The Get Quote is a public API call that allows you to fetch a temporary price quote for a cryptocurrency transaction based on the selected fiat currency, cryptocurrency, payment method, and transaction amount. Since cryptocurrency prices are volatile, the returned quote is refreshed every minute to reflect the latest market price.
After fetching the supported cryptocurrencies and fiat currencies, you must call getQuote to get the latest exchange rate. This quote is critical for KYC verification and order placement:
KYC Process:
-
The quote ID must be passed when calling
Get KYC Requirement. -
Based on the order amount, the user may be required to complete different KYC tiers (Simple KYC, Standard KYC).
Order Placement:
-
The quote ID is also required when calling
createOrder() -
At the time of payment settlement, Transak sends the exact amount of cryptocurrency based on the latest exchange rate at that moment.
Thus, getQuote plays a vital role in the entire order flow, from KYC verification to order execution.
Additional Postman request: Get KYC Reliance Quote