What is a floating rate?

A floating rate — is a rate that is updated in real time and can change during the exchange. This rate is formed based on data from several liquidity providers and reflects the current market situation.

Why can the floating rate change during the exchange?

The floating rate can change for a number of reasons:

• market volatility (real-time asset price movement);
• liquidity and complexity of a specific trading pair;
• specifics of the providers' tools and algorithms;
• additional commissions and spreads;
• possible slippage (up to ~3%).

It is also important to consider that the conditions for applying the floating rate are determined by the service and may depend on internal parameters, features of the selected tool, and other technical factors.

What is a fixed rate?

A fixed rate — is a rate that is fixed for your order for a limited time. In our service, the rate is fixed for 15 minutes from the moment the order is created.
 During the fixation period, the amount to be received remains unchanged.

Can the fixed rate change?

Yes, the fixed rate can be recalculated in the following cases:

1. Expiration of 15 minutes, allotted for payment of the order.
2. Abnormal market volatility, at which maintaining a fixed price becomes impossible.

In case of high volatility, the rate is agreed individually during the receipt of funds.

What will happen if I don't pay the order within 15 minutes?

After the fixation period expires, the rate is recalculated at the current market value. Before continuing the exchange, you will be able to familiarize yourself with the updated rate and confirm the operation.

What to choose — floating or fixed rate?

• Floating rate is suitable if you want the most current market rate and are ready for price fluctuations. Additional service conditions are set for the processing time of this method and other points.
• Fixed rate is convenient if predictability of the final amount and protection from short-term price jumps are important to you.