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Author Topic: Difference between Bitcoin Exchange and Market?  (Read 324 times)
trekmonster7
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April 18, 2013, 01:20:59 PM
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What is the difference between the two. On the FAQ page of bitbargain they say they are a market, not an exchange. How does this differ from exchanges such as Mt Gox?
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April 18, 2013, 01:23:45 PM
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I have no idea what they mean, but I can guess that they mean the following:

A market:  Matches buyer and seller, but does not do any escrow, so whether any party upholds the agreed match/deal is not guaranteed by the "market".

An exchange:  Does matching and escrow.  The "money" is held by the exchange on your behalf, so you do not control it, except indirectly.
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April 18, 2013, 01:27:04 PM
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Matches buyer and seller, but does not do any escrow

In the case of bitbargain they do escrow
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