A question about exchange rates

[Mttewndew]

Hey. I have a question for those who use various exchangers. Recently, I read an article in which it is a question of fixed rates during the exchange and their expediency.

Actually, the question is this: do you often use fixed rates when exchanging, because, usually, they are not as profitable as floating ones. Are fixes, in your opinion, a necessary measure or should you not be afraid of market volatility and exchange coins at a floating rate?

[1714849811]

1714849811

[mr.relax]

On any trade, there is a time when rates are fixed.
If theres a lot of Time between arrangement and payment arrival, you should use floating rates before the rate gets fixed.

On P2P, floating rates are essential for the trader.

Just imagine if rates would be fixed the day before the payment happenes:
A trader meets a customer who wants to buy BTC with cash:

Rate is rising, so the lower rate makes the trader loose. The customer will appear at the meeting, but the trader will loose as the old rate is lower.
Rate is dropping, so the high rate makes the customer loose. He probably wont appear at the meeting. The trader travels in vain and looses time and expenses.

So for the trader longtime fixed trades are a loose-loose-situation at P2P trades.

Best for P2P is always Rates get fixed at the meeting.

[mr.relax]

The answer above is related only to P2P transactions.

Heres my answer for online exchanges:

Fixed rate exchanges offer in general higher rates for buyers and lower for sellers, the spread is bigger.
I only use real exchanges that offer no coins but a market and I use relative low(buy) limit orders.
This only works well on big exchanges with a well filled orderbook.
The bigger the exchange, the smaller the spread.
You almost always can beat the price of a small fixedrateexchanger who trades with his own coins.
In many cases the market maker pays less fee than the taker. In that case it makes even more sense to set a limit order below(buy) or above(sell) spread.
The more volatile the market situation is, the better your chances to make good deals. But with low(buy) or high(sell)limit orders you need more time for execution.
Also very often the fees at fixed rate exchangers are higher compared to real exchanges.
Include the fees for deposit and withdraw in your calculation.

If you exchange low amounts, g.e. 0.1BTC, it might be cheaper(and stressless) at fixed rate exchangers like changelly.

Consider a third way if you dont include fiat in your trade: Use decentral exchanges wherever possible.
 
If you trade eth-erc20tokens, use tools like https://dex.ag/, where you get automatic the best rates of several dexes.
If you trade different blockchains, give waves a try(relative good volume for BTC,ETH,XMR,LTC).

[rexxarofmoknathal]

The answer above is related only to P2P transactions.

Heres my answer for online exchanges:

Fixed rate exchanges offer in general higher rates for buyers and lower for sellers, the spread is bigger.
I only use real exchanges that offer no coins but a market and I use relative low(buy) limit orders.
This only works well on big exchanges with a well filled orderbook.
The bigger the exchange, the smaller the spread.
You almost always can beat the price of a small fixedrateexchanger who trades with his own coins.
In many cases the market maker pays less fee than the taker. In that case it makes even more sense to set a limit order below(buy) or above(sell) spread.
The more volatile the market situation is, the better your chances to make good deals. But with low(buy) or high(sell)limit orders you need more time for execution.
Also very often the fees at fixed rate exchangers are higher compared to real exchanges.
Include the fees for deposit and withdraw in your calculation.

If you exchange low amounts, g.e. 0.1BTC, it might be cheaper(and stressless) at fixed rate exchangers like changelly.

Consider a third way if you dont include fiat in your trade: Use decentral exchanges wherever possible.
 
If you trade eth-erc20tokens, use tools like https://dex.ag/, where you get automatic the best rates of several dexes.
If you trade different blockchains, give waves a try(relative good volume for BTC,ETH,XMR,LTC).

In the same thought of line as @mr.relax, in stance of the market volatility and considering that you're trading for a profit rather than a loss, generally float rates are more advantageous to use, they're safer for a trader at either end of the spectrum, either buying or selling. On the other hand, fixed rates aren't completely bad, they too can be good to use in certain circumstances like when you deal with small amounts as you can minimise the loss.

The bottom line is that whether you use one or the other, it's difficult to judge per say which one should be used as it depends on the situation, though more often you see float rates

[Exolix]

Our exchanger provides services of exchanging crypto coins to a crypto coin and Exolix always offers the clients fixed rates.

What does it mean? This means that the exchange process is as follows:
1. Enter the currency you want to exchange
2. Enter the currency you want to receive
3. See the amount you'll receive after the exchange

The amount of that cryptocurrency is in accordance with the exchange rate, which is currently on the market. So since this moment, the rate is fixed and we guarantee that you'll receive exactly the amount of currency that was shown at the beginning.

The average exchange time on our service is 15 minutes, during these 15 minutes the exchange rate of any currency can change dramatically, especially in conditions of increased activity in the market that we are currently observing. Of course, someone could make money on this, but such an approach is always about great risks, and we do not want to expose our clients to such risks. Thus, fixed rates are a significant advantage, as they protect the client from market volatility.

But now we are studying this issue and if someone is interested to sometimes use the opportunity to exchange without fixed rates, namely to be able to select this function on the site https://exolix.com/ in an individual mode, you can write this in the comments.