How to Post a Sell Trade Ad
A BuyCoins sell trade ad is an advertisement that lets other users know you’re willing sell cryptocurrency. Trading Peer-to-peer on BuyCoins is secure and instant. This means that withdrawals to your bank account after peer-to-peer trades arrive at your bank account instantly.
Coins are escrowed - During a trade, the coins are held in escrow and only released when payment has been confirmed.
Step 1: Go to the post a trade ad page
Click the hamburger menu and select 'Post a Trade Ad'.
Step 2: Create a sell trade ad
To post a sell trade, select the ‘Sell 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*.
*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: Set your sell trade ad preferences
From the 'Post a Trade' ad page, set your trade ad preferences by selecting the naira price per unit of BTC you are willing to sell, and the minimum and maximum amounts you’re willing to sell. You can set your preferred price according to your needs and how quickly you want to sell.
Step 4: Confirm Trade Ad
After confirming your amount and the Minimum and Maximum trade limits, click on 'Review Details'. After clicking on 'Review Details', you will be taken to a 'Confirm Trade Ad' page where you go through the details of your sell trade ad and confirm that the details are correct.
Click on ‘Post Sell Trade Ad’ after you're satisfied with the information displayed.
After clicking on 'Post Sell Trade Ad', there will be a pop up informing you that if you proceed, the maximum amount of bitcoin you wish to sell would be escrowed. Click on 'Post Trade Ad'.
Your sell trade ad has successfully been created and you'll see a summary page of your sell trade ad. As soon as payment is made for your trade, the coins would be released to the buyer.
After successfully posting a sell trade ad, 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.