# Set Up Reward Exchange Options
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**Limited**: Reward exchange options are only available to certain program editions. [Contact support](https://app.impact.com/support/portal.ihtml?createTicket=true&) to upgrade your advocate program.
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Reward Exchange is a feature that empowers your participants to exchange reward units they’ve earned for different rewards or other reward units, such as exchanging Points for a gift card. To use Reward Exchange for your program, you can set up one or several reward exchange options and choose the rules around:
* What reward units your participants can exchange.
* What they can get in return.
* Who can see and use the exchange option.
Full Access and Program Manager team members can create a reward exchange option and set its rules.
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**Step 1: Create the reward exchange option**
1. From the left navigation menu, select  **\[Engage] → Rewards → Exchange**.
2. Select **Create exchange option**.
3. Enter a name for the reward exchange option.
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**Step 2: Set the exchange rules**
For more information about the types of fixed and variable exchanges you can set up, see our doc on [Reward Exchange](https://help.impact.com/brand/what-would-you-like-to-learn-about/advocate-program/advocate-rewards/reward-exchange-explained).
1. Use the **From** dropdown list to choose the reward unit that participants can exchange.
2. Use the **To** dropdown list to choose the reward or reward unit that participants will receive.
* You can create new reward units or rewards within the dropdown list.
3. Set either the **Cost** or the **Exchange Rate** and **Increments** in the lowest denomination of the reward unit, e.g., cents if your reward unit is dollars.
| If exchanging one reward unit for... | Then |
| ----------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| • A fixed-value reward from the catalog
• A set of rewards
| Set the Cost.
If you chose A set of rewards, then you'll need to assign a cost for each reward. Select Add fixed reward option to give your participants more choices.
|
| • Another reward unit
• A variable-value reward from the catalog
| 1. Set the Exchange Rate. This is how many of the original reward unit must be available to get one of the chosen reward or reward unit.
2. Enter the Increments. This defines how much the cost of the next available item increases by, and is used with the exchange rate to calculate the reward values a participant can choose from.
3. Set the Minimum exchange and Maximum exchange values that the participant can exchange.
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Next, set some availability criteria to determine who can see and use this reward exchange option.
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**Step 3: Set availability rules**
The *Availability* section allows you to set optional rules around who can see this reward exchange option and when they can use it.
**Show or hide the exchange option**
By default, this exchange option is shown to all participants. In some situations, you may want to hide a particular exchange option—for example, if you only want to show US participants an exchange that lets them turn in their Points for US Dollars. The steps below are optional.
1. Using the **Country** dropdown list, select the countries you want the exchange option to be available in.
Note: This checks if participants have a countryCode field on their profile that matches with the countries you selected. If you would rather exclude countries, then you'll need to set additional filters with a JSONata expression.
