> ## Documentation Index
> Fetch the complete documentation index at: https://docs.openxswitch.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

## Workspace

A centralized hub within OpenXSwitch where users can manage their accounts, wallets, sub-wallets, and other resources. Each workspace can represent a distinct entity, such as a business or project, and may have dedicated settings and permissions.

## Wallet

A digital container that holds funds and supports blockchain transactions, such as deposits, withdrawals, and internal transfers. OpenXSwitch wallets can be custodial, ensuring secure management of funds on behalf of users.

## Sub-Wallet

A secondary wallet created within a workspace to segregate funds for specific purposes or projects. Sub-wallets enable enhanced fund management, such as organizing finances by departments or use cases, and may support features like auto-collection and policy-based governance.

## Address

A unique identifier on a blockchain network used for sending and receiving digital assets. Each wallet or sub-wallet in OpenXSwitch is associated with one or more blockchain addresses to facilitate transactions.

## WalletAsset

A WalletAsset is a unified representation of a cryptocurrency or token in a multi-chain wallet system. It aggregates balances of the same asset across different blockchains, allowing users to deposit on one chain and withdraw on another seamlessly.

#### Why WalletAsset Matters?

* **Cross-Chain Balance Aggregation** – Instead of treating assets separately by chain, a WalletAsset combines them into a single view.
* **Flexible Withdrawals** – Users can receive an asset on one chain and send it out on another, making transactions more efficient.
* **Simplified User Experience** – Users don’t have to track different versions of the same token across multiple chains.

## Recharge Currency

A digital asset used to fund wallets or sub-wallets. Users can deposit cryptocurrencies like Bitcoin, Ethereum, or stablecoins to maintain liquidity and enable transactions within the platform.

> 👍 You can only deposit and withdraw using a recharge currency or coin

## Trade

The act of buying, selling, or exchanging digital assets on supported markets.

* Spot Trade: Immediate purchase or sale of digital assets at the current market price, executed through either a limit order or market order.
  * Limit order: allows a trader to specify the maximum price they are willing to pay when buying or the minimum price they are willing to accept when selling.
  * Market order: executes a trade immediately at the best available price in the market.
* Future Trade: A derivative contract to buy or sell an asset at a predetermined price on a specific future date.\
  Trading Pairs

Trading pairs allow users to exchange one cryptocurrency for another based on current market rates.

## In-Wallet Exchange

A trading mechanism within OpenXSwitch that uses funds from sub-wallets to perform transactions. After the exchange is completed, the resulting cryptocurrency is automatically credited back to the originating sub-wallet, ensuring seamless management of funds without requiring external transfers.

> 👍 It supports various trading types, including spot trading and futures trading

## Withdraw

The process of transferring funds from a wallet or sub-wallet to an external blockchain address. Withdrawals are subject to network fees and governance policies defined by the user or platform.

## Internal Transfer

Movement of funds between wallets or sub-wallets within the same workspace or platform, often without incurring blockchain transaction fees. Internal transfers enable seamless fund reallocation for operational efficiency.

> 👍 No blockchain transaction fees