What is the regular way settlement process for cryptocurrencies?

3 answers

• Feb 17, 2022 · 3 years ago
  The regular way settlement process for cryptocurrencies involves several steps. First, the buyer and seller agree on the terms of the transaction, including the price and quantity of the cryptocurrency. Then, the buyer initiates the transfer of funds to the seller's wallet address. Once the funds are received, the seller confirms the transaction and transfers the agreed-upon amount of cryptocurrency to the buyer's wallet address. Finally, both parties verify the completion of the transaction and the ownership of the cryptocurrency.
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• Feb 17, 2022 · 3 years ago
  Settling cryptocurrency transactions usually starts with the buyer and seller agreeing on the terms. This can be done through a peer-to-peer platform or a centralized exchange. Once the terms are agreed upon, the buyer sends the funds to the seller's wallet address. After the funds are received, the seller confirms the transaction and transfers the cryptocurrency to the buyer's wallet address. The transaction is considered settled when both parties have verified the transfer and confirmed the ownership of the cryptocurrency.
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• Feb 17, 2022 · 3 years ago
  In the regular way settlement process for cryptocurrencies, the buyer and seller negotiate the terms of the transaction. The buyer then sends the funds to the seller's wallet address. Once the funds are received, the seller confirms the transaction and transfers the cryptocurrency to the buyer's wallet address. This process ensures a secure and transparent transfer of ownership. At BYDFi, we follow a similar settlement process to ensure smooth transactions for our users.
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