How to Post a Buy Trade Ad With Credit Line
Credit line is an exclusive feature on BuyCoins and is only available to specific high volume traders. You can find out more here - Credit Line Information, Deadlines & Penalties.
Traders with credit line on BuyCoins can now trade with their credit line via the peer-to-peer trade platform.
You can post a trade buy trade ad with your credit line in 3 easy steps!
Step 1: Go to the post a trade ad page
Click the hamburger menu and select 'Post a Trade Ad'.
Step 2: Create a buy trade ad and set your buy trade ad preferences
To post a sell trade, select the ‘Buy BTC’ option from the 'Post a Trade Ad' page and set your price per BTC. Click on the 'Static Price' drop down if you would like to select a dynamic price*.
Set your trade ad preferences by selecting the naira price per unit of BTC you are willing to buy, and the minimum and maximum amounts you’re willing to buy. You can set your preferred price according to your needs and how quickly you want to buy.
Step 3: Click on "Use Credit Line" and post your trade ad
If you do not have enough NGNT in your NGNT account to post your ad, you would be given the option to use your credit line to post your trade ad. Click on "Use Credit Line" and click on "Review Details". The review details page shows you the details of the trade ad you're about to put up. Please confirm the BTC amount you're buying and the price per BTC you're buying at, and click on "Post Sell Trade Ad".
When your ad is active, your NGNT will be held in escrow. Once the borrowed NGNT is spent on a trade engagement, you will have 6 hours to pay back. You can view your add in the "Trade P2P" menu.