Can I cancel a trade?

Can I cancel a trade?

Once a bid has been auto accepted or accepted by the seller, buyer & seller have 5 minutes window time to cancel the trade. If the trade is not canceled during this 5 minutes window it is automatically confirmed and progresses to contract generation. Both parties have a 60 minutes window time to sign the contract, failure to sign contract will result in trade cancelation and potential penalties.

    • Related Articles

    • How does bidding work?

      Buyers can browse active listings on the Marketplace and submit a bid specifying desired price and quantity. Buyers can also indicate willingness to receive a partial order in the event of rapidly diminishing inventory in an active trading scenario. ...

    • What if a trade is canceled?

      If a trade is canceled within the 5 minute affirmation window, no penalties are applicable. For all cancelations beyond the affirmation window, (failure to sign contract, deposit funds, delivery, etc) penalty fees of up to 1% of total transaction ...

    • How is a trade executed on Kaffea-X?

      Once both buyer and seller confirm the trade, it is immediately locked using atomic execution. This prevents any double-booking or conflicting trades on the same coffee lot. Immediately locked up when the bid submitted is above the reserved price

    • Is there any fee to trade in the marketplace?

      All trades on the Kaffea-X platform are subject to standard third-party fees from our settlement provider, Escrow.com, which are split evenly between the buyer and seller. These fees typically amount to approximately 2% of the transaction value and ...

    • Can I request a refund for a trade or transaction on Kaffea-X?

      All transaction funding and handling of specific refund scenarios is via the settlement agent, escrow.com.