In-person Bitcoin Exchange DEALCOIN Shares Sell Out in Six Minutes on Bitcoin Securities Platform

CENTRAL DISTRICT, Hong Kong - Sept. 4, 2013 - PRLog -- Dealcoin raises 500 Bitcoins in 6 minutes on Bitcoin securities platform Havelock Investments on Tuesday Sept 3rd. The successful public offering of Dealcoin (www.dealco.in), the in-person Bitcoin exchange, underlines the high demand for serious Bitcoin ventures with a long-term vision among Bitcoin investors. Although most of the funds trading on bitcoin-denominated exchanges are related to Bitcoin mining, there is an increasing number of public offerings of non-mining stocks which should help Bitcoin investors diversifying their portfolio.


Dealcoin, currently in private beta, enables the direct buying and selling of Bitcoins between members of a local community. Once the elements of a Bitcoin transaction (amount, price, and channel) have been agreed upon by the parties the transaction can be done through the chosen channel such as hand to hand cash exchange, payment through a bank transfer or an online transfer system. Dealcoin does not charge any commission on the trades and is not involved in any fiat currency trades.
"I thought about an in-person exchange for Bitcoins while I was in China, which at the time was not the easier place to trade Bitcoins, specially for foreigners." reveals Hakim Mamoni, founder of Dealcoin. "My objective is to offer an alternative to online exchanges for people who may prefer to deal directly, in-person, or via wire transfer. In the next couple of months we will add an escrow service so that traders can be assured Bitcoins are safely stored while performing the government currency side of the deal", adds Hakim.


Dealcoin does not charge any commission on the trades and is not involved in any fiat currency trades. This means Dealcoin avoids the regulatory issues which have disrupted - or terminated - the operations of so many Bitcoin exchanges to date. It is also a way to keep operational costs low. In addition to the services developed for dealers on the platform (the only category of members paying to deal on the site) Dealcoin will offer new premium services in the next few months to help its dealers and members trade efficiently and safely.

Listing on Havelock Investments is just the first step of bigger plans in the Bitcoin ecosystem for Hakim who is also the CTO and co-founder of Seedcoin (www.seedco.in), a Bitcoin startup incubator which aims to develop 15 Bitcoin startups such as Dealcoin in the next twelve months. Given the warm reception of Seedcoin-incubated startup Dealcoin by the Bitcoin investment community there seems to be a bright future ahead for Bitcoin startup entrepreneurs willing to venture in all sectors of the digital currency economy.