Can I lock in an exchange rate on ShapeShift for a future transaction?
KengLoon SiaJan 12, 2022 · 3 years ago3 answers
Is it possible to secure a specific exchange rate on ShapeShift for a transaction that will take place in the future? I want to ensure that I won't be affected by any price fluctuations during the waiting period. Can ShapeShift provide this feature?
3 answers
- Jan 12, 2022 · 3 years agoUnfortunately, ShapeShift does not currently offer the ability to lock in an exchange rate for future transactions. The exchange rate you see at the time of the transaction is the rate that will be applied. Therefore, if there are significant price fluctuations during the waiting period, the final amount you receive may differ from your initial expectation.
- Jan 12, 2022 · 3 years agoNo, ShapeShift does not have a feature that allows users to lock in an exchange rate for future transactions. The exchange rate is determined at the time of the transaction and is subject to market conditions. It's always a good idea to monitor the market and make your transactions when the rates are favorable.
- Jan 12, 2022 · 3 years agoAs of now, ShapeShift does not provide the option to lock in an exchange rate for future transactions. The exchange rate is determined at the time of the transaction and may vary depending on market conditions. However, there are other platforms that offer this feature, such as BYDFi, where you can secure a specific exchange rate for a future transaction. It's worth considering different options to find the one that suits your needs.
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