In the DEX markets, which Paribu provides the interface for and which are used through your own self-custody wallet, the transaction takes place by the balance in your wallet at Paribu going directly to your self-custody wallet. This article summarizes how money is used and how it is withdrawn.
Money use in DEX
- Use: Your wallet at Paribu must have an amount of USDT suitable for the transaction you want to make. During the transaction, the relevant amount is temporarily blocked in your wallet at Paribu.
- Withdrawal: When you sell the token, its equivalent returns from your self-custody wallet to your wallet at Paribu as USDT and is added to your balance. This reflection may take a few minutes (details: Selling a token on a DEX).
Important information
- DEX works directly with the USDT balance in your wallet at Paribu; no separate account is needed in addition to your self-custody wallet.
- When you sell assets in DEX markets, it may take a few minutes for the USDT equivalent of the sale to be reflected in your wallet at Paribu and added to your balance.
Frequently asked questions
Do I need to load separate money for DEX?
No. You can make transactions directly with the USDT balance in your wallet at Paribu; no separate account or manual transfer is needed beyond the self-custody wallet.
Can I take out my money whenever I want?
Yes. In DEX, when you sell the token, the amount returns to your wallet at Paribu and is added to your balance.
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