**What is FiaSteem ? **
Fia Steem is a p2p Steem/sbd Trading System Against Fiat, where you set your own sell or buy price, talk to the trade partner close the deal.
**Explanation of Usage : **
There are two modes in FiaSteem
- Buyer Mode
- Seller Mode
**1) Buyer Mode **
Once you Sign up for FiaSteem then there you will see different menus
a) Wallet
b) Trade
c) My Profile
In wallet you can see your recent Deposits, Withdrawls of Steem or SBD and your Specific Deposit memo.
TO withdraw Steem/SBD yoc can simply click the withdraw button and then submit your steem account , or also include memo if you are transferring to an exchange.
In Trade you can have 5 specific Options i.e Buy Steem , Buy SBD , Sell Steem , Sell SBD and Create an OFFER.
If you are trying to buy instantly then clcik on buy steem or buy sbd you will be taken to a page where you can select the desired payment gateway and currency you trying to buy.Once selected you will be presented with list of sell orders created by all sellers . You can choose between any of them and click trade. you then will require to write the desired amount of crypto you want to buy and after the trade is initiated, a chat window will appear where you can talk to your seller . Once you Initiated the trade,seller's Coins will be held in escrow and the buyer will only have option to cancle the trade anytime. Once the coins are in escrow it is 100% safe for buyer to pay the seller in fiat currency in the desired payment method. Once the amount is paid the buyer have to then click the i paid button and after that the seller has 2 hours to release the coin before the trade is marked as a disputed trade.You cannot click i paid until you really paid, or you may get banned in our system for coin locking.
**Seller Mode **
As a seller in FiaSteem first you need to deposit the coins in the system. There are two ways of depositing Coins via SteemConnect or Manual Transfer Using memo (Memo can be find in Wallet).
In Trade you can have 5 specific Options i.e Buy Steem , Buy SBD , Sell Steem , Sell SBD and Create an OFFER.
If you are trying to Sell Instanlt then click the sell SBD or Sell STEEM,you will be taken to a page where you can select the desired payment gateway and currency you trying to sell your crypto For.Once selected you will be presented with list of Buy orders created by all buyers.You can choose between any of them and click trade. you then will require to write the desired amount of crypto you want to sell and after the trade is initiated your crypto will goto escrow.Once the coins are in escrow it is 100% safe for buyer to pay the seller in fiat currency in the desired payment method,It is your Responsibility that after the buyer pays you then you need to release coins to them, disputed trades may hamper your reputation in our system.
Creating buy or sell offers :
This is the fun part of our system which can make you a profitable buisness man whereas you may get good deals.
Creating offer means you will create buy or sell offers for steem/sbd.
Sell offers :
Sell offers is when you try to sell your steem/sbd but on a better price.
Once you are in Create offer menu you need to choose if the offer is a buy offer or a sell offer .
IF Buy Offer :
If the offer is a buy offer then you will be filling a form that will consist the following
- Payment Method (eg: paypal, wire transfer, skrill, payoneer, western Union)
- Currency (eg : USD , EUR , INR , NZD ,CAD )
- MArkup (eg : How much lower than the market price you want to buy steem/sbd)
- Trade Limits (how much fiat you have eg: only 100 USD per trade or So)
- Trade Time (Time before the trade is auto expired)
- Terms and Conditions before selling to you
- Trade Instructions
If Sell Offer
If the offer is a sell offer then you will be filling a form that will consist the following
- Payment Method (eg: paypal, wire transfer, skrill, payoneer, western Union)
- Currency (eg : USD , EUR , INR , NZD ,CAD )
- MArkup (eg : How much higher than the market price you want to buy steem/sbd)
- Trade Limits (how much fiat per trade eg: only 100 USD per trade or So)
- Trade Time (Time before the trade is auto expired)
- Terms and Conditions before buying from you
- Trade Instructions for your buyer
What is Markup ?
In FiaSteem our system regulary checks market price for steem and SBD and while creating your offer if markup is 0 then it will get published with standard exchange price, but if you put a buy offer below zero value eg : 10% then you are offering any sellers who wants to trade with you 10% lesser price for steem against fiat . Vice versa while creating a sell offer.
Need more Explanation ? Join our Discord here
Users joining our discord before launch shall get waiver on escrow charges (all trades escrow are subjected to 0.10% escrow fees)
NOTE : We are still Developing FiaSteem and we are planning to go live exactly 30 days after this ANN