What is fiat?
Fiat also called fiat money or fiat currency, which is the legal currency established in the constitution of a country and issued and circulated by the government of that country. For example, the US legal currency is the US dollar, and the Chinese legal currency is the RMB. Since it is a government-issued currency that has no inherent value, the source of the value of fiat currency is that fiat currency owners believe that currency can continue to maintain purchasing power.
What is the fiat deposit?
Fiat deposit refers to the process in which individuals purchase and acquire virtual currency in fiat currency in various ways.
What is fiat withdrawal?
Fiat withdraw refers to the process in which users convert cryptocurrency into fiat currency through multiple exchange methods (such as direct exchange, third-party platform transactions, etc.).