For a buyer to create an order, they must have enough US dollars on their trading account to fund their order. No other FIAT currency is currently supported.
Once the order is matched with a seller, the user’s settlement instructions are sent to the blockchain to move the tokens to the buyer’s wallet from the seller’s wallet. When a seller creates an order, they must have enough tokens in their Metamask wallet to fund their order.
When the order is matched with a buyer, the tokens are settled automatically through the blockchain and sent to the buyer’s wallet. Simultaneously, the US dollar equivalent for the trade is also sent from the buyer’s trading account to the seller’s trading account.
Note: Token settlement may take up to 24 hours if the Ethereum network is extremely busy, but should not take more than 30 minutes in normal conditions.