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Minajx (OP)
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April 05, 2021, 09:41:45 PM
 #1

Bitcoin purchasing
and selling parameters


Bitcoin has a lot of diverse options and methods in which it can be purchased or sold. Different online companies stands as middle men so as their rates differs. Upstanding a company rules and regulations is a major tool for a successful transaction with bitcoin. Most of these  companies which serves as middle men in the bitcoin transactions charges with respect to the time of delivery. Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered. It is important to know and study carefully the particular option to choose when transacting with an online company so as not spend excessively your bitcoins without your proper knowledge.
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April 05, 2021, 10:01:01 PM
Merited by isaac_clarke22 (1)
 #2

There are many different ways to buy Bitcoin:

1. It can be directly p2p which do not require any third party.
2. It can be through exchanges, but yet p2p
3. It can be through noncustododial decentralized exchanges like Bsiq which some people are using for privacy reasons
4.  It can be through normal exchanges

Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered. It is important to know and study carefully the particular option to choose when transacting with an online company so as not spend excessively your bitcoins without your proper knowledge.
To know more about bitcoin transactions:
https://bitcointalk.org/index.php?topic=2848987.0
https://bitcointalk.org/index.php?topic=5309545.0
https://bitcointalk.org/index.php?topic=5320216.msg56441031#msg56441031

Or check this compilation
https://bitcointalk.org/index.php?topic=5319178.msg56412061#msg5641206

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April 05, 2021, 11:09:43 PM
 #3

Most of these  companies which serves as middle men in the bitcoin transactions charges with respect to the time of delivery.
They don't really serve as middle men, they're like us who purchases and hold bitcoin and sell it for those people who are interested. But the thing is different with them, it's a business for them that they can continue with a huge capital that flows into their company.

Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered.
I guess what you mean by delivery time is the confirmation time. And AFAIK, if the transaction is "delivered" or delayed by months, it will be dropped and will return to the owner. The logic about fees, when you pay priority fee or high, confirmation time is quicker.

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April 06, 2021, 03:30:45 AM
Merited by SquirrelJulietGarden (1)
 #4

Bitcoin has a lot of diverse options and methods in which it can be purchased or sold.
There are different payment methods for you to buy your first bitcoin: bank transfer, credit/ debit/ gift cards, etc.

After you have your bitcoin, you can have different trade types: Spot, Margin/ Leverage, Future, Binary/ Option tradings. You only sell your real bitcoin when you do it in Spot trading. For other types, what you sell is not your real bitcoin and it is just the credited amount to your account. You sell the credited amount, not real bitcoin because your real bitcoin will be move and lock in the cross or isolated account.

Quote
Different online companies stands as middle men so as their rates differs. Upstanding a company rules and regulations is a major tool for a successful transaction with bitcoin. Most of these  companies which serves as middle men in the bitcoin transactions charges with respect to the time of delivery. Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered. It is important to know and study carefully the particular option to choose when transacting with an online company so as not spend excessively your bitcoins without your proper knowledge.
Exchanges have taker, maker, deposit, withdrawal, conversion fees.
https://www.cryptowisser.com/exchanges/
https://exchangewar.info/

If you move your bitcoin to internal wallet on one platform, they can give free movements (a few times in a month). It is one of ways to save fees.

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April 06, 2021, 08:39:26 AM
 #5

Bitcoin purchasing
and selling parameters


Bitcoin has a lot of diverse options and methods in which it can be purchased or sold. Different online companies stands as middle men so as their rates differs. Upstanding a company rules and regulations is a major tool for a successful transaction with bitcoin. Most of these  companies which serves as middle men in the bitcoin transactions charges with respect to the time of delivery. Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered. It is important to know and study carefully the particular option to choose when transacting with an online company so as not spend excessively your bitcoins without your proper knowledge.
You can buy and sell bitcoins instantly on spot exchanges when you create an order for the current market price or a bit lesser than that so it depends on the price not the companies doing anything in that, while there will be a waiting time while you withdraw your cryptos which can be minutes to hours depends on the network congestion.

Another method is p2p where you can create your own trade and wait for someone to respond then make transactions smoothly with the help of an automated Escrow system.
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April 06, 2021, 09:47:35 AM
 #6

Bitcoin purchasing
and selling parameters


Bitcoin has a lot of diverse options and methods in which it can be purchased or sold. Different online companies stands as middle men so as their rates differs. Upstanding a company rules and regulations is a major tool for a successful transaction with bitcoin. Most of these  companies which serves as middle men in the bitcoin transactions charges with respect to the time of delivery. Delivery time can be subjected to hours, days or even months as the charges lowers with longer time frame to be delivered. It is important to know and study carefully the particular option to choose when transacting with an online company so as not spend excessively your bitcoins without your proper knowledge.

What are you trying to point? Do you want to buy/sell your bitcoins and create a business by doing this or you are curious to know on which merchant is good to buy bitcoins since they are good upon handling fees and the transaction? For this maybe just search for the best and you want to do a p2p better go with binance since they have feature something like this and also if you want to buy bitcoins you can also use them since so far they offer lesser fees compare to other exchange.

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April 06, 2021, 02:55:56 PM
 #7

Do you mean by delivery times that the transaction be confirmed within a short period of time? Otherwise you may lose your currency because the price changes and you may make losses.
Paying in Bitcoin on many sites involves many obstacles. every problem has a solution. Second-layer network or trusted central networks can be used to conduct transactions and deduct from the balance.
you need to read about the company and trust it because bitcoin transactions are irreversible
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April 07, 2021, 02:05:58 AM
 #8

We should also consider the risk of buying or selling randomly Bitcoin online. There are some especially centralized exchanges one that got a lot of restrictions especially if you are from a country which a lot of regulation on Bitcoin or other cryptocurrencies.
Other exchanges may just lock your funds within your account anytime, that's why we should always be aware before using these kinds of platforms for buying and selling Bitcoin.

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April 07, 2021, 05:07:03 AM
 #9

If you move your bitcoin to internal wallet on one platform, they can give free movements (a few times in a month). It is one of ways to save fees.

Internal wallet? Do you mean an interest account?

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April 07, 2021, 08:52:09 PM
 #10


Internal wallet? Do you mean an interest account?

The post is kinda confusing. I think he meant, transfering bitcoin with a certain exchange. Like for instant, transfering bitcoin within Binance.

I don't know if it's just me, but I find it hard trusting any site that has or encourage middle man, when I want to purchase or sell bitcoin. Especially on p2p sites.
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April 07, 2021, 11:02:52 PM
 #11

There are many ways to buy and sell bitcoin, there are exchanges which offer p2p services where users can buy and sell crypto without any third party or rather the exchange stands in as the middle man making the transaction safe and secured for both buyers and sellers. Another way is buying through bank transfer or using debit cards to purchase coins from exchanges depending on the users location because not all countries bank debit cards are accepted for buying cryptocurrencies in
an  exchange

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April 09, 2021, 04:36:46 AM
 #12

As for now I'm buying and selling bitcoin through the use of the exchange and into a p2p as the same exchange too specifically with the binance too but on transferring to my fiat currency I use another wallet that uses a cryptocurrency to convert into a fiat currency.

If you want to try with the p2p in real person like meeting them it's better to keep safe and aware because it's personal but in binance before taking p2p it's required for them to have KYC.
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May 03, 2021, 08:04:37 AM
 #13

The method of buying and selling bitcoin varies from one country to another, there are countries where there are Bitcoin ATMs, and other countries in which bitcoin can be bought through Visa or MasterCard, in less developed countries you must search for a dealer to sell and buy these currencies for a specific commission.
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