![]() You must consider the fact that the wallet providers use a different exchange rate than ours for calculating the value of your wallet balance. The amount displayed in fiat will also differ from the amount bought given that your wallet might use a different exchange rate than Coinify does.įor your order, we quoted 0.11393227 BTC and that is what we delivered What was £50 at the moment processing can be £55.50 or £37.80 at any given time, even if you don't use those bitcoins ever the balance in GBP will change in your wallet according to the fluctuation in the exchange rate. That amount of Bitcoins is on your trade flow confirmation, Trade History menu, Trade receipt sent by email, and Blockchain transaction log.īecause the rate changes constantly, if you look at that BTC amount in GBP, the number will fluctuate constantly too. Let's say you buy 50 GBP, we send you its equivalent in bitcoins at the current rate at the time of processing. That means the equivalent in Bitcoins to the fiat amount (EUR/USD/GBP/DKK) you decide to buy. We always send what we quoted during the placing of the trade. ![]() Please note that card transaction's rates are locked and bitcoins are delivered within minutes. there's around a 4% discrepancy that is unexplained. ![]() So you are paying 945 pounds for 868 pounds worth of bitcoin, even after already covering the handling and conversion fee yourself on top of the original figure (905 pounds in this case) that you wanted to purchase worth of bitcoin. Now if you multiply the bitcoin you will receive in this case, 0.11496514 BTC, by the current bitcoin price of 7552, you get 868 pounds. That all makes sense, and is reflected in having to pay 945.73 pounds for 905 worth of bitcoin.īut the price of bitcoin in pounds at the time of attempting to make that purchase, was 7552 pounds. Now on to the conversion fee, 0.5%, and 0.5% of 905 pounds is 4.52 pounds. The handling fee is 4.5% (this is shown as 4.5% in the 'checkout summary' right before clicking buy), so 4.5% of 905 pounds is 40.725 pounds. You can find more information about it here. It depends on the network's current transaction volumes. It is required to transfer the funds to you. ![]() It depends on the type of trade and payment method.Ī fee deducted from the purchased cryptocurrency amount.įor all purchases done in currencies other than USD, a foreign exchange fee of 0.50% applies. This is a fee Coinify charges in regards to processing and administrating transactions. A fee applied on top of your purchase amount. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |