What is an exchange rate?

Modified on Sun, 03 Sep 2023 at 01:28 PM

The exchange rate is the rate at which a unit of one currency can be exchanged for another. OK.secure uses a floating exchange rate.

Usually, each transaction gets done at its own unique exchange rate. Due to the volatile nature of the cryptocurrency market and the ever-changing network fees, the rate might change at any moment, and thus be described as “floating”.

As a result, you might get a different rate than you expected once your exchange is completed.

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