How does the Cryptowallet exchange rate work?

Modified on Mon, 01 Aug 2022 at 01:21 PM

The CryptoWallet exchange rate is calculated by averaging the price across 10 different external exchanges and three over-the-counter (OTC) trading institutions. This results in an accurate, balanced view of the overall market price for each of the cryptocurrencies supported by the CryptoWallet exchange. 


The rate accounts for fees, limits, liquidity rates, and volatility levels.


 


How do exchange rates work?


On a crypto exchange, the rate consists of the latest bid price, meaning the last price a buyer was willing to pay, along with the ask price, the last price a seller was willing to accept, and the spread, meaning the difference between both prices.


 

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