Rules of rate-fixing

Service eezy.cash uses several cryptocurrency exchanges as an oracle, such as:
– bitexbit,
– binance,
– whitebit,
– huobi,
– bitstamp.

Since our service hedges market orders, the rate volatility can range from 1 to 5%.

The exchange rate is fixed at the moment of receiving a certain number of confirmations in a particular blockchain. The required number of confirmations in the certain currency and network is indicated in the table below.

Crypto Confirmations
BTC (Bitcoin) 4
WBTC (Wrapped Bitcoin) 30
BTCB (Bitcoin BEP-20) 45
ETH (Ethereum) 30
ETH BEP-20 (Ethereum BEP-20) 40
WETH (Wrapped Ethereum) 30
DOT (Polkadot) 300
SOL (Solana) 5000
DOGE (Dogecoin) 60
XMR (Monero) 18
SHIB (Shiba Inu) 25
TRX (Tron) 50
XRP (Ripple) 10
BNB (Binance coin) 30
LTC (Litecoin) 10
ADA (Cardano) 310
NEAR (Near protocol) 15
XTZ (Tezos) 40
USDT (TRC-20, ERC-20, BEP-20) 90
USDC (TRC-20, ERC-20, BEP-20) 90
BUSD (BEP-20) 90

The amount to be received is calculated according to the actual amount of payment for the application received on the account of the service eezy.cash.

Exchanging cryptocurrency for cash USD, the amount to be received by the client in cash USD (D) is calculated by the formula:
(A–B)*C=D
A — the price of the cryptocurrency on the exchange platform at the time of its crediting to the eezy.cash account;
B — eezy.cash service commission;
C — the number of sent coins.

Exchanging cryptocurrency for cash EURO, the amount to be received by the client in cash EURO (E) is calculated by the formula:
((A-B)/F)*C=E
A — the price of the cryptocurrency on the exchange platform at the time of its crediting to the eezy.cash account;
B — eezy.cash service commission;
F — the price of EURO to USD on the site ecb.europa.eu;
C — the number of sent coins.
The cost of EURO is determined according to the current exchange rate on the website ecb.europa.eu.

eezy.cash service commission (B) is calculated by the formula:
(G/H-1)*100=B (%)
G — the price of 1 coin on the eezy.cash website at the time it is credited to the eezy.cash account;
H — the price of the cryptocurrency on the exchange platform at the time of its crediting to the eezy.cash account.