How do I complete a P2P trade?

How to Complete a P2P Trade on Fokawa

Completing a P2P trade on Fokawa involves several steps to ensure a secure and successful transaction. Here’s a step-by-step guide:

Step-by-Step Guide to Completing a P2P Trade

Log In: Sign in to your Fokawa account.

Navigate to P2P Trading:
- Go to the "P2P" section on the Fokawa platform, typically found in the main menu.

Select an Advertisement:
- Browse the available buy and sell advertisements.
- Use filters to narrow down the options based on cryptocurrency, payment method, and price.
- Select an advertisement that meets your criteria.

Initiate the Trade:
- Click on the "Buy" or "Sell" button next to the chosen advertisement.
- Enter the amount of cryptocurrency you want to buy or sell.
- Confirm the trade details and proceed.

Communicate with the Counterparty:
- Use the built-in chat feature to communicate with the counterparty.
- Confirm payment details and any specific trade terms.

Make the Payment (For Buyers):
- Follow the payment instructions provided by the seller.
- Complete the payment using the agreed-upon payment method.
- Mark the payment as completed in the chat.

Confirm Receipt of Payment (For Sellers):
- Verify that you have received the payment in your account.
- Once confirmed, release the cryptocurrency to the buyer by clicking the "Release" button.

Complete the Trade:
- Ensure all steps are followed, and the cryptocurrency is released to the buyer.
- The trade is considered complete once the buyer confirms receipt of the cryptocurrency.

Leave Feedback:
- Both parties can leave feedback for each other to build a reputation in the P2P community.
- Provide honest feedback based on your trading experience.

Tips for Completing a Secure P2P Trade

- Verify Counterparty: Check the counterparty’s reputation and previous trade feedback before initiating the trade.
- Secure Payment Methods: Use secure and verified payment methods to minimize the risk of fraud.
- Prompt Communication: Communicate promptly and clearly with the counterparty to avoid misunderstandings.
- Dispute Resolution: If there are any issues, use Fokawa’s dispute resolution feature to seek assistance.

By following these steps, you can complete P2P trades on Fokawa securely and efficiently.

Updated on: 19/06/2024