ChangeNOW has announced an update for the fixed price functionality on its cryptocurrency exchange. The changes affected the interface, transaction time, exchange rate limits and the level of exchange rates during a fixed exchange rate.
Fixed rate exchanges are now processed at an increased speed without compromising security for any of the 29 crypto assets that support the fixed rate functionality, including Bitcoin, Ethereum, USDT, Cardano, Doge, and Ripple. ChangeNOW will keep adding new coins to this list.
The update also affects several interface adjustments. Once a ChangeNOW customer agrees to a fixed price, the clock will be set for 2 minutes to create a transaction and an additional 20 minutes to send a deposit after the transaction has been created. Now the time is displayed directly in the calculator above the field for the final exchange amount. A small lock symbol in this field enables ChangeNOW users to choose whether they want to use the fixed rate option or stick to the variable rate. The same symbols on the supported currencies page highlight all 29 available currencies to proceed with the fixed rate exchange.
According to Mike Ermolaev, Head of Public Relations at ChangeNOW, this move will give users more freedom of choice when exchanging their funds: “Prices and fees in the crypto world are always unstable. Coins can become bullish or bearish at any time, even while a transaction is taking place. Because of this, when exchanging a coin for another crypto or fiat, the average user has only a rough idea of its total amount after the conversion. The final total can be larger or smaller than expected, depending on market behavior.
Fixed exchange rates are a means of changing this situation and making the whole process more convenient for users. This newly updated feature lets ChangeNOW users know the exact amount they will receive in the currency they are converting into. After selecting a fixed price option, a user is protected against market volatility as ChangeNOW assumes all price-related risks and protects them from the price fluctuations. However, this feature is optional, we leave it up to users to decide whether they want fixed or floating exchange rates for transactions. “
This update is now available for the Android and iOS versions of ChangeNOW as well as for the web. The new discounts also work via the ChangeNOW API v2 and v1.
ChangeNOW is a limitless crypto exchange that offers fast crypto swaps with no hidden fees. It remains one of the biggest proponents of crypto adoption with mainstream audiences, aiming to create a safe, private, and user-friendly environment as part of a larger series of efforts to bring the crypto industry into the future.
The crypto exchange on ChangeNOW is fast, cheap and transparent; Users can exchange crypto not only through the ChangeNOW website, but also through dedicated apps on iOS and Android mobile devices.