Avici
  • 👋INTRODUCTION
    • What's Avici
    • Why Avici?
    • Get started with Avici
  • 💡Key Features
    • Smart Account
    • Passkeys
    • Buy digital Assets
    • Auto Offramp
  • ✊OUR COMMITMENTS
    • User first
    • Decentralisation
    • Privacy
    • Self-custody
  • ⁉️FAQ's
    • Are my funds safe with Avici?
    • Can i withdraw my assets anytime?
    • What happens if i lose access to my email & passkey?
    • How is Avici compliant?
    • What happens when i click on Quick buy? How is Avici getting them?
    • I bought an asset but USDT was deposited
    • Understanding the loss when you make a deposit
    • Can't add passkeys on android
    • How much can i buy/sell USDT?
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  1. FAQ's

Understanding the loss when you make a deposit

When you make a deposit US dollars or other assets, You buy US dollars everytime you make a deposit. There is a spread between the price you buy and when you sell for US dollars. Example: If you deposit, Rs.1,000 and buy US dollars: You get USDT for Rs.90 per 1 USDT when you try to withdraw the same amount, You sell for Rs. 87 per 1 USDT Avici doesn't charge any fees on the spread, this is determined by overall market based on supply demand. This also the reason why USDT is more expensive than the actually US dollar price in fiat. We are working towards a solution to securely deposit Rupees without getting effected by the price without the need for creating a bank account.

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Last updated 1 year ago

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