How does a fixed rate cryptocurrency exchange work?

When you choose a fixed rate exchange, the rate is locked in from the start and remains unchanged throughout the process. You have a 15-minute window to send your funds, and regardless of market fluctuations, you will receive the exact amount displayed at the beginning. If the exchange rate changes by more than 1.3% before the transaction is detected on the network, you will be offered either a refund or an exchange at the market rate. This provides certainty and eliminates the risk of price volatility affecting your final amount.