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Title: Difference between Bitcoin Exchange and Market? Post by: trekmonster7 on April 18, 2013, 01:20:59 PM What is the difference between the two. On the FAQ page of bitbargain they say they are a market, not an exchange. How does this differ from exchanges such as Mt Gox?
Title: Re: Difference between Bitcoin Exchange and Market? Post by: astor on April 18, 2013, 01:23:45 PM I have no idea what they mean, but I can guess that they mean the following:
A market: Matches buyer and seller, but does not do any escrow, so whether any party upholds the agreed match/deal is not guaranteed by the "market". An exchange: Does matching and escrow. The "money" is held by the exchange on your behalf, so you do not control it, except indirectly. Title: Re: Difference between Bitcoin Exchange and Market? Post by: trekmonster7 on April 18, 2013, 01:27:04 PM Quote Matches buyer and seller, but does not do any escrow In the case of bitbargain they do escrow |