On CoinCola, there are two ways to buy cryptocurrencies(OTC). You can either use the search system or post a buying advertisement. This article will guide you through the two different methods.
Use the search to find offers and place an order. (e.g. Buying BTC)
Create an account on CoinCola and complete your identity authentication, then click “Buy BTC”.
Step 2: Choose a seller and click “Buy BTC”.
- Click “OTC” to see the following interface (take BTC as an example), click “BUY”, then select currency BTC, check the price and the amount you want to buy,click “Buy BTC”.
- Enter the amount you need to purchase or the number of BTC (please understand the seller's advertising information,like the Limits、Payment method and the Time of payment).You can check if the seller is online by contacting them. If the seller is online, you can click "Buy Now".And confirm your order information.
You need to ask the seller how to pay him, then you need to pay according to the seller’s request,like using Paypal,Alipay or Bank card to pay the seller.
- You will see “Mark as Paid” button after locking the order. Beside the button there will be a 15 minutes countdown time for the order. Complete the payment and click “Mark as Paid” before the countdown is over.Otherwise, the order will be automatically cancelled.
- After you complete the payment, wait for the seller to release the coins.
- When the seller confirmed they received the payment, the seller will release the cryptocurrencies. The cryptocurrencies will be transferred to the buyer from CoinCola’s trustee system. In History Records, you can see the cryptocurrencies you bought transferred into your account.You can give a review for the seller and click "Wallet" to see the coins you bought.
Congratulations! You have completed a trade.
Second Method:post a buying advertisement
By posting a buying advertisement: Create a buying advertisement and wait for seller to place the order.
Step 1: Click “Advertise” button
- Click "Advertise" to go to the Post ad page.
- Take the BTC “Online buy” ad as an example to view the advertising rules.
Step 2: Fill in or Select the options as required
- Choose the "Online buy",select the Location and currency,after you fill in the Margin,the system will automatically generate the Price.
- Fill in the Minium transaction limit and the Maximum transaction limit which means that the amount of the seller’s order can only be within this range.The trade time limit means you must complete the payment within this time.
- Select the payment methods you support and enter your terms of trade（leave a message for sellers）。It is recommended to enable the "Verified users only",and if you have trusted sellers you can choose to enable the "Trusted users only".You can also choose the "Show advanced" to set advert time schedule.
Step 3:Click “POST” button
- After doing all of these,you can click the "POST" to post a Buying Advertisement
Congratulations! You have learned how to post a buying advertisement.