Operation Types

Operation Types

1. Deposit Crypto

   • Description: An operation to top up a user’s account by sending cryptocurrency from an external wallet.
   • Use Cases: Commonly used when a user transfers crypto assets from an external wallet into their Vault account.

2. On-ramp

   • Description: An operation to fund an account through external payment providers, including bank card payments.
   • Use Cases: Used to top up CHECKING accounts via external acquiring services or bank cards.

3. Exchange

   • Description: An operation to convert funds from one currency to another within the same user account.
   • Use Cases: Useful for users who want to switch balances between different currencies in their Vault account, for example converting BTC to ETH.

4. Transfer by phone number

   • Description: An operation to send funds to another user using their phone number.
   • Use Cases: Used for peer-to-peer transfers where the recipient is identified by their phone number.

5. Withdraw

   • Description: An operation to move funds from a Vault account to external crypto wallets or bank accounts.
   • Use Cases: Used when a user wants to withdraw their balance from Vault to an external destination.