Topic: Is it safe to buy using Bitcoin - page 2. (Read 1505 times)
In my opinion if buying using bitcoin is safe but depends on what you want to buy and on which site you want to buy goods or buy other equipment, and if you want to buy something with bitcoin, you better check the seller's site with details on which site is safe and which sites are not safe. If you find a site that is a little suspicious, it's better if you don't buy it with your bitcoin.
Using bitcoin for purchase payment is good but we have choose trusted website, but if you see with website low trusting you have use other digital payment like PayPal or Payza, why I ask you use both digital currency payment because when you got not trusted website you can dispute or get back your money if use paypal.
Bitcoin transactions are not reversible. That is why you need to be cautious when doing such, but that doesn't mean it isn't safe to use bitcoin in buying something. It is like buying using your fiat money, you need to be cautious also in buying especially online because it might be a scam. The point is even it is a fiat money or bitcoin, people both need to be cautious in buying online.
Scammer paradise? hmmm not really, in crypto world you are the only one can be responsible for your actions you made the decision without doing your own research, it is like trusting random guys to hold your bag of money.
Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something.Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
Cryptocurrency is actually very dangerous. There is no return when you make a payment. If you are going to buy mining equipment, bitmain is the best option for you. Other than that, when buying bitcoin, certainly do not look for the cheapest seller, look for the most reliable. I would suggest coinbase for that too. Always safety first. Always double check. Dont forget them.
I actually use cryptos in the exchanges, for example I buy BTC in Localbitcoin and send them to Tradesatoshi, with those BTC I trade for other currencies that can give me profits and then send them from tradesatoshi to Localbitcoin, to exchange them for fiat money if I need them Of course I send the profits only, my capital is still changing to win, it is simple, investments must be made very carefully, luck for the next time.
It is really safe to buy bitcoin, the only thing that you need to be aware of are the scammers who actually taking advantage of other people just to get your money. This is actually natural in here but still, we should be aware of every transaction that we make. We should know who they are, for example you want to invest some money into a project, you should know the manager and the team itself for you to secure your own money. And you can also check some of their Infos by checking the reviews of other people to them or you can also check the whitepaper of the project.
First, you need to check the website if it is legit. Does the company exist?
Paying bitcoin over the internet is really dangerous and there is no refund on your funds.
Using a credit card is also wrong, If the site is a scam then they will have your information and also you lose the funds.
Scammers do exist and like to stay due to a person like you who trust them quickly.
Paying bitcoin over the internet is really dangerous and there is no refund on your funds.
Using a credit card is also wrong, If the site is a scam then they will have your information and also you lose the funds.
Scammers do exist and like to stay due to a person like you who trust them quickly.
Unfortunately in the country where I live I have not found a purchase using bitcoin, and therefore I do not know the certainty of the level of security for making purchases using bitcoin.
and I make purchases using the bitcoin exchange method with my country's fiat currency to be able to use any purchase or payment.
and I make purchases using the bitcoin exchange method with my country's fiat currency to be able to use any purchase or payment.
i don't think there should be any issue while using bitcoin for purchasing, just make sure the source is authentic and don't look like a spam page.
He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something.
Buying without research and feedback provided by other buyers on the reputation of the website is a mistake. I confirm that, because without a good reputation status we don't know that they are scammers. At cryptocurrency I think people should use an escrow service to secure and expedite transactions, because maybe many scammers find it easier to get money through crypto. Scammer paradise? hmmm not really, in crypto world you are the only one can be responsible for your actions you made the decision without doing your own research, it is like trusting random guys to hold your bag of money.
Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
He made wrong mistake with payment purchase and I think is not fair to fault bitcoin as his payment transaction, he made payment with low trusted website and never asking about website at the public, you have check how many transaction there before, did you get transaction proof there or not, without have feed back from other buyer better never buy something. Maybe that is one PROs of the bank, because they transact so slow that sometime takes a week you can still cancel unless they already send the payment to another account.
When it come t o bitcoin transaction everything will depend on you, thats why we always say you own a bank. there is no way you can reverse bitcoin transaction so my advise for you is that when ever you want buy something using bitcoin i have so more research to make sure you are on the right source..
I'm sorry for your loss, but lesson learned, next time when using crypto or any other payment method you need to do your researches if the website is legit or not , even if you were paying with your credit card or PayPal you still losing money, thats sounds better to use PayPal and Open a case later , but if your order was a $1M order, you wait 10 days order not received and you open a case and wait for PayPal to verify and wait for seller reply. the thing to do is to avoid all shady websites. stay with trusted ones.
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if there is nothing that I can do, then it is obvious that using cryptos is a scammers paradise because there is no protection to buyer (that I know),
well the buyers can simply do a quick google search and find reviews of the merchants that they are trying to use. specially when it is a website that is selling mining hardware! when you find negative reviews or in this case nothing at all (since it is apparently brand new) that should raise some red flags for you to not use them.since this website has the word "antminer" in it, you can contact the real company's website (https://www.bitmain.com/) and ask whether they have any kind of affiliation with antminerusa.com, this site may simply be abusing their brand name to scam people.
the protection that you as a buyer could use is an escrow which at its simplest way can be a 2 of 2 multi signature address between you and the merchant but the best way is to use a third party who has no stakes with either side and do a 2 of 3 multi sig.
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unless there is a way to introduce the complain in the chain in order to reverse payment.
sorry, bitcoin transactions are not reversible.
Depends on what website you make the purchase but most of them are safe and you can use them without problems. I have bought with Bitcoin a lot of games until now or I even paid bills on my local grocer store who accepts bitcoin at this MINI ATM. I hope in the next years we can buy more and more things from top websites and we can have a huge gamma of products from when we can choose.
I don't know how things are in Asia or America but in Europe you can buy a lot of things with Bitcoin and even ethereum and in my country in some city you can already pay your bus with crypto which is super nice for those who are students.
I don't know how things are in Asia or America but in Europe you can buy a lot of things with Bitcoin and even ethereum and in my country in some city you can already pay your bus with crypto which is super nice for those who are students.
In some countries, you just can own BTC, but are not allowed to use BTC in trading or buying anything.
So if you use bank internet account to buy or sell BTC, you will have problem with police
So if you use bank internet account to buy or sell BTC, you will have problem with police
You should've researched about the site or you can even post this through a post in this forum asking if that is a legit site. And your title is misleading btw.
I'm sorry to say this but you can't now have the chance to reverse the wrong in your transaction. Since transaction in bitcoin is irreversible. To answer your topic question, yes it is safe to buy with bitcoin. But, be sure that the site is trustworthy so that no issue will occur.
I'm sorry to say this but you can't now have the chance to reverse the wrong in your transaction. Since transaction in bitcoin is irreversible. To answer your topic question, yes it is safe to buy with bitcoin. But, be sure that the site is trustworthy so that no issue will occur.
This incident is straight to your fault, At first, you have to justify very carefully about the reviews and feedback though nowadays reviews are being created by hired people. whatever when you got faced such an incidence then it might be your fault because of that website chose by you and the payment system is not taking any responsibility to carry out the blame of any website. You know a lot of people are being involved in paying Bitcoin around the world, Yeah it's true this Bitcoin transaction can't reverse and it's the limitation of Bitcoin so far. I think Bitcoin is doing well and it's getting accepted in many platforms, so your experience doesn't reflect on it and you are responsible for your deeds.
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