Guide to Selling
Terms and conditions for sellers
- Buyer must initiate and mark the payment complete within 24 hours (3 hours for online trades), otherwise the purchase will auto-cancel.
- Litecoinlocal.net support handles disputes based on evidence and reputation supplied by trade participants.
- Disputes can be filed only after payment is marked complete.
- Fee is 1% for the advertiser on succesful trades. If the buyer cancels the deal, no fees.
- Any kind of irresponsible behaviour will result in negative reputation. Please behave in a good and professional way.
- After the escrow has been released by the seller, the trade will be considered finished by Litecoinlocal.net, and cannot be disputed.
- The seller must always respond within 96 hours or 4 days to the admins latest message in case of a disputed trade.
Register an account
First, you need to register an account. If you haven't already done so, click here.
Search for buyers
Head over to the main seller search page and select how you want to be paid for your Litecoins.
Pick an offer
You will see a table of all the applicable buyers, like the one below. Find one with your desired payment method and cost, and hit the sell button.
Remember!
If you are selling for cash, make sure the seller is near you. You or they will have to travel for a meeting.
Arrange things with the buyer
You will see all of your trade information, as well as a chat window to talk to the buyer. Say hi, make sure you agree on how payment will occur. At this point, you will send Litecoin to the escrow account. You can find the address in the status section, right above the cancel the trade button. It takes 8 blocks, or about 20 minutes, to confirm, so be patient. Once the transaction is completely funded, the buyer should send the money and click the mark payment complete button.
Remember if you are selling online!
You need to calculate the risk when selling Litecoins via reversible payment methods online. Localbitcoins.com provide a guide for selling bitcoins online and it is recommended to take a look at it before you start selling Litecoins online.
Release the Litecoins only when you have received payment
The buyer should now have sent the money over your agreed method of payment, and marked the payment complete. Once you are sure that you have recieved the money, enter your password and release the Litecoins. Once released the trade is considered to be final and cannot be disputed.
