Sell bitcoin with moneygram global funds transfer exchange

Sell bitcoin with moneygram global funds transfer exchange

Crypto currency exchange firm express trading center and marketplace sell bitcoin with moneygram global funds transfer btc to MG cash your business partner
submitted by farazkhanniazi to u/farazkhanniazi [link] [comments]

Sell bitcoin with moneygram global funds transfer exchange

Crypto currency exchange firm express trading center and marketplace sell bitcoin with moneygram global funds transfer btc to MG cash your business partner
submitted by farazkhanniazi to u/farazkhanniazi [link] [comments]

Sell bitcoin with moneygram global funds transfer exchange

Crypto currency exchange firm express trading center and marketplace sell bitcoin with moneygram global funds transfer btc to MG cash your business partner
submitted by farazkhanniazi to u/farazkhanniazi [link] [comments]

Bitcoin to MoneyGram - Exchange Bitcoin Cashout MoneyGram

Bitcoin to MoneyGram - Exchange Bitcoin Cashout MoneyGram submitted by jontivu007 to u/jontivu007 [link] [comments]

Bitcoin Discussion • perfect money to moneygram I was exchanging PM to WM,

submitted by btcforumbot to BtcForum [link] [comments]

Referral Links • EXCHANGE PAYPAL TO BITCOIN MONEYGRAM WESTERN UNION PERFECT MONEY

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Western union and MoneyGram exchange

Bitcoin Western union and MoneyGram exchange submitted by us88888 to u/us88888 [link] [comments]

Thinking about writing an alternative exchange to MtGox. What are necessary pieces of a bitcoin exchange. What EXACTLY does MTGOX exchange do (what is done by thrid parties like moneygram) and what is needed to replace it?

Thinking about writing an alternative exchange to MtGox. What are necessary pieces of a bitcoin exchange. What EXACTLY does MTGOX exchange do and what is needed to replace it?
For example does it merely take inputs of bid and ask prices from people signed into Mtgox?
Does it actually do matching of buyers and sellers and send a message to each that their transaction has been completed?
Does it actually receive/take currency such as us dollars in an account somewhere and retransfer it to a seller or does it merely acknowledge the payment of currency to a bitcoin seller via a third party like zipzap via moneygram?
What other pieces does MtGOx actually do besides provide graphs of trading activity?
submitted by GWtech to Bitcoin [link] [comments]

¿Es posible depositar dinero de criptomonedas como Bitcoin a una cuenta bancaria en Honduras?

Tengo bastante familia en Honduras y desde que primero escuche de Bitcoin me he preguntado si uno lo podría utilizar para enviar remesas a un costo muy por debajo de Western Union, Moneygram, etc. pero desafortunadamente todavía no miro ningún servicio de envió de crypto que funciona para enviar a Honduras (para México y otros países parece que ya existen varios).
Así que mi pregunta es si alguien sabe si es posible conectar una cuenta de banco hondureño a alguna plataforma de intercambio ("exchange" en ingles) o cartera de criptomonedas? Por ejemplo aquí en los Estados, uno puede sacar bitcoin de su cartera de crypto y depositar el valor equivalente en dólares a su cuenta bancaria. Sería posible hacer lo mismo en Honduras (sea con cuenta de lempiras o dolares)?
submitted by techfz to Honduras [link] [comments]

I am the creator of BitcoinDuLiban.org. I am on a mission to educate Lebanese about the importance and usefulness of Bitcoins in their lives. AMA

What is Bitcoin?

Bitcoin (₿) (ticker BTC)is an open source cryptocurrency. It is a decentralized cryptographic currency without a central bank or single administrator in control that can be sent from user to user on the peer-to-peer bitcoin network without the need for 3rd person in between like bank, or payment processor or institution all transaction processing and verification is carried out collectively by the network.
Find out more at http://www.bitcoinduliban.org/

Why Bitcoin is the future?

Bitcoin emerged in 2009 as more economies across the world started losing trust in the current banking model. Institutions that have been around longer than ourselves have changed very little throughout our lifetime. Not only does the lack of trust, and stagnant change of banks allow Bitcoin to thrive, but also the possibility of eliminating inflation. Bitcoin saw the opportunity to take the power out of the institutions and provide a better service, and the people responded. Bitcoin operates universally, meaning for the first time, there is a possibility of a global currency. With truly international currency possibilities for global economic growth, social equality, self-sovereignty is endless.

Why Bitcoin and not others?

It is a very good question, there at the moment of writing over 2000 projects and “coins” that emerged after Bitcoin. Many of them claim to be faster, better and more flexible than Bitcoin however very few have withstood the test of time or delivered their proposed product. The basic fundamentals of Bitcoin’s principle monetary policy are unprecedented, and by now, it is impossible to replicate its level of decentralization or network security, which is powered by a computer network as powerful as almost 12 trillion Intel Core i7 processors. Bitcoin also has the largest social / community strength. I would HIGHLY advise against investing or getting dragged into any project that claims superiority, I have single rule : if it says it's better than Bitcoin then its what we call “scam-coin” you will only get pulled in and lose your bitcoin/usd value causing a lot of pain and sadness . Sit down, read, learn and be patient, you will not miss out on anything over night and if something is rising in price quickly most likely it will crash as fast.

