This looks good however there are thousands of crypto payment please how is Ethbay different?
Of course! We understand the large amount of competition currently in the cryptocurrency space.
One major feature our platform offers is complete anonymity with no personal information required to register on or to use the site. Since other marketplaces require at least some personal information to be able to register. Even if it's just an email address. This also includes an encrypted messaging system to be able to communicate with other users with complete privacy.
Many other marketplaces such as Bitbay also require the usage of the platform's own cryptocurrency to be able to make purchases on the site. While we do plan to implement the acceptance of Ethbay tokens for purchases on our platform, we also want to provide a space that makes cryptocurrency in general a more usable form of money. Since a common complaint is that cryptocurrency can't be used to buy much since most places don't accept it. Obviously, some other marketplaces do accept other cryptocurrency which I will cover in this next point:
Other marketplaces generally only accept bitcoin or in rare cases a couple other cryptocurrencies. While Ethbay is an Ethereum marketplace, we will have a built in exchange service to accept almost any cryptocurrency when making purchases that will quickly and easily be exchanged for Ethereum when transferring the funds to the seller. We currently estimate that about 80% of all cryptocurrencies will qualify for the exchange service. The other 20% are cryptocurrencies with especially low trading volumes that would be difficult to quickly exchange so these would not qualify for this service. There will be a small fee charged to use this exchange service that will be shared with token holders in addition to the 1% transaction fees.
In addition, other marketplaces generally only focus on the ability to buy and sell goods. Ethbay also wants to offer the ability to buy and sell services (like a decentralized fiverr) with a platform feature called Ethbay Services. As well the ability to transact locally using Ethereum as a base currency with another platform feature called Ethbay Classifieds. Just like with the buying and selling of goods, this service will significantly reduce fees normally charged when buying and selling services since fiverr charges a 5% fee to the buyer and a whopping 20% fee to the seller. Our built in cryptocurrency exchange can also be used to make purchases on both of these other platform features although Ethereum will remain as the base currency.
For people who wish to use the platform but don't own any cryptocurrency due to the high barriers of entry currently present to enter the cryptocurrency space, we have that covered as well. We plan to offer an easy to use fiat exchange to quickly buy Ethereum with fiat to use on the platform. We are experimenting with ways to offer this service in a secure manner without requiring any identity documents to use it (again the anonymity feature). Again, a small fee will be charged to use this service that will be shared with token holders.
This is not intended as an exhaustive list of differences between Ethbay and other competitors but just highlights a few major differences.