The opportunities Cryptocurrencies present to Africans are vast and these avenues when tapped into could significantly reduce poverty and unemployment on a continent whose unemployment rate stands at 10.6 percent.
A Bitcoin App seeks to offer African youths an opportunity like never before within the crypto space.
Through verification and the provision of a free secure escrow system, Mybitstore has designed a free peer-to-peer platform for bitcoin traders.
Mybitstore’s Peer-to-Peer is currently active in Nigeria, Kenya, and Ghana and is currently the best peer-to-peer trading platform for Bitcoin in Africa.
How it works
Bitcoin trading within the African continent has largely limited to peer trading amongst each other. This although successful, has been plagued by fraud and delayed payments. This has created a lot of distrust amongst traders.
Mybitstore’s Peer-to-Peer platforms halt this by focusing on the following
– Secure Escrow
-Dispute Resolution
-Payment
-Verification
-Seller Reviews
To become your own boss on Mybitstore’s Peer-to-peer app you would have to follow these steps
How to Sell Bitcoin on P2P Market by creating an offer
- First, deposit Bitcoin into your Mybitstore wallet
- Click on ‘Offers’ and then the PLUS button
- Select Sell
- Choose your preferred payment method, select the currency and enter an amount
- Type in your preferred Rate
- Click Preview
- A chat interface will be opened between the seller and buyer to negotiate and accept trade terms before they proceed with payment
- A message is sent to the SELLER to alert that Bitcoin is withdrawn, to an escrow, and the buyer will make payment.
- A message will be sent to the buyer to request payment
- After making the payment, the buyer clicks on the ‘I have paid button to alert the seller.
- An alert is then sent to ‘’Seller’ to modify the payment that has been made by the buyer
- The ‘Seller’clicks on the payment button to release Bitcoin to the buyer
- A success message is sent to both the buyer and seller to confirm that the Bitcoin transaction was successful.
The platform allows for trade parties to raise disputes regarding trade and have them resolved by a third-party secure escrow also holds your values and can only be released after confirmation of payment. To access this service, visit the Google Playstore/App Store and start trading now.
