Setting up advertisement to

Buy and Sell

Cryptocurrency

Why trade on TheNux?

TheNux is the leading cryptocurrency trading platform with over-the-counter (OTC) and exchange trading.

OTC-Trading

Person-to-person trading, you can trade cryptocurrency for fiat currency or vice versa.

Exchange-Trading

Crypto to crypto trading, you can exchange your cryptocurrency for another cryptocurrency.

OTC-Trading

Person-to-person trading, you can trade cryptocurrency for fiat currency or vice versa.

Exchange-Trading

Crypto to crypto trading, you can exchange your cryptocurrency for another cryptocurrency.

Getting started OTC Trading

Before you start OTC trading you need to consider what payment methods you are going to provide and research the payment method so that you know how it works. When you first start trading, we recommend you don't choose a high-risk payment method. Transfer with specific local bank can be a good starting payment method, especially if there are few traders active in your country.
If you have a new account with no previous trading history, we recommend you start by place order to existing advertisements for buy and sell cryptocurrency. This will help you get an idea of how OTC trading works and it will let you build some trading history which will make your accounttrustworthy which in turn gives your advertisements better placement in the listings.

Before you start trading

First Time User

First time user? Open Wallets in TheNux to create a crypto wallet for your account, you need a to start trading. Start out by place order at other traders ads to buy and sell, this help you get your first rating and trade completions. The higher rating and more feedback you have, the more trustworthy you are.

Verify Your Account

It's also a good idea to verify your account by completing both the National ID or Passport. A verified account is more trustworthy for buyers and will help you get more customers. You can verify your account insidethe account setting.

Research the payment method you're going to offer

Read through other traders advertisement of the same payment method and make some trades with them. Try to identify possible problems before you start trading. We recommend you start trading using a low risk payment method.

Use payment accounts only for Crypto trading

Some payment providers will temporarily or permanently close your account if you receive unauthorized payments that are related to fraud. Using accounts only for Crypto trading protects your personal finances.

Setting up an OTC advertisement

xChange is where you create new advertisements. You can find it inside TheNux App.
There are some options when creating an advertisement which are required, and we will have an Info and Remarks section for you to write down important message. Using the Info and Remarks section allows your buyer or seller understand more about your advertisement before they place order.
You can find all of the advertisements that you have created from your Manage Advertisement. When you click your advertisement from Manage Advertisement list, you can see all of your order, open, closed, cancelled and expired.

When create new advertisment

  • You need to choose buy or sell advertisement, currency, payment method, price, limits and write a terms of trade.
  • You need to have TheNux wallet, you must transfer fund to your TheNux wallet if you want to create a sell advertisement. All cryptocurrency you buy from xChange will go to your TheNux wallet.

Required Options

Cryptocurrency

Choose which currency you’re selling or buying. For instance, if you’re selling Bitcoin, you should select Bitcoin.

Currency

Choose which currency you're selling for or buying with. For instance, if you're selling in Malaysia you should select MYR.

Sell/Buy at Fix Price

Set a fix price to buy or sell so your advertisement price will not change as the market fluctuates.

Floating Price

The easy way to price your advertisement is to enter a ratio you want above the cryptocurrency market price. To do that, enter or choose a percentage in the floating ratio field.

Minimum/Maximum Price

This setting can help you maintain a stable quote when prices fluctuate sharply. For instance, if you set the highest priceto 5000, and when the market is above 5000, your ads will still be displayed at 5000 prices or vice versa.

Payment method

Select the payment method you want to offer. You can pre-set your payment method in your account setting. Your payment detail such as account name, account number only can see by people who place order at your advertisement.

Min/Max transaction limit

The minimum transaction limit sets the smallest amount someone can buy. If you set it to five, and you have your currency set to USD it means that smallest trade someone can open with you will be for 5 USD. The maximum transaction limit sets what the biggest trade that you want to accept.

Maximum Processing Orders

TThis can help you to avoid many orders coming in at the same time, resulting in a situation that cannot be dealt with. For instance, when you set it to 2, only two orders will be placed at the same time, and the next order will be allowed after you have finished processing.

Info

Info can see by everyone at your advertisement. You can tell the people what they need to know before placing an order at info section.

Remarks

Only placed order user can see your advertisement remarks section. You can put your contact detail in this section, so when someone place order at your advertisement, they will contact you.

General trading tips

  • If the buyer too is slow or non-responsive
  • You need to have TheNux wallet, you must transfer fund to your TheNux wallet if you want to create a sell advertisement. All cryptocurrency you buy from xChange will go to your TheNux wallet.

  • Report the trade
  • If there are any disagreements in the trade, you can make a report to TheNux. e.g. in the case buyer presses I had Paid for several times, but fail to provide any evidence and you do not receive any fund from the buyer, you can make a report by pressing Report button.

  • Not replying to trade offers can give you negative feedback
  • Remove your advertisements when you're not trading.

GET STARTED

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2051 Junction ave, Suite 212,
San Jose,
CA 95131,
USA.


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Skype: support@thenux.com
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