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What is C2

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1. What is C2?

Introduction to C2C Cryptocurrency Trading

C2C (Customer to Customer) trading is a peer-to-peer trading method where users can buy and sell cryptocurrencies directly on C2C platforms, trading platforms, or marketplaces. Here are the main features of C2C trading:

  1. Trading Method: C2C trading occurs directly between two users, with buyers and sellers engaging in transactions by posting offers.

  2. Platform Role: The C2C platform acts as a facilitator of the trade, providing a channel for posting offers and ensuring transaction security through online digital asset custodial services.

  3. Security Measures: All online transactions are protected by custodial services. After an advertisement is posted, the corresponding amount of cryptocurrency will be automatically reserved from the seller's funding wallet to prevent fraud.

  4. Identity Verification: Before commencing C2C trading, users must complete identity verification (KYC) and enable two-factor authentication (2FA) to ensure the safety and legality of the transactions.

  5. Payment Method: Users need to add their preferred payment method to facilitate smooth transfers during transactions.

  6. Using the Platform: The C2C trading feature is available on both the Android and iOS versions of the Binance App.

In summary, C2C cryptocurrency trading is a direct, secure, and convenient trading method, but it requires users to adhere to relevant safety measures and identity verification requirements.

2. Who founded C2?

According to the available search results, it is not possible to directly ascertain who founded the cryptocurrency C2. However, based on the information provided, C2 may be related to multiple entities, such as Coin2.1 (a type of cryptocurrency) and C2 Ventures (a cryptocurrency investment company). Specifically:

  • Coin2.1: No information regarding its founder has been provided.
  • C2 Ventures: It established a $100 million blockchain gaming fund in collaboration with Gala Games, but specific information about its founder has not been provided.

Therefore, based on the available information, it is not possible to identify the founder of the cryptocurrency C2.

3. Which venture capital firms have invested in C2?

According to the provided information, C² Ventures invested in the pre-seed round funding of the cryptocurrency project Convergence RFQ, with other investors including Big Brain Holdings, Israel Blockchain Association, and Auros Global, among others.

However, if you are referring to "C2" as a specific cryptocurrency project, there is no direct information indicating that "C2" is a cryptocurrency project. The "C2" mentioned in the text refers to the C2 round funding of Geek+, which is unrelated to cryptocurrency.

Thus, if you are referring to Convergence RFQ, C² Ventures is the primary investor.

4. How does C2 work?

C2C (Customer to Customer) cryptocurrency trading refers to a method of directly trading cryptocurrencies between buyers and sellers on a trading platform. Here is the basic operational flow of C2C cryptocurrency trading:

  1. Trading Platform: C2C trading occurs on specific trading platforms, such as the C2C trading feature on Binance.
  2. User Registration and Verification: Users need to register on the platform and complete identity verification (KYC) to ensure transaction security.
  3. Posting Offers: Sellers post offers for their cryptocurrencies on the platform, allowing buyers to browse through these offers and select suitable trading partners.
  4. Transaction Process: Buyers and sellers conduct transactions on the platform, which provides online digital asset custodial services to ensure the security of the transactions.
  5. Payment Method: Buyers need to add their preferred payment method, such as a debit card, and sellers must also be equipped with the same payment method to complete the transactions.
  6. Transaction Confirmation: Once the transaction is completed, the platform confirms the transaction and updates the ledger to ensure the security and validity of the transaction.

The key features of C2C cryptocurrency trading are decentralization and peer-to-peer trading, allowing buyers and sellers to transact directly without the need for third-party institutions. This trading method enhances transaction efficiency and security, but users must also be aware of transaction risks and safety measures.

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