Does bitcoin have an applicable use in daily life or is it only for holding for future gains?

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds, you can use your Bitcoin at but not limited to : KFC, Burger King, Microsoft, AT&T , Expedia, Subway, Twitch, Virgin Galactic and many more just look it up. You can look up merc and services at https://spendabit.co/ So if you are living abroad, you can use your bitcoin just like any other known currency in addition there are Debit cards in collaboration with VISA network offers that are backed by Bitcoin making you able to pay with it anywhere in the world just with a swipe or tap.

As Lebanese in Lebanon, how can I buy or sell bitcoin ?

In Lebanon unfortunately we can not use our banking system to purchase bitcoin, there was a time where rain.bh an UAE based exchange was accepting Lebanese Cards, till it was stopped but give it a try we weren’t able to confirm all cards.
Therefore most common way to buy bitcoin in lebanon is using P2P which is person to person exchange, this can be through an international website such as localbitcoins.com or hodlhodl.com , all you gotta do is find a sell offer initiate transaction with seller , send him his payment using WesterUnion or Moneygram and once the seller receives payment your bitcoins will be released but make sure you use escrow service which ensures safety of your transaction therefore bitcoins you are buying are frozen for the seller and he can not retrieve them unless you fail to pay or run out of time window to pay. Another p2p way is through local bitcoin communities , there are plenty of traders willing to exchange with you however always ask for the reputation of the seller inside a group and never respond to private messages unless it is a confirmed reliable trader just to avoid losing and being scammed. Feel free to find out more about how to buy in Lebanon at http://www.bitcoinduliban.org/

If I have a bank account outside Lebanon, can I use bitcoin to transfer money from Lebanon to my bank account outside?

It is possible to transfer Bitcoin to an international account in the USA or EU for example, you would need to use recognized exchanges such as coinbase.com kraken.com and many others. It would be as simple as sending BTC to your coinbase account, converting to USD and withdrawing it to your account. However you must take few precautions, if you are sending a significant amount of BTC and converting it to USD you will need some kind of proof that these funds are yours otherwise you might get investigated for money laundering. So is it convenient to send ? I do not think so, if you managed to get what we call now in Lebanon “ Fresh USD” it would be much less of a hassle to simply initiate an international transaction.

Why would I want to send Bitcoin to my family or friends in Lebanon ?

This is where I believe BTC can shine for us, you can use exchanges as coinbase,kraken or any prefered place to purchase some bitcoin that can be transferred to your family wallet within minutes. Your family or friends can exchange bitcoin or part that is needed with local traders to LBP at desired exchange rate therefore you are not forced to exchange at rates given by WesterUnion, after which they will be able to do their daily purchases and mitigate inflation rates to some extent. You can send as little as $1 and the transaction costs less than $1 for any amount.

Why is the Bitcoin price so volatile ?

Indeed it can be, sudden swings of 20% both ways are considered normal if you look at daily data, however bitcoin since 2009 had only one trend which is upward, 80% chance is if you bought BTC at any moment in past 2 years is that you are on break even or positive not loss. Feel free to try this exercise by going to https://dcabtc.com/

Should I invest?

NO. Now since we got the short version of this, let me elaborate. By the end of the day it is a new class of an asset, the price is still in the discovery phase and it could cause a lot of pain and sleepless nights if you invest more than you can chew to possibly lose. No one can advice you what to do with your money and how to position them, however i highly encourage to read, educate yourself on money before investing in BTC a good start would be https://bitcoinduliban.org. Please ask more knowledgeable bitcoin users and double check sources , once you feel confident enough that you understand this monetary system you can try dipping your toes with small amounts and build your position from there. Just stay away from quick gains schemes such as “online mining” “cloud mining” and anything that offers 100% returns in a very short time, if it's too good to be true then it's a scam.

Scams, BE AWARE.

Due to our difficult situation we are being targeted by constant advertisement of potential new solutions using “newly developed cryptocurrencies“ , unfortunately such new technology does not exist and they are trying to take advantage of us by promising fake solutions.
Even Bitcoin can not provide you with a solution to your hard worked money being inaccessible in any Lebanese bank.
Here are few typical scam msgs:
submitted by marceldy to lebanon [link] [comments]

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?
In the past few months, payment giants Visa, Mastercard and PayPal have radically changed their attitude towards cryptocurrencies and blockchain technology, announcing their intention to integrate crypto payments into their systems. It is about the process of global adoption of crypto-innovation in the world of traditional finance.

