What is the trade settlement process for cryptocurrencies?
AnmolDevopsOct 12, 2021 · 4 years ago1 answers
Can you explain the process of trade settlement for cryptocurrencies in detail?
1 answers
- Abdalazez JBJun 01, 2024 · a year agoAt BYDFi, the trade settlement process for cryptocurrencies is similar to other exchanges. When a trade is executed, the transaction details are recorded on the blockchain and verified by the network. Once the transaction is verified, it is added to a block and added to the blockchain. The settlement process is completed when the buyer and seller receive their respective cryptocurrencies. BYDFi ensures the security and efficiency of the trade settlement process through advanced technology and robust security measures.
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