I reply to all queries on the forums and via email, once per day, Monday to Friday (not weekends).

If you are new here, please see some information on how to ask for support. Thank you!

Reply To: Buying Crypto with Fiat currency on the exchange.

dashed-slug.net Forums Exchange extension support Buying Crypto with Fiat currency on the exchange. Reply To: Buying Crypto with Fiat currency on the exchange.

#10867
alexg
Keymaster

@Topicxchangetrader

Hello,

It is not possible to set an exchange rate. This is not really a swapping feature, it is simply a frontend to the Exchange’s markets.

To set an exchange rate, you, or others, must first place limit buy/sell orders on the orderbook. Therefore, the exchange rate is derived from these orders.

Once a user deposits a Fiat currency via bank transfer and the admin inserts the fiat deposit, the user’s fiat balance is updated.

Then, the user can trade on markets involving that fiat currency.

If the market on which the user trades is against a cryptocurrency, selling that fiat currency will result in the user having more balance on that cryptocurrency.

The user can later choose to withdraw that cryptocurrency using the [wallets_withdraw] shortcode.

Please let me know if you have any more questions about all this.

with regards