Visa experience

On March 16, 2018, Visa CFO Vasant Prabhu criticized cryptocurrencies, including bitcoin, stressing that these assets are a bubble. Then Bitcoin was worth $8,300.
On July 22 of this year, when the first cryptocurrency rose to $9,360, a message appeared on the official Visa blog with a completely different message entitled “Developing our approach to digital currency.” In this post, the company revealed that its partnership with two regulated crypto platforms, Coinbase and Fold, is part of a corporate strategy to integrate digital currencies into its payment system, reaching 61 million retailers. In its message, the company highlighted the importance of stablecoins, which “have stepped outside the fintech sphere,” and now include a number of financial institutions and central banks in their ecosystem.
From the message of the payment giant it became known that “more than 25 digital wallets have linked their services to Visa.” Visa also noted that these 25 crypto service providers will be able to leverage the payment giant’s full range of capabilities, including the Visa Direct option and the FastTrack platform. It is worth noting that the corporation also supported financially the company Anchorage, which is studying the issues of cybersecurity of cryptocurrency ecosystems. Visa says the company’s main goal is “to continue to do what we do best: develop our system, supporting new forms of commerce.”
On July 28, at a meeting with investors, in which Vasant Prabhu took part, it was said in detail that Visa sees great potential for its own development in the growing popularity of e-commerce and digital payments. It was also mentioned about the corporate payment system Visa B2B Connect, which is designed to perform international financial transfers without the help of the usually slow correspondent banking network.

Mastercard experience

A similar evolution is taking place before our eyes with Visa’s competitor — Mastercard payment system.
So, on July 26, 2018, the CEO of Mastercard, Ajay Banga, compared cryptocurrencies to things that are thrown into the trash. However, two years later, the payment corporation has largely changed its approach to cryptocurrencies. On July 20, it became known that Mastercard has signed an agreement with the Wirex cryptocurrency company. This financial startup allows you to buy and sell cryptocurrencies for fiat money. Since last month, Wirex has become a member of the Mastercard ecosystem with the right to independently issue cards from this payment giant. We will remind that earlier, in February of this year, a similar decision was made by the Visa corporation in relation to the Coinbase crypto exchange.
Moreover, Mastercard intends to launch a special program to support other crypto companies. As Raj Damodaran, Executive Vice President of Digital Assets, Blockchain Products and Partnerships, Mastercard explained, “The crypto market continues to evolve, and the corporation is helping to advance it by providing reliable and secure services for individuals and companies in the modern digital economy.

PayPal experience

Another payment giant, PayPal, has long been silent about any intention to integrate cryptocurrencies into its structure. However, on July 14, a letter from the corporation to officials of the European Commission was published in the media, where PayPal admitted that it is actively developing applications using cryptocurrencies.
The number of PayPal users worldwide exceeds 300 million people, and the company operates in Europe thanks to its banking and payment services license obtained in Luxembourg. In total, the PayPal payment service is represented in 31 European countries, where the company serves 95 million merchants and retail consumers. It is worth noting that PayPal, along with Visa and Mastercard, was previously part of the Swiss Libra Association, which is implementing Facebook’s crypto project to launch the Libra stablecoin.
The fact that PayPal is developing a roadmap for integrating its own payment crypto services is also clearly demonstrated by the announcement of the recruitment of members of the blockchain technology research team, which requires a senior research engineer. This specialist will be responsible for “development, creation and maintenance of key crypto products / services that will be focused on increasing the efficiency and scale of services provided by PayPal.” Information about the open vacancy appeared at the end of June.
PayPal does not deny its interest in the cryptosphere, but has not yet confirmed information about the development of certain crypto applications or services, for example, based on the Venmo mobile application, which is affiliated with the payment giant.

Who will be the leader in this race?

Nevertheless, crypto market players themselves are actively looking for ways to integrate with PayPal. This is illustrated by the example of blockchain company Pundi X, which integrated PayPal support for its Xpos merchant device on July 1.
Another player in the crypto industry, the fintech company Ripple, has not only supported the classic payment operator MoneyGram by buying 10% of its share capital and investing a total of $50 million, but continues to invest in the integration of cryptocurrencies into this service. Following the results of the second quarter, Ripple transferred $15.1 million to MoneyGram. It is curious that in June another payment operator, Western Union, became interested in the innovative successes of MoneyGram, which is considering buying a competitor. It is worth noting that back in January this year, experts from Credit Suisse Bank published a report in which they noted Western Union’s interest in blockchain technology and Ripple’s payment innovations.
The competition for the integration of cryptocurrencies into the services of payment operators is becoming more and more intense. And one of the main participants in this race was the People’s Bank of China with a digital yuan project. At the same time, in January, even before the aggravation of relations between the United States and China, American PayPal became the first foreign payment operator to officially enter the Chinese market after acquiring a local player GoPay.

The next development step is neobanks

Meanwhile, a number of fintech startups are engaged in the integration of cryptocurrencies into financial services, which can potentially challenge all of the above organizations, including the People’s Bank of China with its digital yuan.
Jack Dorsey’s Square company was able to receive revenue from operations with bitcoins in the amount of $306 million in the first quarter of this year. This cryptocurrency service was launched back in 2018, but only in 2020 saw a significant increase in financial indicators. At the same time, since March, through the Square Financial Services division, Jack Dorsey’s company has been able to provide services as a digital bank.
Another fintech giant, Revolut US, with the support of crypto company Paxos, began offering cryptocurrency trading services in all US states on July 15, with the exception of Tennessee. Curiously, traditional financial service providers are also interested in a new partnership with the cryptocurrency “unicorn”. So, on June 20, the international company Revolut announced that it was integrating American Express services for its customers.
In the case of Square, Robinhood and Revolut, this is not just about trading services, which are provided by various crypto exchanges. After all, all these companies are de facto neobanks — digital financial organizations that have every opportunity to integrate cryptocurrencies into their services, thanks to various partnerships. And the range of possibilities of such neobanks is much higher than that of traditional payment giants.
That is why in the near future we will witness how Visa, Mastercard and PayPal will actively explore the possibilities of buying or investing in a ready-made cryptocurrency infrastructure. These corporations are entering the crypto world, as it is increasingly becoming a matter of their survival in the rapidly changing global financial system.
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submitted by Smart_Smell to Robopay [link] [comments]

