How long does the exchange rate remain valid? Why exchange rate has been recalculated? What is volatility?
For your convenience, ALFAcashier fixes the exchange rate for 5 minutes. It means if you send the funds within 5 minutes and the transaction goes into the network, the exchange rate remains the same, even if your transaction "gets stuck". Althrough the maximum time is 2 hours for all unconfirmed transactions. If your transaction isn't confirmed in 2 hours - rate will be updated as well.
So, there are 2 rules:
- payment should be sent within 5 minutes after you've created a new order
- unconfirmed transaction(s) should be confirmed within 2 hours or less
The term "volatility" means how quickly and to what degree the price of a particular asset changes over time.
We hope you will enjoy the simplicity and convenience of our service.