How can I use buyer marked as payment sent in cryptocurrency transactions?

3 answers

• Ben HackJul 16, 2020 · 5 years ago
  Sure, when a buyer marks the payment as sent in a cryptocurrency transaction, it means that they have initiated the transaction and the funds are on their way to the seller. This is usually done to provide proof of payment and initiate the release of the purchased cryptocurrency. As a seller, you should wait for the payment to be confirmed on the blockchain before releasing the cryptocurrency to the buyer. It's important to note that marking the payment as sent doesn't guarantee the successful completion of the transaction, so it's always recommended to exercise caution and follow the best practices for secure transactions.
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• e5gdirq486Jun 05, 2021 · 4 years ago
  Using the buyer marked as payment sent feature in cryptocurrency transactions can provide an additional layer of security and trust between the buyer and the seller. It allows the seller to verify that the buyer has indeed initiated the payment and is serious about the transaction. However, it's important to keep in mind that this feature is not foolproof and scammers can still try to exploit it. Therefore, it's crucial to conduct due diligence and verify the buyer's reputation and transaction history before proceeding with the release of the cryptocurrency.
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• Malik HunzlaAug 27, 2024 · a year ago
  At BYDFi, we understand the importance of buyer marked as payment sent in cryptocurrency transactions. It provides an added level of security and transparency for both buyers and sellers. When a buyer marks the payment as sent, it helps to establish trust and ensures a smoother transaction process. As a seller, you can rely on this feature to verify the buyer's commitment and proceed with the release of the cryptocurrency. However, it's always recommended to exercise caution and follow the necessary security measures to protect yourself from potential scams or fraudulent activities.
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