Hey guys, I spent a year creating a marketplace where you can buy and sell things with crypto. The site will support a lot of coins but I just want to launch with support for a couple.
Which altcoins could benefit from a safe marketplace to buy and sell stuff?
Nothing illegal allowed on the site with strict moderation to ensure safe trades through user verification. Not a place for users concerned with anonymity, more like normie marketplace like ebay.
Ive spent the year testing it. Ended up with 3k users and ~4k transactions, maybe ~15 ending up in disputes which were easily resolved. Testing phase did not use cryptocurrency but with my countrys currency.
Site also has ability to purchase shipping labels directly through the site with whatever cryptocoin you're using for those mailing items out.
Im thinking the target market is people with low altcoin balances that would never really turn their coins to cash. So spending $10 or $50 on a product would benefit them without the need of turning their coin into bitcoin. This way they shop and spend their actual coin and another user gets the coin instead of a business that just turns it immediately into cash by selling the coin.
What altcoins would you suggest to target first?
Josiah Morris
I don't mean to beat a dead horse, but you might want to add DGB to the list. Lotta future bag holders.
Jayden Kelly
This is a great idea
Juan Brooks
BTC, ETH - these two are no negotiations. have them or fail basically.
After that i have no idea. Stratis looks pretty solid.
Blake Hernandez
DGB, and its not even close.
i mean of course BTC and ETH, but after that, DGB no doubt. DGB will also be easiest for your site to handle
Blake Sullivan
Fuck. Litterally yesterday I asked a webdeveloper friend if it wasn't a great idea to start up a website like this that accepts btc, for all the people who will be sitting with huge gains + a huge legimate way to spend your money. Anyway, good luck man!
Lucas Barnes
BTC and ETH of course. After that DBG, XEM, LTC maybe Golem and Dogecoin?
Tyler Garcia
Make sure to have a transaction ledger so Amerifriends can record their taxes for the IRS.
Also, BTC-ETH-LTC for the major coins, and add any other coins in the top 20 or 25.
Xavier Sanders
Digibyte looks good, the payment processor I'm integrating supports it.
Great to hear, I think this will work well as long as the security and ease of use is there. Ive researched into all the marketplaces that came and went to try to figure out where they went wrong.
BTC definitely but will probably urge customer to purchase items through a coinbase balance to avoid transaction fees. Ive been trying to find ways to reduce bitcoin fees.
ETH I will add but admittedly I know nothing about it. Will do some research but its interesting to see how prominent it is nowadays.
DGB looks good. I like coins with low transaction fees as they can just pass through the site easily.
Cryptocoins need a lot of marketplaces most likely and theres always room. I said the same as you when I seen previous marketplaces but they all closed up shop over the years.
Thanks! Yes, will make sure a more uniformed ledger is available as well.
Jaxon Roberts
I forgot the name of it but there was a website that let you buy random stuff with extra BTC, like gaming keyboards and stuff. Could make something similar but more refined
