The current version of the MasterBitExpress Bitcoin Wallet brings with a new set of features providing capabilities for selling and for buying Bitcoin assets from within the wallet, i.e., for providing trading capabilities between two participants – the seller and the buyer. The overall effect of buying and selling is exactly the same as well as the overall effect of having the asset. The data within the region 10 corresponds to the aggregated seller, being respectively: the nickname of this seller; the currently active offers of this seller; the country of this seller; the preferred language of this seller (canonically his/her natively spoken language); the currency of this seller (an aside here is that PayPal will perform the corresponding conversion from within the seller account according to the seller choices under the seller PayPal account, which is a matter solely between the seller and PayPal); the total of active offered amount this seller is currently selling considering all of his/her active offers. The steps that are required to post an offer as a seller are analogous. This aside is to say that the following steps 1, 2 and 3, beneath, need to be fulfilled prior to start trading within the MasterBitExpress Platform.
Following after the step 7, the example beneath, step 8, shows an aggregated seller according to the choices of the buyer. The following explanation is going to illustrate the necessary steps required to buy asset, i.e., to post an offer as a buyer. At step 6, it is possible to give up by exiting; case proceed, the platform performs housekeeping, step 7, as a prep for aggregating sellers to buy according to the choices defined by the buyer regarding the offer. The first checkbox is to define whether the offer is to be available to all forthcoming sellers, the second checkbox is to define whether the offer is to broadcast to specific sellers and the third to define whether the offer amount is to be exactly the specified amount. Once the possible scenarios regarding the trading is secured, the PayPal interface is then shown to the buyer for execution of the payment to the seller as depicted by the steps 20 and 21, so that with the completion of the match as depicted by the steps 22, 23, respectively regarding the results of the completion regarding the buyer transferring currency to the seller through PayPal Technology and the seller successfully transferring the asset of the offer to the buyer (the amount received by the buyer of 0.000555 BTC is reduced in relation to the offer amount of 0.00065 BTC, step 23, by virtue of mining fees).
Once the Assets Trader interface opens, via step 14 or via step 15, the trader is paired (there is a recurrence of intervals of 30 seconds for pairing open channels), and the trader may invite a matched trader to trade. Besides aspects that rely on accountability for legal purposes, the register is the place where the trader registers his/her/its PayPal email address. The ‘Trader Mode: Seller’ refers to the aggregated trader in relation to the choice previously made by the buyer trader (this latter the aggregating trader being considered). The step 16 depicted beneath illustrates the situation of a buyer that clicks on the invite button to invite a seller from the United States to trade the matched offer. The step 9 is the selection of the aggregated seller by selecting the ‘Select All’ checkbox. The step 18 illustrates an arbitrary situation of a seller that received an invitation from a Brazilian buyer, so that the acceptance is executed by clicking on the accept button. Under simple terms, the seller that sells asset transfers the asset to the buyer, both being secured by the Bitcoin Contract Technology. The checkboxes within the region 8 need to be selected by the buyer prior to broadcasting to this specific seller.
So that the buyer has been completed with broadcasting his/her/its offer according to the definitions defined by step 5. How do traders visit the current offers and trade? This is also simple to do. The step 5 that follows regards the definition of the offer the buyer is going to post (or cancel, of course). The Technology behind Contracts is the mechanism of asset custody so that this regards registration of ownership. Blockchain is always the destination, since it is a ledger that has the registering purpose of asset ownership. We are going to refer Bitcoin as asset interchangeably through this explanation on how to use the provided technology. The trading asset is Bitcoin. Please, update Your version accordingly to use the Trading Platform. IMPORTANT: The Trading Platform now requires version of the MasterBitExpress BTC Wallet that is greater than or equal to the 1.1.1.57 (currently available). If You have backed up (which is always recommended) Your MasterBitExpress wallet through the use of a previous version, You may install the current brand new version of the MasterBitExpress BTC Wallet and restore Your previously backed up wallet as usual.
