Definitions
Fiat
Fiat or fiat money is a currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material ...
Ethereum (ETH)
ETH or Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Like Bitcoin, Ethereum is a distributed public blockchain network. the Ethereum blockchain focuses on ...
Exchange
An exchange is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies or altcoins. Cryptocurrency exchange platforms match buyers with sellers. Like a traditional stock exchange, traders can opt to buy ...
Escrow Fee
Escrow keeps the money in safekeeping until a transaction is completed. An escrow fee covers the cost of the service being provided.
Vendor
Vendor is a special user status in our Trader Program. After making a security deposit, they can create offers and sell crypto