New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin

The New Zealand stock exchange has halted trading for the third day in a row as a result of criminal cyberattacks.
According to a report by Bloomberg on Thursday, the NZX exchange has suffered connectivity issues leading to a series of outages that were the result of targeted disruption by bad actors from outside the country.
The criminals are demanding bitcoin in order to cease the distributed denial-of-service (DDoS) attacks, which flood the bandwidth of a particular system with traffic and rendering it slow or unusable.
The exchange suffered outages during the last hour of trading on Tuesday and again for over three hours on Wednesday.
Today’s outage has yet to be resolved, according to Bloomberg.
According to another report by ZDNet, the attacks may be directed by a criminal cyber gang using monikers including Amada Collective and Fancy Bear that belong to more famous hacker groups.
Specifically, the attackers have been targeting the exchange's hosting service Spark, demonstrating a level of sophistication by regularly changing the protocols involved.
Over recent weeks, the group has tried to extort bitcoin from other well-known financial services including PayPal, MoneyGram, YesBank India, Braintree and Venmo.
Originally published by Sebastian Sinclair | August 27, 2020 coindesk
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

Litecoin to USD Exchange Rate

Litecoin to USD Exchange Rate
When exchanging in Bitcoinsxchanger, you should still be assured that rates are decided only by the market. It is your decision, whether you exchange LTC to USD or some other combination, investors are the only ones that decide the price. Striving for complete accountability, we have created a platform where the market is the only variable that affects the price of the LTC. And surely there are many investors who need to exchange Litecoin for fiat currency, particularly the US Dollar, as the dollar is known to be one of the most secure and safe currencies in the world. Cryptocurrency Trading Platform offers to the exchange LTC for USD rate comfortably, instantly, and safely! Such an exchange is processed instantly, so you'll get your USD right after you visit our site.
Withdraw Litecoin To Cash
It is very clear if you use Litecoin for any kind of purchase. This would quickly become a replacement for fiat currencies, such as US dollars, which would no longer be required. The belief that Litecoin will ultimately overtake fiat currencies is the explanation that so many people are interested in Litecoin right now. If you want to withdraw litecoin in cash, you can easily convert it with us. At present, though, the fact is that very few businesses or individuals would accept payment in Litecoin. That's one purpose you may want to convert your LTC to cash — so that you can use the value of your Litecoin to buy the real stuff. Another specific reason for withdrawing LTC to cash or bank accounts is to cash out Litecoin at times when the market is in decline. If you think Litecoin 's price is going to keep sinking and you want to protect yourself from withdrawals, it makes profit by selling Litecoin to instant cash when you're waiting for the Litecoin price to recover.
Ways to Withdraw Litecoin To Cash
In order to convert Litecoin into cash, e.g. litecoin to Payoneer wallet, Moneygram cashout, litecoin to PayPal or withdraw litecoin to a bank account, and even by cash deposit! You will withdraw Litecoins to cash from a broker and peer-to-peer exchange. However, there are a number of factors that need to be considered when 'cashing out' Litecoin, such as:
The currency you want to exchange the Litecoin for the preferred method of receiving the exchanged funds Both of the above-mentioned modes of exchanging Litecoin have both benefits and disadvantages: the easiest form of withdrawing litecoin to cash is our Bitcoinsxchanger.

LITECOIN TO USD CONVERTER
Litecoin (LTC) is reaching the front stage of the cryptocurrency industry as a reliable competitor to Bitcoin. An increasing interest is being noticed in the community in LTC to USD converter and vice versa While hundreds of different cryptocurrency exchanges now exist that allow you to purchase, buy or sell Litecoin, hardly any of them accept PayPal. As a result, there is no easy way to buy Litecoin with PayPal. Next, you'll need to buy Bitcoin using your PayPal account, and then exchange Bitcoin for Litecoin on an exchange. But don't worry, we're going to lead you through the steps. Here we're going to discuss two different sites that accept PayPal to explain how they both work.

Bitcoinsxchanger: Best Exchange Company
We have the best rates. Only start your exchange right now. The step-by-step guides should help you through the method of selling bitcoin on Bitcoinsxchanger. Sign up and follow the necessary steps to verify the account, etc. Coins are added to the account instantly and may be withdrawn immediately.

https://preview.redd.it/s4f11f15v4j51.jpg?width=780&format=pjpg&auto=webp&s=613d56443abf686f8b6e5234d63023915bd04bdb
submitted by maskanali to u/maskanali [link] [comments]

US authorities grab a dangerous criminal connected to drug cartels as he tries to cross the border from Mexico into the US. That is why Americans need a wall.

