What is the difference between Variable and Fixed rates?

Variable rates offer flexibility and are more cost-effective but come with rate uncertainty, while fixed rates provide stability at a slightly higher cost. The choice depends on your transaction's requirements.

Here's a concise overview:

Variable Rates

  • Flexible Estimates: These rates are subject to change during the transaction due to market fluctuations and exchange slippage.

  • Best for Defined Send Amounts: Ideal for transactions where the sending amount is fixed, not the receiving amount.

  • Cost-Effective: Generally lower than fixed rates, making them recommended for most transactions.

Fixed Rates

  • Stable Pricing: Rates are locked in at the start of the transaction, unaffected by market changes during the process.

  • Suitable for Precise Receiving Amounts: Recommended for transactions requiring a fixed receiving amount, like invoice payments.

  • Higher Rates: Rates account for market volatility, therefore typically higher than variable rates.

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