What is a fixed-rate exchange?

On the cryptocurrency market, rates can change every second, which creates certain risks for a deal. A fixed rate and a floating rate are the two main options offered by exchange platforms.

Let's look at their features:

• Floating — depends on the state of the market, so the final amount of received currency may differ from the originally stated one.
• Fixed — lets you lock the currency price at the moment the transaction starts, giving users predictability over the final amount. On the E-Change platform, the "You Send" and "You Get" fields always show a maximally close estimate before the deal is concluded, allowing the user to evaluate the conditions in advance.

Why is the stability of a fixed exchange rate important?

• Protection from volatility — sharp moves in crypto can significantly affect the final exchange amount, but a fixed rate prevents these risks.
• Convenience for users — there is no need to worry about price spikes during the transaction.