How to post a trade

A Bitkoin Africa Trade Posting is an advertisement that lets other users know you’re willing to buy or sell Bitcoin. It shows how much Bitcoin you’re willing to buy or sell (including the minimum and maximum amounts) and the rates at which you’re willing to buy or sell. A Trade Posting is one sure way to reach your potential Bitcoin customers without needing to look for them.

When you create a Trade Posting on Bitkoin Africa, you save yourself the hassle of having to search for buyers or sellers from the Bitkoin Africa trading page. Instead of going to them, they will come to you. All you need to do, after creating a Trade Posting, is await a deposit into your bank account or Bitcoin Wallet. A Trade Posting is perfect for more serious traders who want to buy/sell to the most people they can.

Trade Posting Requirements

Bitkoin Africa provides escrow services; meaning that all Bitcoin intended for sale/payments for Bitcoin are first deposited by the seller/buyer, held by Bitkoin Africa, and then dispensed to the appropriate buyers/sellers. Therefore, in order to create a Trade Posting, you must meet the following requirements: -
  • Your account must be completely verified. You can find out how to do that here.
  • If you want to sell Bitcoin, your Bitcoin Wallet's available balance must have at least the maximum amount you intend to sell plus our trade charge fee (0.5%).
  • If you want to buy Bitcoin, you need to pay for (with your card or bank account) the maximum amount you intend to buy plus payment processing fees (4% of the total amount to be paid + ₦50, with a maximum of ₦2050).

Step 1: Go to the Trade Posting page

You can do this by clicking the ‘Post a Trade’ link at the top right corner of the navigation bar from any page.

how_to_buy_and_sell_bitcoins

Step 2: Set your trade preferences

From the Trade Posting page, set your trade preferences by selecting if you want to buy or sell Bitcoin, the price per Bitcoin you’re willing to buy or sell, and the minimum and maximum amounts you’re willing to buy or sell.

The price per Bitcoin that appears is the current price automatically drawn from Coindesk’s API multiplied by USD rates on AbokiFX. However, you can set your preferred price according to your needs or how quickly you want to buy or sell Bitcoin.

Creating a sell Trade Posting

 If you’d like to sell Bitcoin:
  • Select the 'I want to sell my Bitcoin' option from the drop-down menu and click 'Continue'.
Bitkoin_Africa_static_trade_sell
  • Set your preferred Price per Bitcoin and click ‘Continue’. If you'd like to set a dynamic price, you can find out how to do that here.
Bitkoin_Africa_static_trade_posting
  • Set the limits for your trade and click 'Create Trade Posting'
Bitkoin_Africa_sell_trade_posting
  • Before your Trade Posting can go live, you need to activate it. To protect all parties involved in a trade, Bitkoin Africa acts as an escrow service. By activating your trade posting, you are authorising us to deduct the total amount you want to sell (plus our trade fee) from your Bitcoin wallet. To do this, click ‘Activate Trade Posting’.
Bitkoin_Africa_activate_trade_posting
  • Your trade posting is now active and you can see it in your list of active Trade Postings.
how_to_buy_and_sell_bitcoins_2 

Creating a buy Trade Posting

If you’d like to buy Bitcoin: 
  • Select the 'I want to buy my Bitcoin' option from the drop-down menu and click 'Continue'.
Bitkoin_Africa_static_buy_posting
  • Set your preferred Price per Bitcoin and click ‘Continue’. If you'd like to set a dynamic price, you can find out how to do that here.
Bitkoin_Africa_Trade_Posting_limit
  • Set the limits for your trade and click 'Create Trade Posting'.
Bitkoin_Africa_buy_trade_limit
  • Before your Trade Posting can go live, you need to activate it. To ensure security for all Bitcoin transactions, Bitkoin Africa acts as an escrow service. By activating your trade posting, you are agreeing to deposit the maximum amount you want to buy (plus payment processing fees). To do this, click ‘Activate Trade Posting’.
how_to_buy_and_sell_bitcoins_activate_Trade_posting
  • Confirm that the details are correct, then click ‘Activate Trade Posting’. You can deposit the total amount via your card or bank account.
how_to_buy_and_sell_bitcoins_activate_Trade_posting_2
 

Paying with card

If you’d like to deposit the escrow amount with your card, select the ‘Pay with card’ option on the payment window. Input all the necessary card details, then click ‘Pay’.
 
"trading_bitcoins_buy_and_Sell "

That’s all!
how_to_buy_and_sell_bitcoins_with_debit_Card

Your Trade Posting is now live and you can see it in your list of active Trade Postings 

how_to_buy_and_sell_bitcoins_view_trade_postings  

Pay with bank

If you’d like to deposit the escrow amount via your bank account, select ‘Pay with Bank’ on the payment window. This option is currently available to users with:
  1. Access Bank
  2. Diamond Bank
  3. Fidelity Bank
  4. First City Monument Bank
  5. Guaranty Trust Bank
  6. Zenith Bank
To deposit the escrow amount via your bank account:
  • Select your bank from the drop-down menu.
  • Verify your account by entering your account number and clicking the ‘Verify Account’ button.
how_to_buy_and_sell_bitcoins_bank_account
  • Enter your date of birth and the one-time password (OTP) that has been sent to your phone, then click ‘Complete Registration’.
how_to_buy_and_sell_bitcoins_bank_account_2
  • Another OTP will be sent to your phone. Enter the second OTP and click ‘Pay’.
  • That’s all!
how_to_buy_and_sell_bitcoins_bank_account_3
Your Trade Posting is now live and you can see it in your list of active Trade Postings

how_to_buy_and_sell_bitcoins_view_trade_postings
 

Step 3: Your Trade Posting is live!

All active Trade Postings appear on the Bitkoin Africa trading page. If you create a sell Trade Posting, your trade will appear on the sellers’ page.

how_to_buy_and_sell_bitcoins_view_trade_posting_2
And if you create a buy Trade Posting, your trade will appear on the buyers’ page.

how_to_buy_and_sell_bitcoins_view_trade_posting_3


Other guides that can help make your Bitkoin Africa experience better include: How to sell Bitcoin, How to buy Bitcoin, How to post a trade with dynamic pricing, and How to buy Bitcoin using an external Wallet.      
 

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