How to Post a Buy Trade Ad
A BuyCoins Buy Trade Ad is an advertisement that lets other users know you’re willing buy cryptocurrency. Trading Peer-to-peer on BuyCoins is secure and instant. This means that your coins are released to you immediately you make payment to the seller. No wait time.
We now escrow NGNT for peer-to-peer trades, but you can choose to opt-out of this.
What this means is that your buy trade ads are fulfilled instantly because the NGNT is released to the seller immediately they engage with your trade, and in turn, you get your coins. Escrowing your NGNT lets your trade ads rank higher than other trade ads that don't have NGNT in escrow
Buy trade ads with escrowed NGNT have an "Instant fulfillment" tag that sellers can see when viewing the trade ads.
Step 1: Go to the Post a Trade Ad page
Click the hamburger menu and select 'Post a Trade Ad', or select "Trade P2P" at the bottom of the dashboard.
Step 2: Create Buy Trade Ad
To post a buy trade, select the ‘Buy’ option on the 'Post a New Trade Ad' page, select the coin you wish to trade, set your price per coin. Click on the 'Static Price' drop down if you would like to select a dynamic price*.
Set 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. After setting your trade preferences, click on 'Review Details'.
*Dynamic Pricing is a feature that enables users create trade ads at rates that change depending on a drop or spike in the general price of cryptocurrency.
Step 3: Post Buy Trade Ad
On the Confirm Trade Ad page, verify that the details of the trade are correct. Click ‘Post Buy Trade Ad’ after you're satisfied with the information displayed.
After clicking on 'Post Buy Trade Ad', you then see a summary page of your trade ad.
When someone attempts to sell to you, NGNT will be automatically debited from your account. If you do not have enough NGNT, you would need to deposit Naira into your NGNT account to complete the trade. You have only 15 minutes to make this deposit before the trade expires.
After successfully posting a buy trade, the trade becomes active. However, there are two states your trade ad can be in:
- Active: This means that your trade ad is visible to everyone.
- Inactive: This means your trade ad won't be visible to anyone but you.