discuss I've just taken my first Bitcoin payment for domain name sales.

There is always the first for almost everything, every good or even bad experience still is an experience. Congratz dudee :D

Whoop Whoop Whoop ....nicely done dude. Congrats!

You are now officially a Cryptonaut

I'm not a crypto-nought, I'm a crypto-littlebit.

After a little bit, I'm after a big byte of the cake.

Congratulations @Kuffy

Since Summer I always ask the buyers regarding Bitcoin...
But still without results... they strictly pay via traditional methods...

Grats man.

Congrats...
Is it more secure than escrow? Is there a central point that holds the Bitcoin until the name gets transferred. Someone asked me to pay via btc, but I chose not to.

I've been wanting to buy Bitcoin since it was about $200, and I wish I had been more persistent. There were so many scams around, that I didn't want to use an online exchange. I run a full node, so I'm not worried about wallet providers failing, or not giving me the alts that come from the blockchain splits.
I tried asking for direct payments in Bitcoin, but haven't had any takers. Now I register my names with Name Silo, and I use their payment and transfer process whenever possible. They will pay me in Bitcoin regardless of the way the purchaser pays. I think their transfer process is as good as an escrow, and it's cheaper and faster. The payment processing worked out to be less than $1 based on XE's valuation of Bitcoin. NS charges 7% for the listing (free), sale and transfer, payment receipt, and escrow. I think that is a good deal.

@Kuffy I got jealous and created my first bitcoin wallet

Well done mate - I still haven't ventured into accepting BTC yet. Even though I have a bunch of alt currency domains for sale lol

Do you also trade altcoins Kuffy?

Asfas1000 said:

@Kuffy I got jealous and created my first bitcoin wallet

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If you managed it that quickly, then I suspect you aren't running a Bitcoin node. I think that this is the only safe way to keep Bitcoin. You can create a watching wallet and an offline wallet, and you will collect all the alts from a blockchain fork.

Criterion811 said:

Do you also trade altcoins Kuffy?

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Not at the moment, but I may sell the Bitcoin Cash and Bitcoin Gold that I got for nothing in the last blockchain forks.

Kuffy said:

If you managed it that quickly, then I suspect you aren't running a Bitcoin node. I think that this is the only safe way to keep Bitcoin. You can create a watching wallet and an offline wallet, and you will collect all the alts from a blockchain fork.

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Right. Though I'll have to put something in it before I start worrying about safety

Kuffy said:

Not at the moment, but I may sell the Bitcoin Cash and Bitcoin Gold that I got for nothing in the last blockchain forks.

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Cool BTC - BCC is up 18% on Bittrex today too I sold out before the Gold fork. Waiting for Segwitx2 now. I'd love to be paid in crypto for my domains!

Nice.

Escrow needs to get in on bitcoin option payments.

A bit off topic but curious as to opinions we have a name we own that we think might be a great name for a future cryptocurrency the name is Wkii.com ( obviously a play on wiki.com with over 1 billion results) All comments welcome good or not so good-thank you! Wkii.com

Bitcoin has a form of escrow built into it. I was going to experiment with it, but I need to make a few more sales, and to generate a bit more interest first. The escrow can be used by using the multiple signature option. If you specify 3 signatures, and say that at least two must be present to release the funds, then the three parties can be the buyer, the seller, and a trusted third party.

Congrats!!

Thanks, I've had a few more small sales since I started this thread.

Kuffy said:

Thanks, I've had a few more small sales since I started this thread.

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Hi Kuffy,

Can you share your portfolio size and the number of domain names you sell per month? I'm curious