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How To Trade Cryptocurrency On Cryptolocally

Toturials / June 19, 2022

Step By Step Guide For Cryptolocally

Cryptolocally is a unique kind of peer-to-peer (P2P) cryptocurrency exchange. CryptoLocally is a non-custodial, smart contract powered P2P trading platform and fiat gateway to Decentralized Finance. It is the fastest, secured, cheapest and easiest place to buy/sell cryptocurrency in your local currency! The benefits of using cryptolocally.com are numerous, which include non-custodianship of your assets, only soft-KYC requirement and availability of over 300 options for buying cryptocurrencies, including mobile money, bank transfer, credit card, E-Wallets, gift cards and more. 

This guide covers: 

  1. Creating Your Cryptolocally Account 
  2. Buying Cryptocurrency On Cryptolocally  
  3. Selling Cryptocurrency On Cryptolocally

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CREATING YOUR CRYPTOLOCALLY ACCOUNT 

Creating a cryptolocally account is very easy, just head to: https://cryptolocally.com and follow these steps:

1. Click on the Signup and Start trading button on the homepage or click on Signup at the top right menu

signup

2. Fill out the details in the form and hit on Submit. (Use oOodK as your referral code!)

3. You will be sent an email. Open your email and hit the Verify Email button

Now your account is verified and you will be redirected to cryptolocally.com. You will see a popup with congratulatory message and two buttons related to setting your account notification. Enable notifications right away by clicking on the first button or wait to enable later by clicking on the second button.

BUYING CRYPTOCURRENCY ON CRYPTOLOCALLY

1. To buy cryptocurrency on Cryptolocally, you will first need to select the Specific Cryptocurrency you want to buy at the top of the screen.

select crypto

2. Click on Buy at the top left menu

Next, you will see a list of all sellers matching the cryptocurrency you chose to buy.

sellers

To continue with the purchase, use the options above the sellers to set the parameters of your trade.

  1. You can use the options here to sort sellers based on the prices they sell, reputation level, recent sellers or activeness. 
  2. Select the payment method you will like to use for your purchase. Eg. mobile money, gift cards, bank transfer, debit/credit card etc. 
  3. Select your country of location. Eg. Ghana, Nigeria etc.
  4. Select your local currency or the currency of your location.

Next, you will see a list of all sellers matching the parameters you set.

  • Select the seller you want, and hit the Buy tab on the right. You can tap on the name of a seller to view his profile, including his total number of completed and positive transactions. 
  • On the following page, you will see more details of the offer. Set the Receiving Account (Your address) and input the Trade Amount you want to buy and hit on PUBLISH OFFER. You can use Cryptollocally Finance Wallet or a different wallet of your choice. 
  • On the next page, wait for the seller to Agree On Terms, you also have the option to chat with the seller and follow the simple instructions in the following pages to complete the purchase. 
  • The seller will share a secure payment method you chose for you to make payment.
  • When you have made the payment, hit the PAID button to confirm it’s done.

You will receive a confirmation as soon as the seller confirmed your payment and release crypto. 

SELLING CRYPTOCURRENCY ON CRYPTOLOCALLY

Selling cryptocurrency on cryptolocally almost follows the same procedures for buying cryptocurrency on the platform. 

Follow these steps to sell cryptocurrency;

  1. Select the crypto you want to buy in the menu
  2. Click on Sell in the menu

Next, you will see a list of all Buyers matching the cryptocurrency you chose to sell. 

  1. Set the parameters for your trade. Eg. choose your location, local currency and payment method
  2. Select the buyer you want, and hit the Sell tap on the right.
  3. On the following page, you will see more details of the offer.  Input the Trade Amount you want to sell and hit on PUBLISH OFFER.
  4. On the next page, wait for the seller to Agree On Terms, you also have the option to chat with the seller and follow the simple instructions in the following pages to complete the transaction. 
  5. Fund the escrow with the trade amount
  6. Share your payment information (eg. mobile money number, account number etc.) with the buyer in the chat and wait for him to make payment.
  7. Confirm payment and release escrow.

Buying/Selling cryptocurrency with CryptoLocally is very simple and easy! Visit www.cryptolocally.com and open your free Cryptolocally account. After completing your first transaction, leave us a comment below about your experience.

You can find out more about cryptolocally.com in the Cryptolocally Africa Telegram group: https://t.me/cryptolocallyAfrica