a list of countries we support for USD banking : Sifr Exchange | Commission-Free Bitcoin Trading - we plan on expanding it.

 

[CoinMaster]

We are not associated with Wise, it's the last company we want to partner with (after PayPal, PP is the worst).
It just happen that we have the same sponsoring bank therefor we share the same routing number.

okay, sounds valid.