Bitcoin has grown to be one of the most popular payment options around the globe.
Currently, there are already multiple online marketplaces where you can buy, sell, or even auction anything using Bitcoin. This is quite amazing since these places allow Bitcoin holders to use cryptos to pay for goods and services while also giving those who want to get Bitcoins the chance of exchanging physical and digital goods and services for Bitcoins.
And besides being able to do business better using multiple different cryptocurrencies, Bitcoin can also be a great investment opportunity for sellers as its price has been on claiming steadily every year. So there is a good chance if one gets some Bitcoins now, tomorrow they would be worth more than their value is today.
That being said, you should still be careful when choosing a marketplace to do business with Bitcoin. As the peer to peer world can never be as regulated as the regular markets, so there is a good chance scammers are also active whenever there is money to be made.
Below are the three best Bitcoin marketplaces and auction sites that you can use today to buy and sell almost anything directly from other people using cryptocurrencies:
OpenBazaar is the first truly decentralized peer to peer online marketplace that charges no platform fees nor has any restrictions. Here you can create an online store to sell whatever you like ranging from Clothes, Jewelry, Games, Music, Videos, Art, to local foods and beverages among other things, and get paid in Bitcoin and other cryptocurrencies.
OpenBazaar is decentralized open-source software meaning it’s not controlled by a single entity, as it’s not an organization or company and therefore there is no data collection or gatekeepers restricting transactions for absolutely anyone.
OpenBazaar users can enjoy the most secure, private, and liberating experience of doing e-commerce using a marketplace that gives users total freedom and control over their data, and activities when doing business online.
Here’s a list of some of the main features within OpenBazaar.
- No Platform Fees
- No Monthly Fees
- No Listing Fees
- No Bank / CC Required
- Live Chat with Customers
- Customize Your Store
- Peer to Peer (no middleman)
And these are just tip of the iceberg, as sellers managing their stores have loads of different options as well, such as choosing different product variants, inventory management, shipping options, live chat, order management, and much more.
The platform is not just fully customizable but its also easy to get started and set up, as it comes with a built-in Bitcoin wallet that the user is fully in control, and can be used to transact and earn Bitcoins when selling products on the marketplace.
To get started using OpenBzaar and transacting on the network, you simply download the peer to peer application on your desktop and follow it’s instructions on whether you want to create a store or purchase products from other people.
Bitify is a reputable long-standing and largest Bitcoin marketplace and auction site.
The Bitify platform started as CryptoThrift back in 2013 and has since grown to become one of the most unique escrow service providers in the cryptocurrency industry.
The platform offers escrow services like no other allowing secure and safe transactions, where people can buy items using Bitcoin and Litecoin, or list items and earn Bitcoin once items are sold. And because of it’s unique 30 days of buyer protection and money-back features, a listing of both physical and digital products becomes possible.
Bitify is based in Australia but has a large recognition as a worldwide service provider with a majority of customers in the European Union and in the United States.
To get started using the Bitify platform, users are required to register and create an account that can then be used to post items for sale or buy items using cryptocurrencies.
Note that the platform charges sellers a $0.50 fee on items under $10, a $1 fee on items worth between $10 and $20, and a 2.5% fee with a minimum of $1.5 on items valued over $20.
As a centralized service provider, the platform also of course bans people from buying and selling copyright material drugs, weapons, and child pornography.
Toffee is another Bitcoin marketplace and auction site that allows people to sell and buy digital products inducing educational products, art, gaming, accounts, software, and digital-related services.
Currently, the available payment option on Toffee includes Bitcoin, PayPal, and Stripe. The platform offers exchanges of products through escrow services where buyers place their money ready for release once they receive the product they ordered.
To become a seller on the platform, you are required to register an account. After registering, the seller can create a store where they can list their digital products. The platform also allows sellers to link their social chat handles like Skype and Discord so that customers can get in touch with them.
The toffee platform has a slightly different monetarization model, as the starter plan is free to use with no monthly fees, but sellers looking to open professional stores that would allow them to get advanced notifications and integrations, or offer discounted listing promotion prices, and to create multiple customizations on store groups will have to pay $19.99 per month.
For buyers, Toffee is free to use and it doesn’t even require account creation, as the platform allows a simple check out on products using their email addresses.
If you are a person with unwanted digital products or you produce some services worth selling and are looking to create a successful business, without having to deal with middlemen, then peer to peer marketplaces are the perfect fit, and these are the services you should be looking into.
Not only can you find plenty of regular products such as clothes and educational material, but because of the nature of peer to peer markets, you can also find more rare craftsman art and other products that no mainstream shops would ever include.
This also means if you are a seller of art, for example, you have a much better chance of being recognized for your talents and then actually getting proper value and home that appreciates your work.
That being said, don’t forget if you are interested in selling your own products, you can also accept bitcoin as a business directly from your own website!
And if the concept of peer to peer marketplaces is new to you, then maybe you might find some of our other articles interesting as well: