Your first buy, step by step
A walk-through of buying crypto on Peerlyx, from choosing an offer to seeing the coins in your wallet.
Before you start
Make sure your email is verified and your authenticator app is set up. With Level 1 you can trade up to US$500 in total, counting open and completed trades.
Choose an offer
Open P2P Trade, choose Buy, then the coin and your currency. Compare offers on:
- Price per coin
- Limits, the smallest and largest amount the trader accepts
- Payment method, one you can actually use
- Time to pay, set by each offer (15 minutes to 3 hours)
- Track record, such as completed trades and completion rate
Read the trader's terms before you start.
Start the trade and pay
Enter the amount and start the trade. The seller's crypto is now locked in escrow. Open the payment details inside the trade and send the exact amount to those details, using your own banking or wallet app.
Tap I've paid
Only after the money has actually been sent, tap I've paid. Do this before the time to pay runs out, or the trade is cancelled automatically. Never tap it before you pay.
Wait for the release
The seller checks their account and releases. The crypto lands in your Peerlyx wallet. Use the trade chat for any questions, and keep your proof of payment. If you paid and the seller doesn't release, you can open a dispute 45 minutes after the trade was marked paid.