Anyone had experience with these? Joined LB community today and seen a recommendation on using bittylicious. Are they safe? Is it as simple as sending BTC straight to the vendors? I don't use BTC so don't see the need in having a wallet... cheers
Yup use bittylicous for almost all transactions! I solely use BTC for buying dank and have a wallet with electrum. That extra level of sending the money to your own wallet then to the vendor gives you extra protection and anonymity - fully recommend.
Stop spreading this false info about extra layer of security, it's nonsense guys! By sending the BTC directly to the address LB gives you (that is not the vendor address, transaxe generates a new unique address for every purchase...) you'll save a lot on transactions fee, be smart and read how BTC does work.
Bittylicious will not ban you, you can buy as much as their limits allow without any problem.
As per the "extra layer of security" just read what I've already discussed by clicking the link below:
I bet you didn't even read the link I posted at the end, but there you are spreading false knowledge (sorry if I'm too direct, but this is the truth) to new users who doesn't know nothing about how the BTC blockchain does work.
You don't understand mate, you are not more secure by just doing one more transaction, you mistake this with tumbling, where a lot of transactions are involved in order to make it harder to track the origin of the transaction, I repeat, to make it harder, not anonymous...
I get mad when people without the right knowledge spread this shit to new users...
nah i didn't read the link. happy doing what i do and not gonna judge you for doing it your way pal. i'd kinda expect the same respect in return tbh, given this is a community and we all have a shared vision afterall.
if anything were to happen and somewhere along the line there was some breach or leak or compromise i'd probs loose my job, and i'm not prepared to take that risk. same way i've done it for years since before GCMC.
if someone asks me for advice i'm gonna share the way i do it, just like the way you're sharing too. i don't expect to be berated for that. take it easy man.
There are other reasons to do it that way too, BTC is usually cheaper over a certain amount so if your making a few small purchases then you'll save money buying it all in one go.
I only mentioned the potential banning just because it's in their ToS but like I said I don't know what they're looking for but they can ban if they suspect illegal activity etc that's not false info mate (doubt it happens often they want the money afterall!)
I don't think a wallet is essential with bittylicious (other exchanges that put your BTC in an online wallet would probably be a different matter, but I don't use those) but I'd still recommend one personally just based on my own experience so far but we all get into our own habits with this stuff over time! :)
They don't know where you are sending the BTC, they just see an address, that disclaimer is just for legal purposes.
Anyway, I'm tired to explain that that extra step is pointless and money consuming.
When I said "stop spreading false info" I wasn't talking about Bittylicious, what you said it's true, but they will not ban for this, the most probably way to be banned from Bittylicious is by buying with a credit/debit card which does not have your name on it.
About buying more at once just to have them to later buy on LB, I don't consider it a good idea, BTC price fluctuates a lot, in March was 4k USD, now it's almost 19k USD.
You are buying today 100 USD worth of BTC (eg: you get 0.1 BTC) then tomorrow the BTC price goes down, now you are left with 0.1 BTC with 80 USD value.
LB shows the prices in USD and then concerts it to BTC, by doing so, if you want to buy a 100 USD product, you can't anymore, because you have only 80 USD worth of BTC, thus you have to buy more BTC to complete the transaction, which with the ytansaxtiln done yesterday leads you at 120 USD...
Mate I wasn't talking about buying BTC and holding it. I meant if you want to buy say 3 eights right now, you'll save money buying all your BTC in one go and then paying for them from your wallet.... everyone has different buying habits mate.
For the record I agree with you that using a wallet is not essential or more "secure" but I disagree that it's pointless. I definitely prefer having my wallet and have definitely saved money with my wallet and I feel safe that I'm not breaking bittylicious ToS. (Although I have also made a couple of buys direct from bittylicious!) So it's not pointless but like I say we all have different habits, no big deal :) Enjoy your night my mate! :)
Nah it's always good for us biggas to share advice and experience mate and I do appreciate where you coming from! I honestly think we're both right in our way haha maybe I'm just too stoned! or not stoned enough? I'll go ask the bong that question lol :)
If you're just making one buy and it's not a massive one then you'll be fine sending it directly to the sellers wallet but as the post below says you're best off with a wallet especially long term otherwise bittylicious might end up banning you.
I use bittylicious and electrum too, it's a pretty straight forward combo :) Good luck and enjoy your bud when it lands! :)
No worries mate to be honest I'm not sure what they count as "suspicious behaviour" but buying your BTC in one go and sending it a personal wallet address will just make you look the same as every other buyer on their exchange :) (making multiple buys in a row might flag you eventually).
Only other thing to remember is there are transaction fees for paying from your wallet, select "replace by fee" in electrum and turn the sat/byte down and it will only cost pennies (sounds complicated but when you get your wallet you'll see it's easy, just one slider!), just make sure you buy a little extra btc to cover it!
Hi Benjic93.. Just a Quick heads up on Bittylicious!!!..ive. been on LB since January this year..I've only ever used Bittylicious for Coins. Around 30+ purchases ..never had any problems with payments going through to Vendor.. Easy and Straight Forward :-)) Have a good weekend all..!!!