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Frequently Asked Questions.

Frequently Asked Questions.

First step is to register an account at Bitotal. From this page:https://bitotal.com/p2p/buy/BTC choose between the variety of sellers. After you press the 'Buy' button you'll see more information about the advertisement, including the terms of the trade.

Escrow is the use of a third party, which holds an asset or funds before they are transferred from one party to another. In this transaction between Buyer and Seller, Bitotal acts as escrow to secure the funds until both parties have confirmed receipt.

Two types of Cryptocurrencies exchanges are in use: peer-to-peer and regular. Regular bitcoin exchanges use an order book to match, buy, and sell orders. In a P2P trade, Buyer and Seller have direct contact with eachother without middlemen.

Once you register an account with us you get a BTC wallet where you can send and receive your coins. You can send and receive your funds 24x7

When you trade on traditional exchanges, you may not get as many payment options compared to a P2P exchange. Because in a P2P transaction there is no middleperson and both partys choose the preferred payment method.

Bitcoin was originally created to enable peer-to-peer transactions. A peer-to-peer (P2P) transaction means that you have data related to the person or entity you’re interacting with.