Bitcoin Forum
October 20, 2017, 07:30:51 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5  All
  Print  
Author Topic: Exchanges  (Read 4542 times)
dlc1962
Jr. Member
*
Offline Offline

Activity: 56


View Profile
January 17, 2015, 02:57:43 PM
 #1

How do exchanges work?
1508484651
Hero Member
*
Offline Offline

Posts: 1508484651

View Profile Personal Message (Offline)

Ignore
1508484651
Reply with quote  #2

1508484651
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
geforcelover
Full Member
***
Offline Offline

Activity: 168



View Profile
January 17, 2015, 02:59:55 PM
 #2

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )
marcotheminer
Legendary
*
Offline Offline

Activity: 1232



View Profile
January 17, 2015, 02:59:59 PM
 #3

They provide a way for buyers to interact with sellers and trade bitcoin in this situation.

https://bit-x.com/pages/about
Bryansamba
Full Member
***
Offline Offline

Activity: 135

ActionCrypto.com ★ Bitcoin Binary Options


View Profile
January 17, 2015, 03:07:11 PM
 #4

They provide a way for buyers to interact with sellers and trade bitcoin in this situation.

https://bit-x.com/pages/about

Buyer want Buy
Seller want Sell

exchanger will be a mediator to both Smiley

                                                             ActionCrypto   ▎ Bitcoin Binary Option Trading Platfom
    █        ▃ ▁                               ▼   Make profit or hedge risk in both bullish or bearish markets  ▼     
       ▀               ▊                      
marcotheminer
Legendary
*
Offline Offline

Activity: 1232



View Profile
January 17, 2015, 03:07:58 PM
 #5

They provide a way for buyers to interact with sellers and trade bitcoin in this situation.

https://bit-x.com/pages/about

Buyer want Buy
Seller want Sell

exchanger will be a mediator to both Smiley

You got it!
dlc1962
Jr. Member
*
Offline Offline

Activity: 56


View Profile
January 17, 2015, 03:09:23 PM
 #6

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )

So, basically I have the bitcoins(seller) someone(buyer) makes offer for the amount of bitcoins I have, we agree, they exchange cash for the bitcoins I have?
Madness
Hero Member
*****
Offline Offline

Activity: 658


My goal is becaming a billionaire.


View Profile WWW
January 17, 2015, 03:10:42 PM
 #7

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )

So, basically I have the bitcoins(seller) someone(buyer) makes offer for the amount of bitcoins I have, we agree, they exchange cash for the bitcoins I have?

Yep pretty much like that , It's pretty safe even if I  don't use exchangers all the time
you still can use Currency Exchange section here on bitcointalk if you feel like tho. just make sure to trade with trusted members or use Escrow to keep things safe for both of you

dlc1962
Jr. Member
*
Offline Offline

Activity: 56


View Profile
January 17, 2015, 03:17:57 PM
 #8

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )

So, basically I have the bitcoins(seller) someone(buyer) makes offer for the amount of bitcoins I have, we agree, they exchange cash for the bitcoins I have?

Yep pretty much like that , It's pretty safe even if I  don't use exchangers all the time
you still can use Currency Exchange section here on bitcointalk if you feel like tho. just make sure to trade with trusted members or use Escrow to keep things safe for both of you

Possible stupid question. What would I use for escrow for bitcoins?
marcotheminer
Legendary
*
Offline Offline

Activity: 1232



View Profile
January 17, 2015, 03:24:02 PM
 #9

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )

So, basically I have the bitcoins(seller) someone(buyer) makes offer for the amount of bitcoins I have, we agree, they exchange cash for the bitcoins I have?

Yep pretty much like that , It's pretty safe even if I  don't use exchangers all the time
you still can use Currency Exchange section here on bitcointalk if you feel like tho. just make sure to trade with trusted members or use Escrow to keep things safe for both of you

Possible stupid question. What would I use for escrow for bitcoins?

To avoid being scammed. If you want to buy 10 bitcoins from bob and need to pay him $1000, who will go first if you don't trust him? If you send first he can just run away with the $1000. If you send $1000 to an escrow then bob sends you the 10 bitcoins and the escrow sends the $1000 to bob since the transaction was completed successfully. If bob refuses to send you the 10 bitcoins then the escrow can return your $1000 (instead of bob running away with it).

Escrow list here: https://bitcointalk.org/index.php?topic=855778.0
dlc1962
Jr. Member
*
Offline Offline

Activity: 56


View Profile
January 17, 2015, 03:35:22 PM
 #10

excahnges works very easily ! if i give u example!

U are the seller and i m the buyer if u put the selling price of btc 150$ and i put the buying price 150$ then there will be an automatic process which buy the btc for me and give you the dollars in ur account easy Tongue )

So, basically I have the bitcoins(seller) someone(buyer) makes offer for the amount of bitcoins I have, we agree, they exchange cash for the bitcoins I have?

Yep pretty much like that , It's pretty safe even if I  don't use exchangers all the time
you still can use Currency Exchange section here on bitcointalk if you feel like tho. just make sure to trade with trusted members or use Escrow to keep things safe for both of you

Possible stupid question. What would I use for escrow for bitcoins?



