Coinbaazar is a peer-to-peer bitcoin exchange platform based in Georgia, Tbilisi
It facilitates P2P trading of local currency,goods and services for bitcoins. Coinbaazar’s Peer to Peer model works on collaborative efforts of person-to-person contact and Advanced Blockchain Technology. Vendors/Advertisers create offers for buying or selling bitcoins for more than 500 + payment methods around the globe.
When traders open a trade to buy or sell bitcoins in their selected payment method, there the escrow system comes into play that ensures the safety of funds for both buyers and sellers until the trade is complete.
History
Coinbaazar p2p Marketplace was conceived by Shailendra Vermani and Sanket Manocha , In the year 2018 after market research both Co-founders came to the conclusion that people are generally buying and selling bitcoins on derivative exchanges, and paying huge fees, So they started creating a platform, where people can buy and sell bitcoins with 100’s of payment methods without being dependent on centralized exchanges. Finally coinbaazar marketplace was softly lauched in the year 2020, keeping in mind the fees on buying and selling could be the lowest.In the Year 2021 Coinbaazar also launched its Mobile App on App Store and Google Play Store, thereby allowing users to store, send & trade Bitcoins by using various payment methods from Paypal to M-pesa, Gift Cards, Bank Transfer and many more!!
Services
The escrow system plays an important role in the whole process of buying and selling bitcoins on coinbaazar. Anyone who wants to sell or buy bitcoins will feel secure as the moment any trade will be initiated the bitcoins will be automatically deducted and transferred to coinbaazar escrow wallet.
Buying or selling Bitcoin at Coinbaazar has been simplified with an attractive user interface. Traders can search or browse through the seller or buyer’s list from various countries and currencies to choose from. Clicking on the buy/sell button displays the trader’s details and terms of engagement where the trades can be made. Further, Coinbaazar has five layers of security – and have followed stringiest security standards of protocols by rigorous testing for more than a year which definitely makes it one of the highly secured platform in the industry.
If in case the trade terms of both parties don’t match in such a situation anyone of them can raise a dispute where in moderators intervene and establish the authenticity of either one, thus release the Bitcoins to the genuine vendor.
Partipication
Initial Sponsor at Bitcoin22 Miami Conference
https://b.tc/conference/partners/coinbaazar
External Links
https://uk.news.yahoo.com/coinbaazar-latest-player-cryptocurrency-market-094943185.html
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