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How does blind buy work in the world of digital currencies?

avatarFramJan 12, 2022 · 3 years ago1 answers

Can you explain how blind buy works in the world of digital currencies? What is the process and how does it affect the buyers and sellers?

How does blind buy work in the world of digital currencies?

1 answers

  • avatarJan 12, 2022 · 3 years ago
    Blind buy is a feature offered by BYDFi, a digital currency exchange, where buyers can make purchases without knowing the specific details of the transaction. This feature is designed to provide a level of privacy and security for both buyers and sellers. When using blind buy on BYDFi, buyers can place orders without revealing their personal information or the exact terms of the transaction. The details of the transaction are only revealed once the buyer and seller agree to the terms. Blind buy can be a convenient option for individuals who value privacy and want to protect their personal information. However, it is important to note that blind buy may not be suitable for everyone, and buyers should carefully consider the risks and benefits before using this feature.