BitBargain is a peer-to-peer marketplace that allows people to buy and sell Bitcoins and Litecoins online. The process is simple, taking just a few minutes. On average, BitBargain sells around 20,000 worth of coins on a daily basis. This is nearly half the market share of the mainstream domestic Bitcoin sales in the United Kingdom.
Why BitBargain Platform?
Trading Bitcoin has its share of challenges, one of which is the security against any attempt of hacking. Against this backdrop, BitBargain platform offers a suitable environment for both buyers and sellers to trade with confidence. Here are some of the major reasons why we recommend the BitBargain platform.
Each seller on the BitBargain platform has a good reputation. We carry out quality control regularly to ensure that buyers and sellers comply with the rules. In the end, we are able to guarantee a high level of satisfaction. Besides, we request participants to complete non-compulsory verification checks to enable them to build their reputation.
It Provides A Faster Turnaround
On the platform, buyers are able to see which sellers are online at any given time. If you decide to contact a seller, you can get a quick response through a text message notification. The platform utilizes instant payment methods like UK bank transfer or Pingit. In the end, an average purchase lasts about 4 minutes.
The Platform Is Easy To Use
The platform is designed to be intuitive. A typical purchase starts with viewing the available sellers. The buyer proceeds to a transaction and transfers the money. The buyer then asks the seller to verify the payment and finally, the buyer receives the Bitcoins.
BitBargain—Your Questions Answered
How long does it take before I get my Bitcoins?
Typically, the seller takes roughly a minute or two to confirm your payment. When you receive your Bitcoins and withdraw them to another wallet, it takes nearly ten minutes for the Bitcoin network to confirm the transaction. On the BitBargain platform, you can use your wallet just like any other web wallet. For that reason, you can use your BitBargain wallet to conduct transactions through other wallets on the blockchain network.
Should I Provide My Personal Information?
The BitBargain platform makes it easy even for first-timers to conduct business without hassle. In addition, the system has a strict responsibility to detect and avoid any attempt at money laundering and fraud. To that end, buyers can purchase Bitcoins without keying in their personal details at first.
However, this step limits the buyer to a given amount of Bitcoins that he or she can purchase per transaction, daily, weekly, monthly, or annually. This happens until the buyer can verify his or her identity. While that happens, the system is also keen to record each transaction for both verified and non-verified members. This prevents using multiple bank accounts. More importantly, the system has the right to ask for the identity of the buyer if there is a good reason to do so.
Finally, but importantly, traders should know that BitBargain is a Bitcoin-only market that allows buyers to send payment directly to the sellers.