How does Mycoin auction work?

Jean Krans asked, updated on January 2nd, 2021; Topic: mycoin auction
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My Coin Auction is a fast growing online platform that enables you to participate in a virtual auction where you can bid and buy virtual coins called "My Coin", sale them and make a small fortune in either 5 days, 10 days or 20 days.

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Conjointly, is my coin auction legit?

This company is just a scam, they let us buy coins by paying other people in their preferred bank and then require us to confirm that we have paid.

Anywho, where can I cash in Bitcoins? A common way to cash out Bitcoin is through a third-party exchange, such as Coinbase, Kraken, or Bitstamp. Most cryptocurrency exchanges have reasonable fees and security measures in place to help you turn your cryptocurrency into cash without putting your assets at risk.

Be that as it may, how do you put proof of payments on a coin auction?

What do you do with old coins?

Let's look at the 3 main ways to sell your coins.

  • 1.) Sell to a Coin Shop - Now the coin dealer is going to buy them for less than they are worth, and this is normal. ...
  • 2.) Physical Auction - You may want to find an auction and see if the auction house is interested in listing your collection. ...
  • 3.)
  • 9 Related Questions Answered

    How do I sell my coin auctions?

    How do you cancel a bid on coin auction?

    Go to your 'my bidorbuy' and get into the 'Seller View'. Click on "Open Items" in the 'Activity' section. In the page that appears, click on 'View Bids'. Click on 'Delete'.

    How do I cancel my coin auction account?

    From the Settings tab Click the Remove Account and follow the steps to delete your account.

    Is my coin auction legal in South Africa?

    MCA coins are not money, one coin is equivalent to R1 not that one coin is R1. ... So people when investing through MCA just relax and make money, MCA is not going anywhere and MCA is not doing anything illegal in terms of the law of South Africa. Keep on bidding and also teach your kids to bid otherwise you will die poor.

    How do you auction coins?

    Coin Expert Advice – Ten Tips For Selling Your Coins
  • Don't Get Into a Forced Sale Situation. ...
  • Pick the Right Time for Selling Your Coins. ...
  • Send Your Coins to CAC. ...
  • Strike While the Iron is Hot. ...
  • Clean Your Slabs. ...
  • Leave Your Old Holder Coins in Old Holders (sometimes). ...
  • Attribute Your Coin(s). ...
  • Have an Emergency Plan.
  • What are the top 10 rarest coins?

    Top 10 Rare U.S. Coins
    • 1933 Saint-Gaudens Double Eagle. ...
    • 1804 Draped Bust Dollar. ...
    • 1861 Confederate States Half-Dollar. ...
    • 1974 Aluminum Penny. ...
    • 1913 Liberty Head Nickel. ...
    • 1776 Silver Continental Dollar. ...
    • 1943 Copper Penny.

    What 1943 penny is worth money?

    The 1943 copper cents are extremely rare and valuable. Only a couple dozen pieces were made, and each is worth about $100,000. While 1943 copper cents weigh about 3.11 grams and don't stick to a magnet, the more common steel cents (which weigh 2.8 grams) adhere to a magnet.

    Are old Sixpences worth anything?

    Do look out for pre-1947 sixpences in the collection: they are more valuable coins as they contain silver. Those struck before 1920 are made of 92.5% silver, so accordingly are worth almost double. Rare coins, such as a 1893 sixpence with the Victoria jubilee head, could be worth thousands of pounds.

    Where is the best place to sell coins online?

    There are a few different places to sell coins:
    • Stack's Bowers – They provide certified coin and currency auctions (formerly Teletrade)
    • Heritage Auctions – A consignment program for coins.
    • eBay – View all live coin auctions here.
    • CoinWorld – They have an online coin classifieds forum.