How To Perform a Fixed Rate Exchange on ChangeNOW.io — Swaps with More than 150 Cryptos
Hey everyone! As you might already know, our newest feature, fixed rate exchange flow, is already a hit on ChangeNOW! However, there are some who are yet to be familiar with it. If you are one of those people, welcome to our new guide to get you introduced!
First off, you might ask — What is a fixed rate exchange?
A fixed rate exchange is an exchange performed with the same rate which is displayed to the client in the beginning of an exchange, regardless of the subsequent rate fluctuations.
Now, how does it work?
You create an exchange and make a deposit. You have 20 minutes to deposit your exchange funds; during that time, we guarantee that the rate won’t change in any way. You will receive the exact amount that was displayed to you.
Now that that’s out of the way, let us show you how to exchange crypto on ChangeNOW at a fixed rate!
For the purpose of this guide, Ethereum and Zcash will serve as the input and output coins respectively.
So, let’s get into it!
Step 1. On the ChangeNOW home page, navigate to the Fixed Rate tab. Then, select your currencies and enter the amount you would like to deposit. You will be displayed the fixed rate for the output currency, in our case ZEC. The rate will remain the same for the entire time. Then, hit the Exchange button.
Step 2. Enter the ZEC wallet address where you would like to receive your ZEC, then click Next.
Step 4. After you have confirmed the transaction, send your Bitcoin to the generated address you will see on the screen. Please note that you have 20 minutes to do so; after they pass, you will have to repeat the procedure over again. We guarantee that the rate won’t change within this time frame.
Step 5. A useful bonus! The platform rewards you with NOW tokens, which give access to such benefits on ChangeNOW as special exchange rates and accelerated support.
That’s what the fixed rate flow is all about! ChangeNOW will process the transaction in the shortest time possible. It probably took you more time to read this article than it did to complete the exchange!
Hope you liked this one! We’re looking forward to meeting you on ChangeNOW, where you can exchange and buy more than 150 cryptos, easy as cake.