US authorities grab a dangerous criminal connected to drug cartels as he tries to cross the border from Mexico into the US. That is why Americans need a wall. submitted by jstolfi to Buttcoin [link] [comments]

Πως οι νέες τεχνολογίες μπορούν να περιορίσουν μία οικονομική κρίση

Βλέπουμε τελευταία πως τα χρηματιστήρια, ειδικά της Αμερικής, ανθίζουν. Οι δείκτες Dow Jones και S&P 500 βρίσκονται σε ιστορικά υψηλά. Και μετά από αυτά τα νέα, παρατηρώ ότι ξανφικά πολλοί ξέχασαν τι γίνεται πέρα από τη χρηματιστηριακή αγορά. Τι συμβαίνει όμως στην παγκόσμια οικονομία;
Στο πρώτο μισό του 2019, το παγκόσμιο χρέος αυξήθηκε κατά 7,5 τρισ. δολάρια με το συνολικό χρέος να αγγίζει τα 250 τρισ. και αναμένεται να ξεπεράσει τα 255 τρισ. μέχρι το τέλος του έτους. Αυτό είναι περίπου το 330% του παγκόσμιου ΑΕΠ. Το χρεός των Η.Π.Α. ξεπέρασε τα 23 τρισ. δολάρια ενώ η οικονομική ανάπτυξη επιβραδύνεται παγκοσμίως και αναμένεται να επιβραδυνθεί ακόμη περισσότερο το 2020.
Άρα, υπάρχει κάποιος λόγος να χαίρεται κάποιος για την άνοδο αυτή του χρηματιστηρίου; Μήπως η αγορά αντιδρά υπερβολικά και έχει δημιουργηθεί μία φούσκα που αργά ή γρήγορα θα σκάσει; Σύμφωνα με τα στοιχεία, το πιο πιθανό είναι πως ναι.
Η ομοσπονδιακή τράπεζα των Η.Π.Α. ξεκίνησε και πάλι την ποσοτική χαλάρωση, χωρίς βέβαια να την ονομάζει έτσι, και τα περιουσιακά της στοιχεία αυξήθηκαν κατά 261 δισ. δολάρια σε μόνο 2 μήνες, ξεπερνώντας έτσι τα 4 τρισ. δολάρια.
Τι έχει αλλάξει σε σχέση με το 2008;
Αυτό που έχει αλλάξει σε σχέση με πριν την παγκόσμια οικονομική κρίση του 2008, είναι πως πλέον οι περισσότερες ιδιωτικές τράπεζες απαγορεύεται να δημιουργούν χρήμα μέσω του τραπεζικού συστήματος κλασματικών αποθεμάτων (Fractional reserve banking) που τους επέτρεπε να κρατούν μόνο ένα κλάσμα/ποσοστό των καταθέσεων και να δανείζουν τα υπόλοιπα. Έτσι, η Fed πρέπει πλέον να το κάνει μόνη της. Τα καλά νέα σε αυτό είναι ότι πλέον δεν χρειάζεται να εμπιστευόμαστε τον ιδιωτικό τομέα, που προκάλεσε την παγκόσμια κρίση του 2008, μήπως το παρακάνουν από την υπερβολική απληστία τους. Τα κακά νέα είναι πως πλέον δεν καθορίζει η αγορά την ζήτηση και την προσφορά χρήματος, αλλά μία μικρή ομάδα ανθρώπων στη Fed η οποία θα πρέπει να μην τα θαλασσώσει. Δηλαδή, πάμε από ένα αποκεντρωμένοο ελαττωματικό σύστημα, σε ένα κεντροποιημένο ελαττωματικό σύστημα, καθώς έχει αποδειχτεί πως μία μικρή μερίδα ατόμων δεν μπορεί να λύσει τόσο πολύπλοκα και σημαντικά οικονομικά θέματα.
Πριν την κρίση του 2008, οι ρυθμιστικές αρχές εμπιστεύονταν τις τράπεζες όσον αφορούσε την επαρκή ρευστότητα που θα έπρεπε να έχουν. Αυτή αποδείχτηκε λάθος στρατηγική μετά την αποτυχία και την κατάρρευση αρκετών τραπεζών, όπως η Lehman Brothers. Μετά από αυτό, οι ρυθμιστικές αρχές απαιτούν από τις τράπεζες να κρατάνε ένα μεγάλο ποσό σε καταθετικούς λογαριασμούς άλλων τραπεζών παγκοσμίως και έτσι να γίνονται οι συναλλαγές, έτσι ώστε να μην δημιουργηθεί ξανά πρόβλημα και έλλειψη ρευστότητας. Αυτό δημιουργεί ένα μεγάλο πρόβλημα. Παγιδεύονται, στην ουσία, τρισεκατομμύρια δολάρια ανά τον κόσμο για να υπάρχει επαρκή ρευστότητα, ενώ θα μπορούσαν να χρησιμοποιηθούν αλλιώς και με πιο παραγωγικούς τρόπους για την τόνωση της παγκόσμιας οικονομίας. Πως, όμως, θα μπορούσε να γίνει κάτι τέτοιο;
Ένα παράδειγμα θα μπορούσε να είναι η Ripple, η κορυφαία εταιρία blockchain αυτή τη στιγμή με έδρα το Σαν Φρανσίσκο όπου φτιάχνει λογισμικό για τα χρηματοπιστωτικά ιδρύματα, βασιζόμενο στην τεχνολογία blockchain. Στόχος της εταιρίας είναι να διορθώσει το τωρινό σπασμένο και απαρχαιωμένο χρηματοπιστωτικό συστημα με στόχο τις συναλλαγές σε δευτερόλεπτα, με πολύ χαμηλότερα κόστη και μεγαλύτερη διαφάνεια και ασφάλεια. Ήδη πάνω από 300 χρηματοπιστωτικά ιδρύματα χρησιμοποιούν το λογισμικό της, με κάποια μεγάλα ονόματα όπως Santander, Bank Of America, Moneygram, American Express και άλλες. Η εταιρία, επίσης, χρησιμοποιεί και το ψηφιακό νόμισμα XRP για να βοηθήσει στο παραπάνω πρόβλημα.
Τι είναι όμως το XRP και πως μπορεί να βοηθήσει;
