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Author Topic: Best way to get money from BTC  (Read 1817 times)
jmschechter
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January 05, 2014, 06:00:44 PM
 #21

So I can join your buyers' club and purchase btc at the price listed on the webpage?  That's a good deal.
You don't have escrow yet, so I'm wondering about the mechanics of the transaction.  Do I send the money first and then somebody sends me btc, or do does somebody send me btc first and then I pay for it?
Or do you pool transactions?
Right now it is one-to-one, manual, and we are geared towards the buyer.  In other words, we have to wait for someone to say they have crypcoin to sell. We pre-screen the buyer - make sure he's got enough money in his Akimbo account to make the purchase. Recognizing that localbitcoins and craigslist are TOTALLY in favor of the seller ("Moneygram me some money") we are putting the buyer in control:  Once the seller list them, seller transfers the crypcoin to buyers wallet, buyer then sends funds via Akimbo.

At this point we cannot guarantee the transaction.  That is why we are building [CryptoTrustPoint](http://www.cryptotrustpoint.com).  Ultimately, all our transactions will be conducted through CryptoTrustPoint.

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