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Title: How does trading using bitcoins actually work? Post by: deadlyunknown on November 02, 2012, 05:46:02 AM Please give me a brief and simple (noobish) explanation on how to do it?
I want to know more with your own experience about trading with bitcoins :) Title: Re: How does trading using bitcoins actually work? Post by: Fjordbit on November 02, 2012, 06:02:46 AM Please give me a brief and simple (noobish) explanation on how to do it? I want to know more with your own experience about trading with bitcoins :) Mostly I've ordered stuff on Bitmit. Bitmit escrows the coins, the sellers send stuff in the mail and when I receive it I release the coins. I've also sold some stuff on here, with and without escrow. With escrow, I used btcrow. Otherwise, I just PMed my address and people sent me coins and I sent them stuff. Is that enough, or do you have specific questions. Title: Re: How does trading using bitcoins actually work? Post by: deadlyunknown on November 02, 2012, 06:19:20 AM Please give me a brief and simple (noobish) explanation on how to do it? I want to know more with your own experience about trading with bitcoins :) Mostly I've ordered stuff on Bitmit. Bitmit escrows the coins, the sellers send stuff in the mail and when I receive it I release the coins. I've also sold some stuff on here, with and without escrow. With escrow, I used btcrow. Otherwise, I just PMed my address and people sent me coins and I sent them stuff. Is that enough, or do you have specific questions. Thank you for your explanation, it's very helpful for me about bitmit, but what is escrow?? ??? Title: Re: How does trading using bitcoins actually work? Post by: Fjordbit on November 02, 2012, 06:53:13 AM Escrow just means that a third party holds onto the coins until the goods have arrived and the buyer is satisfied. It prevents "sellers" from scamming coins from people by not sending the expected items.
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