Το XRP είναι ένα ψηφιακό νόμισμα και είναι κυρίως σχεδιασμένο για να «γεφυρώσει» τα διάφορα νομίσματα που υπάρχουν στον κόσμο. Με συναλλαγές σε 3 δευτερόλεπτα, με το κόστος να είναι κάτω τους ενός σεντ, με το σύστημα του να είναι πιο αποκεντρωμένο, ασφαλές κα φιλικό προς το περιβάλλον σε σχέση με το Proof of Work του Bitcoin, θα μπορούσαμε να πούμε πως είναι το Bitcoin 2.0. Το XRP ήδη χρησιμοποιείται από μερικά χρηματοπιστωτικά ιδρύματα όπως η Moneygram η οποία προς το παρόν το χρησιμοποιεί για συναλλαγές δολαρίου-πέσο μεξικού, κατέχοντας το 10% της συγκεκριμένης αγοράς και πρόσφατα ανακοίνωσε πως θα επεκταθεί και σε άλλες αγορές αφού είδε μεγάλη επιτυχία με το XRP. Πως όμως δουλεύει αυτό; Η Ripple έχει δημιουργήσει το λογισμικό με όνομα On-Demand Liquidity και αυτό που κάνει είναι να συνδέει τα χρηματοπιστωτικά ιδρύματα και να γίνονται συναλλαγές μέσω του XRP. Για παράδειγμα στη περίπτωση της Moneygram, ας πούμε πως ένας πελάτης στις Η.Π.Α. έχει 100 δολάρια και θέλει να στείλει τα χρήματα πίσω στην οικογένεια του στο Μεξικό σε πέσος μεξικού. Αυτό που γίνεται αυτόματα μέσω του λογισμικού είναι αγορά των XRP από αμερικανικό exchange με τα 100 δολάρια που διαθέτει η Moneygram, μεταφορά των XRP σε 3 δευτερόλεπτα σε Μεξικάνικο Exchange, πώληση των XRP σε πέσος μεξικού και τέλος, κατάθεση στον παραλήπτη. Ποια τα πλεονεκήματα με αυτό;
  1. Ταχύτατες συναλλαγές σε δευτερόλεπτα
  2. Πολύ μικρά κόστη σε σχέση με το τωρινό σύστημα
  3. Σχεδόν μηδενικός συναλλαγματικός κίνδυνος σε σχέση με το τωρινό σύστημα που οι τράπεζες πρέπει να κάνουν hedging για να προστατευτούν, αφού οι συναλλαγές μπορεί να κάνουν μέρες.
  4. Μεγαλύτερη ασφάλεια και διαφάνεια αφού όλες οι συναλλαγές είναι κρυπτογραφημένες, καθώς βασίζονται στην τεχνολογία blockchain.
5.Τα ιδρύματα δεν χρειάζεται να «παγιδεύουν» ρευστότητα (τρισεκατομμύρια δολάρια αυτή τη στιγμή) και να έχουν καταθετικούς λογαριασμούς σε άλλες τράπεζες με διάφορα νομίσματα για να γίνονται οι συναλλαγές, πράγμα που εγκυμονεί διάφορους κινδύνους όπως στο 3ο. Λύσεις όπως το συγκεκριμένο παράδειγμα, θα βοηθήσουν στο να απελευθερωθούν τρισεκατομμύρια δολάρια ανά τον κόσμο και να χρησιμοποιηθούν με παραγωγικό τρόπο στην παγκόσμια οικονομία και να περιοριστει ένα ενδεχόμενο πρόβλημα ρευστότητας όπως είδαμε πρόσφατα με την αγορά repos, που η Fed αναγκάστηκε να παρέμβει ώστε να μην δημιουργηθεί έλλειψη ρευστότητας και καταρρεύσει η αγορά.
Και αυτό είναι μόνο ένα από τα αρκετά παραδείγματα που υπάρχουν εκεί έξω.
Το μόνο εμπόδιο προς το παρόν είναι οι ρυθμιστικές αρχές κυρίως σε ΕΕ και Η.Π.Α. οι οποίες δεν βιάζονται ιδιαίτερα στο να δημιουργήσουν τα κατάλληλα νομοθετικά πλαίσια όσον αφορά τα ψηφιακά νομίσματα και την τεχνολογία blockchain, καθώς περιμένουν να ωριμάσει λίγο ακόμα η τεχνολογία.
Τα τωρινά προβλήματα και το νέο παγκόσμιο κίνημα διαμαρτυρίας
Αυτή τη στιγμή, η σταθερότητα των νομισμάτων είναι το κύριο θέμα συζήτησης των Κεντρικών Τραπεζών. Από τη μία, βλέπουμε χώρες σαν την Βενεζουέλα και την Αργεντινή με μεγάλο πληθωρισμό και με τους πολίτες να έχουν στραφεί στο Bitcoin και σε άλλα ψηφιακά νομίσματα για να αντισταθμίσουν τον κίνδυνο του νομίσματος τους, καθώς η περιουσία τους εξατμίζεται μέρα με τη μέρα και από την άλλη, ΕΕ και Η.Π.Α. προσπαθούν να αποφύγουν τον αποπληθωρισμό, όπως συμβαίνει με την Ιαπωνία, γιατί θα έκανε τα πράγματα πολύ χειρότερα αν προκύψει μία ύφεση. Και τέλος, βλέπουμε κινήματα διαμαρτυρίας σε πολλές χώρες όπως Χιλή, Βολιβία, Λίβανος, Εκουαδόρ, Αργεντινή, Χονκ Κονγκ, Ιρακ και Βρετανία. Τι συμβαίνει; Έχει αρχίσει ο κόσμος και ξυπνάει; Δεν ανέχεται πλέον την κοινωνικο-οικονομική ανισότητα; Την διαφθορά; Την κλιματική κρίση; Τις κακές πολιτικές; Ή… μήπως είναι λίγο από όλα;
Ποια η λύση σε όλα αυτά τα προβλήματα;
Οι νέες τεχνολογίες όπως το Blockchain, η τεχνητή νοημοσύνη και πολλές άλλες, μπορούν να βοηθήσουν στην αποκέντρωση, τον εκδημοκρατισμό του πολιτικού συστήματος, την μεγαλύτερη διαφάνεια, την καταπολέμηση της διαφθοράς και άλλων προβλημάτων που βλέπουμε κυρίως τελευταία. Οι νέες τεχνολογίες είναι στην ουσία εργαλεία που θα μας βοηθήσουν να διορθώσουμε αυτό το ελαττωματικό σύστημα και να αποτρέψουμε μία νεα ενδεχόμενη παγκόσμια κρίση.
Ποια η γνώμη σας;
submitted by Panosmek to greece [link] [comments]

