# Understanding Currencies Used in BugBase

BugBase employs three types of currencies to streamline and manage bounty rewards, transactions, and display preferences.

## **Banking Currency**

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The **banking currency** is the primary currency used for all monetary transactions with BugBase.\
It is the currency used for:

* Funding the **bounty bin**.
* Paying security researchers.

#### **Key Details**:

* At the time of bounty assignment, the amount in public currency is converted to the banking currency **using the exchange rate applicable at that exact moment**.
* Payments to security researchers are completed in the banking currency.

{% hint style="info" %}

#### **Changing Banking Currency**

To change the banking currency, raise a request at **<queries@bugbase.ai>**.
{% endhint %}

## **Public Currency**

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The **public currency** is the currency displayed to security researchers when bounties are assigned.\
It serves as the **default currency** for assigning rewards. All bounties and bonus are assigned in public currency.

#### **Usage**:

* Bounties are assigned in public currency and the amount is displayed to the security researcher in public currency.
* This currency ensures clarity for researchers about the rewards they are earning.

{% hint style="info" %}

#### **Changing Public Currency**

To change the public currency for your program, raise a request at **<queries@bugbase.ai>**.
{% endhint %}

## **Preferred Currency**

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The **preferred currency** is used by program managers and organization members to view bounty and bounty bin related details on the dashboard.

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All amounts in the dashboard, including bounties and balances in the **bounty bin**, are shown in the preferred currency.

#### **Key Details**:

* This is a **real-time conversion** of values from the banking currency to the preferred currency.
* It provides an approximate view of balances and bounties, but it **does not represent the exact transaction amount**.

#### **Changing Preferred Currency**:

To update your preferred currency:

1. Navigate to your **Company Dashboard**.
2. Go to **Settings > Profile**.
3. Change the preferred currency from the dropdown menu.


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