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Author Topic: bitcoinmarket.com is legitimate site & your coins are safe there  (Read 1568 times)
dishwara
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May 31, 2011, 02:17:00 PM
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I put 140 coins for sale at price 9.3 USD per coin & a guy rainer478 bought the coins on 29th April 2011.

So, far he hasn't sent me LRUSD for which he bought & I sent email to dwdollar or Dustin Dollar & i see no improvement.

It seems after they got bitcoins from me, they just run away.

How to get back my bitcoins?
Please anyone give some advice.





EDIT:
I wasn't aware that bitcoinmarket.com works as an escrow service. Until the seller confirms the payment received, the bitcoins stays in bitcoinmarket only. It doesn't go to buyer account until, he pays & seller confirms that buyer paid.
Since my buyer didn't respond, dustin cancelled order & my bitcoins came back to my account again.
I SAY BITCOINMARKET.COM is safe to trade with out worrying that some one will take your coins & run away with out paying.
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DannyM
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May 31, 2011, 02:46:58 PM
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I want to vouch for Dustin Dollar and his bitcoinmarket.com site.

Dustin is a long-time bitcoiner and one of bitcoins entreu-pioneers, and a stand-up guy.

That said, I have heard from others that customer support and response time and communication have been challenging lately.

Who was prepared for this explosion of interest in bitcoins?

I'm sure he will get in touch with you and straighten this out.

Try leaving him a PM on the bitcoin.org forum user dwdollar.

I agree that your experience is troubling, I just wanted to give another view from someone who has had good experiences with Dustin and bitcoinmarket.com.

Good luck!
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May 31, 2011, 03:38:07 PM
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I've had a lot of success with bitcoinmarket.com (BCM). I have had a number of trades take a day or two to complete on the buyer's end. One trade that was late into the second day had me a bit annoyed, as you are now, since the market was moving and that bit of leverage was stuck in limbo. So, I contacted Dustin and this was his response when I asked if/when unfulfilled trades expire:

Quote
Yes, it is 10 days.  I need to get the trade rules up.

The seller has no way to automatically cancel a trade since the BTC is withdrawn from their account at the moment it is conducted.  This would introduce an exploit for scammers.  If you think the buyer is intentionally being slow, in order to exploit a rising price, let me know.  I will cancel the trade.

Dustin
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Hopefully your buyer comes around soon.
kiba
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May 31, 2011, 03:42:31 PM
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Sounds like you got scammed by a trader on that site. Did you take trading precaution?

dishwara
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May 31, 2011, 04:08:10 PM
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As for bitcoinmarket.com concerned, seems Dustin runs it as escrow service, which i am not aware of so far.
the guy bought coins from my order & didn't paid so far, i called dustin, created this post, & then i understood dustin can cancel the order & return coins, if buyer don't pay.
And dustin cancelled order & the bitcoins returned to my account.
Thanks dustin.
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May 31, 2011, 04:53:52 PM
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Everyone is happy, excellent.

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September 08, 2012, 03:50:11 PM
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Is bitcoinmarket.com still operating?  The site is still up but trade volume is zero.

I used this site back in 2010 and it was very good then.  I wonder why now that the potential volume of business is so much greater, the owner doesn't seem to be marketing his operation.

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