Designing a formula to limit the amount at risk with a peer-to-peer counterparty

When you trade on a p2p (peer-to-peer) market, the platform will escrow the bitcoins traded. That is a good protection but it is not failsafe. The buyer of the bitcoins could still try to fraudulently charge back from Paypal (which is notorious for that problem), the banking system, or other payment providers.
A bitcoin-buying counterparty is less risky:
  1. The more trades he has executed successfully
  2. The longer he has been trading on the platform
  3. The larger the amounts he has been trading successfully
  4. The more difficult it is to reverse payments in the fiat-payment method
  5. possibly other reasons
It would be useful to design a formula based on these criteria to warn the bitcoin seller that he is taking too much risk in accepting to sell too large an amount of bitcoins to a buyer with a given profile.
Another problem is the dispute resolution procedure.
There is no failsafe method for the buyer to provide conclusive evidence that he has made a payment. The only payment providers that I know of, which readily allow an external moderator to verify that the seller has been paid by a buyer, are companies like Western Union and Moneygram.
The banking system does not readily allow a third party to provide a particular transaction number to a public website in order to check if the transaction was successfully paid or not. Solid fiat payment confirmation would certainly be possible, and not even hard to implement, but the banks do not want to provide that service to their customers.
Lack of payment confirmation complicates the trade, and not just the trade in bitcoin. Paper fiat currencies and fiat banks are incredibly inefficient, as they fail at providing even this most trivial service.
So, how does a moderator in an multisignature bitcoin escrow transaction actually know whether he should side with the buyer or with the seller?
The reason why the BTC<->fiat exchange, and even commerce in general, are so hard to secure, is caused by the incredible technological inferiority of the fiat banking system.
Besides a formula to limit the amount at risk, what other duct tape, iron wire, and other workarounds can we dream up to mitigate the problem?
submitted by mimblezimble to Bitcoin [link] [comments]

Localbitcoins Support Number=+1(855) 266-9652 -----//(*&^


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by Even-Initiative to u/Even-Initiative [link] [comments]

Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by coinbasesupportnsd to u/coinbasesupportnsd [link] [comments]

Localbitcoins Customer Customer Support Number=--------+1(855) 266-9652 ------^&*


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by supportnumberw to u/supportnumberw [link] [comments]

Localbitcoins Customer Service Phone Number=+1(855) 266-9652


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by EfficientPhotograph5 to u/EfficientPhotograph5 [link] [comments]

Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652 -Why do sellers require this? To protect themselves from fraudulent payments.


