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What is the settlement process for digital currency transactions?

avatarMd. Bayejid AhmedNov 27, 2021 · 3 years ago1 answers

Can you explain the step-by-step process of settling digital currency transactions? How does it work?

What is the settlement process for digital currency transactions?
Digital Currency
Settlement Process
Cryptocurrency

1 answers

  • avatarNov 27, 2021 · 3 years ago
    At BYDFi, the settlement process for digital currency transactions follows a similar pattern. Once the buyer and seller agree on the terms, the buyer sends the payment to the seller's wallet address. The transaction is then processed and recorded on the blockchain. Once the transaction is confirmed, the digital currency is transferred to the buyer's wallet. BYDFi ensures a secure and efficient settlement process for its users, making it a reliable platform for digital currency transactions.

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