To avoid being scammed. If you want to buy 10 bitcoins from bob and need to pay him $1000, who will go first if you don't trust him? If you send first he can just run away with the $1000. If you send $1000 to an escrow then bob sends you the 10 bitcoins and the escrow sends the $1000 to bob since the transaction was completed successfully. If bob refuses to send you the 10 bitcoins then the escrow can return your $1000 (instead of bob running away with it).

Escrow list here: https://bitcointalk.org/index.php?topic=855778.0

Okay, I just want to make sure that when I go to sell bitcoins I get from the the casino I play at I don't get screwed.
Rishblitz
Full Member
***
Offline Offline

Activity: 210


View Profile
January 17, 2015, 06:53:24 PM
 #11

they work just like the stock market exchanges
dothebeats
Legendary
*
Offline Offline

Activity: 1246


Hire me as your Morty!


View Profile WWW
January 17, 2015, 07:16:11 PM
 #12

Exchanges work in a very simple way. Here's an example:

I want to buy a lollipop in this price. (say $1) then a dude wants to sell his lollipop for $1. The exchange will act as a medium between us to process the transaction and in return, the exchange will charge fees as the "facilitator" of the deal that occurred between us. Cheesy

Hope that that isn't hard to understand. Smiley

Marcy
Sr. Member
****
Offline Offline

Activity: 252



View Profile
January 17, 2015, 08:04:40 PM
 #13

Exchanges work in a very simple way. Here's an example:

I want to buy a lollipop in this price. (say $1) then a dude wants to sell his lollipop for $1. The exchange will act as a medium between us to process the transaction and in return, the exchange will charge fees as the "facilitator" of the deal that occurred between us. Cheesy

Hope that that isn't hard to understand. Smiley
this good explain
exchange if you sell 1btc on 100$ and im as buyer want buy it 100$ the exchange will do automatic and will charged fees us thats an exsample Smiley
PauloRod
Newbie
*
Offline Offline

Activity: 27


View Profile WWW
January 17, 2015, 08:39:20 PM
 #14

Exchanges work in a very simple way. Here's an example:

I want to buy a lollipop in this price. (say $1) then a dude wants to sell his lollipop for $1. The exchange will act as a medium between us to process the transaction and in return, the exchange will charge fees as the "facilitator" of the deal that occurred between us. Cheesy

Hope that that isn't hard to understand. Smiley

In that example the fee of the exchange must be some part of lollipop, but in that way the deal is not correct, because the object of the deal is lollipop, not the part of it. So i thing that i not a good example.

🚂 Unstoppable Organisation - The Movement DAO
irfan_pak10
Legendary
*
Offline Offline

Activity: 1176


Need Bounty Campaign Manager goo.gl/yAe168


View Profile WWW
January 17, 2015, 08:47:36 PM
 #15

I think above every one explained it well. Exchanges exchange your from from any type to any type. Like if you have btc you can convert them into pz or pp etc.

I think hi op if you got your answer you can lock it

Enjoy

.
|






███
█████
██████
████████
████████
████████
███████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
████████████████████████████████████████
████████████████████████████████████████
████████████████████████████████████████
████████████████████████████████████████
█████████████████████████████████████
███████████████████████████████████
████████████████████████████████
.
|
.
..vDice.
dlc1962
Jr. Member
*
Offline Offline

Activity: 56


View Profile
January 17, 2015, 09:50:05 PM
 #16

I think above every one explained it well. Exchanges exchange your from from any type to any type. Like if you have btc you can convert them into pz or pp etc.

I think hi op if you got your answer you can lock it

Enjoy

I got it. I just wanted to make sure I had it right. What is the best top ten exchanges?
PauloRod
Newbie
*
Offline Offline

Activity: 27


View Profile WWW
January 18, 2015, 04:24:42 PM
 #17

I think above every one explained it well. Exchanges exchange your from from any type to any type. Like if you have btc you can convert them into pz or pp etc.

I think hi op if you got your answer you can lock it

Enjoy

I got it. I just wanted to make sure I had it right. What is the best top ten exchanges?

Depend, what coins do you want to change?

🚂 Unstoppable Organisation - The Movement DAO
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
January 18, 2015, 04:33:45 PM
 #18

They provide a way for buyers to interact with sellers and trade bitcoin in this situation.

https://bit-x.com/pages/about

Buyer want Buy
Seller want Sell

exchanger will be a mediator to both Smiley

complicated.

Rishblitz
Full Member
***
Offline Offline

Activity: 210


View Profile
January 18, 2015, 05:02:12 PM
 #19

Exchanges work in a very simple way. Here's an example:

I want to buy a lollipop in this price. (say $1) then a dude wants to sell his lollipop for $1. The exchange will act as a medium between us to process the transaction and in return, the exchange will charge fees as the "facilitator" of the deal that occurred between us. Cheesy

Hope that that isn't hard to understand. Smiley

exactly the way he said it.
Brewins
Legendary
*
Offline Offline

Activity: 1092



View Profile
January 18, 2015, 05:06:30 PM
 #20

They provide a way for buyers to interact with sellers and trade bitcoin in this situation.

https://bit-x.com/pages/about

Buyer want Buy
Seller want Sell

exchanger will be a mediator to both Smiley


You forgot:

People will send money and Bitcoin.

And the exchange will take part of deposit and trades as fee
Pages: [1] 2 3 4 5  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!