Fixed-Rate Exchanges Are Now Available at Changelly

Fixed-Rate Exchanges Are Now Available at Changelly

Last week, Changelly rolled out a new fixed-rate exchange mechanism which means that users are guaranteed the fee they are promised when initialising an exchange.

The new option will eliminate the risk of fast-changing exchange rates that can be quite significant when you are trading certain highly volatile tokens. Thus, protecting the traders on Changelly from fluctuations that can result in you ending up with lower values of cryptocurrency arriving in your wallet after an exchange has been completed. While the option was already available on their mobile app, this will see a roll-out on the website now too.

The way that the mechanism will work is that when you activate the fix rate feature, the amount you see will be frozen in place. This will stay the same for 30 seconds when you can choose whether or not to accept the rate. After 30 seconds this rate will then refresh and change and then you can alternatively choose that one. If you choose it, then you will be processed to the next stage of the exchange where you will have that rate available to you for 15 minutes. An apt amount of time whereby you can complete your exchange.

As such, you know what you are getting every step of the way from the moment you accept the amount to the completion of the transaction. There will be a small reserve amount included in the exchange rate though which will be used to ensure the rate. The platform described the option as “undoubtedly keeping up with Changelly’s values” in that it provides “instant, secure and customer-centric service.”

Speaking ahead of the launch of this new fixed-rate mechanism is Changelly’s CEO,  Eric Benz, explained, “Changelly has always delivered best in class service, and this is a sentiment to the quality of products we provide. It is a great pleasure to announce our fixed rates becoming available via the web, alongside our floating rates to further support the growing demand of our users and make it quicker and easier to purchase and swap between the crypto-assets we support.”

This comes just a week after another update, whereby Changelly expanded their wallet options available, with the inclusion of Jaxx Liberty.  As the platform pursuit of continual expansion and updates continues.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

1xBit Guide: Crypto Sportsbook & Casino

The casino and sportsbook industry continues to witness an increase in the number of platforms within the space. This creates a challenge of identifying the best and most reliable sportsbooks that will offer you the most impressive services. In this guide, 1xBit shall be reviewed in terms of its service offerings and unique features that […]

11 January, 2022

XBE Community Launches a $500k Bug Bounty

Decentralized technology is built to attract the smartest and brightest brains from all over the world to work towards a common goal: free and fair financial systems. Despite the uncertainties surrounding future laws, DeFi protocols are rapidly adapting and growing to provide new ways for individuals to obtain more value from their money. And this […]

28 December, 2021

11 Biggest Sponsorships Deals for the Crypto Market in 2022

The global sports industry is looking to revamp its activities and recover from the after-shocks of the COVID-19 pandemic. Cryptocurrency platforms on the other hand have enjoyed immense growth and are searching for big platforms that can provide better brand visibility. That’s where sports and crypto make a perfect match with many global sports organizations […]

1 December, 2021

ChangeNOW Unveils a New Cashback Feature

ChangeNow offers crypto users smooth exchanges and doesn’t stop there. The exchange platform provides registered users a chance to profit from crypto swaps with cashback in NOW tokens through the ChangeNOW website. The cryptocurrency exchange and processing platform offer you an effortless way to turn your traffic into profit and boost your crypto journey. The […]

15 November, 2021

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Celsius Casino has become a go-to gaming destination for casino fans looking for an action-packed online gaming platform. The online casino boasts a robust game catalogue with over 4,000 games. The extensive game portfolio caters to Slots, Table Games, and Live Casino fanatics and is powered by well-known providers such as Evolution Gaming, NetEnt, and […]

9 November, 2021

ChangeNOW Has Announced the Release of its Own Digital Wallet

Limitless and swift crypto exchange platform ChangeNOW has released its own non-custodial NOW Wallet, facilitating fiat to crypto purchases and reliable crypto transactions from the comfort of a mobile phone. NOW Wallet is available in beta version for both iOS and Android devices and allows users to transact with over 20,000 currency pairs, regardless of […]

29 October, 2021

BitPanda Enhances Its BEST Rewards Programme

The EU-based cryptocurrency exchange, BitPanda, has improved its loyalty programme, BEST Rewards. It is now providing owners of its BitPanda EcoSystem Token (BEST) an additional 12% in potential revenue each year. Every registered BitPanda user who has BEST in his or her wallet and carries out at least one monthly trade will be eligible for […]

25 October, 2021

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021