What is a Bitcoin exchange?

Rodrigo’s Bitcoin start-up: http://www.blinktrade.com
Apps, books & courses for entrepreneurs: http://www.problemio.com

In this video I ask Rodrigo what exactly is a Bitcoin exchange. I also ask Rodrigo how people enable or participate or use a Bitcoin exchange. Rodrigo says that a Bitcoin exchange works just like a regular stock exchange in many ways.

The way an exchange works is there is an escrow element where to transfer funds, the funds are taken and put into an escrow account. After the product is delivered from the person who is supposed to receive the funds to the person who is paying, the funds are taken out of the escrow account, and given to the person who delivered the item.

A bitcoin exchange is more efficient than trading dollars because it is much faster, and the escrow element works more efficiently. Rodrigo gives the example that a Bitcoin is less like a stock exchange, and maybe more like an eBay.

Below are the rest of the videos from this interview.

Intro to BlinkTrade, a Bitcoin startup by Rodrigo Souza (part 1 or 10):

What is Bitcoin? What is cryptocurrency? Is Bitcoin money or currency?

Bitcoin security: Is Bitcoin secure?

How do people use Bitcoin? What can you buy with Bitcoin?

What are different ways and sites where people can trade bitcoin? How soon can they start trading?

Why is bitcoin important what can be the impact of bitcoin:

Is bitcoin the cryptocurrency of the future what other cryptocurrencies are there:

How to find what is the value of Bitcoin?

Mining Bitcoins and cryprocurrency: Is it possible to mine Bitcoin and create new Bitcoins?

Are there common Bitcoin scams? How to avoid Bitcoin scams online:

How to get started and involved in the Bitcoin business?

How to raise money with Bitcoin or invest in Bitcoin start-up companies

Author: traffic

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