Can I use Oanda's foreign exchange rates to track the value of my digital currency portfolio?

3 answers

• ShwanFeb 18, 2024 · 2 years ago
  Yes, you can use Oanda's foreign exchange rates to track the value of your digital currency portfolio. Oanda is a reputable forex provider and their rates are generally considered to be reliable. However, it's important to note that Oanda's rates may not always perfectly align with the rates on cryptocurrency exchanges due to various factors such as liquidity and market demand. It's always a good idea to cross-reference Oanda's rates with the rates on your preferred cryptocurrency exchange to ensure accuracy.
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• jaelSep 20, 2024 · a year ago
  Absolutely! Oanda's foreign exchange rates can be a useful tool for tracking the value of your digital currency portfolio. While their rates may not be identical to those on cryptocurrency exchanges, they can still provide a good estimate of the value of your holdings. Keep in mind that exchange rates can fluctuate rapidly, so it's important to check Oanda's rates frequently to stay up to date.
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• Rude BoiOct 20, 2023 · 2 years ago
  Yes, Oanda's foreign exchange rates can be used to track the value of your digital currency portfolio. However, it's worth noting that Oanda is not a dedicated cryptocurrency exchange, so their rates may not always reflect the exact market value of specific cryptocurrencies. For more accurate tracking, you may want to consider using a dedicated cryptocurrency portfolio tracker or an exchange that offers real-time pricing data for digital assets.
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