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Buying Bitcoin, Dash, Monero or Litecoin

STEP 1.

Register or log in

Register your account on Liberalcoins.com for free. Once registered you will have free and secure wallets for all your cryptocurrencies that are traded on Liberalcoins.

 

STEP 2.

Search for advertisements

Go to the “Home” tab and select which digital currency you would like to buy. The selected cryptocurrency will be highlighted in dark blue.  Enter the payment method you would like to transact with.

Tip: If you are not sure which electronic payment method you would like to transact with select “All electronic payments” from the drop down list.

 

Note that for “Cash” payments you can enter street and city into the search field. For electronic payment methods enter the country where you are searching for cryptocurrency sellers.

The currency will always be denominated in the country where you would like to purchase the cryptocurrency. Enter the amount of fiat currency you would like to trade for (this field is optional and can be left blank).

Press search

Tip: Sell advertisements in your area should appear automatically, before searching just scroll down and check if there are any for the respective digital currency you are interested in.

Step 3.

Pick an offer to start a trade with

From the returned search results preferably pick a trader that has a high user rating and has received good feedback.

Search results will list the seller (select user name to get further information about the seller reputation and history).

Price per coin             – states the exchange rate the seller is selling their Bitcoin for

User rating                  – how seller has been rated in previous transactions

Payment method      – lists the preferred payment method of the seller (to find out more about the different payment methods view our safe trading guide (link)

To start the trade select “Start a trade”

If the search does not return any results change your search criteria or create a new advertisement to attract potential sellers. To create a new advertisement, follow our advertisement guide(link).

 

Step. 4

Initiating a trade

Once “Start a trade” is selected you will see further details about the advertisement and the seller.

Note the minimum and maximum amount the trader is offering. The amount of Bitcoin you want to acquire will have to be within this range.

Also be aware to any additional information the seller has communicated in “Advertisement information text”.

When you have agreed to all the requirements of the advertisement, enter either the amount of digital currency or fiat currency at the bottom of the page in “Start a trade” and select “Trade Bitcoin (or DASH, Monero, Litecoin)” (remember this has to be within the range the seller is offering).

This will initiate the trade and the seller will be notified of your request. Be sure to have your funds ready and available when requesting a trade.

Please note that at the bottom of the page the “system fee” of the trade will be displayed. This will only be applied to the seller of the digital currency not the buyer.

Once the trade “Trade Bitcoin” button is selected the “Transaction Status” window will be opened. This will give you further information about the current status of the trade and also provides a chat window to contact the seller.

 

Step 5.

Seller accepts the trade request

When the seller accepts your request his digital currency will go into Liberalcoins escrow and be held there safely.

The “Transaction Status” window will automatically update to show that the seller’s digital currency has been sent to Liberalcoins escrow.

You will have to request the sellers’ payment information (his bank account information, Paypal, Western Union…etc.). via the chat window (or other agreed means of communication).

Once you have received the payment details, confirm to the seller that you have completed payment.

Important: The seller will not release the digital currency until he has received the funds. Make sure you keep any confirmation and evidence of your successful payment.

 

Once the seller confirms that he has received the payment he will release the digital currency from Liberalcoins escrow. The funds will be released immediately into your wallet. Check your Dashbord to ensure the funds have arrived.

Your trade is complete please provide a user rating of your experience with the buyer.