What is the minimum exchange amount?
The minimum amount varies depending on the cryptocurrency, typically ranging from $2 to $20. This helps cover network fees.
What is the maximum exchange amount?
Swap Hamster does not impose upper limits on the amount you can exchange. You are free to exchange as much cryptocurrency as you wish.
How long does the exchange process take?
Most transactions are completed within 5 to 60 minutes, depending on the blockchain's capacity. Larger transactions or network congestion may cause delays.
What should I do if my transaction takes too long?
Transaction times can be longer than usual due to blockchain overload, DDoS attacks, or cryptocurrency updates. If your transaction is delayed, please contact our support team via online chat or email for assistance.
Is KYC required?
Swap Hamster does not require KYC for most exchanges. However, our partners may request a KYC check if their risk management systems flag a transaction.
Why is the amount I received different from the initial amount?
Cryptocurrency prices can be volatile, leading to fluctuations in the exchange rate during the transaction. This may result in receiving slightly more or less than the initial amount expected.
What is a floating rate exchange?
A floating rate exchange allows the exchange rate to fluctuate during the transaction. The final amount of cryptocurrency received may vary from the initial estimate due to market conditions.
What is a fixed rate exchange?
A fixed rate exchange locks in the exchange rate for a specified period, usually between 15 to 120 minutes. This protects you from market volatility, ensuring you receive the exact amount quoted if the transaction is completed within this timeframe.
What is the difference between fixed and floating exchange rates?
Fixed rates provide certainty by locking in the exchange rate, while floating rates can change with the market, potentially resulting in a different amount received. Fixed rates may include a risk premium in the price.
Can I cancel my transaction?
Blockchain transactions are irreversible. Once initiated, they cannot be canceled. Always double-check payment details before sending cryptocurrency.
What is a transaction hash?
A transaction hash is a unique identifier for each blockchain transaction, allowing you to track its status.