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Author Topic: Starting into BTC Selling/Buying  (Read 1242 times)
Totie (OP)
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September 16, 2014, 12:08:49 AM
 #1

Howdy folks.
I am just recently getting into the Bitcoin market and found this forum as a good place to give it a start.
(I tried ebay first, which was a horrible idea!).

I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%
I will also offer to purchase bitcoins in 50+ lots for a negotiated rate somewhere close to market (feel free to PM me with offers if you have that many).

Because of getting burned with scammers in the past, I will only perform transactions through escrow.
My preferred method of transacting is with escrow.com. I have used them in the past for purchasing various domain names and could not recommend them enough!

I will also pay all service fees related to performing the transaction through their site, which will be detailed in the transaction arrangement sent to you if we come to an arrangement to sell or buy.

Feel free to PM with questions or offers.
I look forward to working with many of you.
Thanks!
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LouReed
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September 16, 2014, 02:47:51 AM
 #2

Some advice I can offer you is, if you're going to trade here you're going to have to be willing to use some of the trusted members who provide escrow. Not some third party website.
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September 16, 2014, 05:00:41 AM
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Oh boy, another Escrow.com scammer. My money says that the OP won't be around for more than a few days, if he ever posts again.

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September 16, 2014, 07:10:50 AM
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I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%

Any reason why someone would deal with you when there are more reputable members sell for a much lower margin? I'll bet you can't come up with a single reason  Kiss

Totie (OP)
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September 16, 2014, 11:14:49 AM
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Oh boy, another Escrow.com scammer. My money says that the OP won't be around for more than a few days, if he ever posts again.

I don't understand how someone can scam through a service like escrow.com?
I tried selling on ebay/paypal first, but talk about getting scammed as a seller (the issues with chargebacks were horrible)
With escrow, not only does the buyer have protection but the seller does to!
I have also used that service many times in the past for buying/selling internet domain names and never had an issue.

Also, since I am just getting into the game constructive criticism is more appreciated than flames.



I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%

Any reason why someone would deal with you when there are more reputable members sell for a much lower margin? I'll bet you can't come up with a single reason  Kiss

That price is set to cover fees and associated risk with timing of the transaction to make a profit.
From looking over most of the listings on the site last night, it is clear folks want to deal quickly with small amounts.
I am open to changing my approach (which would also change the high fee structure), but with my experience so far I need to find a service that offers seller protection that buyers are also comfortable using.

Any constructive feedback is appreciated.
LouReed
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September 16, 2014, 03:16:07 PM
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Quote
I am open to changing my approach (which would also change the high fee structure), but with my experience so far I need to find a service that offers seller protection that buyers are also comfortable using.

Any constructive feedback is appreciated.

Like I said earlier, use a trusted forum member for escrow like Tomatocage, or Maidak, or DannyHamilton, or even myself and you will likely have better luck/less criticism.

That's just my opinion though.  Smiley
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September 16, 2014, 03:35:43 PM
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LouReed is 100% right if you are a honest user you not need to be woried to trade and use this trusted users as escrow ! but escrow.com is a big scam stay away from this for any deal
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September 16, 2014, 04:37:59 PM
 #8

Howdy folks.
I am just recently getting into the Bitcoin market and found this forum as a good place to give it a start.
(I tried ebay first, which was a horrible idea!).

I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%
I will also offer to purchase bitcoins in 50+ lots for a negotiated rate somewhere close to market (feel free to PM me with offers if you have that many).

Because of getting burned with scammers in the past, I will only perform transactions through escrow.
My preferred method of transacting is with escrow.com. I have used them in the past for purchasing various domain names and could not recommend them enough!

I will also pay all service fees related to performing the transaction through their site, which will be detailed in the transaction arrangement sent to you if we come to an arrangement to sell or buy.

Feel free to PM with questions or offers.
I look forward to working with many of you.
Thanks!

Um..Escrow.com is a verified scam site..

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September 16, 2014, 04:39:07 PM
 #9

I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%

Any reason why someone would deal with you when there are more reputable members sell for a much lower margin? I'll bet you can't come up with a single reason  Kiss

Well said haploid. Not to mention he is not even a member yet...

xetsr
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September 16, 2014, 04:44:20 PM
 #10

Howdy folks.
I am just recently getting into the Bitcoin market and found this forum as a good place to give it a start.
(I tried ebay first, which was a horrible idea!).

I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%
I will also offer to purchase bitcoins in 50+ lots for a negotiated rate somewhere close to market (feel free to PM me with offers if you have that many).

Because of getting burned with scammers in the past, I will only perform transactions through escrow.
My preferred method of transacting is with escrow.com. I have used them in the past for purchasing various domain names and could not recommend them enough!

I will also pay all service fees related to performing the transaction through their site, which will be detailed in the transaction arrangement sent to you if we come to an arrangement to sell or buy.

Feel free to PM with questions or offers.
I look forward to working with many of you.
Thanks!

Um..Escrow.com is a verified scam site..

Not it's not. Members here simply send spoofed / fake emails from what appears to be a escrow.com address.

Totie (OP)
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September 16, 2014, 11:55:24 PM
 #11

Howdy folks.
I am just recently getting into the Bitcoin market and found this forum as a good place to give it a start.
(I tried ebay first, which was a horrible idea!).

I will offer to sell bitcoins (1btc minimum) for the bitstamp market price +10%
I will also offer to purchase bitcoins in 50+ lots for a negotiated rate somewhere close to market (feel free to PM me with offers if you have that many).

Because of getting burned with scammers in the past, I will only perform transactions through escrow.
My preferred method of transacting is with escrow.com. I have used them in the past for purchasing various domain names and could not recommend them enough!

I will also pay all service fees related to performing the transaction through their site, which will be detailed in the transaction arrangement sent to you if we come to an arrangement to sell or buy.

Feel free to PM with questions or offers.
I look forward to working with many of you.
Thanks!

Um..Escrow.com is a verified scam site..

Not it's not. Members here simply send spoofed / fake emails from what appears to be a escrow.com address.



I fully agree with the above statement that escrow.com itself is a legit site.
I have trusted it with a number of other transactions, but understand if others were burned previously and do not want to use it (as I was with paypal)


Quote
I am open to changing my approach (which would also change the high fee structure), but with my experience so far I need to find a service that offers seller protection that buyers are also comfortable using.

Any constructive feedback is appreciated.

Like I said earlier, use a trusted forum member for escrow like Tomatocage, or Maidak, or DannyHamilton, or even myself and you will likely have better luck/less criticism.

That's just my opinion though.  Smiley

Thanks for your suggestion.
I can reach out to those users to see what the best approach for getting into selling/buying bitcoin is.
I am still leery of using other members for escrow for any large amount (over $500), as I have seen a number of accounts being sold on the site as well. When dealing with folks online, I guess that is the risk one takes.

It is clear I need to understand better how things work before starting into selling/buying.
Thanks for the feedback.
BitcoinPappi
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September 17, 2014, 03:02:56 AM
 #12

No easy scam around here.  Here is the escrow list for your reference https://bitcointalk.org/index.php?topic=108716.0 .

If you are 100% legit you should have no reason to not use a trusted member on the forum. You know you are going to do  good and keep up your end of the deal so just go ahead and use escrow, nothing to lose.
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