New to SIBEX?
SIBEX is a Swiss decentralized protocol that allows you to trade OTC securely & privately and directly between Bitcoin and any ERC20 Tokens you wish using smart contracts.
No Need to Create an Account! No Middleman! Global Liquidity!
How to trade on SIBEX?
Don’t worry, trading on SIBEX is very easy, it only takes a few minutes to get started!
1. Set up AWS trading server
First of all, you need to create an AWS account. This will serve as your unique server to trade on SIBEX. After the account is created, sign in as “Root User” to give you full control of your account.
(You want to avoid AWS and wish to set up on a personal server at home? Just read our personal server documentation.)
Then go to eu-west-3 cloudformation and use this address only. Click on “Create Stack” and select “With new resources”.
Good! Now copy and paste this URL https://sibex.s3.eu-west-3.amazonaws.com/SIBEX.json to “Amazon S3 URL”
After that, you just need to keep hitting “Next” to complete all the following steps. Easy right? Now you will see the “Output” button, click on it and copy your “Public IP” address.
And type in “http://YOUR_IP_ADDRESS/start” in your browser.
In a few minutes, you’ll see your Login Credentials for your new server. These are special, and just for you — save them in your password manager.
Now go to otc.sibex.io and start making deals!
2. Now Trade with anyone you want!
Would you like to trade with someone privately? Maybe you met them in a chat group, or on an internet forum. You don’t need to trust them anymore when you trade using SIBEX. You only need their SIBEX ID.
Here’s what you need to do:
- Go to https://otc.sibex.io and login
- Go to “Wallet” and copy your SIBEX ID, and give it to your counterparty
3. Click “Counterparties” and add the SIBEX ID of the person you are trading with.
4. Click on “Create P2P Marketplace Offer”
5. Select the counterparty, and specify the terms of the trade.
When you click “Send Offer”, the offer will appear to your counterparty in the “P2P Marketplace”. When your counterparty agrees to take the offer, your exchange will begin immediately and both parties will be settled at the same conditions on-chain.
That’s it! Now enjoy the magic of SIBEX!
If you want more information, check out our Telegram Groups SIBEX & SIBEX Traders, Youtube channel, and user manual.
