Bitcoin Forum

Instead of getting listed on Coinbase which is almost impossible for small/new projects, I was thinking of using Shopify as an alternative to sell coins. Basically everyone that want's to sell brownie coin would have to setup a shopify store and start selling through shopify.  

Let me know what you think

https://cdn.shopify.com/s/files/1/0289/7749/6138/products/coin_360x.png?v=1606794946

I didn't know that shopify is now an alternative to sell coins. Do you have a link for this or proof that we can sell coins(Altcoins).
Do you mean, shopify is like an exchange platform were We can able to trade cryptocurrency is this what your trying to emphasize
here? Just became curious on this all of a sudden, I wanna know for real,  Sorry for being noob.

Shopify ? is this an exchange ? sorry Just now that i have read this here in forum .

Kindly send some Links please so we can check it out and about the Availabilities of this to accept crypto as trading platform.

Think of it like this, you want to sell coins, setup a shopify store and sell the coin for USD at whatever price that you like. It could be any coin, bitcoin, litecoin, each coin is a product on the shopify store. buy the coin, provide your address and coins are sent to that address.

This is like an exchange that you're describing but it's just slower than the usual exchange that we have. If it's needed to provide the address for the bought coins to be sent later, that's a manual process, unlike the usual exchange that you can withdraw it anytime as long as you're at the threshold of minimum withdrawal.

What OP's idea is like the marketplace for e-commerce just like what we see with them selling goods and products online. But in his idea, it's his coins or any other coins that will be listed there.

with an Exchange you can buy and sell coins with one account, with this model (e-commerce) you can only buy from a shopify store, If you want to sell your coins you would have to setup a store for yourself and start selling the coins from your store front. This gives us the ability to not deal with the KYC problem since we are only selling coins and not buying them.

Why not just list your coin on uni or sushi instead? As I believe it's even free to do (just the cost of gas fee) and all you need to do then is advertise your project and spend the listing fee on marketing instead:)

Might as well, right?

uni and sushi work for none ETH token or coin? 

wow, new thing....I just found out that Shopify can be used as a place to "exchange".  have they been doing this for a long time because usually things like this will quickly spread. ^(curious)

With this model every person that want's to sell coins would have to setup their own Shopify store, obviously they can sell other products along with the coins like t-shirts, ...

It brought me up with a big question: Is Shopify just an intermediary platform or an exchange?
I got what you mean, each customer can create their own store there, and sell the coins they want. So, do customers deposit those coins to your platform? If yes, how can your platform hold all coins (no matter what platform it works on, even junk coins)? And if the customer does not need to deposit, so your platform is just becoming an intermediary website. Customers can put anything there, even paper. What is the difference between Shopify and an intermediary website?

Shopify would not be an exchange, you can't returns your coins for money. you can only buy coins from a shopify store. If you would like to sell coins for cash, you would have to setup your own store, provide shopify with your banking information and sell the coins that way. With this model you know who the buyer and sellers are. it's traditional commerce versus an exchange.

Ya, I got you  ;) So, your idea is to bring currencies (created to operate on a decentralized platform) into transactions on a centralized platform like a bank, huh?

it doesn't have to be a bank, your merchant store could be a bitcoin store instead of shopify. you can sell stuff for bitcoins if you don't want to get the bank involved.

Well, it means the options are completely expanded according to the customer's wishes, and there won't be any limits, right? Understand your idea, but I think it is difficult to implement. If a customer wants to receive money through BTC, your platform will have to become an intermediary to hold the BTC. If customers want to receive money through the bank. Your platform must work with those banks' payment gateways.

Let's say John wants to sell his coins, He creates a Shopify store, johnscoinsstore.com lists his coins for sale, sell his coins and he is done.

Let's say Paul purchased some coins from John's Shopify store, Now Paul want to sell his coins, so Paul sets up a Shopify store paulscoinstore.com, lists his coins for sale, and sells his coins back to John or Jane ...

