Tutorial: How To Buy From the Hansa Market? (2-of-2 multisig)

http://hansamarket.link

Today we want to show you how to use the Hansa Market, which uses a system that ensures that no funds are lost in the case the market is shut down, making exit scams highly difficult. It uses a mandatory multi-signature wallet for every transaction, meaning that the funds are never fully controlled by the market. You can choose between a 2-of-3 multisig for the buyer, seller, and staff or 2-of-2 multisig as a fallback if you don’t want to bother with multi-signature. Funds can only be accessed by the vendor after orders are finalized and can never be accessed by the market staff only, making theft impossible. Finalizing Early is not allowed in the Hansa Market.

The tutorial below is for a simple 2-of-2 multisig purchase. Click here for a more secure but difficult 2-of-3 multisig tutorial.

Part 1 – Protect your privacy

Step 1: The first thing you’ll need is the Tor Browser, which allows you to conceal your location by redirecting Internet traffic through a network of nodes. Click here to go to the Tor Browser download page and download the version that best suits your O.S.

Part 2 – Create and fund a Bitcoin wallet

Step 1: Click here to download the Electrum wallet. Download the version that best fits your O.S

Step 2: Install the setup and create a new Standard wallet.

Step 3: Go to “Addresses” and use one of the addresses there to receive your Bitcoin with. It’s advisable that you use one address per transaction.

Now that you have created a Bitcoin wallet, you can fund it. Bitcoin can be acquired on na exchange like Kraken or Bitstamp, but these require you to reveal your identity to a third party. You can also buy Bitcoins with cash or cash by mail using LocalBitcoins or Paxful. This ensures a higher degree of privacy.

It is also advisable that you use a Mixer when funding your account. Bitcoin Blender (onion address) has been around for quite some time and it is one of the most used mixers.

Now that your wallet is funded it’s time to create an account on the market.

Part 3 – Create an account with Hansa

Step 1: Click here to sign up for Hansa. Alternatively, you can copy and paste this referral link into your TOR Browser: http://hansamkt2rr6nfg3.onion/affiliate/860
Make sure to use a username and password you don’t use anywhere else (including other markets) to ensure that it can never be traced back to you.

Step 2: Complete the Security Challenge to enter the market.

Part 4 – Configure your Hansa account

Step 1: Click the “Login” button on the top right corner

Step 2: Fill in your account information.

You are now logged into your new Hansa Market account, now it’s time to configure it.

Part 4: Setting up a refund wallet address

Step 1: Click your “yourusername’s Dashboard”

Step 2: Click “Settings“.

Step 3: Go back to your Electrum wallet, select an address, click the right mouse button and click “Public Keys”

Step 4: Select your Public Key and copy it

Step 5: Go back to the Hansa market and paste your public address into the “Bitcoin address” field.

and then hit “Save Settings”

Now it’s time to buy something your heart desires!

Part 5: Searching for an item

Step 1: You can search for items using the Search tool or by browsing the categories. When you use the search tool, you can narrow down your search by choosing the categories. In this case, we want to read a book on LSD, so we’ll search for “LSD”

Step 2: Then, we’ll narrow down your search by clicking “Guides & Tutorials”

You can also use “Filter” to narrow your search down even more

We have chosen this Item:

Part 6: Check your vendor’s feedback

Once you’ve chosen an item, you’ll want to check the seller’s reputation by clicking his profile and checking the number of positive feedbacks, number of orders and Feedback history on other markets. Some users will have a “Trusted member” badge which means they are active in other markets.

Part 7: Make a purchase

Step 1: We have deemed this user as worthy of our purchase due to his positive feedback, time as vendor, and feedback history on other markets. We’ll go back to the item and click “Purchase”

Step 2: We will be taken to the item’s page. Since this is a digital item, there is only one shipping option. For physical items, you’ll want to check the Shipping Options, choose your favorite and click “Buy Now”

Step 3: In the message to the vendor field, you’ll want to enter you address and any other notes you may want to leave to the vendor. You can see the vendor’s preferred address format in his profile.

In order to ensure your address is always safe from L.E, you can encrypt the message manually with your PGP software or using Hansa’s.

Step 4: Click “Continue to Payment”

Step 5: You will be shown a wallet address. send the designated amount of BTC to the address shown and refresh the page

All you have to do now is wait for the vendor to accept your order. Once that happens, your funds will be in a 2-of-2 multi-signature wallet locked between the vendor and the moderators. When your item will be delivered, you’ll need to release the payment.

You can check the status of your order by clicking “Orders”

Once the Order is accepted you’ll receive a notification

and the order will show a “Processing” Status

Once the vendor ships the item, you will receive another notification and the status will change to shipped

Now that you have received your item, it’s time to release the payment to the buyer.

Part 7: Release payment

Step 1: Go to orders and click “Details” on the order you wish to finalize

Step 2: Once there, all you have to do is click “Finalize”

It’s important to note the “Auto Finalize” timer, as the payment will be automatically released to the seller once the timer runs out.

Step 3: Confirm by clicking “Finalize Order”

Step 4: Now it’s time to leave feedback. This is very important as the whole trust system is based on feedback left. Choose the rating according to the quality of the product, time of shipping and price. You can also leave a comment (optional). Click “Submit Feedback”

That’s it! The process is complete. You have purchased your item, and you’ve helped the next customer to make up is mind regarding the seller and item.

If your item doesn’t arrive until the Auto Finalize timer runs out, you can ask to dispute the order by clicking “Dispute”. This stops the Auto Finalize timer and allows you to chat with the moderator assigned and with the seller.