Exchange Integration decisions
Withdrawals using FIO Address
This is the most basic integration option and fits within existing withdrawal screens. It allows the user to use their FIO Address (in another wallet or exchange) as their withdrawal address.
User
Users enters FIO Address as their withdrawal address for any crypto.
User does not need to register a FIO Address inside the exchange for this integration.
Exchange
Fetch public address using /get_pub_address.
Rest of flow unchanged.
Example
Deposits using FIO Request
With this option the the user will trigger a FIO Request from a deposit area of the exchange to their wallet using a FIO Address
User
User picks FIO Request as an option to make deposit of any crypto.
User enters:
Their FIO Address
Amount
Memo (optional)
Exchange
Sends FIO Request using /new_funds_request with
From FIO Address
DECISION 1
A. Generic FIO Address, e.g. deposits@greatexchange OR
For this option User does not need to register a FIO Address inside the exchange.
B. User-registered FIO Address, e.g. bob@greatexchange
Public address, where funds to be sent for deposit
This address can include attached blockchain specific tags or memos, e.g. Destination Tags for Ripple
Memo (optional)
User
User approves request in their wallet and a native blockchain transaction is executed
A FIO Data transaction is automatically sent to the FIO Chain and it includes native blockchain transaction ID.
Exchange
Sees the native transaction and credits the user
Can also fetch the FIO Data transaction using /get_obt_data
Example
FIO Address Registration
Each user will need a FIO Address on an exchange domain if you want to enable:
Deposit using FIO Request with request coming from user-registered FIO Address, e.g. bob@greatexchange
Deposits using FIO Address
Withdrawal using FIO Request
DECISION 2
A. Exchange controls the UX
User
Picks a FIO Address
DECISION 3
A. Address registration part of on-boarding OR
DECISION 4
A. A FIO Address can automatically be assigned when a user creates an exchange account, e.g. user_name@greatexchange OR
B. User picks a FIO Address themselves
B. Address registration as an option
Any user may choose to register a FIO Address when they want to access the FIO features.
Exchange
Foundation-paid FIO Addresses
Register FIO Address on chain using /register_fio_address
DECISION 5
A. You want to keep the domain private. Only the exchange can register FIO Addresses on that domain.
Exchange will have to transfer domain ownership to Foundation
B. The domain can be public
Custom permission set-up will be required.
Exchange-paid FIO Addresses
Register FIO Address on chain using /register_fio_address
Register FIO Address on chain using /register_fio_address
B. Exchange links user off to registration site
FIO Addresses registered to a FIO Public Key can be obtained for display using /get_fio_addresses
Example
Deposits using FIO Address
With this option, the user can make a deposit to their exchange without ever logging into it, by simply sending crypto the their FIO Address, e.g. to bob@greatexchange
User
DECISION 6
A. User explicitly decided which crypto currencies are mapped to their FIO Address
B. The exchange automatically maps all supported crypto currencies to the FIO Address
Exchange
Maps public addresses using /add_pub_address and FIP-15 Standard
Example
Withdrawal using FIO Request
With this option, the user can send a FIO Request from their wallet to their exchange FIO Address e.g. bob@greatexchange
User
Send a FIO Request to their exchange FIO Address e.g. bob@greatexchange with
Chain code
Token code
Withdrawal address
Memo (optional)
Exchange
Receives the FIO Request
Authenticates the user
DECISION 7
A. User has to log-in and approve request.
B. User approves request by clicking on email.
C. User whitelists their FIO Address and withdrawal address and FIO Request is automatically approved when received.
More examples
https://kb.fioprotocol.io/user-guides/user-guides
Tech docs