FAQ
What is Bitoff?
Bitoff is an online peer-to-peer cryptocurrency trading platform that facilitates the buying and selling of various cryptocurrencies. The platform allows users to create offers to trade cryptocurrencies for a wide range of payment methods, including bank transfers, gift cards, and even cash in person. Bitoff with its user-friendly interface, enables individuals to access cryptocurrencies and engage in decentralized finance (DeFi) activities, making it a key player in the evolving landscape of digital finance. Also, Bitoff lets users spend their crypto on Amazon and helps them save up to 30% on their required products from Amazon.
What does Bitoff do?
Bitoff facilitates the peer-to-peer buying and selling of cryptocurrencies. Users can create offers to trade various digital currencies, using a wide range of payment methods, including bank transfers, gift cards, and cash. Bitoff acts as an intermediary, ensuring secure transactions by holding the cryptocurrency in escrow until both parties fulfill their obligations. This platform serves as a gateway for individuals to access cryptocurrencies and engage in decentralized finance (DeFi) activities, fostering financial inclusion and participation in the digital economy. It also helps to connect Amazon Shoppers and Earners. The Shoppers spend crypto on the desired product and get a discount, while the Earners spend their cash/amazon gift card to turn them into crypto.
What are the benefits of using Bitoff?
Bitoff supports a wide range of payment options, including bank transfers, PayPal, gift cards, and even in-person cash transactions, providing flexibility for users to choose their preferred method. Also, it connects buyers and sellers directly, allowing for competitive pricing and a decentralized approach to cryptocurrency trading. Bitoff's platform is accessible to users worldwide, enabling people from diverse regions to engage in cryptocurrency trading and access the benefits of digital finance. Bitoff's user interface is designed to be intuitive and easy to use, making it accessible to both novice and experienced cryptocurrency traders. Users can maintain a level of privacy since transactions are conducted directly between buyers and sellers without the need to disclose personal information. Bitoff has a supportive community and customer service team to assist users with any issues or questions they may have during the trading process. Bitoff offers a unique trading experience that benefits both Shoppers and Earners. By signing up as either a Shopper or an Earner, users can take advantage of up to 30% off when spending crypto as a Shopper, while also turning Amazon gift cards into Bitcoin for the Earner. Overall, Bitoff offers a convenient and accessible way for individuals to buy, sell, and trade cryptocurrencies while promoting financial inclusivity and security.
Can Bitoff be trusted?
Our transaction system utilizes the secure Escrow payment method, which is one of the safest financial arrangements available. Bitoff ensures the protection of your Crypto, and it will only be transferred once the product has been delivered to you.
What are the Payment Methods in Bitoff?
Bitoff offers over 600+ of payment methods to facilitate cryptocurrency trading between buyers and sellers. Some of the most commonly used payment methods on the platform include: Bank Transfers like SEPA, SWIFT, IMPS, etc. Online Wallets like Paypal, Skrill, Neteller, etc. Cash Payments Gift Cards like Amazon, eBay, iTunes, and Google Play, etc. Debit/Credit Cards Digital Currencies Goods and Services Game Accounts etc.
Who is the Trade Maker?
In Bitoff, the Trade Maker is the user who initiates a cryptocurrency trade by creating an offer. They set the terms of the trade, including the cryptocurrency amount, price, and preferred payment method. These trade offers are visible to other users on the platform, known as Trade Takers, who can choose to accept and complete the trade based on the Trade Maker's terms. This peer-to-peer trading model allows for flexibility and customization in cryptocurrency transactions on Bitoff.
Who is the Trade Taker?
In Bitoff, the Trade Taker is the user who selects and accepts an existing cryptocurrency trade offer created by a Trade Maker. They do not initiate the trade but rather choose from available offers that match their desired criteria, such as cryptocurrency amount, price, and payment method. Once a Trade Taker accepts a Trade Maker's offer, they follow the provided instructions to complete the transaction. This system allows users to find and execute cryptocurrency trades that align with their preferences and needs while maintaining a peer-to-peer trading environment on Bitoff.
Who is the Shopper?
As a Bitcoin user, the Shopper can easily purchase products on Amazon and enjoy a discount of up to 30% on their chosen item. Once the selection is made, the Shopper simply checks out and waits for an Earner to pick up the order.
Who is the Earner?
The "earner" refers to a user who is interested in earning bitcoin. They can do so by purchasing a product on behalf of a "shopper" and receiving up to 99% of the product value in Bitcoin.
What happens if the "Earner" has no remaining Gift Cards?
It's not mandatory to use a gift card on Bitoff to earn Bitcoin; the earner can also pay with cash.
Is it possible for someone to work as both a Shopper and an Earner simultaneously?
With Bitoff, you can both shop and earn simultaneously, maximizing your benefits from the platform.
What is the Earn List in Bitoff?
It is the list in which the Shoppers add the orders they need to buy and the Earners pick the order from it on which they want to spend their cash.
What is the Wallet page for?
For orders to be accepted, Shoppers must top up their account balance. This balance will be stored in their wallet and can be used or withdrawn at any time. Once the purchase is complete, Bitoff will transfer the Bitcoin from the Shopper's wallet to the Earner's wallet. The Earner can choose to spend or withdraw the Bitcoin as a Shopper.
Does the entire process occur on Amazon or Bitoff?
The entire process occurs on Bitoff, except for when the Shopper searches for a product (which can also be done on Bitoff) and when the earner makes a purchase. These two steps are handled by Amazon.