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.

1. Cash Issuance

1.1. General Provisions

1. The actual address of the cash issuance point is agreed upon with the personal manager only after the client confirms their agreement with the exchange conditions.  
2. Communication with the manager is possible exclusively in the Telegram chat, access to which is activated after submitting a request through the website. 
3. All conditions of the request — including the amount of the operation, the current exchange rate, the size of the commission fee, and other parameters — are fixed at the time of its registration and can only be changed at the initiative of the client and with their consent.

1.2. Conditions for Receiving Funds

4. Cash is issued in two ways: 

• at the office (presentation of a passport is mandatory); 
• with courier delivery (paid service). 

  – If there is no office in the city, delivery to the basic address is already included in the rate. 

  – Delivery to an individual address is paid additionally; the cost is calculated depending on the location. The page contains regulations defining the procedure for conducting cash exchange operations. The document establishes the rules for receiving, processing, and issuing currency to individuals and organizations, as well as requirements for document preparation and reporting.

5. In the office, it is possible to issue by token: 

• The token is a unique identifier of the client. 
• To confirm identity, the client must send a photo of the banknotes with the clearly indicated token to the manager.

1.3. Security and Checks

6. Verification of cryptocurrency addresses is carried out after the funds are received. 

In case of identifying risks, the service reserves the right: 

• to suspend the operation until a decision is made; 
• to return the funds to the client. 

Verification is not required, except in situations defined by the manager.

1.4. Other Conditions

7. The minimum exchange amount can be reduced by prior agreement: 

• for this, it is necessary to submit a request for the minimum allowable amount and notify the manager; 
• after agreement, the conditions are adjusted based on the current rate. 

8. The exchange is carried out on the day of the request submission. 

• Requests submitted late in the evening may be processed on the next working day. 

9. The commission percentage is fixed at the time of request creation and is not subject to change. 

• The rate may be adjusted depending on market volatility. 

10. All information regarding cash issuance is provided only through the Telegram chat with the manager. 

The data of the request is automatically transmitted to the manager after registration.

2. Cash Acceptance

2.1. General Provisions

1. The office address for cash submission is agreed upon with the manager after confirming the exchange conditions. 
2. If there is no office in the city, funds are accepted through a courier.

2.2. Procedure for Acceptance

3. The courier contacts the client, accepts cash, and delivers it for counting and verification. 

After all procedures are completed, the funds are credited to the specified cryptocurrency address. 

4. To contact the manager, it is necessary to submit a request and go to the Telegram chat via the link provided by the system. 

The manager accompanies the client at all stages of the transaction.

2.3. Client Requirements

5. Presence of a passport is mandatory. 
6. During a personal meeting (in the office or with the courier), the client must confirm that they own the specified crypto address. 
7. Involvement of intermediaries or third parties in the exchange is strictly prohibited.

2.4. Financial Conditions

8. When accepting cash through a courier, a prepayment of 100 USDT or its equivalent in another currency via online payment may be required. 

• Funds are either returned to the client or counted towards the final exchange amount. 
• Details about the prepayment are agreed upon with the manager after submitting a request.

2.5. Additional Provisions

9. The minimum exchange amount can be reduced by agreement: 

• it is necessary to submit a request for the established minimum and notify the manager; 
• the conditions are adjusted based on the current rate. 

10. The exchange is carried out on the day of the request submission. 

• Requests submitted late are processed on the next working day. 

11. The commission percentage is fixed at the time of request creation and remains unchanged. 

The rate may be adjusted due to market volatility. 

12. All clarifications regarding cash acceptance are available exclusively in the Telegram chat with the manager. 

Information about the request is automatically transmitted to the manager.

UUSD

UUSD is a stablecoin of the Utopia ecosystem, pegged to the US dollar exchange rate in a 1:1 ratio.

• The main goal is to maintain the stability of the exchange rate and provide a convenient tool for calculations.

• Application:

  • storing funds without the risk of sudden fluctuations in the exchange rate;

  • quick and easy transfers;

  • use in trade and online services where cost predictability is important.

UUSD allows system participants to work with digital assets as conveniently as with traditional currencies.

CRP (Crypton)

CRP is the main cryptocurrency of the Utopia ecosystem.

• Functions:

  • It is used as a means of exchange and settlement within the network.;

  • It is used for staking, which supports the operation of the infrastructure and brings rewards to holders.;

  • It has its own market value and can be considered as an investment asset.

The CRP acts as the driving force of the ecosystem, ensuring the operation of its services and financial turnover.

Utopia

Both coins — UUSD and CRP — are connected to the Utopia ecosystem, which combines:

• cryptocurrency wallets,

• instant transfer system,

• services for businesses and users.

Thus, UUSD acts as a stable unit of account, and CRP acts as the base currency of the ecosystem and a tool to support its operation. Together, they form the basis of Utopia's financial model.

 Tether (USDT) is a digital currency (stablecoin) whose value is always pegged to the price of the US dollar, which protects it from price volatility in the cryptocurrency markets.

 Tether does not have its own blockchain, it is presented in the form of a token. The main difference between tokens and other cryptocurrencies is that tokens are created and hosted on a blockchain, whereas Bitcoin or Ethereum are the native currencies of their respective blockchains.
 Tether was launched in 2014; to date, a large number of networks have appeared to work with this asset. For this reason, a logical question arises: on which network should USDT be stored and transferred in 2024?

 In this article, we have collected the advantages and disadvantages of the five most popular networks.

