In our Exchange, people can trade any crypto to crypto or crypto to any fiat by using Auctions. Each auction (or instrument) is a unique combination of:
- Country,
- Base cryptocurrency,
- Quote currency, and
- Payment method.
For example, {USA - BTC/USD - PayPal}
It's a good idea if I can buy and sell cryptocurrency from someone on the other side of the world, PayPal will make it happen. But, one thing to be noted, p2p exchange have to act as intermediary or escrow for every transaction.
- Do you need such P2P Exchange?
- Do you want to participate (as a team member or advisor)?
- Do you want to invest before pre-ICO?
- Would you invest in pre-ICO (if happen)?
Thanks!
- Yes, it's a good idea for such p2p exchange
- No, it's not my capability to become team member it advisor
- if you can provide more information about it, maybe I will invest in ICO
Thanks for the detailed feedback!
- Yes, we will act as escrow for every transaction.
A buyer, who pays you via PayPal will not get your crypto until you confirm the money acceptance. But! You should know (and the system will warn you about it) that a buyer can revert his PayPal transaction; so you just need to reallocate accepted money into another account from PayPal and only after that, press [confirm] button.
We also much appreciate your support. More information will be available soon (WP, Product description, etc.).
Just to confirm I understand this, basically, I the crypto seller will have my crypto escrow into an exchange wallet? An upon my confirmation that the paypal payment is legit (with no chargeback), I will press the confirm button to release the crypto from escrow?
Wonder how the situation will be handled if the payment is pass 90 days via paypal (a valid payment), yet I forget to release crypto from escrow? Does the exchange perform an automatic release after a certain number of days without confirmation?