Why is there a difference between the 'estimated quoted price' and the 'settled price' when using banktransfer?

The difference between the 'estimated quoted price' and the 'settled price' of your buy order when using a bank transfer arises due to the time delay and the inherent volatility of the cryptocurrency market.

Estimated quoted price: an indication price what you could expect to receive.
Settled price: the real price once the buy order has been executed.

Key reasons for the difference

Market volatility
Cryptocurrency prices can fluctuate significantly in a short amount of time. Since it can take up to three working days before we receive the funds, the price of the cryptocurrency may change between the time you receive the quoted price and when the funds are actually received and the transaction is settled. This volatility can cause the settled price to be higher or lower than the initially quoted price.

Time of settlement
The price quote is often a snapshot at a particular moment. However, the settled price reflects the market value at the exact time when we process your buy order after the funds from your bank transfer arrive. If market conditions shift during the waiting period, the final price may vary.

Use one of the instant payment methods
To reduce the possible difference in prices, you can use the ‘instant payment’ options described in the following article: Which payment methods do you currently accept?