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Author Topic: What is it Autobuy and how it works?  (Read 160 times)
_Buddhist_
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September 30, 2017, 12:24:11 AM
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Maybe its not related topic to BTC subject but, i have checked forum and in google and I didn't find any info about "Autobuy" , what is it ? and how it works?
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klf
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September 30, 2017, 01:08:04 AM
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If you're talking about services selling on this forum to auto-buy means it is mostly applicable to digital products. Either you need to go to their website or some sites they allow you to sell your products like this one - https://selly.gg/

In this method as soon as you pay the money your product will be delivered to you instantly without the need to wait for supplier response. As soon as you paid then you should be able to see your product details in this method. Update me if I'm wrong. Thanks.
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September 30, 2017, 04:23:47 AM
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Maybe its not related topic to BTC subject but, i have checked forum and in google and I didn't find any info about "Autobuy" , what is it ? and how it works?
It is simply works as an autobuy or like for example the current buy order is 0.01 and you want to buy lower on it so change the amount to lower than 0.01 might be as 0.005-0.005-0.009 to set up and when the market dumps you will have the amount of token with that price without doing anything or monitoring the marlet just set up your price it is called as autobuy.
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September 30, 2017, 05:32:10 AM
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What I would like to see would be "create market buy order with any fiat that comes in" option (or maybe if message to payee contains "INSTANT_BUY"?). I.e. all EUR/$/whatever when received by the exchange would be immediately turned into bitcoins. And one more option "withdraw bitcoin automatically when account has more than X bitcoins".
This combo would allow me to just establish a standing order (recurrent bank wire transfer) in my bank - and the I would be just watching my bitcoin wallet. ...saving me all the hassle with logging to bank account, sending fiat in single payments, logging to exchange account, creating orders, withdrawing bitcoins, confirming withdrawals in emails and waiting for confirmations...
And the market has this option is Kraken
BrewMaster
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September 30, 2017, 06:10:10 AM
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Auto Buy is exactly as its name suggests: Buy Automatically.

how it works depends on the platform or maybe the bot that you are using. but generally speaking it is a set of "conditions" that the user can define so that when they are met the program (bot) executes a buy order instead of him.
for example you say "If price <$4050 Then buy"

there can be a lot of these "Auto" stuff in bots which make things easier and more automatic.

TrueCryptonaire
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September 30, 2017, 09:05:31 AM
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There are certain Arndt websites that have a feature called autobuy in which the buyer pays first and then at the instant when the transaction is confirmed the buyer recieve the product right into his account or in the email address. Mostly accounts are traded by this method. This is a good alternative for an escrow, but the seller can scam you by providing false details about the product, and most popular here on the forum are accounts and many people sell the accounts without a signed message, so these can be hacked accounts so you should be careful while trading, but account buying leads to scam so I believe one must develop their account on their own.
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