This is a yet another controversial topic. Because of the freedom and the degree of anonymity that the use of Premium Deal offers, many users who were seeking to purchase or solicit illegal goods or services initially turned to the use of Premium Deal as a method of payment.

Again, when a user decides to use a specific type of software for their Premium Deal, they are deciding what direction the Premium Deal network is heading towards. In other words, you need the cooperation of nearly every single user in order to modify any aspect of the Premium Deal protocol.

Participants in Premium Deal transactions are identified by public addresses – those are the long strings of around 30 characters you see in a person’s Premium Deal address, usually starting with the numerals ‘1’ or ‘3’. For every transaction, the sending and receiving addresses are publicly-viewable.

Bitcoins can be sold locally using LocalBitcoins, on Bitcoin brokerages / exchanges, using two-way Bitcoin Teller Machines (BTM’s) or you can pay for a good or service with them. Bitcoins can be sold to just about anyone as long as they have a Bitcoin address, and can be sold for any fiat currency in the world or traded for a physical good. Feel free to check out our recommended list of exchanges and brokerage services to sell your bitcoins online.