Liberty Reserve is registered in Costa Rica giving it some advantages: the systems officially registered in US and Europe are more often audited by legal authorities. Liberty Reserve has been stable for more than 5 years now and has good protection system, it is anonymous and charge-free.
Peculiarities of the System Use
When registering a new account the user, who can be any country’s national, enters his/her login data, PIN-code, secret question and answer and personal data. PIN-code is entered using a virtual keyboard: every time the keys switch places for security reasons. When attempting to break the Liberty Reserve account no mouse tracing software can help. Money depositing and withdrawal is carried out though electronic exchangers.
Liberty Reserve has two account types: LR-USD (based on US dollar) and LR-Gold (based on gold). There is no commission in Liberty Reserve. When user wishes his/her account number is hidden the recipient, he/she pays a fee for the transfer (0.75$).
Peculiarities of the system are the following:
- balance does not depend on gold prices;
- no monthly fees taken;
- money swap to other e-currencies;
- no commission for transactions;
- Liberty Reserve provides commission of 5% when a new account is registered using a referral link
Liberty Reserve High Protection Levels
Liberty Reserve safety has two protection levels: first – entering PIN-code created in registration using a virtual keyboard. It secures the system from logger-programs. Second- entering password and control image. Third – entering 3-symbol payment PIN-code using virtual keyboard when making a transaction. The entrance procedure has one more feature: when registering, the user enters any phrase to further appear when entering the account. When other phrase will appear, it means the web-site the user has entered is wrong and someone is trying to steal his/her money. Liberty Reserve system is highly secure and easy-to-use in any transactions.
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