Bitcoin enthusiast
- Sats.Mobi (Bot Telegram) (Custodial)
- Wallet Of Satoshi (Custodial with swap to Non-Custodial)
- Breez (Non-custodial)
Wallet and Enrollment
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Starting from the top, first see your randomly generated and extremely important "Avatar ID." Save it carefully, just as I advised you to do with the password.
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You must then enter your "Lightning Address" in the field below. This will allow you to receive payments if you purchase Bitcoin, or get refunds. If you are using Wallet Of Satoshi you will be able to copy your Address by clicking on receive.
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Check the verification box where you state that you are not a robot.
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Make the payment of 1000 sats to get access to your restricted area. If you can't frame it, click on it with your mouse (on PC) or tap on it with your finger (on Browser/Telegram smartphones) to copy the address that you need to paste into Wallet of Satoshi and complete the invoice payment.
I've saved my credentials, continue (translated as: "I've saved my credentials, continue")- "Type" ("Type") defines whether it is a "Sell" ("sell") sale or a "buy" purchase
- "Amount" ("Amount"): indicates how many sats the user is selling if the match is of the "Sell" type, or how many Bitcoin the user is willing to buy if the match is of the "Buy" type.
- "BTC Price with Margin" ("BTC Price with Margin"): shows the price taking into account the margin applied above the marked value.
- "Margin" ("Margin") is the percentage that is applied to the market price, With a minus sign (-) you get a discount on the market price, With a plus sign (+) a premium is applied to the market price.
- "Method" ("Method") indicates by which motodo the user prefers to be paid.
- "Creator" is the unique avatar used by the user on the platform.
- "Rep" (Reputation) The user's reputation level ranges from -5 unreliable to +5 extremely reliable.
- "Status" ("Status"): indicates the status of the match. In the example screenshot, all matches appear to be "Open" ("Open").
- "Expiration" ("Expiration"): shows how much time is left before the match expires and is cancelled if it was not chosen by anyone.
Create an order to Purchase Bitcoin
- Set order details:
- Select the option "Buy Bitcoin"("Buy Bitcoin").
- Enter the amount of sats you want.
- Define the price margin (between -20% and +20% from market value).
- Choose the payment method (Instant SEPA, etc.).
- Indicates preferred currency.
- Confirm Order: click on "Create Order"("Confirm Order") to proceed to the filing stage.
- Deposit payment: when the order is created, the system automatically generates a Lightning invoice. The deposit is only temporary and is refunded when the order is completed.
- Main features:
- Security deposit: 10% of order value.
- Service fee: cost for using the platform.
- Time limit: You have 5 minutes to make the payment, otherwise the transaction expires.
How to accept an order
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Sellers can see a list of all available orders in the book.
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Check the details: each order shows information such as:
- Quantity of Bitcoin,
- Margin on price,
- Payment method,
- User reputation.
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Click on the order to open the full sheet with all the information.
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Press on "Sell Bitcoin"("Sell Bitcoin") to accept the proposal.
Deposit required by seller
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The total amount of the order,
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the service commission.
Sending payment instructions
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The seller displays the active transaction in their panel.
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Click on "Submit Payment Instructions."
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Enter all necessary information for the fiat payment (IBAN, recipient, address, reason for payment, etc.).
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Click on "Send Message"("Send Message") to transmit the data to the buyer.
Payment procedure
- Bank details: IBAN with name and address of the seller's account holder.
- Exact amount: exact fiat amount to be transferred.
- Causal/description: text to be included in the transaction.
- Time limit: deadline by which to complete the payment.
Confirmation of payment fiat
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Receiving data: the buyer has received payment instructions from the seller.
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Payment execution: fiat transfer is arranged from one's bank account.
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Verification: check that the operation was processed correctly.
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Confirm on platform: click on "Confirm fiat payment"("Confirm fiat payment") on the trade page.
Conclusion
Author
This tutorial has been written by Sato Sats
You can say thanks by tipping the professor.
Credits
This tutorial has not been proofread yet
The original content has been translated by AI, but human review is necessary to ensure its accuracy.
2 754 sats1 377 sats689 satsEvery content on the platform is the result of a collaborative effort: each lesson, translation, and revision is made possible by the work of contributors. For this reason, we are always looking for proofreaders who can review our content in many languages. If you want to participate in the proofreading process, please reach out in our Telegram group and read our tutorial. We remind you that this content is open-source - licensed under CC BY-SA - so it can be freely shared and used, as long as the original source is credited.



