Digital assets in plain language
A digital asset is a value record that moves on a blockchain network. Instead of a bank account number, users interact with wallet addresses. The network records transfers and confirmations.
Bitcoin is a native digital asset on the Bitcoin network. USDT is a token that can exist on different networks such as ERC20 or TRC20.
- ExchangerPoint currently supports Bitcoin and USDT only.
- The asset and network must match the wallet address shown or entered.
Wallets, addresses and control
A wallet address is like a delivery location for digital assets. If the address is wrong, the transfer can still complete on the blockchain but reach the wrong destination.
Some users keep funds in self-custody wallets, while others use exchange wallets. In both cases, the user must verify the exact receive address and network before submitting it.
- Never type a wallet address manually if copy and paste is available.
- Check the first and last characters before submitting.
- For USDT, confirm the network as well as the address.
Key risks before trading
Digital assets carry market risk, operational risk and network risk. Prices can move quickly, transfers can be delayed, and completed blockchain transfers are normally irreversible.
A P2P escrow workflow can improve process clarity, but it cannot remove blockchain finality or customer wallet mistakes.
- Prices may change before a fresh trade is opened.
- Network confirmations may take longer during congestion.
- Wrong-network transfers may not be recoverable.
How this applies on ExchangerPoint
ExchangerPoint asks for asset type, fiat currency, amount and wallet or payout details before opening a P2P trade room. This is done so the trade record clearly shows what the customer expects to receive or sell.
The trade room then keeps messages, proof and status updates connected to the trade ID.