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Author Topic: Different kind of marketplaces: Bitpanda.com vs Bitcoin.de  (Read 111 times)
Zulu123
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August 23, 2017, 08:49:01 PM
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Hello,

I am new to the bitcoin stuff. To figure out how it all works I created an account on Bitpanda.com and on Bitcoin.de and realized two major differences:

Bitpanda.com seems to be very easy to use: You can directly order you bitcoins in bitcoin fractions or EUR, then pay by credit card or similar and after 5 minutes you have your bitcoins. After that I transfered the bitcoins to my local wallet "Exodus" in less than a couple of minutes.

Bitcoin.de seems much more complicated. Basically you can setup an offer how much bitcoins you need (in bitcoin fractions not in a real currency) and place an upper limit of what you would pay max. After half an our (or so) I got an email that someone wants to sell. Then I had to transfer the money within 18 hours(!), have to confirm that I did that and am now waiting for this guy to transfer the bitcoins!

Obviously the latter is a quite lengthy process and I only see the disadvantages.
- Is there a name for these two different types of market places?
- Are there even more type of different marketplaces?
- What is the advantage of the latter?
- It took only a minute or so to transfer the bitcoin from the bitpanda to my wallet. I watched a video that said one block is "mined" every ten minutes and thus it takes at least 10 minutes that the bit coins are transfered. Usually even more blocks an thus about 30 minutes. Why was it so fast?


Thanks in advance

Zulu
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