# Conditions of dynamic cryptocurrency counting

The price of cryptocurrency is extremely volatile, so both the client and “Wltx” are always at risk of losing part of the amount during the transaction. To guarantee both parties the same fair conditions, we have implemented a dynamic pricing policy for cryptocurrency.

And here is how this policy affects the BUY transactions of cryptocurrency on the Wltx platform (hereinafter referred to as “BUY transactions”):

For all BUY transactions, the price of the cryptocurrency, and therefore the amount of cryptocurrency sent to the customer, is fixed for 15 minutes. After 15 minutes from the beginning of the transaction, the price of cryptocurrency starts to update with a regularity of 1 time per minute, the price updates until the transaction is completed.

The price of the cryptocurrency is fixed for 15 minutes, which allows most of our customers to receive the exact amount specified at the beginning of the transaction. Most payments are accepted within 15 minutes, so this policy will not affect the majority of transactions in any way. However, due to circumstances beyond our control, some payments take longer to arrive (for example, due to delays by banks or credit card payment processing providers). To ensure that no party suffers a loss due to changes in the price of cryptocurrency, the amount of cryptocurrency that will be sent to a customer will be recalculated based on the market price at the time we confirm receipt of your payment.

Here is how this policy affects cryptocurrency SALE transactions on the Wltx platform (hereinafter referred to as “SALE transactions”):

For all SALE transactions, the price of the cryptocurrency, and therefore the amount of fiat money sent to the customer, is fixed for 15 minutes. After 15 minutes have elapsed since the beginning of the transaction, the price of cryptocurrency starts to update with the regularity of 1 time per minute, the price update takes place until the transaction is completed.

The price of cryptocurrency for SALE transactions is fixed for 15 minutes because it usually takes no more than 10 minutes to confirm a cryptocurrency transaction on the blockchain. The time it takes to receive a cryptocurrency transaction confirmation depends on several factors, the main one being the transaction fee paid by the sender. Therefore, customers are advised to check if this fee is paid, as paying it will ensure that the transaction confirmation is received quickly.

To find out the current fee that must be paid to ensure fast confirmation on the bitcoin network, please visit this page: <https://bitcoinfees.earn.com/>.

Note: the initial “fixed” price of a cryptocurrency as well as the “dynamic” price are calculated based on the average of the prices of several major exchanges (such as Kraken, Bitstamp, Bitfinex, etc.).


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