Secure Trading-CAD-interac - Revision history

Parliament: add category

2012-08-28T12:28:43Z

add category

← Older revision		Revision as of 12:28, 28 August 2012
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	''(Please note it takes around 30 minutes for an Interac e-transfer transfer to be sent.)''		''(Please note it takes around 30 minutes for an Interac e-transfer transfer to be sent.)''

			[[Category:Instructional]]

Humble at 17:33, 3 July 2011

2011-07-03T17:33:22Z

← Older revision		Revision as of 17:33, 3 July 2011
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	In Canada you can either trade using the [http://bitcoin-otc.com/ Over The Counter (OTC)] system and its web of trust system, or register with the first Canadian-based exchange - [https://www.cavirtex.com cavirtex.com]. ''		In Canada you can either trade using the [http://bitcoin-otc.com/ Over The Counter (OTC)] system and its web of trust system, or register with the first Canadian-based exchange - [https://www.cavirtex.com cavirtex.com]. ''

	When conducting trades [http://plasticliving.blogspot.com/2011/05/bitcoin-otc-quickstart-guide.html using the OTC] you are strongly encouraged to check the rating of individuals you are about to trade with. Look for a cumulative rating of at least 8, that has come from at least 3 other individuals with good ratings, and that is at least 2 weeks old. if you do not have such a rating then you are going to have to trust the party that has a better trust rating than you until you have enough good trades and ratings to have built a good reputation yourself.		When conducting trades [http://plasticliving.blogspot.com/2011/05/bitcoin-otc-quickstart-guide.html using the OTC] you are strongly encouraged to check the rating of individuals you are about to trade with. '''Look for a cumulative rating of at least 8, that has come from at least 3 other individuals with good ratings, and that is at least 2 weeks old'''. if you do not have such a rating then you are going to have to trust the party that has a better trust rating than you until you have enough good trades and ratings to have built a good reputation yourself.

	When sending and receiving money the preferred method is a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).		When sending and receiving money the preferred method is a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).

Humble at 17:32, 3 July 2011

2011-07-03T17:32:53Z

← Older revision		Revision as of 17:32, 3 July 2011
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	~~<big>~~''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.)		''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.)

	In Canada you can either trade using the [http://bitcoin-otc.com/ Over The Counter (OTC)] system and its web of trust system, or register with the first Canadian-based exchange- [https://www.cavirtex.com cavirtex.com]. ''~~</big>~~		In Canada you can either trade using the [http://bitcoin-otc.com/ Over The Counter (OTC)] system and its web of trust system, or register with the first Canadian-based exchange - [https://www.cavirtex.com cavirtex.com]. ''

	When conducting trades using the OTC you are strongly encouraged to check the rating of individuals you are about to trade with. Look for a cumulative rating of at least 8, that has come from at least 3 other individuals with good ratings, and that is at least 2 weeks old. if you do not have such a rating then you are going to have to trust the party that has a better trust rating than you until you have enough good trades and ratings to have built a good reputation yourself.		When conducting trades [http://plasticliving.blogspot.com/2011/05/bitcoin-otc-quickstart-guide.html using the OTC] you are strongly encouraged to check the rating of individuals you are about to trade with. Look for a cumulative rating of at least 8, that has come from at least 3 other individuals with good ratings, and that is at least 2 weeks old. if you do not have such a rating then you are going to have to trust the party that has a better trust rating than you until you have enough good trades and ratings to have built a good reputation yourself.

	When sending and receiving money the preferred method is a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).		When sending and receiving money the preferred method is a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).

Humble: as promised!

2011-07-02T17:29:50Z

as promised!

← Older revision		Revision as of 17:29, 2 July 2011
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	<big>''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.)		<big>''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.)

	In Canada you can either trade using the Over The Counter system and its web of trust system, or register with the first Canadian-based exchange- [https://www.cavirtex.com cavirtex.com]. ~~So how can you exchange using the OTC web of trust?~~''</big>		In Canada you can either trade using the [http://bitcoin-otc.com/ Over The Counter (OTC)] system and its web of trust system, or register with the first Canadian-based exchange- [https://www.cavirtex.com cavirtex.com]. ''</big>

	~~In Canada many financial institutions offer~~ a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).		When conducting trades using the OTC you are strongly encouraged to check the rating of individuals you are about to trade with. Look for a cumulative rating of at least 8, that has come from at least 3 other individuals with good ratings, and that is at least 2 weeks old. if you do not have such a rating then you are going to have to trust the party that has a better trust rating than you until you have enough good trades and ratings to have built a good reputation yourself.

