P2P Vendor Flow
Last updated
Last updated
Once a user on your exchange has been given the required account tier to be a Vendor, they will be able to view the Post Deal tab on the P2P section of the exchange, shown in the image below:
Creating a Deal
The vendor will be presented with the options required to create their desired deal. Going through each page in turn:
This first page allows the tuning of the deal itself.
First, the user will select whether they wish to buy (receive crypto from other users in return for fiat) or sell (vice-versa). This is accomplished by the coloured toggle in the top-center of the options.
The two leftmost options allow the choice of the crypto and fiat to the deal, in the relevant direction.
The three stacked input boxes on the right relate to the following:
Type: This defines whether the chosen price is Static or Dynamic. This concept is described on the following OTC doc page and works the same here in P2P. In summary, in Static deals, the vendor will choose the exact price of the chosen crypto and fiat, and for Dynamic the price will be tracked on exchanges like Binance or Kraken automatically (assuming a relevant market exists).
Price: Unsurprisingly, this is the price were the deal will take place. For Static deals, this price will be set by the Vendor, and for Dynamic this price will be pegged at an outside tracked rate.
Spread: Finally the spread percentage can be set, allowing the vendor to generate profit on top of the above set pricing.
In the image below, is an example of a deal set up in which the Vendor wishes to sell BTC they own, in return for GBP (British Pound). With their settings, the price will automatically be set as the market rate of BTC-GBP, and they will profit on each deal with a spread of 5%.
Here the Vendor can fine-tune the deal's options.
On the left side of the screen are options related to the amount of crypto to sell:
Total Amount: How much of the crypto asset that Vendor is willing to offer total, to all users. One thing to note here is that for the chosen amount, the Vendor must have sufficient assets in their HollaEx wallet.
Limits: Simply the minimum and maximum amount of the asset that can be bought by a single user in a single transaction.
On the right side, the options for the fiat:
Payment Methods: Here the vendor can chose the desired methods to recieve fiat payment from, from those methods supported by your exchange.
Region: Simply the region in which the deal is listed as taking place.
Finally, the Vendor can write the terms, displayed to the user before making the deal, and also an automatic first response that will be delivered on a user entering the chat room with the vendor (perhaps letting them know how long a reply can be expected)
With this last page complete the user can submit the deal and have it become live and ready to be taken up by another user.
