BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

What is the settlement process for digital currency transactions?

SoftwMay 16, 2022 · 3 years ago1 answers

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

1 answers

  • May 16, 2022 · 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.