EcoCash has now been added to LocalCoinSwap for the trading convenience of our users. Now, using EcoCash, you can buy and sell bitcoin, ethereum and many other cryptocurrencies peer-to-peer (P2P) in more than 190 countries worldwide!
Among other perks, LocalCoinSwap doesn’t require KYC to join, you don’t have withdrawal or deposit limits, and most notably, you are NOT required to deposit crypto to the LocalCoinSwap platform in order to create SELL advertisements. This allows you to create multiple ads, with bigger amounts, so you are able to gain more profit with less risk and peace of mind.
Ecocash is a mobile phone-based money transfer service, that operates in Zimbabwe. EcoCash allows opening a bank account via mobile phone without a need of going to the bank or filling out bank account opening forms. With EcoCash users can conduct financial transactions directly from their mobile phone, send remittances, pay for goods and services and much more!
But unfortunately, the recent financial regulatory restrictions in Zimbabwe restrained cash-in and cash-out transactions for Zimbabweans. LocalCoinSwap, being the world-first community-owned crypto exchange that connects people from all around the world, is happy to announce EcoCash as a new payment method. And for now, this P2P BTC method may be the only way to override capital controls and restrictions imposed on Zimbabwean citizens.
In this short tutorial, we are going to explain how you can buy bitcoin using EcoCash as a payment method. Generally, there are two ways you can do this. Firstly, you can search for others selling bitcoin on LocalCoinSwap with EcoCash as a payment method. Secondly, you can create your own advertisement letting others know that you want to buy bitcoin using EcoCash, promote it across different channels and attract buyers to you.
Let’s look at how you can do the latter…
STEP 1: Register or Sign in into your LocalCoinSwap account.
You can create your own account on LocalCoinSwap in just a few minutes, as there is no KYC to join, sign up is fast and private.
- Go to LocalCoinSwap
- Press the ‘Register’ button to create an account
- Enter your email address, create a username, and password.
- To verify your email address, you’ll need to sign up by clicking on the verification link in the email that will be sent to you.
STEP 2: Create an advertisement to buy bitcoin with EcoCash
Now you can create an advertisement that will be shown to other users and tell them, that you want to buy bitcoin in a specific area using EcoCash as a payment method. So let’s dive into it.
- On the main page in the top menu select ‘Post A Trade’.
- Select ‘Buying’
- Select the cryptocurrency you want to buy, in this case, you want to buy bitcoin.
- Select the location in which you want to advertise your trade. Remember, that your ad will also be visible when selecting the ‘worldwide’ filter, so users from other areas will also be able to sell you bitcoin if your expectations are met.
- Then select a fiat currency you want to use for your trade. You can go for the US dollar in this case, as it’s the most commonly used currency in Zimbabwe.
- Select EcoCash as a payment method.
- Set the limits of your trade. Limits indicate to bitcoin sellers the smallest and largest amounts of bitcoin that you’re willing to buy.
- The next section will allow you to set your price. Selecting “Market price” will allow your ad to increase with the value of bitcoin.
- Add the terms and conditions of your trade advertisement. We recommend to mention enough information and be as transparent as possible with other traders, as more people will be willing to sell their bitcoin to you if they understand your expectations or your terms of trade.
- Set the hours when you are available to trade, so traders will know when to contact you, and you are not going to miss a deal.
- And the final step - click ‘Publish trade’. Now your ad for buying bitcoin with EcoCash is live on LocalCoinSwap exchange and available for other traders to find.
Once you’ve created your BUY advertisement and have it live, you can start promoting it across different channels and social media platforms to attract sellers.
STEP 3: Promote your ad to bring bitcoin sellers to you.
By sharing the URL of your ad, you can promote it to other crypto sellers and inform them that you want to buy bitcoin using EcoCash in your local area or worldwide. There are many channels where you can share your BUY advertisement to traders, such as groups in Facebook, Discord, Reddit or Telegram. You can also reshare the advertisement on Twitter and with related hashtags to find the right seller.
That’s it! You’ve just learned how in 3 easy steps you can register your account on LocalCoinSwap, create an ad to buy bitcoin with EcoCash and promote this advertisement to other crypto traders across different channels.
Join LocalCoinSwap today and start making money buying and selling bitcoin within your local community!