Yeah but you could keep buyers happy. There's nothing shady about buying bitcoins for your buyers if you don't have enough sellers yet.
Bitcoin-Brokers has a 2% fee. What % did bitcoin drop in value today? Assuming Bitcoin-Brokers held just $25,000 in bitcoins, an approach to business as you have suggested would have netted Bitcoin-Brokers a loss of thousands of dollars just today alone. I think I will keep it just the way it is. |
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Why don't you fund orders yourself until you grow?
If Bitcoin-Brokers funded the order it would destroy the ability for the business to remain impartial in every transaction because by virtue of what you suggested Bitcoin-Brokers becomes party to the transaction which it oversees. It immediately places Bitcoin-Brokers in the position of the fox guarding the henhouse (that's the expression isn't it? too lazy to Google it.) As far as until I grow.....this business is 2 weeks old. I am very pleased with where it stands now in relation to where it stood 14 days ago. It's not about growth at any price. Its about doing it right and bringing a predictable stable framework to a chaotic environment. |
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Certainly this seems like a nice escrow service charging 2% to the buyer.
Unfortunately, the fact that the bitcoins need to be transferred to a wallet owned by a person or persons who are not clearly identified leads to substantial risk for both buyer and seller. There would be no way for either party to legally go after the owners of that wallet in the event the site simply goes down and the BTC are moved elsewhere.
I need to step in here for one second and point out a key detail which is absent in your statement. Indeed, Bitcoin-Brokers does act in many ways like an escrow service. For Sellers to have their bitcoins listed on the website, those bitcoins need to be transferred into Bitcoin-Broker's wallet first. This is for the protection of the buyer. This ensures that the seller cannot simply hamper the transfer of bitcoins after the buyer has made a cash deposit into the seller's bank account. Here are a couple key differences between an escrow service and Bitcoin-Brokers: Bitcoin-Brokers eliminates the need for a buyer to find a seller. Bitcoin-Brokers eliminates the need for a seller to find a buyer. Bitcoin-Brokers eliminates the need for the buyer and the seller to come to terms on any part of the transaction. The terms of the entire transaction are set by Bitcoin-Brokers for both parties going into the deal. This eliminates any need to try to find the "other half" of the equation regardless if you happen to be a buyer or a seller. It also eliminates the entire "negotiation process" between parties. Settlement prices are set at current MtGox rates, and both parties receive equal representation and treatment in case anything out of the ordinary occurs with the transaction. Total cost to the buyer 2% Total cost to the seller 0% |
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no offense but the site seems terrible. it might as well be a text box and asubmit button as you just ask everyone to submit a query through the help desk  Agree, the website is the weakest link. The service however is excellent. If it were the opposite, there would be much anger rather than simply doubt. I think we can all agree that there wasn't much effort put into coding, and designing and a whole bunch of other stuff. Frankly, I didn't see the need for it. Coding and designing has absolutely nothing to do with brokering bitcoins. Instead, I placed all my energy in creating efficiencies in the entire ordering process. I tried to establish the most convenient methods for both the buyer and the seller to facilitate their side of the transaction. Simultaneously, I felt that I needed to place the rest of my energy on creating efficiencies in the entire customer service side of the equation. There has not been a single customer who can say that they have had to wait more than a matter of minutes for any request of any type whatsoever during the hours of 5:00am PST and 11:00pm PST since day #1. Admittedly, this has come at the cost of a fancy design and other bells and whistles which can be found elsewhere. Oh well. With that being said...........over 99% of the entire inventory sold out again today. So if anybody has any bitcoins which they need converted into cash deposits into their bank account you are more than welcome to list them for free at Bitcoin-Brokers. Thanks. |
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Hi guys and gals! Newbie here, but just wanted to take some time and comment on these guys. Used them for my first purchase earlier in the week (Wednesday), and all said and done from the time I sent the request, until the time my wallet was funded, was about 3-4 hours! I too was skeptical, and of course there is a level of trust that must be given, but all I can report back is how incredibly easy it all was, and how great the communication was on Bitcoin Brokers' end!
While I'm new here and I'm sure my words may mean little to a lot of you, I wanted to go out of my way to post about this vendor, as I was pleasantly surprised with the transaction, and wanted to help instill confidence in any of you whom are on the edge. I'll be doing my second small buy today, and will update on that one as well once completed!
