How the rate works
GF-PAY's BTC/US Dollar rate is based on the live market price with a 1% spread and a 2% service fee (minimum 1 USDT). Quotes refresh every 15 seconds; the rate locks when you create an order.
Unlike banks and centralized exchanges, GF-PAY uses a P2P model: you trade directly with the platform, no counterparty matching needed. The rate stays fixed for the quote's validity window (15 minutes).
What affects the price
Crypto market volatility is the primary driver of the BTC/US Dollar rate. During sharp moves, the spread automatically widens to cover slippage risk.
US Dollar off-exchange liquidity also influences the quote. For large amounts (over 10,000 USDT), request a custom quote for a better rate than the automated calculation.
- Blockchain congestion — affects BTC confirmation time
- US Dollar banking system speed — affects fiat arrival time
- GF-PAY spread policy — auto-adjusts with market volatility
- Order size — large orders can use custom quotes
How to sell BTC to US Dollar on GF-PAY
Selling BTC to US Dollar through the GF-PAY Telegram bot takes 3 steps. The system generates a one-time address, matches the exact amount, and processes your order immediately after confirmation.
- Open @GfPAYam_bot, select "sell" → "US Dollar", enter the BTC amount you want to sell.
- The system displays the locked rate, fee breakdown, and final amount you will receive. Confirm to create the order.
- Send BTC to the generated one-time address. After blockchain confirmation, your US Dollar arrives instantly.
Frequently asked questions
How often does the rate update?
GF-PAY rates refresh every 15 seconds from market data sources. The rate locks when you create an order and stays valid for 15 minutes.
Are there hidden fees?
No hidden fees. GF-PAY's fee structure is fully transparent: 1% spread + 2% service fee, minimum 1 USDT. The exact amount you will receive is shown before you sell.
What is the minimum sell amount?
The minimum trade is 10 USDT equivalent. Smaller orders are impractical due to blockchain network fees.
How fast do I receive fiat after selling?
After blockchain confirmation (typically 1-3 minutes), GF-PAY immediately initiates the fiat transfer. Arrival depends on your bank, usually instant to 2 hours.
Can I cancel the order if the market suddenly spikes?
Orders can be cancelled before you send crypto. Once the blockchain transaction is confirmed, the trade is irreversible.