Prestmit offers a single, consistent exchange rate, making pricing clearer and easier to understand for all sell crypto transactions, regardless of amount. Rates change with the market, the rate applied is the one current at the time your transaction is confirmed. If your default wallet is Cedis, Prestmit converts Naira to Cedis automatically using the current conversion rate.
Frequently Asked Questions
What does unified crypto rate mean?
It means that all sell crypto transactions are processed using a single, consistent exchange rate, regardless of the amount being sold.
Will transaction size still affect my rate?
No, the same rate applies to all transactions, whether large or small.
Does this apply to all cryptocurrencies?
Yes, the unified rate applies to all supported cryptocurrencies available for selling on the platform.
Will the rate remain fixed permanently?
No, rates may still change based on market conditions, but at any given time, all users will receive the same rate.
Does this change apply to buying cryptocurrency?
No, this update only affects crypto sell transactions.
Why was this change introduced?
It was introduced to improve transparency, reduce confusion, and provide a simpler and more consistent transaction experience.