Exchanges, Bridges, and Gateways

Exchanges, Bridges, and Gateways

We here illustrate the steps necessary to securely operate as exchange or gateway. Gateways take Fiat and convert them to their corresponding bitAsset at a fee and vice versa. For instance:

  1. A customer requests 100 bitUSD from a gateway
  2. The gateway sends an invoice with bank account details
  3. When the funds arrive at the gateway a percentage is taken as a fee and the rest is transfered as bitUSD directly into the BitShares wallet of the customer.

For exchanges we recommend to also read What is Different in BitShares and Often used API Calls.