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Step 1: Select a merchant.
Select a fiat currency --> Click "Sell" --> Choose a merchant and click "Sell USDT".
Step 2: Enter the value or amount, click Sell.
Step 3: Wait for the merchant to pay, confirm the receipt of the payment and release the crypto to complete the order.
If it's your first time, you'll need to add a payment method.
Step 1: Click P2P and access the ad posting page.
Step 2: Select "Buy" and set the key parameters of the ad.
Step 3: Post the ad and wait for transactions.
1. Variable Price: Once set, your ad price will not stay fixed but will fluctuate according to changes in the market price. Sell/Buy Price = Market Price x Variable Index. The market price refers to the BBO (best bid and offer) price on the BingX market. The Variable Index can be set between 80%-300%. Take USDT/USD as an example. If you choose Variable Price and set the Variable Index as 103%, when USDT/USD's market price is $1, your ad will bid $1.030. When USDT/USD's market price changes to $1.1, the price of your ad will also adjust to $1.133.
2. Total Amount: The total amount you want to sell/buy. Please ensure that there is a corresponding amount of crypto in your BingX Fund Account.
3. Limit per Order: You need to set the minimum and maximum limits. You're recommended to set a low minimum limit so that your ad can serve a wider range of users.
4. Payment Method: A bank account or any other third-party payment method you want to use to receive the fiat currency.
5. Payment Time Limit: After setting, the order will be automatically canceled once the time limit is reached.
6. Auto Reply: You can set up a message which will automatically appear in the chat window between you and the customer.
7. Terms: You can enter any special terms or conditions for your transactions here so that customers can see them before choosing your ad.
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