Buying and Selling

A primer on buying and selling cryptocurrency with the BuyCoins API

There are two ways to buy or sell cryptocurrency using the BuyCoins API.

  1. Peer-to-peer trading

  2. Buying from and selling to BuyCoins directly.

Peer-to-peer (P2P) trading (Deprecated)

P2P trading allows you to trade cryptocurrency with other users by posting limit orders or market orders.

Pros

  • You can specify the exact price at which you want to buy or sell a cryptocurrency.

Cons

  • Limit orders may take a while to be fulfilled because there might not be a user that wants to engage your order at your specified price for a while.

Buying and Selling to BuyCoins

You can buy from and sell to BuyCoins by placing buy and sell orders.

Pros

  • Your order is fulfilled near-instantly.

Cons

  • You are unable to specify a price at which you want to buy/sell a cryptocurrency.