The market keeps moving forward, therefore does Changelly. We are continuously enhancing our services and boosting the community of Changelly’s items to bring you the very best crypto experience. Today, we will describe how to swap cryptocurrency on the Changelly immediate exchange platform and become a happy crypto HODLer in simply numerous minutes. This tutorial includes two parts: 1) How to exchange crypto at a fixed rate; 2) How to exchange crypto at a floating rate. Here we go.
Step 1. Develop a Changelly Account
The registration won’t take you more than 2 minutes. Just click the green “Sign up” button in the upper right corner of the site. You will be offered to develop an account using your e-mail address or Google/Twitter/Facebook account. Select the option that fits you finest and return to the exchange window to set up your crypto preferences. We select the trading pair of USDT/DOGE in this example. Today, we want to exchange 150 USDT (Omni) for DOGE.
Considering that we have been in the cryptocurrency market for more than 6 years, we know (and hope you do too) that the crypto market suffers from fantastic volatility. It indicates that cryptocurrency rates are continuously changing and might sometimes change drastically within an hour/day/week/ etc. The Changelly team created two functions that assist you utilize the disorderly power of crypto volatility: exchange at drifting or fixed rates.
When swapping crypto at a floating rate, the final amount of exchanged cryptocurrency might change due to unmanageable market motions. This indicates if the market at the minute of your crypto exchange reddens (decreases), then the amount of cryptocurrency that will appear in your wallet might be lower than the approximated one.
Every trader, whether it is a crypto newbie or a professional, must comprehend that volatility is a part of the video game, and nobody can manage it.
When switching crypto at a fixed rate, the last quantity of exchanged cryptocurrency will remain the same as the estimated one regardless of the market’s movements. This suggests even if the market turns red, the final amount of exchanged cryptocurrency will not change.
Let’s have a look at how to exchange USDT to DOGE at a set rate. Once the choices are set, click the “Exchange now” button.