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Author Topic: Basic Use Question  (Read 23 times)
vaudover
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April 23, 2018, 04:57:32 PM
 #1

I have never made any purchase using crypto and I am unclear on the way transactions move.   Say for example, I want to buy something using Bitcoin.   I find a seller and we agree on a price.   I send the bitcoin.   Then what...why is that seller obligated to send me anything at all?   Can't/don't they just take the money and disappear?    Please shed some light.   I am not interested in buying anything illegal but I would think that would be even more wrought with fraud??
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krogothmanhattan
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April 23, 2018, 05:01:08 PM
 #2

Use escrow and you Will not lose your btc.

Plenty of escrow providers here.

I use MinerJones and have used him for countless sales with no issues

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BillCoin
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April 23, 2018, 05:04:37 PM
 #3

So you are like 99.99% of the investors, speculator.
I suggest you to try and use bitcoin for once, try to buy somehting online, you will be surprised how easily it is done and how quickly the transactions goes through.
It will make it easier for you to understand what you invest in and why you should be holding your bitcoins as it may be the next generation of currencies.

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Johnny Lgz
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April 24, 2018, 07:20:06 AM
 #4

Using of Bitcoin is good when the shop is nearby or your supplier will come to your location, then you exchange payments & good, this is a safe method..

As for online transaction, choose the payment: payment upon delivery option, this way you don't have to worry about anything else since you just need to pay when you received it.

Make sure to have transaction arrange correctly and have a copy on agreed terms before paying.
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