Below you'll find some simple definitions to common words used in world of digital currency:
- Fiat is the financial term that describes any traditional government-backed currency such as US dollars, Euros, Mexican pesos, etc. When you're "depositing fiat" or "funding with fiat" it simply means transferring money from your regular bank account to your Etana Custody account for use on an Exchange.
- Digital assets is an all-encompassing term for today's digital currencies or coins. Think Bitcoin, Ethereum and the hundreds of others available to buy and sell. When you are "holding digital assets" or want to "custody digital assets" it simply means you're storing your various types of coin or digital currencies in highly secure wallets that are a part of Etana's platform.