To exchange currency –
1) Go to user Dashboard, click on ‘Exchange‘ button.
2) Select From wallet currency & To wallet currency.
3) Enter exchange amount. Based on currency rate ( ‘From wallet’ currency rate) amount will be converted.
Note: User wallet currency which are activated from Fees limits->transaction type->Exchange only those currency will come in ‘From wallet’ currency list. All activated currency from Fees limits->Transaction type->Exchange will come in ‘To wallet’ currency list either it’s in wallet or not.
NB: Exchange rate value will be different when rate come from API.
4) Click on confirm button.
Suppose you are exchanging amount 10 From USD to EUR.
Here, Exchange rate is 1 USD =0.85 EUR.
10 USD= 10*0.85
= 8.50 EUR. where exchange fees are (0.12%+1) =1.01.
This exchange amount will be added in wallet EUR currency.
Note: Fees are always deducted from ‘From wallet’ currency.
Total=Amount + fees
= 11.01 USD
This total amount will subtracted from wallets USD currency . About Exchange currency,Fees & limits details are here.