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USE CASES

TOP-UP WITH CRYPTO

Whether your company operates a payment account, an e-money account, a gaming account or a trading account the Exchange API solution enables your account holders to top-up their fiat account balance with supported crypto.

Using the Exchange API top-up functionality integrated directly into your product/infrastructure, account holders:

  1. select a crypto (e.g. BTC) they want to use to top-up their fiat account (e.g. EUR);

  2. input an amount either in crypto (e.g. 0.01 BTC) or fiat (e.g. EUR 400);

  3. agree to a crypto/fiat exchange rate;

  4. provide a crypto refund address (in case of a transaction failure); and

  5. send crypto to a top-up crypto address provided through the Exchange API solution.

The Exchange API solution enables your company to receive the account holder’s crypto, trade it into the fiat currency and using the Exchange API back-office system to fund the account holder’s fiat account.

WITHDRAWAL TO CRYPTO

In case of account holders wish to withdraw funds held on their fiat account using crypto Exchange API solution enables them to:

  1. select a supported crypto (e.g. ETH) to withdraw;

  2. input an amount either in crypto crypto (e.g. 0.1 ETH) or fiat (e.g. EUR 270);

  3. agree to a fiat/crypto exchange rate; and

  4. provide a crypto withdrawal address for Xapi to send crypto to.

The Exchange API solution enables your company to receive the instructions from your account holder, charge their fiat account, trade fiat into crypto and send the crypto to their provided crypto address.

BASIC EXCHANGE

The Exchange API solution supports both fiat and crypto accounts and enables account holders to:

  1. select a supported crypto or fiat account;

  2. input an amount either in crypto or fiat;

  3. agree to a fiat/crypto exchange rate; and

  4. complete an exchange transaction.

Your company using the Exchange API solution receives instructions from your account holder to charge their fiat or crypto account, trade fiat into crypto or vice versa and update the relevant balances.

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Samita is technology provider only. All regulated and crypto exchange activities must be undertaken by duly authorised third parties.

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