Topic: Would you be interested in buying Amazon vouchers using Cryptocurreny? (Read 202 times)
February 06, 2019, 11:18:31 PM
years back few major exchange gave us a option to buy voucher with crypto,but now as they are not working there are some guys in this thread section who are doing it but i think in order to increase your service your should built some trust around here then only you will get users,there will plenty of buyer here for amazon voucher but you have to gain the trust repo.it is best to have escrower or choose platform like paxful to give your services and dont think of doing many service(different product vouchers) at once first get good hold of this service then progress further.
February 05, 2019, 03:11:15 AM
The fees would be minimal. Say you purchase a Gift Card for Rs. 1000, yoo would have to only pay for 1000 in ETH and probably some fixed cost to cover the Gas other fees. Think of some fixed percentage that is sufficient to cover Gas on Bitcoin, Ethereum, Stellar and a few other networks.
That's great to hear. I have mentioned about localbitcoins because that's where majority of us exchange our bitcoins. So if you can keep the price as close as localbitcoins, that will be great and appealing to many of us. Also to grow the trust factor, try to execute trades with some high ranked members of this forum and ask for a vouch once the trade finishes. All the best!
February 05, 2019, 01:16:56 AM
Since you are planning to start a business with the buyer going first I would suggest going with a trusted escrow. You can find many trusted escrow users here in this forum. First build your reputation as a trusted user and you will clients here other than that it is hard to trust a new user. Good luck with your venture.
Using Escrow services would result in me dealing with 3rd parties and making the entire process lengthy and cumbersome. To assuage the fears of buyers, I would initially start with very low amounts as well which can make them feel safer. As the trust factor grows they can have higher volumes.
1. Are you going to create a website for it or planning to roll out through this forum?
2. What kind of documentation you would require to purchase gift cards using your service?
3. Why only Amazon? You should look to increase the product offering.
If you keep the fees low and as per the market rate of localbitcoins platform, a lot of people will be interested in this. Fees is a very important deciding factor for Indians. So keep that in mind.
To answer your queries:
1. I plan to use the forum and am deciding the flow to make the process as transparent and efficient.
2. No documents required
3. Starting with Amazon. If the response is good, I can expand the inventory.
The fees would be minimal. Say you purchase a Gift Card for Rs. 1000, yoo would have to only pay for 1000 in ETH and probably some fixed cost to cover the Gas other fees. Think of some fixed percentage that is sufficient to cover Gas on Bitcoin, Ethereum, Stellar and a few other networks.
February 04, 2019, 05:09:53 PM
To increase the real life usage of cryptocurrency, I am thinking of starting a service on Bitcointalk where people can pay using their coins and get Amazon India Gift Vouchers in exchange. The service will support probably 5-6 top coins to make it inclusive of variety of options available. Would the Indian audience be interested in such a servie on the forum?
P.S. The buyer would have to go first
P.S. The buyer would have to go first
Why not? It will help people like me to directly use cryptos for real life purchase without having to convert into fiat. However, I have some question,
1. Are you going to create a website for it or planning to roll out through this forum?
2. What kind of documentation you would require to purchase gift cards using your service?
3. Why only Amazon? You should look to increase the product offering.
If you keep the fees low and as per the market rate of localbitcoins platform, a lot of people will be interested in this. Fees is a very important deciding factor for Indians. So keep that in mind.
February 03, 2019, 05:28:03 PM
To increase the real life usage of cryptocurrency, I am thinking of starting a service on Bitcointalk where people can pay using their coins and get Amazon India Gift Vouchers in exchange. The service will support probably 5-6 top coins to make it inclusive of variety of options available. Would the Indian audience be interested in such a servie on the forum?
P.S. The buyer would have to go first
Since you are planning to start a business with the buyer going first I would suggest going with a trusted escrow. You can find many trusted escrow users here in this forum. First build your reputation as a trusted user and you will clients here other than that it is hard to trust a new user. Good luck with your venture. P.S. The buyer would have to go first
February 02, 2019, 05:40:24 AM
To increase the real life usage of cryptocurrency, I am thinking of starting a service on Bitcointalk where people can pay using their coins and get Amazon India Gift Vouchers in exchange. The service will support probably 5-6 top coins to make it inclusive of variety of options available. Would the Indian audience be interested in such a servie on the forum?
P.S. The buyer would have to go first
P.S. The buyer would have to go first
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