What is the process of liquidation in the context of digital currencies? 🔄

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, the process of liquidation is similar to other cryptocurrency exchanges. When users decide to liquidate their digital currencies, they can place sell orders on the platform. The orders are matched with potential buyers, and once the transaction is completed, the digital currencies are sold, and the users receive the equivalent value in their chosen currency. BYDFi ensures a secure and transparent liquidation process, providing users with the necessary tools and features to manage their digital assets effectively.
  528264