Latest Rates and Fees: What to Know When Exchanging Crypto
How Bitmore Determines Latest Rates
Tied to Mid-Market Benchmarks
We do not service sanctioned countries and only support reliable assets: BTC, ETH, USDT (TRC20, ERC20). Our rates primarily follow major exchanges and data aggregators, ensuring up-to-date market prices with no hidden markups. We factor in operational costs and volatility to maintain competitive offers.
Fixed at the Moment Funds Arrive
- For selling crypto, the rate (e.g., BTC or USDT) is locked once your coins reach Bitmore’s wallet (after network confirmations).
- For buying crypto with cash, the rate is locked after verifying and counting the money.
This system shields clients from sudden market fluctuations, as the price can change while your transaction is processed. Rate fixation ensures you won’t face an unpleasant surprise.
Why We Lock Fees for 20 Minutes
Our fee is frozen for 20 minutes after you create an order. If you pay within this timeframe (sending crypto or depositing fiat), the conditions remain the same. Otherwise, after 20 minutes, we recalculate the fee based on current market conditions. This approach:
- Offers transparency: clients know in advance how much they’ll be charged.
- Encourages promptness: acting quickly lets you secure advantageous terms.
- Protects against volatility since crypto prices can shift in minutes or hours.
How It Works in Practice
- Create an order: specify whether you’re selling (BTC, ETH, USDT) or buying (cash → crypto). Choose the fiat currency (USD, EUR, or GBP).
- Contact a manager: Bitmore requires no complex KYC, just an email address and Telegram username. The manager will confirm details and provide a wallet address.
- Pay the order: if selling crypto, send it to the provided wallet. If buying, deposit cash at a cashier in Ukraine (where we offer both cash → crypto and crypto → cash) or use the general crypto → cash flow in other cities (London, Manchester, Paris, Berlin, etc.).
- Lock in the rate: for selling, we fix it once funds arrive; for buying, after your cash is verified.
- 20-minute fee lock: the fee remains unchanged if you pay within this window.
- Complete the transaction: after final verification, cash is handed over in minutes. If you’re buying crypto, you’ll receive a test transaction first, then the full amount.
Key Advantages of Transparent Rates and Fees with Bitmore
- Time-saving: straightforward terms, no lengthy verifications or complicated forms.
- No limits: exchange exactly as much as you need.
- Secure: we use modern encryption protocols and don’t gather unnecessary client data.
- 35+ city coverage: in Ukraine (Kyiv, Odesa), we handle crypto-cash and cash-crypto; in other locations (London, Manchester, Paris, Berlin, etc.), crypto-cash.
- Fast: after network confirmation or cash verification, deals close immediately. Learn more about speed in this separate article.
Conclusion
Transparent rates and fees are a top priority when choosing a crypto exchange. Bitmore ensures you get clear pricing that won’t change if you pay within 20 minutes of placing an order. Locking the rate once funds arrive also helps protect against market swings, making it easier to plan your finances.
If you want a quick, secure exchange of BTC, ETH, or USDT (TRC20, ERC20) for USD, EUR, GBP (or vice versa), consider Bitmore. We’ve operated since 2018, avoid sanctioned jurisdictions, and don’t use altcoins, offering reliable service in over 35 global cities.
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