			When sending and receiving money the preferred method is a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).
	# '''E-mail the money (minus the password)''';		# '''E-mail the money (minus the password)''';
	# '''Send the password by e-mail, IRC, PM on a forum, smoke messages...'''		# '''Send the password by e-mail, IRC, PM on a forum, smoke messages...'''

	''(Please note it takes around 30 minutes for an Interac e-transfer transfer to be sent.)''		''(Please note it takes around 30 minutes for an Interac e-transfer transfer to be sent.)''

Humble: clearcoin no longer supported - more edits coming

2011-07-02T17:23:35Z

clearcoin no longer supported - more edits coming

@@ Line 1: / Line 1: @@
-<big>''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in a safe trade.''</big>
+<big>''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.)
 In Canada many financial institutions offer a service called Interac, which has a marvellous system called [http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php Interac e-transfer]. Fees are normally between 0 and 2$ per transaction (check with your bank or credit union).
 # '''E-mail the money (minus the password)''';
 # '''Send the password by e-mail, IRC, PM on a forum, smoke messages...'''
 ''(Please note it takes around 30 minutes for an Interac e-transfer transfer to be sent.)''

Humble at 03:47, 31 May 2011

2011-05-31T03:47:59Z

← Older revision		Revision as of 03:47, 31 May 2011
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	# '''Send your BTC to Clearcoin, specify a destination address and a return address.'''		# '''Send your BTC to Clearcoin, specify a destination address and a return address.'''
	# '''Once you're satisfied by the other party, release the BTC.'''		# '''Once you're satisfied with the other party release the BTC.'''

Humble at 03:40, 31 May 2011

2011-05-31T03:40:08Z

← Older revision		Revision as of 03:40, 31 May 2011
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	<big>''You have been mining for ~~quite~~ a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first ~~to be at the same level~~ as gold? How ~~could~~ you ~~two~~ exchange easily, with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in a safe trade.''</big>		<big>''You have been mining for a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first as good as gold and a lot easier to carry? How can you exchange easily with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in a safe trade.''</big>

Humble at 01:40, 31 May 2011

2011-05-31T01:40:15Z

← Older revision		Revision as of 01:40, 31 May 2011
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	<big>''You have been mining for quite a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first to be at the same level as gold? How could you two exchange easily, with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in ~~the usual transaction~~.''</big>		<big>''You have been mining for quite a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first to be at the same level as gold? How could you two exchange easily, with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in a safe trade.''</big>

Humble at 01:30, 31 May 2011

2011-05-31T01:30:13Z

← Older revision		Revision as of 01:30, 31 May 2011
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	<big>''You have been mining for quite a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first to be at the same level as gold? How could you two exchange easily, with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let me introduce the two systems used in the usual transaction.''</big>		<big>''You have been mining for quite a while and now would be a nice time to cash out? You've learned enough about Bitcoin to know it's the best money out there - the first to be at the same level as gold? How could you two exchange easily, with minimum hassle? Forget about the trust and feedback system. Real traders do business, not friendly chit-chat. (But you're always welcome on '''#bitcoin-cad''' on '''freenode.net''' if you want to talk.) So, how can you exchange without the need to trust the other party? First let's introduce the two systems used in the usual transaction.''</big>

Humble at 01:14, 31 May 2011

2011-05-31T01:14:08Z

← Older revision		Revision as of 01:14, 31 May 2011
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	:'''Second move:''' ''BTC party:'' Once the Interac e-transfer amount is verified, send the BTC to Clearcoin, with the destination address and the return address. Now, the return address should not be your address. You should send it to a charity. Why? If you simply send it back to yourself, you could easily cancel the transaction after you've got the money and get your BTC back after some time. If you send it to a charity, the other party knows you will never get your BTC back, which means you have every incentive to complete the transaction. If you're being trolled by the Interac e-transfer party, s/he could cancel the transaction. At least you know you didn't lose your BTC to them, but rather did a good action by giving to a charity. As you will see, the same risk applies to the Interac e-transfer party. S'''ee the screen captures at the bottom of this page to acquaint yourself with the process.'''		:'''Second move:''' ''BTC party:'' Once the Interac e-transfer amount is verified, send the BTC to Clearcoin, with the destination address and the return address. Now, the return address should not be your address. You should send it to a charity. Why? If you simply send it back to yourself, you could easily cancel the transaction after you've got the money and get your BTC back after some time. If you send it to a charity, the other party knows you will never get your BTC back, which means you have every incentive to complete the transaction. If you're being trolled by the Interac e-transfer party, s/he could cancel the transaction. At least you know you didn't lose your BTC to them, but rather did a good action by giving to a charity. As you will see, the same risk applies to the Interac e-transfer party. '''''See the screen captures at the bottom of this page to acquaint yourself with the process.'''''