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Author Topic: Is it safe to buy using Bitcoin  (Read 1459 times)
joinfree
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October 04, 2019, 06:44:03 AM
 #121

When it come t o bitcoin transaction everything will depend on you, thats  why we always say  you own a bank. there is  no way  you can reverse  bitcoin transaction so my advise  for you is that  when ever  you want buy something using  bitcoin i have so  more  research to make sure  you are  on the  right source..   

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asus09
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October 04, 2019, 07:13:30 AM
 #122

Scammer paradise? hmmm not really, in crypto world you are the only one can be responsible for your actions you made the decision without doing your own research, it is like trusting random guys to hold your bag of money.

Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something.

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October 04, 2019, 07:35:05 AM
 #123

He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something.
Buying without research and feedback provided by other buyers on the reputation of the website is a mistake. I confirm that, because without a good reputation status we don't know that they are scammers. At cryptocurrency I think people should use an escrow service to secure and expedite transactions, because maybe many scammers find it easier to get money through crypto.

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theminime
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October 04, 2019, 07:47:29 AM
 #124

i don't think there should be any issue while using bitcoin for purchasing, just make sure the source is authentic and don't look like a spam page.
bitzizzix
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October 04, 2019, 07:51:44 AM
 #125

Unfortunately in the country where I live I have not found a purchase using bitcoin, and therefore I do not know the certainty of the level of security for making purchases using bitcoin.
and I make purchases using the bitcoin exchange method with my country's fiat currency to be able to use any purchase or payment.

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gunhell16
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October 04, 2019, 08:05:09 AM
 #126

First, you need to check the website if it is legit. Does the company exist?
Paying bitcoin over the internet is really dangerous and there is no refund on your funds.
Using a credit card is also wrong, If the site is a scam then they will have your information and also you lose the funds.

Scammers do exist and like to stay due to a person like you who trust them quickly.


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sapnu
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October 04, 2019, 10:10:26 PM
 #127

It is really safe to buy bitcoin, the only thing that you need to be aware of are the scammers who actually taking advantage of other people just to get your money. This is actually natural in here but still, we should be aware of every transaction that we make. We should know who they are, for example you want to invest some money into a project, you should know the manager and the team itself for you to secure your own money. And you can also check some of their Infos by checking the reviews of other people to them or you can also check the whitepaper of the project.
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October 04, 2019, 10:38:04 PM
 #128

I actually use cryptos in the exchanges, for example I buy BTC in Localbitcoin and send them to Tradesatoshi, with those BTC I trade for other currencies that can give me profits and then send them from tradesatoshi to Localbitcoin, to exchange them for fiat money if I need them Of course I send the profits only, my capital is still changing to win, it is simple, investments must be made very carefully, luck for the next time.
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October 04, 2019, 11:24:53 PM
 #129

Cryptocurrency is actually very dangerous. There is no return when you make a payment. If you are going to buy mining equipment, bitmain is the best option for you. Other than that, when buying bitcoin, certainly do not look for the cheapest seller, look for the most reliable. I would suggest coinbase for that too. Always safety first. Always double check. Dont forget them.

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DabsPoorVersion
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October 05, 2019, 03:56:43 AM
 #130

Scammer paradise? hmmm not really, in crypto world you are the only one can be responsible for your actions you made the decision without doing your own research, it is like trusting random guys to hold your bag of money.

Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something.
Its his own fault for trusting a site that should not be trusted at all. bitcoin transactions are not reversible once you've done it. Bitcoin is safe to use in buying through online transactions, but bitcoin is also being used to scam other people. Bitcoin is not at fault, it is actually safe.


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October 05, 2019, 06:02:07 AM
 #131

Bitcoin transactions are not reversible. That is why you need to be cautious when doing such, but that doesn't mean it isn't safe to use bitcoin in buying something. It is like buying using your fiat money, you need to be cautious also in buying especially online because it might be a scam. The point is even it is a fiat money or bitcoin, people both need to be cautious in buying online.

