Australia based Bitcoin and Litecoin auction site CryptoThrift Becoming an Alternative

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Australia based Bitcoin and Litecoin auction site CryptoThrift Becoming an Alternative
Australia based Bitcoin and Litecoin auction site CryptoThrift Becoming an Alternative

Australia based Bitcoin and Litecoin auction site CryptoThrift Becoming an Alternative

Emerging as an alternative to eBay for the users of cryptocurrencies, Australia based Bitcoin and Litecoin auction site CryptoThrift brings a large variety of products. The listed products ranging from Starbucks gift cards and books, to a Cessna airplane, are now available for customers in the exchange of Bitcoin and litecoin.

In a press release the auction company says that due to the tech oriented nature of cryptocurrency; it is a good option for enthusiasts looking for specific computer hardware, Bitcoin miners, games and Xbox accessories. It is the right online marketplace for small businesses and the general public to buy and sell goods and services for Bitcoin and Litecoin.

Launched not long ago but the last year at the end of 2013, CryptoThrift has become the largest and most active auction site in the Bitcoin community. It has more than 6000 members who actively participate in the entire process which has been made transparent as it has registered itself with Australian ASIC.

Thus, being a registered business, CryptoThrift strives to offer a secure and progressive marketplace for the ultimate buying and selling experience for customers who think Bitcoin and litecoin are the right alternative to fiat. Though the services are quite similar to the one that are being offered by eBay, here customers get security and anonymity.

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Charge-Back Free and Low Fee Payment for Customers

Additionally, here customers also get charge-back free, and low fee payment environment cryptocurrencies provide. The press release informs that the auction site also offers an inbuilt and automated escrow system; thus, it not just secures buyers’ funds until they are happy with their received purchase but also helps them keep faith in it.

The company claims that it came to existence thanks to the common goal of some IT professionals, web developers, editors and system administrators who came to help bring a user friendly platform. Now, CryptoThrift offers both `buy it now´ and auction sale formats wherein both options display the price in BTC and LTC with the Dollar amount as reference.

Moreover, as the prices are constantly updated, a price ticker displays the update in the left hand corner with currency pairs BTC/USD and LTC/USD. Thus, users are able to search the site in the search bar or browse by category to know the latest exchange value and several other important information that they can use while bidding.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com