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Purchase process in the Reffy P2P system.

In a system peer-to-peer (P2P) In a traditional way, buyers can acquire assets or currencies directly from other users without the intervention of a centralized entity.. Next, we will explain how the purchasing process works:

1. Registration and verification

Before starting, the buyer must be registered with teriority on the Refea Platform and, in most cases, complete a process of identity verification (KYC) to guarantee security.

2. Advertisement search

Once registered, the buyer can explore the ads published by the sellers on the platform through filters by means of payment or amount in SRM.


3. Selection of an ad

The buyer chooses the announcement that best suits their needs and conditions. Also based on the metrics provided by the platform to make a correct decision.


4. Start of treatment

When selecting an ad, the buyer starts the treatment. You will see the data for the payment when the seller accepts it. The platform blocks the seller's funds in a escrow system to prevent frauds.


5. Payment to the Seller

The buyer makes the payment using the agreed method (bank transfer, digital wallets, cash, etc.) and then attaches the proof of payment within the P2P system.

6. Release of Funds

Once the seller confirms the receipt of payment, the funds held in escrow are released and credited to the buyer's wallet.

7. Qualification and opinion

Both parties can rate each other and leave feedback about the transaction, which helps other users evaluate the reliability of traders on the platform.




Last update: Feb 21, 2025

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