- Pexpay allows users to easily sell Bitcoin directly to other users using their preferred payment method.
- In this article, we’ll walk you through step by step on how to sell Bitcoin and other cryptocurrencies with your local currency on Pexpay using your preferred payment method.
Pexpay is a peer-to-peer (P2P) trading platform that allows you to buy, sell and trade crypto directly with other users using your preferred payment method, ranging from bank transfer to using a digital wallet. Additionally, you have the freedom to set your own advertisements (ad). It is fast, simple, and flexible, giving you more control over who you trade with and how you buy and sell crypto.
4 Steps to Sell Your Bitcoin on Pexpay
1. Create an account with Pexpay
Before selling crypto on Pexpay, you need to register an account, complete your KYC (know your customer) identification, and deposit your Bitcoin into your Pexpay wallet. You will get a free and secure online Bitcoin wallet. If you need help with depositing, please see the tutorial on how to deposit crypto on Pexpay.
2. Search for advertisements
Choose your local fiat currency and your preferred payment method and browse advertisements. You may also indicate the amount of Bitcoin you are willing to sell. Before selecting an advertisement, make sure to check all the information available about the buyer, like positive feedback, average pay time, completion rate, etc.
Once you find an advertisement that fits your needs, click [Sell BTC]. It won’t open a trade yet, but doing so will show you any additional terms of trade or remarks that the buyer requires you to meet in order for them to buy the crypto from you.
3. Start the trade
As mentioned in the previous step, after you click [Sell BTC], you will see more information about the offer, including the terms of the trade. Please read the remarks carefully before proceeding and if you don’t agree with them you can go back to the previous page and choose another advertisement.
If you agree, type in the amount you want to sell, click [Sell BTC]. Now you can chat with the buyer and let him know that you are waiting for him to transfer you the fiat payment. Once you start the trade, your bitcoins will be moved from your wallet to be escrowed, until the transaction is successfully completed.
4. Wait for the buyer to pay
Make sure you add your preferred payment method before you start trading, as this is how the buyer will make the payment. If you need to know how to add a new method of payment, read this guide.
You can also provide your payment information through the chat. Please make sure that you have received the fiat payment into your account before releasing the bitcoins. Never release the crypto until you have received the fiat payment.
Once you confirm that you received the fiat payment, your Bitcoin will be transferred to the buyer’s wallet and there is no way to get them back.
If you didn’t receive the money in the payment method you provided, you can open an appeal. Read here about the Pexpay appeal handling rules.
Learn more about P2P on Pexpay:
- All You Need To Know About P2P Trading on Pexpay
- How to Buy Cryptocurrency via P2P Trading on Pexpay App
- How to Sell Cryptocurrency via P2P Trading on Pexpay App
- How to Post Trade Advertisements on Pexpay P2P (App)
- How to Become a Pexpay P2P Merchant
- Pexpay P2P Trading FAQs
- How to Deposit and Withdraw on Pexpay
Disclaimer: Your use of the Pexpay P2P services and all information and other content (including that of third parties) included in or accessible from the Pexpay P2P services is at your sole risk. Our only responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. Pexpay P2P platform has neither the rights nor the obligations to resolve any disputes arising from a completed payment. Neither Pexpay P2P platform nor merchants shall be responsible for your loss in a completed payment.