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The '''Bitcoin Market''' is a [[bitcoin]] [[currency exchange]] site owned and operated by dwdollar. It supports Moneybookers, [[Pecunix]], and [[Liberty Reserve]]. Registration is open to the public. Unlike [[MtGox]], exchanges are done directly between individual users, with Bitcoin Market escrowing the bitcoin funds. Quite often, Bitcoin Market trades at higher values than MtGox.
The '''Bitcoin Market''' was a [[bitcoin]] [[currency exchange]] site owned and operated by [[bitcointalk]] user dwdollar.  
 
 
==Use of the Market==
 
Those wishing to use the market must [https://www.bitcoinmarket.com/process/signup/create/ create an account]. One registers payment processors through the ''Accounts'' page. This is a necessary step for trading currency.
 
In order to trade, one must either open a bid through ''my orders''. Bids are made by declaring how much of a given currency you wish to buy and at what price. Bids can be accepted through the ''my trades'' page.


==History==
==History==


Trading on the site began February 6th, 2010<ref>[http://www.bitcoin.org/smf/index.php?topic=20.msg265#msg265 Announcement by dwdollar]</ref>
Trading on the site began on March 17th, 2010<ref>[https://bitcointalk.org/index.php?topic=20.msg748#msg748 Announcement by dwdollar]</ref>


A major update to the site occurred in March, 2011.  Among the changes were: smaller minimum trade size, 24 X 7 trading, and some steps to help ensure that payment will be made for trades that execute.
A major update to the site occurred in March, 2011.  Among the changes were: smaller minimum trade size, 24 X 7 trading, and some steps to help ensure that payment would be made for trades that execute.


Though the site at one time was used for trading using PayPal as payment method, fraud caused the exchange to discontinue PayPal trading on June 4, 2011<ref>[http://forum.bitcoin.org/index.php?topic=12678.0 Recent Events At Bitcoin Market]</ref>.
Though the site at one time was used for trading using PayPal as payment method, fraud caused the exchange to discontinue PayPal trading on June 4, 2011<ref>[https://bitcointalk.org/index.php?topic=12678 Recent Events At Bitcoin Market]</ref>.


Important information can also be gained from the Bitcoin Market website homepage which shows a graph of the Bitcoin exchange rate (to US Dollars). This data is also offered in the JSON format.
The Bitcoin Market website showed a graph of the Bitcoin exchange rate in US Dollars. This data was also offered in JSON format.


==See Also==
==See Also==
Line 24: Line 17:
==External Links==
==External Links==


* [http://darknetmarkets.co/ Darknet Bitcoin Markets list]
* [https://www.bitcoinmarket.com/ Bitcoin Market]
* [https://www.bitcoinmarket.com/ Bitcoin Market]


==References==
==References==
<References />
<References />
[[Category:Exchanges]]

Latest revision as of 01:04, 22 September 2017

The Bitcoin Market was a bitcoin currency exchange site owned and operated by bitcointalk user dwdollar.

History

Trading on the site began on March 17th, 2010[1]

A major update to the site occurred in March, 2011. Among the changes were: smaller minimum trade size, 24 X 7 trading, and some steps to help ensure that payment would be made for trades that execute.

Though the site at one time was used for trading using PayPal as payment method, fraud caused the exchange to discontinue PayPal trading on June 4, 2011[2].

The Bitcoin Market website showed a graph of the Bitcoin exchange rate in US Dollars. This data was also offered in JSON format.

See Also

External Links

References

  1. ↑ Announcement by dwdollar
  2. ↑ Recent Events At Bitcoin Market
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