24 hours. 80 views and no one had any insight to add at all.
... I gotta get out of here.... :x
Topic: Bitcoinary and General P2P exchange question (Read 560 times)
So. Yup. Brand new here. Stuck in Newb Hellz.
I am not that new to the BTC however.
Been interested in it as an idea since the beginning. I have collected a few coins along my way.
My questions pertains to places like Bitcoinary (and any other peer to peer trading platform) the question is simple.
Where is the security? Knowing that BTC transactions are not reversible, then I ask what is proper P2P exchange etiquette?
Does the seller usually have the buyer send payment first?
Seller secures payment and then sends BTC to the BTC address given by the buyer?
Are there escrow services for such transactions?
How about USD Cash in the mail.
Or Certified Check?
What is the proper etiquette regarding these type of trans actions?
Does the bitcoinary have its own escrow service in place (I do not think it does)?
Or is all this really just based on the honor system and wanting to avoid "Bad reviews"?
I have coins to sell and want to make sure I do not get taken advantage of. I would really appreciate it if someone could help out and not let me learn the hard way!
Thanks!!!
I am not that new to the BTC however.
Been interested in it as an idea since the beginning. I have collected a few coins along my way.
My questions pertains to places like Bitcoinary (and any other peer to peer trading platform) the question is simple.
Where is the security? Knowing that BTC transactions are not reversible, then I ask what is proper P2P exchange etiquette?
Does the seller usually have the buyer send payment first?
Seller secures payment and then sends BTC to the BTC address given by the buyer?
Are there escrow services for such transactions?
How about USD Cash in the mail.
Or Certified Check?
What is the proper etiquette regarding these type of trans actions?
Does the bitcoinary have its own escrow service in place (I do not think it does)?
Or is all this really just based on the honor system and wanting to avoid "Bad reviews"?
I have coins to sell and want to make sure I do not get taken advantage of. I would really appreciate it if someone could help out and not let me learn the hard way!
Thanks!!!
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