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Completing a Sell Order
Once a buyer is interested in completing your sell order, they shall initiate the order completion process, and you shall receive a notification to escrow the funds.
To escrow the funds, you need to first approve OpenPeer to transfer USDT on your behalf. Click the
Approve USDTbutton to initiate this process, and sign the message in your wallet.
After you have approved OpenPeer to transfer USDT, next you need to click on the
Escrow fundsbutton to initiate this transfer. On doing so, only the amount of crypto you are selling will get transferred your unique escrow smart contract.
After you lock funds in the escrow smart contract, you may release it once you receive the fiat money payment from the buyer.
(NOTE: Escrowing funds might take longer if you are selling for the first time. Please do not go back or refresh a page until a minute or two has passed.)
After you lock the necessary funds in an escrow, we shall notify the buyer and request them to transfer the fiat money. Once they mark the order as paid, you will get a notification to verify receipt of fiat money and release funds from the escrow.
To finish the transaction, click on the
Release fundsbutton. Here, you be prompted to verify if you have received the fiat money payment. If you have received the payment, click on the
Yes I have received fundsbutton, and release the funds from the escrow.
If you have not received the funds and the buyer has marked the payment as completed, you may open a dispute by clicking on the
Open a disputebutton.
Congratulations, you have successfully completed a sell order on OpenPeer. 🥳