Fixed or variable rate: which to choose

When you start a swap you choose how the rate is set. Either way, the swap form shows the rate, our spread and the network fees before you send anything.

Variable rate

• The rate is set when your deposit has enough confirmations, from live prices at that moment. The amount shown beforehand is an estimate.
• You can send any amount between the minimum and the maximum shown on your order.
• The order stays open for 3 days and accepts up to 5 deposits. Each deposit is priced on its own.
• You do not pay the extra charge for locking a rate.

Fixed rate

• You get a quote first. It is valid for 5 minutes, so create the order before it runs out.
• Send the exact amount shown on the order within 30 minutes. The amount you receive is then guaranteed.
• If your deposit is off by 1% or less, we still complete it at the locked rate and adjust the payout in proportion. If it is further off, we refund it.
• A fixed-rate order takes one deposit. A second deposit is refunded.
• Locking the rate costs 0.3% more, because we carry the risk of prices moving while you send.

Which one to pick

Pick a fixed rate when you need a known amount at the other end, for example to pay someone, and you send from a wallet where you control the exact amount.

Pick a variable rate when you send from an exchange that may take its withdrawal fee out of the amount, or when you are not sure how long your transaction will take.