UnderTheRadar , Nice try sayulita, but you'll need a few more long-term trusted members to use your service and comment before you can get any credibility. Sorry to burst your bubble BCB, but that just happens to be a customer who is happy with the service. The mods can surely attest that every single time I have logged in and posted from this account, it is from 1 of 2 different IP addresses, both of which come from...drum roll ...the Sayulita area of Mexico. Come on down for a vacation sometime. It sounds like you could use the break. |
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Still needing lots, yet happy to list any amount.
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hope we can use an escrow services for this transaction.
Bitcoin-Brokers is the escrow company used. All bitcoins sold on the website are placed there by the sellers. |
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I have to say Sayulita has a very nice service with an innovative concept, I would recommend you all taking part and growing the service it's very helpful.
Thanks for the kind words. With that being said I need to bump this thread again. If anybody has any large amounts of bitcoins for sale please contact me immediately. I can have cash deposited into your account tomorrow. All order sizes are welcome. I currently have a backlog of buyers to the tune of $25,000 ready to deposit into your account tomorrow. If you have any amount of bitcoins up to $25,000 that you want sold tomorrow please contact Bitcoin-Brokers immediately. Thanks. |
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I still have a huge demand. If you have bitcoins right now, they can be turned into cash deposits into your bank account right away.
Thanks
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-be able to verify via online banking that there has been a cash deposit made into their account for the correct amount.
-receive a scanned copy of the actual deposit slip used during the deposit transaction.
-receive a scanned copy of the business card of the bank employee who accepted the deposit who can be contacted to verify the deposit. How can the seller know with certainty that cash was deposited (versus a personal check, for instance)? Some banks charge extra to perform a counterfeit bill check at the time of deposit. Is it possible the buyer passes a bogus bill, and then the funds are pulled from the seller's account a day or so later? I think a couple other people have already answered the question, and they are correct. In today's day and age, pretty much every major online banking UI will display to the account holder the nature of the deposit instrument. Most online statements indicate if the deposit was made in cash or check. That's what my clients who bank at Bank of America, Wells Fargo, Chase Manhattan etc have told me. With respect to your comment about counterfeit cash being deposited into the seller's account...anybody foolish enough to try to pass counterfeit cash at the single most scrutinized point of entry will deserve what comes their way. On the off chance that a buyer did actually successfully pass counterfeit cash into the banking system, the seller is not vicariously liable for the bank's inability to detect a counterfeit instrument. Translation-Zero risk. |
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Another 70 btc sent...Need a confirmation.
Confirmed..another 70 bitcoins loaded for sale at any Bank of America. |
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I really need more bitcoins right now. There is a lineup of buyers waiting right now to make cash deposits into your bank account if you have any bitcoins you want sold at current MtGox rates.
Thanks.
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Bitcoin-Brokers needs your bitcoins. We have a huge demand for bitcoins right now. Bitcoin-Brokers has buyers waiting right now waiting to make cash deposits into your bank account. We have a massive imbalance right now between buyers and sellers. Please see this thread to read up on the service and reviews: https://bitcointalk.org/index.php?topic=237164.0Thanks. |
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What are safe ways to sell bitcoins? Since a bitcoin transaction is generally one way, it would seem that the payment for said bitcoins should be one way also, so that would in effect rule out paypal.
I thought about mtgox, but wasn't sure what this meant -Withdrawals below 10€ are not possible.
You can list your bitcoins for sale for free at Bitcoin-Brokers.org. Bitcoin-Brokers will list your bitcoins on the website for free, handle all the communication with the various interested buyers, and ultimately direct any interested buyers to make cash deposits into your personal bank account. You are paid current MtGox rates when the bitcoins sell, and this service is entirely free for sellers such as yourself. Read this thread for additional information: https://bitcointalk.org/index.php?topic=237164.0 |
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If you really want to buy $5000 worth of bitcoins, Bitcoin-Brokers will sell the bitcoins to you. Here is a link to the thread: https://bitcointalk.org/index.php?topic=237164.0A simple cash deposit into a bank account at Bank of America is all it takes. I sent you a PM indicating that all these bitcoins are already held in escrow at Bitcoin-Brokers yet this statement seemed to confuse you, so if you have any questions regarding the service, feel free to ask me here and I will answer as best as I can. Thanks. |
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There are now bitcoins available for purchase at any JPMorgan CHASE bank.
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site is not even https secured?
-Zero financial transactions occur on the site. -Zero information is collected via the site. -Hence zero need for Https on the site. |
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I will troll for 5% less than what the OP charges.
If that doesn't raise the standard and cost of professional trolling, nothing will. It's a dying industry - the glory days are behind us. Hahahaha |
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