All liquidations are done manually by humans. Bitcoin backing a loan is sold on an exchange, then a principal payment is made to the loan before initiating settlement with the exchange for the amount sold.
The bitcoin backing your loan is sold on an exchange or to a properly licensed counterparty.
We begin settlement for the trade for the amount of bitcoin sold. It is preferred that you are ready to sign for the transaction immediately following the principal payment to the loan, if applicable. If you are unable to sign in a timely manner, we will engage the Key Agent for the second signature to settle the liquidation.