Why has no-one done a crypto Ebay?

[Bitcoinenthusiasts23]

It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.

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[20kevin20]

It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.

Craigslist exists (and Romania has OLX), and it's not illegal. Why would a BTC marketplace be? OpenBazaar has been out there for a while and I don't reckon having read about someone who's got a problem with it yet. It's a peer-to-peer market, there's nothing illegal in it.

[Zionatin]

There are market places that you can pay bitcoin or crypto with. They do not accept it directly though, they usually handle it through a third party payment processor much like bitpay works.

It would not be legal and more of a black market kinda thing. The government would probably scrutinize the shit out of it.
Your vision is good and indeed it might be the future but man bitcoin has a long, long way to go before there can be sites like these. It could be a thing in niche crypto markets where its legal though.
By the way, you can buy gift cards kinda stuff via Bitcoin.

You already get legal markets you can spend bitcoin on -_- There are many things you can buy with bitcoins.

First of all, a "crypto Ebay" would not be feeless. Handling with Bitcoin costs always fees.
Secondly, crypto Ebay's already exist in the Dark Web. There you can find many marketplaces and Ebay clones where you can buy all things and stuff (legal and illegal) with Bitcoin and cryptos like Monero.

Maybe OP didn't know about it or had forgotten about how crypto became famous in the dark web for something like that,
And we still carry it till this day because some still see's crypto or Bitcoin only as a money for illegal activities because it was once known for that purpose.

99.9999% of crime is done using fiat.

[Pmalek]

I don't understand why ebay does not allow their users to accept bitcoin. (with their own responsibility)

Because they can't offer buyer protection with Bitcoin. When people get scammed (it's not a question of if, but when) they will be scammed while using Ebay's services. They probably don't want such tags. Even if they were to state in their TOS that they don't provide any guarantees or recommend that users pay with Bitcoin, people wouldn't care and would hold Ebay accountable.   

[hatshepsut93]

99.9999% of crime is done using fiat.

99.9999% of everything is done using fiat, so of course it will be true for crime too. What you should look for is relative amounts, like percentage of criminal transactions on the network. I'm sure this is higher for Bitcoin than it is for banks, because with all the KYC and financial monitoring, it's just harder to move big amounts of money. Or take ransomware for example, Bitcoin is already a dominant payment method there. I think the criminal use of Bitcoin is something that we should just acknowledge and accept, there's no way to have both privacy and control over your money without having criminals attracted to it.

[Wexnident]

I was actually thinking that too, recently. Even if most of the people that have bought cryptos are just holding them, there should be an eshop for those that want to keep their anonymity when they'll pay. I don't understand why ebay does not allow their users to accept bitcoin. (with their own responsibility)

That's the thing, they can't take full responsibility for it, either in terms of security or in terms of applying Bitcoin as a payment model currently. Can't really force them to put something out when they themselves don't really see any advantages in doing so.

Additionally, afaik Ebay fees are mostly on them being a third party middleman between the seller and buyer plus the fees from delivering items from place to place, add that to the additional fees they get for profit, fees would naturally be quite insane, especially if you're buying from someone overseas. I highly doubt crypto could even do something about it, since it isn't the issue of transferring money, but rather the issue of the fees of transferring the items.

[NavI_027]

I know about some of the crypto ebay sites but I don't trust them.

Me too. Don't get me wrong, I am really hungry for a shop (whether physical or online) that accepts btc payments because until now I can't find a nearest one. However, you can't blame others, including me, if it's hard for me to appreciate them. You know, their name is not that big yet thus hard to believe in. Maybe they need more publicity, more advertisements so that they become more famous and build a stronger reputation .

[bryant.coleman]

There are several sites similar to Ebay, such as Bitify. Everyone want online shops similar to Ebay. But do you guys know how long it took for Ebay to grow to its present state? Ebay was founded in 1995 and for the first 2-3 years, it only had a few thousand users. Only after Pierre Omidyar received a loan of $6.7 million from Benchmark Capital, the site was expanded and the business increased. We have a lot of startups such as Bitify now. Who knows, in the next 5 to 10 years, one of them may even overtake eBay.

[Slow death]

We have a lot of startups such as Bitify now. Who knows, in the next 5 to 10 years, one of them may even overtake eBay.

