All about the floating exchange rate on BestChange
Some exchangers listed on BestChange have the mark “This exchanger does not fix the rate at the moment of order creation”.”
Let’s make it clear what it means for the user. The mark appears in two cases:
If the currency pair is highly volatile. In this case, the exchanger sets a short period of order term or maximally possible percent of deviation to secure itself from sharp leaps of the rate. If the rate goes out the set frames, it will be recalculated up or down.
If this deal can take a long time, with the participation of cash or during periods of the high load of cryptocurrency blockchain. In this case, the amount is recalculated according to the rate which took place at the moment of closing the deal.
Some exchangers set a certain fixed time limit within which the rate will be fixed. Sometimes the rate is reviewed only after a considerable change of the cryptocurrency rate.
Any conscientious exchanger will display the corresponding information at the stage of creating an order, the number of network confirmations for cryptocurrency, condition for formaing the rate, maximal amount of the recalculation for the grand total etc.
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