How to create a Buy Trade Ad
At iDeyPay, buy trade ad is an advertisement that lets other users know you are willing to buy bitcoin. Trading in iDeyPay marketplace is secure and instant. This means that your coins are released to you immediately you make payment to the seller.
To be able to trade peer-to-peer on iDeyPay, you need to have an iDeyPay account, you can create one here.
1. Login or Sign Up.
Visit ideypay.com, or download our Android app, iDeyPay from Google Play Store.
Click “Login” if you have an account already, or “Sign up” if you don’t have an iDeyPay account.
2. Select the Create an Ad option.
Once you’re signed in, click on the menu icon then select the option that says “Create an Ad“.
3. Select the Buy Bitcoin option.
Choose the “Buy Bitcoin” option.
4. Fill the Form.
Select how you want to pay. A list of your added bank accounts will be in the list with other options like Bank Transfer, Naira Wallet etc.
Each payment option serves it purpose:
- Naira Wallet: For instant automatic trading without the other user input. You need to have money in your Naira Wallet to select this option.
You can learn how to deposit money to your iDeyPay Naira Wallet here. - Bank Transfer: Paying with other bank accounts not added to the iDeyPay platform, if you select this option. You have to provide the bank account details in the real-time trade chat.
- Your Added bank accounts: The account selected will be sent to your trade partner for payment.
- Bank Transfer or Naira Wallet: Users can choose to pay you with any of the two.
Click ‘Dynamic‘ or ‘Static‘ to select the price type.
Dynamic price type is a feature that enables users to create trade ads at rates that change based on a drop or spike in the general price of bitcoin.With dynamic price type, we pull the bitcoin price from Blockchain API in USD and multiply it with the Naira exchange rate you will manually set.
Static price type is a feature that enables users to create trade ads at a fixed Naira exchange rate per BTC which will never change.
Provide your Price Exchange Rate in Naira (buying price) based on dynamic price type OR Price per BTC based on the static price. For example: A dynamic price will be like 380 Naira/USD while a static price will be 2,500,623 Naira/BTC.
Your Price: Is the current price per BTC that appears. If dynamic, it will change based on the Blockchain’s API multiplied by USD Price Exchange Rate which you provided in the text field. If static, it will remain the same as the Price per BTC you inputted.
Set your minimum transaction limit and maximum transaction limit.
If you select Dynamic price type, you get the option to set your maximum price limit. This is optional, if you set this rate, no matter the bitcoin price rises, it will never surpass the max. price limit you set.
5. Submit.
After filling the form, Click “Submit”. If successful, you will be redirected to the trade ad page.
- Your trade ad is now active and you can see it on iDeyPay marketplace.