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October 05, 2019, 04:49:43 PM
 #132

Using bitcoin for purchase payment is good but we have choose trusted website, but if you see with website low trusting you have use other digital payment like PayPal or Payza, why I ask you use both digital currency payment because when you got not trusted website you can dispute or get back your money if use paypal.

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October 07, 2019, 05:42:56 AM
 #133

In my opinion if buying using bitcoin is safe but depends on what you want to buy and on which site you want to buy goods or buy other equipment, and if you want to buy something with bitcoin, you better check the seller's site with details on which site is safe and which sites are not safe. If you find a site that is a little suspicious, it's better if you don't buy it with your bitcoin.

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October 07, 2019, 06:29:39 AM
 #134

Hello:
I am new to cryptos and I must say that my first experience has been a bad one, I recently visited antminerusa.com and purchased some hardware, that was about 10 days ago, I paid using BTC, now the site is no longer available, its been down for 3 days maybe a bit more, this lead me to think this website is a scam.  Now what should I do to recover my BTC, if the purchase where made using a credit card, I would report it to my bank and they could void or cancel payment, but with BTC what should I do?, if there is nothing that I can do, then it is obvious that using cryptos is a scammers paradise because there is no protection to buyer (that I know), unless there is a way to introduce the complain in the chain in order to reverse payment.
This is the transaction id 30dc4f431ac3db1949b330ab8cd31d1bb019d4831e24cd7cd7f4215fca73073b if anyone could share some light I would appreciete it.

That's one of the disadvantages of Bitcoin, so if you are going to use Bitcoin you should be educated to do research if the merchant that you are going to use Bitcoin to buy stuff from them is legit and they are government registered company, even if you cannot do a chargeback at least you have buyer protection and can get a refund, and also always look for the merchants reputation.

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October 07, 2019, 07:16:29 AM
 #135

Just be sure that you trust the website when paying with Bitcoin. There's no way you can recover lost money there.
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October 07, 2019, 08:10:46 AM
 #136

Purchase using bitcoin is safe if you can trust with store do you want to buy, behind you check how many people made transaction before you buy. Many feed back and respond from other people have bought before you can get this website is safe or not before purchasing your bitcoin balance to this address, and check how much bitcoin there?

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October 07, 2019, 08:49:02 AM
 #137

It is safe as, what is not safe is the website you are using. That is why you should make a quick review for any feedbacks and legitimacy purpose before paying through bitcoin. I tried buying some game credits through crypto and my transactions get through and I get the game credits instantly. You should have checked before paying, let this be a lesson.

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October 07, 2019, 12:29:28 PM
 #138

Using bitcoin for purchase payment is good but we have choose trusted website, but if you see with website low trusting you have use other digital payment like PayPal or Payza, why I ask you use both digital currency payment because when you got not trusted website you can dispute or get back your money if use paypal.


I also recommend that, however there is also a disadvantage for that, because we cannot confirmed in an instant that the site where we sent our funds are not legit, it is too late when the person or the website where you sent your funds claimed it before you could reverse the transaction in your paypal account history. The only precaution we could do is think before we click, for our funds not to go in vain.
By using google or through social media you can search any feedbacks regarding a certain website. In this generation, any information can be found thru internet, if no latest information to be found, it is most likely new or no one have to tried it yet, would be better to avoid those kind of website when tryng to purchase thru online. Less information in the internet are most likely the scam sites.

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October 07, 2019, 02:42:43 PM
 #139

I do not specifically know a way to get back your payment or even just to know where it was. As soon as you spend it to somewhere you're not even familiar with, then there must be no turning back. Unless, those stuff has a customer service or what to even guide you on what you should, and validate your loss. So, the bottom line here, using bitcoin to purchase something around an uncertain websites, applications or anything isn't recommended. So be aware to those thing, cause remember people tend to deceive because majority of those random sites are just a mere greedy site.
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October 07, 2019, 02:45:38 PM
 #140

Unfortunately you can not recover your money, your lost BTC.
Other thing is how you got to that site?
it seems that you did not think much before doing your purchase.
If the site was made with purpose of scaming then it certanly was unpopular , possibly suspiciously cheap also.

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