TenX's backend trading engine bases the exchange rate on 2 factors.
- No one single exchange is used to generate the exchange rate. Our engine queries a number of the top exchanges and attempts to conduct the trade on the best exchange based on BID price for each individual transaction.
- It is highly important the currency exchange happens instantly as fluctuations in price are considered a high risk in the short time it takes our engine to make the exchange. Due to this, the exchange rate is set slightly below the current highest BID offer on the chosen exchange.
It is important to note TenX are not charging any additional or hidden fees during this process. The rate displayed in the app is the rate that TenX sell the currency for (after exchange + transaction fees).