How To Create Bartex
Last updated
Last updated
Access CryptBartex Website: Visit the website and click on the "Enter App" button to access the platform.
Connect Your Wallet: Connect your cryptocurrency wallet to the platform. Ensure that you are logged into your wallet and have sufficient assets for the trade.
Select Your Asset: Choose the cryptocurrency or token you wish to swap or barter from your wallet. Ensure that your wallet balance covers the transaction.
Provide the Counterparty's Address: Paste the recipient's wallet address into the designated field. Verify the address carefully to prevent errors.
Choose Desired Asset in Return: Select the asset or cryptocurrency you want to receive in exchange for your provided asset. Double-check the selection for accuracy.
Initiate the Trade: Click on the "Create" button to initiate the barter process. If the selected assets are tokens or NFTs, you may be prompted to grant permission for the transaction.
Access Your Profile: Click on the profile icon to access your user dashboard and view all your barter requests.
Share Barter Link: To share a specific barter request with the other party, click on the desired barter and copy the provided link. Share this link with the counterparty for their review and acceptance.
Cancel Barter (Pre-Confirmation): If needed, you can cancel a barter request at any time before the other party accepts it. Simply navigate to the relevant barter and select the cancellation option.
Counterparty Acceptance: The other party will need to accept or decline the barter request. Please note that there are currently zero Ethereum (ETH) fees associated with this step.
Mutual Acceptance Deadline: Once both parties have agreed to the barter, there is a seven-day window for mutual acceptance of the exchange. During this period, both parties should confirm the trade.
Barter Completion: If both parties successfully accept the exchange within the seven-day timeframe, the barter is completed, and the assets are exchanged as agreed.
Fallback Option (Non-Acceptance): If either party fails to accept or cancel the barter within the stipulated seven days, the barter will be automatically closed by the smart contract. You can then withdraw your provided assets by paying the platform fee, which is currently set at zero ETH.