bitcoin trading

bitcoin trading users may want to trade bitcoin directly with each other in what is known as an over-the-counter market. This topic is a guide on how to set up your online identity and includes some best practices for trading with others in the Bitcoin community. Trading can benefit from an escrow service such that bitcoins are help by a third party and disbursed only after contract terms have been met. Individuals willing to act as independent escrow brokers can be found in bitcoin’s community. Use of 2-of-3 multisignature escrow eliminates the risk of the arbitrator stealing the held coins, or losing them to malware or hackers. The Bitcoin OTC acts as a secure ’Address Book’ within the bitcoin community. Always require the user to become registered . Follow additional recommendations for avoiding fraud. One of the key features is the Web of Trust, this allows users to ’rate’ each other. One can have more confidence trading with a user that has many good ratings. 9176
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