FAQs

Q? What is ELCoin.Trade Website?

A:
ELCoin or ELCoin.Trade Website is an online BitCoin and CryptoCurrency Market Place or platform where users and clients buy and sell or exchange their BitCoins with Other currencies or Cryptocurrencies including other benefits as an online BitCoin wallet. 
ELCoin or ELCoin.Trade is a peer-to-peer Bitcoin exchange. We are a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can browse our website for trade advertisements and search for a payment method you prefer. You will find traders buying and selling Bitcoins online for more than 60 different payment methods. 

Q? Is It Possible To use my ELCoin.Trade Account as my BTC wallet?

A: Yes. ELCoin.Trade only Provides BTC Wallets to Registered Users. | The moment You register and verify your account, A BTC account also know as Your BTC Wallet is automatically created by the system fo you. This makes you able to Store, Recieve, Send , Sell Bitcoins to other BTC wallets both Those in ELCoin System and Other EXternal BTC wallets from other platforms.

Q? How do I Start Trading on ELCoin.Trade Platfom?

A:
Follow the procedure below to Start Trading or Buying or Selling BitCoins so as you start earning instantly.
  1. Register and Verify An Account With ELCoin.Trade.
  1. Click Post Trade Ad.
  1. Choose Whether You would like to Buy Or Sell BitCoins On ELCoin Platform and continue to fill in required information. (do not forget to give your would be clients terms of agreement that they should follow before transaction)
  1. Publish / Submit and you are done.
  1. Wait for responses from your potential customers online.
  1. Contact Us at support@elcoin.trade is you are having issues.

Q? Can I Buy Less Than 1 BTC ?

A: Yes, You can. But to every advertisement for trading, there what we call trade limits, minimum and maximum trade limits. where a client can no purchase or sell below the stated minimum limit or maximum limit.

Q? Why is it too expensive to buy With Paypal? or Credit Card? Why are some payment methods cheaper?

A: One of the best features of Bitcoin is that it gives you control over your money, but it's also this feature that makes it very different from traditional money. Bitcoin transactions are irreversible, most traditional payment methods can be charged back. This creates risk for the person selling the Bitcoins, as PayPal or a bank can take the money someone paid him out of his account after he has sent away the Bitcoins. That is why traders need to have a high price for certain payment methods, to protect themselves against this risk. That is why we recommend for you to get the best price to pay using a hard to reverse payment method, such as Cash Deposit, bank transfers and mobile payments (Like Qiwi in Russia). When you search to buy Bitcoins, select All online offers as a payment method and you will see offers for all payment methods and you can choose one that is convenient for you and offers a better price. What happens when I pay, and the seller doesn't give me my Bitcoins? All our online trades are protected with escrow to prevent this from happening. When the trade is started, the Bitcoin amount for the trade is taken from the sellers wallet and is held by LocalBitcoins for the entire time of the trade. If the seller is trying to scam you, it's easy for you to open a dispute on the trade and our support staff will contact you to ask for proof that you have paid and then give the Bitcoins to you.

Q? Whats the difference between an Online trade and Local trade?

A: We have two different types of trades on ELCoin.Trade platform, Local and Online Trades.

Online Trades occur entirely online from start to end without involved members (trader and user) ever meeting. Escrow is automatically enabled and funded for online trades, meaning as a buyer, you are protected automatically by our Escrow System.Most of the trades on ELCoin.Trade are Online Trades.

Local Trades are meant to be carried out face to face or by EFT or Direct deposits or Bank transfers or money gram or western union etc, There is no Escrow enabled here. Because of this, involved dealers need to communicate and agree to each others terms and conditions or terms of agreement before any transactions are made otherwise its very unsafe and risky.

Q? Can I As A Trader Post Numerous Ads with different Rates or Prices and In Different Currencies?

A: Yes , You can post trade ads in different currencies and in different Prices or rates and in numerous ads of ELCoin.Trade platform.

Q? Can I Post Trade Ads With Different Payment Methods?

A: Yes you are free to post trade ads with different payment methods.

Q? Can I post different ads with same payment processor.?

A: No. 

But you can do so using different currencies. 

And when you are found to have posted different ads with same payment processor with same currency, your account will be terminated , suspended or blocked.

Q? I have more questions about bitcoin and trading them?

A: Find more of the information you seek here.  Read More Here........