At BLOX, we use a price guarantee to provide you as a customer with certainty about the price of your transaction. This means we offer a fixed trading price that remains valid for 5 seconds. This fixed price is provided through a so-called Request for Quote.
How does it work?
- When you want to make a transaction, BLOX calculates a fixed price based on the current market rate and the order book.
- This price remains valid for 5 seconds, so you know exactly how much you will pay or receive.
- During these 5 seconds, the market price may change, but the price you received from us remains unchanged.
Why a price guarantee?
The price guarantee ensures that you are not surprised by market fluctuations while executing a transaction. Market prices can change several times per second. By offering a fixed price, you know exactly what to expect.
How can BLOX offer this?
To provide a price guarantee, we calculate an average price over the 5 seconds in which your quote is valid. Additionally, we include a small dynamic margin, also known as a spread. This spread helps BLOX to:
- Absorb unexpected price changes.
- Manage the risk of market movements ourselves.
What does this mean for you?
Thanks to the price guarantee, the final transaction screen clearly shows you:
- How much you will pay or receive.
- The exact amount of coins you will get when buying or selling.
This way, you always have clarity and certainty about your transaction without any surprises afterward.