DexPay
  • welcome to dexpay
    • 👋Introduction to DexPay
    • 💡Why DexPay
    • 🕹️How DexPay Works
  • getting started
    • 📪Quick Steps
    • 💼Self-Custody Wallet Setup
    • ♾️Adding Network to Your Wallet
    • 👤Creating Account Profile
      • ⬆️Updating Account Profile
  • Token Allowance
    • 💭What is Allowance
    • 📥Ad Allowance
    • 📤Trade Allowance
  • trade crypto
    • 💰Buy Crypto
    • 💱Sell Crypto
  • for merchant
    • 📈Post Buy Ads
    • 📉Post Sell Ads
    • 🏦How Merchants Are Incentivized
  • trade dispute
    • ⚖️What is Trade Dispute?
    • ✍️How To Dispute A Trade
    • 🤝Resolving A Dispute
  • dexpay protocol
    • 🛣️Roadmap
    • 📔DexPay Contract
    • 📄State Functions & Variables
    • 🚻Escrow & Trade Contract
    • 🤝Dispute Resolution
  • LEGAL
    • 🔠DexPay Terms of Service
    • 🚓DexPay Privacy Policy
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  1. welcome to dexpay

How DexPay Works

PreviousWhy DexPayNextQuick Steps

Last updated 1 year ago

In essence, DexPay lets two parties trade securely with each other. This is how it is achieved using a hypothetical scenario involving two DexPay users, Ana and John.

  • Ana and John are looking to buy and sell crypto respectively.

  • Ana puts up an ad on DexPay, looking to buy 1000 usdt with fiat dollars.

  • John logs into DexPay with their wallet and decides to sell 1000 usdt to Ana.

  • John escrows 1000 usdt and Ana is notified of an active trade of 1000 usdt.

  • Ana makes payment into John’s bank details.

  • John confirms payments and releases assets.

  • Assets are deposited into Ana’s non-custodial wallets.

🕹️