dlc1962 (OP)
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January 17, 2015, 02:57:43 PM |
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How do exchanges work?
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geforcelover
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January 17, 2015, 02:59:55 PM |
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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 )
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marcotheminer
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┴puoʎǝq ʞool┴
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January 17, 2015, 02:59:59 PM |
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They provide a way for buyers to interact with sellers and trade bitcoin in this situation. https://bit-x.com/pages/about
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Bryansamba
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ActionCrypto.com ★ Bitcoin Binary Options
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January 17, 2015, 03:07:11 PM |
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Buyer want Buy Seller want Sell exchanger will be a mediator to both
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marcotheminer
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January 17, 2015, 03:07:58 PM |
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Buyer want Buy Seller want Sell exchanger will be a mediator to both You got it!
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dlc1962 (OP)
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January 17, 2015, 03:09:23 PM |
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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 ) 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?
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Madness
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January 17, 2015, 03:10:42 PM |
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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 ) 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
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dlc1962 (OP)
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January 17, 2015, 03:17:57 PM |
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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 ) 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?
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marcotheminer
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January 17, 2015, 03:24:02 PM |
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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 ) 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 $1000 (instead of bob running away with it). Escrow list here: https://bitcointalk.org/index.php?topic=855778.0
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dlc1962 (OP)
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January 17, 2015, 03:35:22 PM |
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excahnges works very easily ! if i give u example! U are the seller and i m the buyer if u put the selling price of btc 150$ 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 ) 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=855778.0Okay, 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.
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Rishblitz
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January 17, 2015, 06:53:24 PM |
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they work just like the stock market exchanges
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dothebeats
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January 17, 2015, 07:16:11 PM |
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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. Hope that that isn't hard to understand.
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Marcy
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January 17, 2015, 08:04:40 PM |
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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 $1. The exchange will act as a medium between us to process the transaction and in return, the exchange will charge fees as the "facilitator" of the deal that occurred between us. Hope that that isn't hard to understand. this good explain exchange if you sell 1btc on 100$ and im as buyer want buy it 100$ the exchange will do automatic and will charged fees us thats an exsample
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PauloRod
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January 17, 2015, 08:39:20 PM |
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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. Hope that that isn't hard to understand. 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.
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irfan_pak10
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January 17, 2015, 08:47:36 PM |
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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
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dlc1962 (OP)
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January 17, 2015, 09:50:05 PM |
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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?
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PauloRod
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January 18, 2015, 04:24:42 PM |
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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?
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LiteCoinGuy
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January 18, 2015, 04:33:45 PM |
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Buyer want Buy Seller want Sell exchanger will be a mediator to both complicated.
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Rishblitz
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January 18, 2015, 05:02:12 PM |
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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. Hope that that isn't hard to understand. exactly the way he said it.
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Brewins
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January 18, 2015, 05:06:30 PM |
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Buyer want Buy Seller want Sell exchanger will be a mediator to both You forgot: People will send money and Bitcoin. And the exchange will take part of deposit and trades as fee
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