Hey u thought about to use Shopify for selling Coins?

Maybe also DShop could be a alternative shopping system... it is a decentralized shopping system constructed for crypto an totally free... form the same makers of the origin protocol.

Here have a look... https://dshop.originprotocol.com/ (https://dshop.originprotocol.com/)

Yes, I understood what you said. But you have not mention how they make a checkout on their own sales website yet. Can John put any form of payment on his website? So who will protect the buyers? If the Paul has sent John money, but John says he has not received it yet, how to protect Paul?
Yes, he do. And are you just here to advertise your website? in other's topic?

Nope I didn't Own this Project and I didn't advertise for this Platform I only informed u.

I would be happy if it is my Project...
If you make such accusations you should at least do a little research ;D.


Who is protecting the buyers at the moment at an ICO? Is there usually an escrow?

This is only for those projects that don't have a huge market and you're like selling them privately through the proposed model and store through Shopify.

You may not require the KYC but the more important factor is the worthiness of the coin and what will be the other essentials and distributions that it can give to the buyers.

How can you compare investments and trade? it's a lame and absurd comparison  ::) Investing in an ICO is like playing the lottery, if you are lucky, you have a lot of money, otherwise you lose it. But trading is another aspect, if you give the money to the lottery ticket seller, and then they say you haven't given the money, what do you do? It's completely different, don't make such a dumb comparison. It is the duty of each trading platform to protect their customers from scammers.

Well u are right than I got the op wrong. I unterstood it by lunching a own coin or token and for a kind of ICO u can use Shopify or any other script.... But u want to look to use it as a small exchange... like a decentralized self owened exchange platform...

Than u are totally right there is a problem with no warranty of saftyness...

Sorry for getting it wrong, I apologize.

it's a simple coin with a very catchy name, it will take off. it's been in the bitcoin community since 2013. The technology is proven since it's a litecoin clone with very minimal changes. I maintain the code base and servers myself. It's my baby and I have funded the entire project so it's not wasting a lot of money. very lean project.

Once a customer and business establish a business reputation there would not be scamming just like a normal business. Exchange can't stop scammers, biggest scammers in the world are exchanges. wait until bitcoin hits $1,000,000 and they will run off with your coins and claim they got hacked. Please say that shit to someone who didn't get 100 bitcoins stolen from mtgox.

ETH and Exchanges were the worst that happened to crypto. 

Okay, good luck to your project.

If it's already existing since long ago and you're planning to have it on sale only onto your shopify store. About it taking off, only you know about it since you're the one maintaining it.

Can't give any other feedback because you have made the above argument. Good luck! I just want to emphasize that you need the most effective way to help customers out of scammers.

Even I don't know anything about Brownie Coins, I tried to find in coingecko and coinmarketcap and there is no coin that you refer.

I guess coinbase is a good exchange, I mean everytime this exchange will be listed a coin then we will see the coin that will be listed will increase a lot.

As an example, OGN (Ogin Protocol) is being listed on coinbase exchange now you can trading the coin on coinbase. Take a look with the price movement, almost 30% increase in one day.

Coinbase is more than just an exchange it is more of an endorsement of originality. If for any reason you get to scale through coinbase listing, you are on tour way to the top as a great project to be looked at BG investors.

I can sort of see the logic behind this idea.
So I would set up a shop and stock it with instead of tangible goods like socks, t-shirts, and jumpers it would be coin a, coin b and coin c.

The issue though is the up's and down's of the price 100x coin A may cost $100 one day but the next cost $120 you would have to continually alter the price to follow the true exchange value, then on top of that I presume you could only sell the coins in blocks of 12,20,30 etc someone could not come on and buy 0.023 of a coin could they (unless that is the amount you have listed for sale i guess )

Of coarse i could be wrong about all this as I am not a shopify guru but have taken a look.

Thanks
TT