Changelly has announced a fixed fee crypto exchange that will be a prominent feature of its updated mobile application. Changelly is a leading cryptocurrency swap platform delivering immediate crypto exchange solutions in real-time. The new fixed fee crypto exchange feature will further reduce the market fluctuations experienced during the transactions.
Nonetheless, Changelly will still offer its traditional floating rate mechanism to those who wish to exchange cryptocurrencies at live rates. The same fee of a quarter percentage (0.25%) will be applicable to such crypto-to-crypto exchanges.
How fixed fee crypto exchange works on Changelly
The new Changelly mobile app will offer the fixed-rate exchange preference to the users. When a user enters the amount and chooses a fixed fee crypto exchange option, the exact amount displayed at the moment will remain static regardless of the fluctuations in the exchange rate while the transaction is being executed.
This stable price during the exchange execution interval will benefit those who wish to avoid live market fluctuations. This can come in handy for large institutional investors who will be able to save their transactions from any excessive variation.
Changelly achieves this zero-risk exchange mechanism by maintaining a small reserve that supports the user’s funds from any undue rate fluctuations. This cushioning rate is added to the initial exchange rate figure displayed to the user at the beginning of the transaction.
Updated Changelly mobile app
It offers both fixed fee crypto exchange and floating rate mechanisms to the users. Users can purchase a wide variety of cryptocurrencies using their bank card. They can explore the numerous listed crypto-assets and their live rates. The support section has been updated, too, with more features to reach Changelly.
Users can label the crypto addresses they love and even save them in a built-in address list. The transaction history section is also helpful to track user activity. The renovated Changelly mobile app is live on the Android Play Store and weighs 8 MB.