In the Crypto Exchange platform, payment gateway acts as an intermediary between buyer and seller for do their transactions on various methods. In the crypto space following ways of transactions are functioning by crypto traders
Fiat to crypto payment gateway
Crypto to fiat payment gateway
Crypto payment gateway Functionality
Users to buy cryptocurrencies from sellers, they should choose how to do the transactions.
Then payment gateway provides a specific address that represents the blockchain.
After, the Buyer Should put the quantities of their purchased cryptocurrencies. which will recorded on the blockchain.
Finally gateway confirms the transactions, seller converts that into the chosen currency.
So when building a crypto exchange platform try to include the best crypto payment gatewayin your platform to buyers and sellers perform their transactions successfully.
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