Which one is “Buy Rate”, which one is “Sell Rate”, and which one applies to me? Perhaps you are one of those who have been fleeing away from SekiApp’s rates page because it appears like quantum physics to you every time you try to look it up and calculate the worth of your digital assets; well, that is about to be a thing of the past as this post is about making proper clarification of what the rates page is, how it is structured and how you can make use of it to your advantage.
What is SekiApp’s Rate Page
Rates are an important part of digital asset trading as it shows you the value of what you are about to trade and the worth of the asset you own. Because of its importance, SekiApp has dedicated a whole page on its website to make rates accessible to you and make things easy for you and us whenever you want to initiate a trade.
How is SekiApp’s Rates Page Structured?
For you to benefit from the page, you have to understand what each term stands for and the structure of the page. In understanding this, the first things to note are the Name of an Asset, the Sell rate, and the Buy rate titles at the top of the page.
Name of an Asset: This simply refers to the name of a coin or gift card you would like to trade on SekiApp. Examples of such are Bitcoin, Solana, DashCoin, Tether, Ripple, Apple, eBay, Footlocker, and so on.
It is also noteworthy that these Assets have acronyms that might be used often; think of it as a nickname. Bitcoin can be referred to as BTC, Tether can be referred to as USDT, American Express gift card can be referred to as AMEX, and so on.
Sell Rate: This refers to the amount you sell your asset to SekiApp. It is the Naira equivalent of what you will get per 1$ of the asset you have. If you have 10$ worth of Bitcoin for sale, and the rate is 1000 Naira, it means the worth of the asset is 10, 000 Naira (which is what you’ll get).
Buy Rate: This is the amount you buy an asset from SekiApp. At the moment, the only assets you can buy are the cryptocurrencies listed on the rates page. Gift cards aren’t part of what can be bought on SekiApp at the moment.
The implication of the Buy rate is similar to that of the Sell Rate, only that your naira is being exchanged for assets in dollars. Another distinguishing factor is that the Buy Rate is most times slightly higher than the Sell Rate.
How Can I Make Use of SekiApp’s Rates Page
Now that you know how the rates page is structured, you must wonder what you should do with that information, and how does that benefit you. We won’t leave you hanging.
We’ll delve into how the SekiApp’s rates page affects you, and how you can use it to your advantage.
Firstly, the rates page is a guide that helps you get a glimpse of assets you can trade on SekiApp. If you have a type of gift card and you’re not sure if we buy the type you have, you can simply get clarifications via the rates page.
Secondly, you can stay glued to the rates page to make strategic moves, like when to buy an asset, and when to sell them and make gains.
Lastly, you can use it to calculate the worth of your assets in Naira, in case you need to convert it and cash out.
SekiApp’s rates page is not just an ordinary web page; it’s your financial ally in the world of crypto and gift card trading. Now that you’ve understood the essence of each element – the Asset Name, Sell Rate, and Buy Rate – you’re equipped to navigate the market with savvy precision.
Think of the rates page as your crypto compass, pointing you in the right direction for each trade. Whether you’re selling or buying, it’s your key to understanding the value of your assets in Naira, making strategic moves, and ensuring you’re always in the know.
So, embrace the power of knowledge, dive into the rates page, and let your crypto journey be guided by the clarity SekiApp provides. With this newfound understanding, you’re not just trading; you’re trading smarter.