Rates and Fees

Before initializing a fiat onramp payment, you might want to know what rate your USDT would be settled at. Make a GET request to the following endpoint.

https://api.localramp.co/v1/transaction/pay/rate?currency=NGN&country_code=NG

The request takes currency and country_code as a query param.

With the following header

x-auth-token: <SECRET_KEY>

If the API call is successful, LocalRamp returns the following response:

{
    "status": "success",
    "data": {
        "rate": {
            "sender_currency": "NGN",
            "receiver_currency": "USDT",
            "processor_fee": {
                "type": "FLAT",
                "fee": "100.00"
            },
            "exchange_rate": "743.22",
            "market": "BUY"
        },
        "info": {
            "processor_fee": "Fee LocalRamp Charges (NGN)",
            "exchange_rate": "Price LocalRamp will buy your crypto at"
        }
    }
}

processor_fee is what LocalRamp charges in local currency fiat i.e NGN, GHS. It will be deducted from whatever the user sends.

exchange_rate is the purchase price of the USDT.

Rate Calculation

To calculate how much you would eventually receive in your USDT wallet for any sender amount

receiver_amount = (sender_amount - processor_fee) / exchange_rate