Localbitcoins (P2P Exchange) Support Number=+1(855) 266-9652
LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.

So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.

Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.

Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).

When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.

Here’s an example of a current ad posted by a bitcoin seller:

Meeting preferences: McDonalds, Starbucks, or Panera

This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.

LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.

You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.

When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.

In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.

Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”

If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.

LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.

Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.

Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.

If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.

If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.

If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.

Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by ThinBeginning to u/ThinBeginning [link] [comments]

Localbitcoins (P2P Exchange) Customer Support Number +1(888)780-0222

Localbitcoins (P2P Exchange) Support Number=+1(888)780-0222

LocalBitcoins doesn’t adhere to KYC protocols. That understandable since you’re not buying or selling bitcoins from the service. It’s just the middleman who matches you with trading partners, and provides an escrow account for transactions.
So, do you need a government-issued ID to trade on LocalBitcoins? It depends. A lot of sellers will require real-name verification before they’ll agree to sell to you online. The most common method of verification is a government-issued ID. Some sellers will accept a utility bill that has your name on it.
Why do sellers require this? To protect themselves from fraudulent payments. To be clear, you can refuse to verify your name. But you’ll severely limit the number of people who’ll be willing to sell to you online through LocalBitcoins.
Once you’ve created an account, look for advertisements posted by BTC sellers. There are thousands to choose from. You can filter ads according to which sellers accept U.S. dollars and which are located in the U.S. You can also filter ads by the type of payment accepted (cash by mail, Paypal, Moneygram, etc.).
When you find a promising seller, click the “Buy” button to the right of the ad’s Price/BTC. You’ll be taken to the seller’s ad, where you can view the details. You’ll see the seller’s location, feedback score, and the minimum and maximum trading limits. You’ll also see the terms of the trade.
Here’s an example of a current ad posted by a bitcoin seller:
Meeting preferences: McDonalds, Starbucks, or Panera
This advertisement is for a cash trade for bitcoin. We will meet at a McDonalds, Starbucks, or Panera (or another public area that we agree upon) to do the deal. Can meet most days, simply text me and we can set up a meeting.
LocalBitcoins uses a number of features to keep your money and your data safe. First up, it’s reputation feature. Every buyer and seller has a reputation score. This score results from the feedback left by others after each completed transaction. Use this feature to find traders who have a stellar track record. They’re unlikely to abscond with your money.
You can also enable two-factor authentication for your account. This is a system whereby you’re required to provide two things to prove your identity before you’re allowed to access your account. An example is an alphanumeric code that must be typed in using your phone. Two-factor authentication is a useful security measure.
When you buy and sell on LocalBitcoins, the bitcoins are placed into an escrow account. This is another layer of protection against scams and charlatans. As noted earlier, the bitcoins are locked down until the seller verifies that he or she has received payment from the buyer.
In the event you experience a problem with a trade, LocalBitcoins will help you to resolve it (see Customer Support Options below). Also, many questions can be answered by posing them to other customers on the LocalBitcoins forums.
Other forms of payment besides cash will not be accepted. Bitcoins will be transmitted instantly.”
If the terms are to your liking, type in the amount you’d like to purchase, and click the “Send Trade Request” button.
LocalBitcoins will transfer bitcoins from the seller’s wallet to an escrow account when a trade occurs. After you’ve paid for the bitcoins, click the “I have paid” button. As soon as the seller verifies receipt of your payment, LocalBitcoins will release your bitcoins from the escrow account and place them into your wallet.
Buying and selling BTC is free. However, users who place advertisements on LocalBitcoins are required to pay a 1% fee on each trade. So if you’re buying, you can avoid this fee by responding to sellers’ ads.
Transactions are instant, though it can take up to an hour to get everything squared away. That’s a conservative estimate. Transactions are often completed in minutes.
If you’re moving bitcoins between your LocalBitcoins wallet and another wallet, you’ll be charged a small transaction fee. The amount of the fee is continually adjusted to reflect network congestion.
If you want to buy bitcoins, all you have to do is look through sellers’ ads and find those that cater to your preferences. Want to meet the seller at your local McDonalds? No problem. Want to buy online using your Paypal account? Again, no problem.
If you want to sell bitcoins, all you have to do is create an ad with your terms. Buyers will find you. Just remember that, as the advertiser, you’ll be on the hook for the 1% trading fee. Alternatively, you can look through buyers’ ads to find someone to sell to.
Everything about the service is intuitive, and nothing is left to chance. LocalBitcoins also provides a helpful FAQ section that contains simple instructions, links to easy-to-follow guides, and even video tutorials. Things are laid out so well that you probably won’t need to use these resources. But they’re there if you need them.
submitted by bitcoinsupportdf to u/bitcoinsupportdf [link] [comments]

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