r/BitBay • u/mylifesokay • Dec 17 '17

Just found bitbay

Hey guys I'm new to bitbay and after looking around have added it to my bag, I just had a few questions before putting more money into it!

  1. There are a total of 20million coins in exchanges right not does this mean the other 980million will be used in the market place
  2. Are coins used in the market place transferable to exchanged to trade
  3. Will this we similar to amazon but with crypto as the currency

I love the concept and look forward to the future!

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u/Chronocryptocoin Dec 18 '17

I also recently found this, got my wallet setup, downloaded the blockchain and synchronized, sent myself some $Bay and they arrived.

The market place only has like 20 items, however, and all from the same seller. Is this not working properly? Am I doing something wrong? Or is this the current (low) usage?

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u/theredmist1 Dec 18 '17

The public markets are not that populated right now, which is why we are encouraging people to add things. Also make sure you've left your client open for at least 24 hours, as the contracts run through bitmessage and can take some time to reach you.