cB provide a service for the exchange between popular stablecoins (USDT, USDC, DAI and other) and banking fiat currencies (USD, EUR, CNY and other), for a secure transaction — the exchange of two parties that may be located far from each other.
How it works, using the example of Alice and Bob. Alice wants to buy stablecoins, 50 USDT, to pay for cosmetics on a site in another country. Bob wants to sell his USDT stablecoins for Indian Rupee INR. They negotiate online about all the details and decide to use the coinBusiness public wallet for the exchange.
Next, Bob writes a message to any of cB pages.
In a message to cB, he states: — “I am Bob, I want to send you 50 USDT, TRC -20, for exchange, from my TRON wallet TkR6***Ds8y. Alice’s recipient’s wallet is here: “TFqEwDXTERmpQ7vqynp5xDc4usGa87SqPt”.”
Bob then adds 4 USDT to pay for gas on the blockchain and sends 54 USDT to the coinBusiness public wallet on the TRON network.
After 54 USDT from Bob ended up in the cB wallet, we publish a post on several of the above pages that the 50 USDT received from Bob with the wallet “TkR6***Ds8y” will be sent to the wallet of the buyer Alice: “TFqEwDXTERmpQ7vqynp5xDc4usGa87SqPt” , after receiving payment by the seller.
Next, Bob informs Alice that he sent her 50 USDT to cB wallet, and Alice checks the accuracy of the specified data published by coinBusiness. She can also look at the cB wallet on the blockchain and make sure that it received 50 USDT from Bob’s wallet. Then Alice transfers the payment to Bob, in any way, including payment systems.A, Bob tells us that “payment received, in the correct amount. Transfer my 50 USDT to Alice’s wallet.”
After a message from Bob confirming the transfer of his 50 USDT to Alice’s wallet, his stablecoins are sent to Alice’s blockchain wallet.
The minimum amount for an exchange is from $20. Limit per person, up to $5K for 30 days.
⚠ All financial transactions with coinBusiness go only through public coinBusiness blockchain wallets. Public blockchain wallets are identical and published on all coinBusiness pages, including channels, accounts and forums. We have more than 10 pages, in English and Russian. Check if the blockchain wallet you want to send funds to is published on other coinBusiness pages.