I do not doubt that they will grow in the coming years if they continue like this:




I think the reason we don't see "crypto Ebay" sites is because there are still legal and high volatility issues. Because a person who doesn't have bitcoin will hardly want to go buy bitcoin with his bank card and pay a high fee and then take the bitcoins he just bought to go buy something on some website where they accept bitcoin as a means of payment. while you can simply buy things there on ebay with your bank card (even though it also has a high fee, it still has the issue of being more practical in relation to having to buy bitcoin and then having to take bitcoin to go to the site that accept bitcoin and still run the risk of the bitcoin price having a big dump and the value does not reach to buy the thing that the person wanted to buy)

[Wawa2013]

Everyone will complained if make transactions with large fees, To my knowledge, buying goods using Bitcoin on online
sites has a fairly large fee. Unfortunately, very few online stores accept Bitcoin payments. it's not that they don't want
to accept Bitcoin payments, but some of its governments prohibit using cryptocurrency for payments. But we must be
optimistic that there will be many online sites in the future that will legally accept Bitcoin payments.

[bitbollo]

it's very difficult have a shop like ebay that use only cryptocurrencies.
Ebay it's one of kind, it has been able to gain the bigger portion of market share. Ok you can pay fees for listing but nowadays here you find a lot of stuffs listed and a lot of people ready to buy your stuffs.
I see a strong difference also respect other "famous" shop specialized in some fields (like DelCampe /HipStamps).
In comparison Just few people use cryptocurrencies... unless it become a new standard for the vast majority of population it's very hard we see a real ebay competitor able to use only cryptocurrencies.

[Galahad]

I don't use Ebay, but don't some of those fees cover the taxes? I mean, as far as I know if you're selling something on Ebay, the taxes are considered paid, it's all legal. I also came accross this discussion that seems to confirm my hypothesis. So my point is, it's not only Ebay getting rich from the fees they impose (even though they are), but it's also the fees associated with the whole buying-selling business their fully legal. Darkweb markets are obviously not paying taxes (right?), and if a version of ebay accepted cryptos and did everything to remain legal, it would probably impose fees like that as well.

If the fees were tax then nobody could undercut their prices. But Ebid has significantly lower fees than Ebay does.

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For others. I just want to make it clear I'm not talking about trading cryptocurrencies; I'm talking about buying and selling things.

[shoreno]

unprofitable?  you mean your a reseller ? but for a normal shopper , the fees wont be really be thier problem but as long as they can get the item safely on a trusted seller  . fees can also be depend on several aspect like shipping fee , seller  , etc.  on facebook , theres also shops that are international but be careful dealing them and always investigate them before proceeding on the checkout  . its my first time to hear about that crypto ebay , it was a decentralized version of ebay which only accepts cryptos  ? thats verry cool  .

[Vatimins]

     On the surface there may be some which are good but on the deep/dark web (I don't know the exact term) there actually quite a lot. But a lot of those are quite shady though. Despite the case, there are also good and legit ones there which may not be without fees as what you may mean, but actually better than ebay rates. Do take note though that the fees depend on the site or the type of items you want to sell/buy. Although I highly doubt that big illegal ones that sell illegal things are still freely operating if there are, then it would be hard to find. Anyways, just sharing. Hope it helps.

[avikz]

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!

[2bfree]

Here is why I think it's impossible to make a Crypto only Ebay. You need a crytical mass of users to buy and sell or you will not have a market and when you start it and 99% of the population can't use it since they don't know or use crypto how can you get a critical mass of users?

I think what can work is to make a Fiat + Crypto ebay clone and lower fees and that would work with good marketing.

[triggerwarningletswinthis]

was looking at openbazzar today..  seems good but the lack of wallet creation and backup had me doubt its functionalities

[Mahanton]

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!

You got some valid point which is actually some people do really think that decentralization could really be applied on anywhere and can really have that advantage or pros compared on traditional ecommerce sites that had already existed without even realizing nor looking back when it comes to fee matters then there would really be more compared when we do deal with fiat. Network fees+ platform deduction + volatility then these are the main reasons why it wont really be ideal on creating such marketplace.As mentioned by others that
theres already that openbazaar but it did really gain such attention or traction? No it havent.!

[bryant.coleman]

I do not doubt that they will grow in the coming years if they continue like this:

I guess they are facing shortage of funds and manpower. Less than 10% of the startups will become successful. In the cryptocurrency sector, this proportion is even lower, I believe. We can't expect all of the online shopping sites to grow like eBay or Amazon. Also, getting investment from venture capitalists is more difficult for sites such as Bitify. They have a lot of disadvantages, but let's wait and see whether they will be able to grow.

[Findingnemo]

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Darkweb is the biggest marketplace of internet and you could buy anything you want by paying cryptos. Also use market place section of bitcointalk as temporary solution in case if you need it.