🛒 How to buy BTC

1. Switch CryptoLocally to BTC

First, select the Cryptocurrency that you want to sell or buy, in this case we will select BTC.

2. Search and select an offer

Go to the Buy page, where you will see all the current offers available to buy BTC. You can filter offers by currency, location, and payment methods. You can also click on the Buy button to view more information about the offer.

3. Open trade

After you press the Buy button you will be directed to the first step of the transaction: Open Trade. During this step, you will see more information about the offer, including the terms of the trade and trader information.

If you do not agree with the terms, you can always go back to the previous page and choose another offer.

To start the trade, first select where BTC should be sent to. Choose the amount of BTC you want to buy. Then click on Publish Offer to discuss payment details with the seller.

4. Agree on terms

Here you can message the seller and agree on a payment method. If you agree with the terms, click on Agree on terms.

If you are not happy with the terms, you can cancel the trade by clicking on the buttons under Having an issue menu. Or, you can always go back to the previous page, if you didn’t click on Agree on terms.

5. Funds escrow

On this step, you just have to wait for the seller to fund the escrow by sending the BTC to our smart contract escrow. The seller has a Two Hour time limit to fund the escrow.

Our unique smart contract escrow system protects all the trades on CryptoLocally until the end of each transaction The fund is held in the escrow in the name of the user temporarily. Then after the seller confirms that they have received the payment, the escrow is released and the tokens are sent to the buyer’s wallet. This process allows buyers and sellers to complete trades safely and trustfully.

Please consider time zones, if you are not trading with locals!

* The time of completing funding escrow depends mostly on the current network traffic.

6. Pay

If you entered into this stage, it means the seller has successfully funded the escrow and it is now safe for you to pay the required amount to the seller.

You have a time limit of 120 mins to send the required amount. After completing the payment, click on Mark As Paid.

DO NOT SEND money outside of the stipulated payment time.

7. Release escrow

Once the seller confirms that he/she received the payment, the seller will release the escrow so that you can receive your BTC.

At this point, if the seller does not respond or does not release the escrow, you can report the user immediately by clicking the “Having an issue” button. It will lead you to a dispute page.

8. Congratulations!🎉

Congratulations , you just successfully completed your first trade on CryptoLocally!

You will now receive an email from CryptoLocally to confirm the transfer of BTC.

You are able to rate the completed trade by using the comment feature and offer the other trader feedback. By rating other users and receiving ratings, you can grow your trust among other CryptoLocally users and build your reputation.

Both parties are able to go back to check the status of the trade anytime by clicking on my trades.

Also, if you want to know more about How CryptoLocally works, please refer to our FAQs and Fee Page, or feel free to contact us

💰 How to sell BTC

1. Switch CryptoLocally to BTC

First, select the Cryptocurrency that you want to sell or buy, in this case we will select BTC.

2. Search and select an offer

You can go to the Sell page, where you will see all the current offers available to sell BTC. You can filter offers by currency, location and payment methods. Then you can click on the Sell button to view more information about the offer.

3. Open Trade

After you press the Sell button you will be directed to the first step of the transaction: Open Trade. During this step, you will see more information about the offer, including the terms of the trade and trader information.

If you do not agree with the terms, you can always go back to the previous page and choose another offer.

To start the trade, enter the amount of BTC you want to sell. Then click on Publish Offer to discuss payment details with the buyer - your trading partner.

You need to keep in mind that you as a seller, need to add the BTC network transaction fee, while transferring BTC.

4. Agree on terms

Here you can send a message to the buyer and agree on a payment method. If you agree with the terms, click on Agree on terms.

If you are not happy with the terms, you can cancel the trade by clicking on the buttons under Having an issue menu. Or, you can always go back to the previous page, if you didn’t click on Agree on terms.

5. Funds escrow

On this step, you will be required to deposit the BTC to the CryptoLocally smart contract address. You will have a Two hour time limit to fund the escrow.

The correct address and the amount of BTC are required to successfully fund the escrow!

Once you complete this step, your BTC will be moved from your wallet to the trade escrow.

Our unique smart contract escrow system protects all the trades on CryptoLocally until the end of each transaction. The fund is held in the escrow in the name of the user temporarily. Then, after the seller confirms that they have received the payment, the escrow is released and the tokens are sent to the buyer’s wallet. This process allows buyers and sellers to complete trades safely and trustfully.

Click on Mark as funded to continue the trade.

* The time of completing funding escrow depends mostly on the current network traffic.

Keep in mind that you, as a seller, need to consider the transaction fee, while transferring BTC, to make sure that the smart contract receives the exact amount needed to move on to the next step.

Make sure you have enough BTC funds to send to the trade escrow, it includes the transaction fee as a seller.

6. Pay

You have successfully funded the escrow.

Make sure that you have given the buyer your payment information, you’ll need to wait for him/her to pay the required amount before releasing the escrow to complete the trade. The Buyer has a time limit of Two hours to send the payment.

7. Release Escrow

Click Release escrow to complete the transaction, ONLY AFTER you have received the payment from the buyer.

At this point, if the seller does not respond or does not release the escrow, you can report the user immediately by clicking the “Having an issue” button. It will lead you to a dispute page.

NEVER release escrow before you have received payment!

8. Congratulations! 🎉

You just successfully completed your first trade on CryptoLocally!

You are able to rate the completed trade by using the comment feature and give the other trader feedback. By rating other users and receiving ratings, you can grow your trust among other CryptoLocally users and build your reputation.

Both parties are able to go back to review the status of the trade anytime by clicking on my trades.

Also, if you want to know more about How CryptoLocally works, please refer to our FAQs and Fee Page, or feel free to contact us

Step 1. Sign up

First and foremost you need to Sign up for a CryptoLocally account. As you will see, this step is very straightforward.

The first step is to input your email address and to create your CryptoLocally user ID and password. Once you have read through the terms of use and privacy policy, click on Agree on Terms. After verifying your email, you are ready to start the Finance Wallet on CryptoLocally!

Step 2. After login, Click on the “Finance” tab on the top left of the navbar to begin

Step 3. Set up the Finance Wallet

The “Enable Finance Wallet” window will open and prompt you to set up your Finance Wallet with a password. Keep in mind that your password must be between 6 and 32 characters and include at least one number, one letter, and one special character.

* Warning! If you lose your password, you will lose access to your wallet and will not be able to regain access to it. Read our short guide to understand why you can't restore your password.*

Click “CONFIRM” to complete the finance wallet set up.

Step 4. Deposit cryptocurrency

You will need to deposit cryptocurrency, such as, GIV or ETH, into your Finance wallet address. To do so, click on the “Deposit” button next to the cryptocurrency of choice. The wallet address and memo where you have to send the selected cryptocurrency will appear below

* CAUTION! Only send corresponding cryptocurrency to a deposit address (GIV for GIV, ETH for ETH, etc.). *

Step 5. Toggle the button to earn rewards

A table will display your cryptocurrency holdings. Toggle the button under "Earn?" that corresponds to the cryptocurrency that you wish to earn rewards on.

Type your password to confirm you want to earn rewards on your crypto holdings with your finance wallet password.

By clicking the “CONFIRM” button you will officially start collecting rewards with our Finance Wallet.