Discussion in 'Blockchain & Cryptocurrency Mining' started by NitroGuy, Jan 31, 2018.
Does anyone know?
Why buy bitcoins now when the market is going belly up?
--- Mad gains to be made when it shoots back up ---
Havent heard of a single exchange that wont let you transfer out bitcoin purchased but i could be wrong.
Had no issues with coinspot/btcm
What do you mean by Bitcoin "website". Do you mean a payment company like Bitpay or something?
If they accept any kind of cryptocurrency through a payment company then any transaction shouldn't be a problem. Why would they reject a payment just because of it's origin? It's not like you can do chargebacks using cryptocurrency
When you used your credit card, how long did it take for the bitcoins to be transferred to your account?
Keep in mind I've never purchased bit coins before.
I've never bought bit coins before and I've never sent bit coins to anyone so I'm still nervous about it.
When I send bit coins to a merchant, is it possible for the merchant to see my name? How does it work?
How does the merchant know I sent him the bit coins? Is it possible for me to test this for myself like how I can send money from one Paypal account of mine to another Paypal account of mine?
^on an exchange, a username is assigned a unique bitcoin address. its just a matter of sending bitcoins into that address for the exhange to recognise your payment. i imagine a merchant will have a similar setup. they wont be able to see your name, only the public bitcoin address used (to send and receive). where it is traceable to your name, is when you convert your aud to btc or vice versa.
you can test out how it works by creating 2 bitcoin wallets and use their public address to test out a transaction. do keep in mind of the fees involved and do a quick check of the address before clicking send. each transaction with have a transaction ID where you can check the progress on https://blockchain.info/
Thanks so much for that reply!
I'm still trying to decide on which bit coin company to buy bit coins from.
Is this the website you're referring to? https://www.btcmarkets.net/
The question you need to ask yourself is can you just throw that money down the drain without any concerns whatsoever?