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What does rate guarantee mean?

Every transaction you create with Covercy has the rate guarantee feature enabled.

The rate guarantee means that the exchange rate you see when you have initiated a transaction, is the final exchange rate in which your transaction will be carried out with. Important to mention is that the rate guarantee is enabled for 48 hours from the moment you have initiated a transaction, giving you time to send us the funds.

 

If you have sent us the funds after the 48 hour mark, the system will change the exchange rate and you will be notified.

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