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Author Topic: [ANN] - BTC, LTC, ETH, XRP - UK  (Read 17 times)
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January 23, 2018, 12:35:06 PM

We've just launched Buy and Sell Cryptocurrency, connecting buyers and sellers together, so that they can trade cryptocurrency (Bitcoin, Litecoin, Ethereum and Ripple).


Our approach is to provide a safe, secure and transparent order process that's hassle free for both parties.  Think of us like the best bits of LocalBitcoins and Cryptomate, however:
  • We only display seller's listings when they are online
  • Buyers can immediately place orders - no waiting 15 minutes for an order to be 'filled' by a seller

Right now, we're focused on UK buyers and sellers who are able to make UK Bank Transfer payments.  Longer term, we want to explore other payment methods and countries.

How it Works
In basic terms, there are four steps:
  • The buyer chooses a seller (who is online) for the cryptocurrency they require, completing the order form to specify the amount required and the buyer's wallet address.
  • The seller accepts the order, transferring the requested cryptocurrency amount to our escrow wallet.
  • The buyer makes payment to the seller's bank account, updating the order on this site to confirm when completed.
  • The seller confirms receipt of payment, which automatically credits the buyer's wallet.

Escrow Wallets
We use hardware wallets for all escrow transactions.  Both buyers and sellers must have their own wallets for a given cryptocurrency, and we never store wallets on our site.

Security for Buyers
  • Buyers cannot pay until the seller has deposited the required amount of cryptocurrency into our escrow wallet. Only when this is completed will the seller's payment details be sent to the buyer to make the payment.
  • Buyers are required to submit evidence of payment on the order. Orders that are not marked as paid by the Seller within 1 working hour are automatically flagged for review by us.
  • As all transactions are on a visible blockchain / ledger, proof is automatically added to the order to confirm the transfer of cryptocurrency completed successfully.

Security for Sellers
  • Sellers do not lose cryptocurrency, as they must confirm that the Buyer has made payment. Once confirmed, the cryptocurrency is then automatically released from the escrow wallet to the Buyer.
  • Buyers that fail to submit payments within 1 working hour (of your cryptocurrency being deposited into escrow) are automatically flagged for review by us. Either payment will be made by the buyer swiftly, or the order cancelled and cryptocurrency returned to the seller.
  • As all transactions are on a visible blockchain / ledger, proof is automatically added to the order to confirm the transfer of cryptocurrency completed successfully.

As a new site, which only lists sellers who are actively online, it's probable that you might not find the cryptocurrency that you're looking for right now - but with your patience, we're working hard to promote the site, and get both buyers and sellers on board (so please help us in any way - tell your friends, family, share our site, ask any questions etc!).
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