Hi Paul, this is Solo from BitXF (
https://bitxf.com), a Bitcoin exchange in China. I'm one of the cofounders and am fluent in English.
The first step for any exchange is to fund the account. If you're a buyer, then you'd deposit with RMB usually via Alipay or Tenpay; we're working on direct bank transfer as a funding option as well. After funding the account with RMB, you can then place orders by specifying the number of Bitcoins you wish to buy and the price you'd pay for a Bitcoin. If a seller's price matches, then the trade occurs and you get the Bitcoins and the seller gets your RMB, minus a commission. You can then withdraw your Bitcoins to your wallet for use elsewhere.
Likewise, if your customers at IJustWannaBuy have paid you in Bitcoins, you can sell them on an exchange like BitXF as well. You'd fund your account with Bitcoin by transferring to a wallet address you will receive upon registration; then you place an order of how many Bitcoins you're willing to sell and at what price. If a buyer comes along with a price that matches, you get their RMB and they get your Bitcoins, minus the commission. You can then withdraw the RMB to your Alipay, Tencent, or bank account.
Hope that makes sense, I'd be happy to help with any further questions you may have. Feel free to continue posting on this thread and I'll respond ASAP, or send us an email at
support@bitxf.com if it's a private matter and I'll get right back to you.
Looking forward to chatting soon!
不好意思中文写的不好，所以我写英文：
Hi Bitcoin community. My company has just started accepting BitCoin payment within China.
http://ijustwannabuy.com/?p=1032 . I think we're the first e-commerce company to do this in China.
I'd like to understand more how to buy and sell BitCoins within the Chinese exchange. Unfortunately my Chinese reading/ writing skills are not that good and the only information I can find is in Chinese.
Thanks all in advance!
Paul
