What is Peer to Peer Exchange?
Peer to Peer exchange facilitates transactions between two traders without routing the money through the exchange. Giottus lets a Buyer buy without sending INR to the Exchange.
GIOTTUS PEER TO PEER EXCHANGE
 Sally the Seller. Sally wants to sell her Bitcoins. She has a KYC verified account with Giottus. Sally has:  |  Bob the Buyer. Bob wants to buy Bitcoins. He has a KYC verified account with Giottus. Bob has:  | |
| 1. Deposit Seller Deposits Bitcoins. | Sally wants to sell Bitcoins. She has transferred Bitcoins to her dedicated Bitcoin wallet address provided by Giottus. | |
| 2. Create Order created. | Sally creates a new Sell Order mentioning Price
and Quantity. Now Sally has an active sell listing that other users can
view and create orders from. | Bob wants to buy bitcoins. He has found Sally’s
listing and likes the price. He wants to buy 0.01 bitcoin for INR4000.00
via cash deposit. |
| 3. Payment INR Transferred. | Sally receives an alert to let her know she has a
new order from Bob. She can also see Bob and his Buy order in the Open
Orders table. | Bob selects the Sally’s order and Sally’s Bank
Account Details are displayed. Bob makes his payment for 4000.00 INR to
Bank account mentioned in the table and sends payment confirmation. |
| 4. Bitcoins released INR Transferred. | Sally checks her Bank account and confirms the receipt of the payment as soon as her Account is credited with the correct sum. | Bob receives an alert once he has received the bitcoins from the order in his personal Giottus wallet. |
| Now Sally has Rs.4000 | Bob has 0.01 Bitcoins |
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