Coinkudi.com is a Peer to Peer crypto-currency (digital currency) market place connecting buyers with sellers with fund security and freud protection in mind.
coinkudi.com, goal(s) is to provide a platform that serves our users needs - be it buying, selling, or storing - as conveniently, quickly and securely as possible. Users are assured of instant settlements on all trades, without the need to communicate with corresponding buyers or sellers.
Trading on coinkudi.com
Buying and selling bitcoin on coinkudi.com is fast, easy and secure. Users buy or sell bitcoin by creating or responding to Trade Postings(Ads). Trade Postings are advertisements created by users to let other users know they are willing to buy or sell bitcoin.
When a user creates a Trade Posting, they stipulate how much they are willing to buy/sell, include the rate at which they are willing to buy/sell, and deposit the maximum amount in escrow. This Trade Posting then appears on coinkudi.com trading page for other users to interact with.
coinkudi.com provides escrow services, users don’t need to interact with each other during transactions. We act as the middleman in all transactions, thereby protecting the parties involved in a trade from fraud.
What is an escrow?
An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.
How does coinkudi escrow works
Coinkudi.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
- Buyer and sellers set terms for the trade - Either the Buyer or Seller begins a transaction. After registering at coinkudi.com , all parties agree to the terms of the transaction.
- Coinkudi locks amount - The amount specified is locked by coinkudi.com , in its secure escrow wallet.
- Buyer makes payment - When buyer makes payment and the seller and coinkudi.com confirm that payment has been made. coinkudi.com, releases the coin to the buyer.
- Seller and Buyer are happy