Ethereum (ERC20)

 Tether on the Ethereum network (ERC20) was released in 2018. ERC20 tokens are stored and sent using Ethereum (ETH) addresses and transactions.
 The ERC20 network is supported by many centralized exchangers (CEXs) and wallets, and is fundamental to decentralized exchangers (DEXs), which specialize in trading cryptocurrencies and digital assets directly between users.
 When working with this network on centralized exchangers, it is necessary to take into account that crediting funds requires a large number of confirmations and this significantly affects the time of transactions. The main disadvantage is the high commissions for sending and exchanging on DEX.

Advantages:

• supported on most CEXs and wallets;
• DEX compatible.

Flaws:

• high transaction costs;
• increased transaction time.

Tron (TRC20)

 The launch of Tether on the Tron network (TRC20) occurred in 2019. TRC20 tokens are stored and sent using Tron (TRX) addresses and transactions.
 The TRC20 network is supported by almost all centralized exchangers and for a long time, in the absence of significant competition, it was preferred due to fast transactions and low sending fees.
 Due to a number of unsuccessful changers in calculation algorithms, sending commissions have increased significantly, for this reason in 2024 the choice of TRC20 is not as obvious as before. Another significant disadvantage is that the network is incompatible with decentralized applications and wallets based on Ethereum.

Advantages:

• supported on most CEXs and wallets;
• fast transactions.

Flaws:

• incompatibility with DEX;
• high commissions.

BNB Smart Chain (BEP20)

 The BNB Smart Chain (BEP20) network was created by the Binance exchanger in 2020 as an alternative to the ERC20 network. The main token on the network is Binance Coin (BNB), which is used to pay fees.
 The main advantages when working with the BEP20 network are: high speed of transaction processing and low cost of paying commissions, as well as compatibility with decentralized applications and wallets based on Ethereum.
 

BEP20 is a centralized network, the validators for which are selected by the creator of this network - the Binance exchanger. Thus, the viability of BEP-20 tokens depends primarily on the functioning and development of the Binance exchanger, which is the main deterrent when working with BEP20. BEP20 network support is not available on most other centralized exchangers, making the process of exchanging BEP20 tokens much more difficult.

Advantages:

• low commissions;
• fast transactions;
• DEX compatible.

Flaws:

• dependence on the Binance exchanger;
• not supported on most CEXs.

Sol (Solana)

 Tether became the first stablecoin on the Sol network (Solana), launched in 2020. To pay commissions and ensure the operation of the network, SOL (Solana) is used.
 Sol is a decentralized network that allows for fast and low-cost transactions. The high degree of decentralization makes this network attractive from a security point of view; many decentralized exchangers operate on Sol.

 The main problem for the Sol network is its technical condition, namely frequent malfunctions. Since its launch, the network has stopped operating for long periods of time, and this leads to a large number of risks, since you will not be able to manage your assets.

Advantages:

• low commissions;
• fast transactions;
• DEX compatible.

Flaws:

• unstable network operation.

TON (Toncoin)

 Tether appeared on the TON (Toncoin) network quite recently, in April 2024. The native token of the same name TON (Toncoin) is used to pay transaction fees.
Thanks to its high performance and scalability, the TON network provides fast, inexpensive and energy-efficient transactions.

 TON is an innovative project that is at the stage of adoption and implementation. By the time of the launch of USDT on the TON network: there is still no support for this network by the most popular multi-currency wallets and centralized exchangers. Poor tokenization limits the ability to exchanger through decentralized applications.

 TON on paper is a kind of 21st century penicillin for the crypto industry, but the project’s ecosystem has not yet fully opened up: whether this will be the case on paper only time can tell.

Advantages:

• low commissions;
• fast transactions.

Flaws:

• underdeveloped ecosystem.

Which network to choose?

Only you can answer this question based on the described advantages and disadvantages of each network; you must choose a network based on the purposes of purchasing USDT: do you simply need to store funds, pay for goods or services, trade on centralized or decentralized exchangers.

You can buy USDT in any of the networks on our website.

This article is not a call to action and does not constitute individual investment advice.

A transaction identifier (TxID), or transaction hash, is a unique sequence of characters for each transaction, verified and added to the blockchain. In other words, TxID is an identification number that marks every transaction on the blockchain. With TxID you can check your deposit and withdrawal history.

MEMO or Destination tag is an additional unique value for the wallet address that allows you to identify the recipient of funds. If you do not enter, and also provide an incorrect MEMO or Destination tag, your funds may be lost.

Yes, virtual card verification is possible if certain conditions are met.

The procedure for verifying a virtual bank card

To complete the verification procedure, you must provide a photo (selfie) that simultaneously captures:

1. A device with an open virtual card.
2. The owner's passport.
3. A piece of paper indicating the name of the exchanger and the last four digits of the application number.

Requirements for the map image:

• All 16 digits of the card number should be clearly visible on the screen.
• The initials of the cardholder must be distinguishable.

General requirements for image quality:

• All data in the photo should be clearly visible and easy to read.
• The image should be taken in sufficient light, without glare and darkening.
• The photo should be in color, without cropped parts of the document or screen.
• It is not allowed to use graphic editors or apply filters.

This is a loyalty program or the so-called "Bonus Program", with which you can receive an additional discount of up to 20% when making exchangers on our website Mchanger. One bonus is equal to one Russian ruble. You can find more detailed information in the article "Bonus program of the Mchanger service".