How does Remitano lending works?

The seller retains control over the coins during this period, ensuring that they are not released to the buyer until the agreed-upon payment has been received. This mechanism helps to prevent fraud and ensures that both parties are protected.

Meanwhile, the buyer is responsible for depositing the agreed-upon amount into the seller's account. This can be done through various payment methods, depending on the preferences of both parties.

The Remitano algorithm facilitates cryptocurrency transactions in a secure and efficient manner. Prior to the transaction, both parties must agree upon the price and terms of the exchange. This ensures that both sides are clear on the expectations and requirements of the trade.

Once the payment has been confirmed, the Remitano algorithm releases the cryptocurrency from the wallet to the buyer's account. This marks the completion of the transaction and ensures that both parties have received what they agreed upon.

BTCC, a leading cryptocurrency exchange, offers a range of services to support users in their trading activities. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices.