For the sake of this article, Coxena is an all-in-one exchange for trading digital assets at the heart of escrow, fiat on+off ramps, instant swap, and dispute resolution service. The operational models, in their entirety, are aimed at an unparalleled financial inclusion, and we are excited about the journey ahead. As the vision has always revolved around a rich user experience (UX), we are obliged to release this guide, which expedites and simplifies the trading of Gift Card for BTC (Bitcoin) and vice versa. Ride with us as we walk you through the steps!
First off, register on Coxena.
Then, log in. Upon logging in, you’d see your dashboard
After clicking trade, you would see “Escrow Buy/Sell and Instant Swap”; click “Escrow Buy/Sell”
Upon clicking “Escrow Buy/Sell”, you’d be directed to a page, on which there is a list of available “sellers of BTC” (and this is the same as the “buyers of Gift Card”). To put it simply, you’d see a list of users, who want to sell BTC and receive Gift Card as the payment method.
“Note that someone, who wants to buy Gift Cards with BTC, is a buyer of Gift Card but seller of BTC; in the same vein, someone, who wants to sell Gift Cards for BTC is a seller of Gift Card but buyer of BTC. In this article, you will be addressed as the seller of Gift Card but buyer of BTC”
To see the buyers of Gift Card, who are currently offline, click “Include Offline”
Upon clicking “Include Offline”, all the available buyers of Gift Card are shown — do not forget that “buyers of Gift Card” are the same as “sellers of BTC”; they express the same idea, but stated in different ways!
From the list, choose the seller of BTC (buyer of Gift Card) with the best price, which interests you.
Explanation of the list:
First Buyer of Gift Card (Seller of BTC):
The first buyer of Gift Card wants to buy $1.5 Gift Card at $1 BTC. This means you’ll receive $1 in BTC for every $1.5 in Gift Card you sell. In other words, if you sell $50 in Gift Card, you’ll receive $33 in BTC. Also, he is only interested in Amazon Gift Card. As a result, if you want to sell Amazon Gift Card and like his price, you can go ahead
Second Buyer of Gift Card (Seller of BTC):
The second buyer of Gift Card wants to buy $1.9 in Gift Card at $1 in BTC. This means you’ll receive $1 in BTC for every $1.9 in Gift Card you sell. In other words, if you sell $50 in Gift Card, you’ll receive $26 in BTC. Also, he is only interested in ITunes Gift Card. As a result, if you want to sell Itunes Gift Card and like his price, you can go ahead
Third Buyer of Gift Card (Seller of BTC):
The third buyer of Gift Card wants to buy $2 in Gift Card at $1 in BTC. This means you’ll receive $1 in BTC for every $2 in Gift Card you sell. In other words, if you sell $50 in Gift Card, you’ll receive $25 in BTC. Also, he is only interested in EBay Gift Card. As a result, if you want to sell EBay Gift Card and like his price, you can go ahead
After choosing the buyer of Gift Card (seller of BTC) with the best price, which interests you, click the “BUY” button, which is associated with his order.
Note: you are clicking “BUY” since you are buying his BTC with your Gift Card
Upon clicking the “BUY” button, you’ll be directed to the trade page.
You can scroll down to find more information about the order.
According to the image below, the BTC seller’s (Gift Card buyer’s) username is Bigkoli11; his verification status is unverified; the price he wants to sell 1 BTC (with Gift Card as the payment method) is $9,316; the trade limit is 0.002 BTC — 0.02 BTC, and this means that the minimum amount of BTC you can buy with Gift Card is 0.002 BTC while the maximum amount you can buy with Gift Card is 0.02 BTC; the payment method is Amazon Gift Card;
On the same page (from step 10), scroll back up. First, input the amount of Gift Card, in USD, in the second field, you want to sell. Then, the BTC equivalent is automatically calculated and displayed in the first field. In the image below, I want to sell 100 USD in Gift Card and the BTC I will receive as a result is 0.0108 BTC.
Click “Buy BTC”
Upon clicking “Buy BTC”, you will be directed to the payment page.
On the payment page, you can chat up the buyer of Gift Card (seller of BTC)
The buyer of Gift Card replies the message and you can go ahead to send the Gift Card details by clicking the attachment icon at the top-left corner of the page.
Upon sending the Gift Card details, click “Paid”
Wait for the buyer of Gift Card (seller of BTC) to release the coin (BTC).
Once the buyer of Gift Card confirms that the Gift Card details are valid, the BTC is released
Your balance (on your dashboard) is updated.
“If the buyer of the Gift Card is trying to be fraudulent after you have sent the card details, you can open a dispute by clicking “Dispute” on the payment page.”
Did you enjoy it? Do you want this guide to be improved in any way? Certainly, your feedback is greatly appreciated. Thank you!
About CXN Network
CXN Network is a tech start-up, which aims to implement solutions in various industries in response to available and viable market opportunities. The leverage of Blockchain and other components of the fourth industrial revolution is at the core of our operations, and the implication of our operational models is we could deploy centralized and decentralized products in any industry as long as the growth potential indicator is positive.
Our mission is to build robust platforms, which can withstand any amount of influx, cast off any security threat, and stand the test of time(as regards positive users’ experience and feedback). To boot, we strive to make CXN Network one of the largest, tech-solution companies in the world in terms of safety, quality products, trust, active support system, and simplified user interface.
At the inception, the primary target is the financial-inclusion markets upon the discovery of viable market opportunities presented by this domain. As a result, our first products will be released with a tactical approach, which inherently grows its influence and is tailored to the target.