What exchange rate does the bot use?

When creating an order, you can choose to specify only the fiat amount to pay/receive, without indicating the quantity of sats you want to buy/sell. In this case, you should select the Market Price button, and the bot will calculate the market rate offered by yadio.io at the moment your order is taken.

Market Price

When you select the Market Price button, you can also set a premium or discount for your offer. This means an increase or decrease will be applied to the bitcoin price indicated by yadio.io at the time the offer is taken.

Practical examples with their meanings:

  • Buying Sats +1%: I want to buy Sats 1% more expensive (above) than the BTC price indicated by yadio.io at the time someone takes my offer.

  • Buying Sats -5%: I want to buy Sats 5% cheaper (below) than the BTC price indicated by yadio.io at the time someone takes my offer.

  • Selling Sats +3%: I want to sell Sats 3% more expensive (above) than the BTC price indicated by yadio.io at the time someone takes my offer.

  • Selling Sats -4%: I want to sell Sats 4% cheaper (below) than the BTC price indicated by yadio.io at the time someone takes my offer.