Changelly Unchains its Capabilities with a new Fixed-rate Mechanism
Instant cryptocurrency exchange service, Changelly.com is now empowered with a new fixed rate mechanism, allowing users to lock the current exchange rates for 15 minutes.
Changelly, a non-custodial, secure cryptocurrency exchange, has just launched a new feature, allowing desktop users to benefit from the fixed rate mechanism when swapping crypto. It allows users to not undertake crypto market fluctuations risks when exchanging cryptocurrencies, while still having access to the most favorable rates on the market.
Previously only available on the mobile platform, the ability to lock the current exchange rate is now also offered to desktop users. To swap at a fixed rate, the user has to click on the lock icon in the exchange window, which will allow them to receive exactly the amount of crypto displayed on the screen. Changelly will be refreshing the guaranteed rate every 30 seconds, during which the user needs to decide whether to accept the displayed rate or not, afterwards proceeding to the exchange as normal. The rate will be locked for 15 minutes, starting from the moment the transaction has been created.
This new feature will protect Changelly users from market fluctuations. As has been mentioned previously, the amount of crypto displayed at the beginning of the exchange will not be changed until the end of the transaction. Users will also be given a small reserve amount (included in the exchange rate) to ensure the safety of their funds, undoubtedly keeping up with Changelly’s values: providing instant, secure and customer-centric service.
Changelly CEO Eric Benz considers this new feature another step forward in providing the instant crypto exchange users the best platform possible, stating that, “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.”
As there are thousands of users visiting Changelly every day, fixed rate exchanges will be phased into the website gradually to avoid overloading the service. Currently, fixed rate transactions are available to only about 5% of Changelly website users, but that number will increase very soon!
Alternatively, users still have to ability to make crypto-to-crypto exchanges at a floating rate, for which Changelly offers the lowest market fee of only 0.25%.
Changelly is a non-custodial instant cryptocurrency exchange, which means that no user funds are held on to by the service. Changelly acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies.
The company’s mission is to make the exchange process effortless for everyone who wants to invest in cryptocurrency. Operating since 2015, Changelly attracts over a million monthly visitors who enjoy the high limits, fast transactions, and 24/7 live support the service offers. Changelly has an intuitive interface, the best exchange rates, and secure transactions.
For those looking to exchange crypto on-the-go, Changelly offers its official mobile app with fixed-rate exchanges, available for download on the AppStore and Google Play. For those who would like to exchange crypto at a floating rate, Changelly offers the market-low fee of 0.25% for all crypto-to-crypto exchanges.
Changelly offers its API and a customizable payment widget to any crypto service that wishes to expand its audience and implement new exchange options. Dozens of crypto businesses already use Changelly’s API, adding the instant swap feature to their services. The platform also provides an Affiliate program with a 50% revenue share mechanism.
For more information, visit Changelly’s website.