Exchanges - page 5. | Bitcointalksearch.org

Brewins

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Quote from: Bryansamba on January 17, 2015, 11:07:11 AM

Quote from: marcotheminer on January 17, 2015, 10:59:59 AM

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

You forgot:

People will send money and Bitcoin.

And the exchange will take part of deposit and trades as fee

Rishblitz

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Quote from: dothebeats on January 17, 2015, 03:16:11 PM

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.

exactly the way he said it.

LiteCoinGuy

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Quote from: Bryansamba on January 17, 2015, 11:07:11 AM

Quote from: marcotheminer on January 17, 2015, 10:59:59 AM

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

complicated.

PauloRod

newbie

Activity: 26

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Quote from: dlc1962 on January 17, 2015, 05:50:05 PM

Quote from: irfan_pak10 on January 17, 2015, 04:47:36 PM

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?

dlc1962

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Quote from: irfan_pak10 on January 17, 2015, 04:47:36 PM

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?

irfan_pak10

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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

PauloRod

newbie

Activity: 26

Merit: 0

Quote from: dothebeats on January 17, 2015, 03:16:11 PM

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.

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.

Marcy

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Quote from: dothebeats on January 17, 2015, 03:16:11 PM

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.

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

dothebeats

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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. Cheesy

Hope that that isn't hard to understand.

Rishblitz

full member

Activity: 308

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I'm nothing without GOD

they work just like the stock market exchanges

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: marcotheminer on January 17, 2015, 11:24:02 AM

Quote from: dlc1962 on January 17, 2015, 11:17:57 AM

Quote from: Madness on January 17, 2015, 11:10:42 AM

Quote from: dlc1962 on January 17, 2015, 11:09:23 AM

Quote from: geforcelover on January 17, 2015, 10:59:55 AM

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://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778

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.

marcotheminer

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Activity: 2072

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┴puoʎǝq ʞool┴

Quote from: dlc1962 on January 17, 2015, 11:17:57 AM

Quote from: Madness on January 17, 2015, 11:10:42 AM

Quote from: dlc1962 on January 17, 2015, 11:09:23 AM

Quote from: geforcelover on January 17, 2015, 10:59:55 AM

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://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778

dlc1962

newbie

Activity: 56

Merit: 0

Quote from: Madness on January 17, 2015, 11:10:42 AM

Quote from: dlc1962 on January 17, 2015, 11:09:23 AM

Quote from: geforcelover on January 17, 2015, 10:59:55 AM

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?

Madness

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Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: dlc1962 on January 17, 2015, 11:09:23 AM

Quote from: geforcelover on January 17, 2015, 10:59:55 AM

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

newbie

Activity: 56

Merit: 0

Quote from: geforcelover on January 17, 2015, 10:59:55 AM

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?

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

Quote from: Bryansamba on January 17, 2015, 11:07:11 AM

Quote from: marcotheminer on January 17, 2015, 10:59:59 AM

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

You got it!

Bryansamba

full member

Activity: 135

Merit: 100

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Quote from: marcotheminer on January 17, 2015, 10:59:59 AM

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

marcotheminer

legendary

Activity: 2072

Merit: 1049

┴puoʎǝq ʞool┴

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

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

geforcelover

full member

Activity: 168

Merit: 100

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

)

dlc1962

newbie

Activity: 56

Merit: 0

How do exchanges work?

Topic: Exchanges - page 5. (Read 4884 times)