# Exchanges of Assets

### **Buy Exchange**

* Users can *buy* a digital asset (like Bitcoin) by using a paired asset (like US dollars) or another digital asset they own.
* The paired asset is deducted from the customer's balance and used to acquire the chosen crypto asset.

### **Sell Exchange**

* In a sell exchange, the customer can *sell* a digital asset they own to get regular money or another digital asset in exchange.
* The customer receives a fiat currency or another crypto asset in return, depending on the paired asset selected.
* If a customer sells crypto in exchange for fiat, the resulting fiat will be transferred to the customer’s fiat account and finally out to a chosen payee. On the other hand, if the customer is selling one cryptocurrency for another, then the resulting paired crypto asset funds will be credited to the customer’s wallet.

**It is explicitly noted that fiat currency (government-issued currency) can only serve as a paired asset.**

* Customers cannot use fiat to buy other fiat assets or sell fiat to receive crypto assets. Fiat is strictly used to purchase crypto assets or received from selling crypto assets.

### Allowed Exchange Types

<table><thead><tr><th width="110">Type</th><th>Asset Being Exchanged</th><th>Paired Asset for Exchange</th><th>Exchange Allowed?</th></tr></thead><tbody><tr><td>Buy</td><td>Crypto (e.g., Bitcoin)</td><td>Fiat (e.g., US Dollars)</td><td><mark style="color:green;"><strong>Yes</strong></mark></td></tr><tr><td>Buy</td><td>Crypto (e.g., Ethereum)</td><td>Crypto (e.g., Bitcoin)</td><td><mark style="color:green;"><strong>Yes</strong></mark></td></tr><tr><td>Buy</td><td>Fiat (e.g., US Dollars)</td><td>Crypto (e.g., Bitcoin)</td><td><mark style="color:red;"><strong>No</strong></mark></td></tr><tr><td>Buy</td><td>Fiat (e.g., Euros)</td><td>Fiat (e.g., US Dollars)</td><td><mark style="color:red;"><strong>No</strong></mark></td></tr><tr><td>Sell</td><td>Crypto (e.g., Bitcoin)</td><td>Fiat (e.g., US Dollars)</td><td><mark style="color:green;"><strong>Yes</strong></mark></td></tr><tr><td>Sell</td><td>Crypto (e.g., Ethereum)</td><td>Crypto (e.g., Bitcoin)</td><td><mark style="color:green;"><strong>Yes</strong></mark></td></tr><tr><td>Sell</td><td>Fiat (e.g., US Dollars)</td><td>Crypto (e.g., Bitcoin)</td><td><mark style="color:red;"><strong>No</strong></mark></td></tr><tr><td>Sell</td><td>Fiat (e.g., Euros)</td><td>Fiat (e.g., US Dollars)</td><td><mark style="color:red;"><strong>No</strong></mark></td></tr></tbody></table>

The rules outlined ensure that an asset exchange process remains consistent, clear, and adheres to the financial regulations set by the platform


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