10$ worth BTC for FREE!

[ilvbtc]

BTC2BID is a new concept of bitcoin exchange platform: it works as aggregator of deals, blind-auction and escrow system, to provide an easy, real-time and secure method to complete face to face bitcoin transactions (both buy and sell) with cash.

BTC2BID is a project developed in 2015 and established as a company in 2016 in London by early adopters and entrepreneurs who were looking to create a peer-to-peer mechanism, different from the usual exchanges, that allowed buyers and sellers to get the best price for their bitcoins in a private and secure environment.

At signup the user will select the city where he can complete the transactions (meet the other party in a specific place of the city to receive or give the cash), then, after just a mobile phone verification, he will be able to start trading!

Escrow is implemented and applies in every matched deal to protect both buyer and seller.

BTC2BID is based on blind auctions therefore fake bidding to inflate the price doesn't work
Blind auction, more specifically, means that the winner is first bid equal or higher than the amount set by the deal maker and each bidder doesn't know the bid amount of other participants.

How are payments for the winning bid processed?

BTC2BID keeps the btc in escrow til both parties meet and complete the cash exchange.

The site is designed with the maximum simplicity and smoothest UX in mind, and is organized in tabs:
Track my deals, to have an instant overview of the on-going deals status
“Buy” Bitcoins, to bid on open buy deals and also to post new buy deals
“Sell” Bitcoins, to bid on open sell deals and also to post new sell deals
“Bonus” tab, to have an overview about the bonuses status (signup and referral)
“Invite friends” tab to easily have a personal link and send invites
“Refunds” tab, in case a deal was not completed on time by the other party


The referral commission will be credited to your account automatically when your referral complete their first buy and/or sell order.


Use of bonus balance
The bonus balance works as 10% premium on buy deals (Ex: buy 0.05 BTC and receive 0.055 BTC) or as 10% discount on sell deals (Ex. sell 0.05 BTC and deliver 0.045 BTC)

Looks sign up bonus only with ref.link(on invitation),not sure though.

Sign up will be only possible by invitation. A referral bonus of $10 worth of Bitcoins is directly credited to the account of the user who sends the invitation and a special bonus of $10 worth of Bitcoins to the account of the new user.

https://btc2bid.com/Account/PowerRegister?referral=591

OK...I GOT $10.What Next?

It will be used as 10% of your buy/sell orders.(because,basically the buyer/seller will need to deposit the 10% of the amount that he want to buy, this will be the guarantee that buyer won't pull out of the deal after matching it.

So to say you will pay 10% less on your sell order and get 10% more for buy orders.
After phone verification,you can see sell/buy orders in your locality you specified and you can participate by placing either buy or sell orders.(i.e you cant withdraw it directly but you need to sell it and find a buyer around your location. Once you find a buyer and deal your order, so you can get the cash from the buyer)

About the withdrawal,I think you have to complete one trade successfully.The concept is to buy/sell bitcoins by cash locally ,so there is no withdrawal option .You sell your bitcoins and collect cash in personal while your coins will be held in escrow,once you get the cash,your coins will be released to the buyer.

So for example, let's say that you have just signed up and you have your 0.025 BTC (10 USD equivalent) bonus in your account. Then you match a buy deal of 0.1 BTC, so you will receive 0.1 BTC + 0.01 BTC of 10% boost bonus in BTC from the system.

Now let's say that you have matched a 1 BTC buy deal, in this case you will receive 1 BTC + 0.025 BTC (all your bonus balance at once), this because the 10% of 1 BTC is greater than your bonus balance.

Last but not least, the sell case: you have always 0.025 BTC (10 USD equivalent) as bonus balance and you match a sell deal of 0.2 BTC (so you deposit btc and receive cash from the user). In this case, the 10% boost works as a discount, so system will ask you to deposit in escrow 0.18 BTC instead of 0.2 BTC

Hope that now is more clear how it works the bonus balance.

[bitkilo]

Could we please go easy on the referral links members.

I will let some old ones stay but will be deleting any new referral links i come across.

[ilvbtc]

Pl. check this similar thread:micro-earnings/free-10-for-every-referr ... t6835.html
If you still feel mine is worth your action,pl.delete my post.
Regards