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📥
Quick Buy
Buying crypto on OpenPeer is straightforward. On the application, input the amount of crypto you are looking to buy and click the
See Buy Options button. On doing so, you will be taken to a page showing all the open sell orders that match your order criteria. You may choose from one of these and proceed.
(NOTE: Since OpenPeer has just launched, there are some regions where you may not see any open sell orders. In such cases, we urge you to place your buy order and wait for sellers to match with you.)
After you choose a merchant to buy from, connect your wallet of choice to the OpenPeer platform (in this tutorial we have used MetaMask) and verify ownership of the account by signing a message.
NOTE: Signing the message proves valid ownership of the account, and is completely free of cost. It cannot (and will not) spend any of your crypto.
Add details of your buy order and view the terms and conditions of the seller. Once done, click on the
Sign and Continue button to notify the seller of your intent to purchase.Once you press the
Sign and Continue button in the previous step, OpenPeer notifies the seller that someone is interested to complete one of their open orders, and asks them to deposit the funds in an escrow contract.Sometimes sellers respond immediately, whereas others times they may be delayed in their response. If the seller is taking time to deposit the funds, you may the leave the application. We shall intimate you when the seller escrows the crypto.
(This is why we encourage users to add their email address to their accounts, even though it is optional. It helps us notify everyone in a timely manner, and maximize the number of completed transactions!)
Once the seller deposits the funds in an escrow, you need to transfer the fiat amount to the merchant via their mentioned payment method. In our example, the seller demands UPI payment (which is a form of digital payment in India), however this will vary from region to region.
After you transfer the fiat money, click on the
I've made the payment button which will mark the order as paid from your end.Once the seller receives the fiat money you sent them, they will release the crypto from the escrow, which will credit the same to your wallet.
Feel free to message the merchant by using the chat widget in the bottom-right of the screen. You may cancel the order by clicking on the
Cancel Order button, or open a dispute by clicking on the Open Dispute button.TODO link to open dispute page
Congratulations, you have successfully completed a buy order on OpenPeer. 🥳
Last modified 5mo ago