Liberty Reserve (LR) has been around for some time now, and it has gain ground real good. Liberty Reserve is one of the many e-currencies that accept, send and process payment. Quoted from libertyreserve.com, Liberty Reserve is an account-based payment system where you can store value in U.S. dollars and transfer payments to others and receive payments from others. It is safe, reliable and confidential. Payments are irrevocable (meaning they cannot be reversed). Liberty Reserve is instant, real-time currency for international commerce. In just minutes, you can send and receive payments from anyone, anywhere on the globe!
Many websites, ranging from betting sites to ecommerce sites are using Liberty Reserve to accept payment online. And the good news is they accept Nigeria. So, if you are looking to use LR to make or accept payment, read how you can open, fund and withdraw your cash into your local bank.
How to Open a Liberty Reserve Account
It is absolutely free to open a LR account. Just point to www.libertyreserve.com to get yourself a free account (if you do not have already).
After registering, make sure to copy your Login details such as your Account Number, Password, Login PIN, and the Master PIN. Keep these in a safe place where no one can find it, and never share it with anyone to secure your account.
How to Fund Your Liberty Reserve Account
For one reason or two, you might need to fund your LR account, maybe to pay for a product or certain service, or to send someone some dollars. So let us look into how to add money into your Liberty Reserve account.
I will be using Nigeria as a case-study
To get fund into your account, you will surely need Liberty Reserve Exchangers. There are various exchangers but you need to be very careful because most scammers take this advantage to scam innocent people.
To get an exchanger in your country (e.g. Nigeria), go to www.google.com and search for “Liberty Reserve Exchangers in Nigeria” and you should get a list of exchangers. Make your choice by comparing the top 5 exchangers and make sure they are for real.
After getting your desired exchanger, go to their site, find and click “Buy/Sell Liberty Reserve“, fill the provided form with the required information. Find their local Bank Account details, then go straight to the bank to pay in the equivalent of the amount you want to buy. If you are in Nigeria, most of the exchangers uses GTBank Plc.
After paying into their bank account, make sure you send them Payment Notification. After your payment must have been confirmed, your LR account will be funded within the hours.
How to Withdraw Your Money from Your Liberty Reserve Account
Now after working so hard for some good dollars, or someone just sent you some dollars through LR, you will need to withdraw it. You can withdraw your money into your local bank account using the same exchanger.
To withdraw your fund from LR, go back to the LR exchanger you have chosen, find and click Sell Liberty Reserve, fill the form and then follow the instructions on the website. This might include sending the said amount to the account of the exchanger.
How to Transfer Money to Another Liberty Reserve Account Number
To transfer your money to another LR Account Number, you need to login with your LR Account Number and Password, then confirm your Welcome Message. After that, click Transfer, follow the instructions and use your Login PIN and Master PIN to complete the transaction.
You should note that some Liberty Reserve Exchangers do require you to submit some documents such as Utility Bill, Bank Statement, or any other thing. But if you can not go through all those strenuous processes, you can Contact Me, I can help you fund your LR account. Let me know so I can give you my charges.