Convert FAQ

Published on Dec 8, 2023Updated on Aug 18, 20243 min read16

1. What is Convert?

Convert simplifies the crypto conversion process by eliminating the need for multiple trades or frequent asset transfers between accounts, providing you with a seamless experience. It also allows you to exchange crypto at a lower threshold than the spot market.

2. What is the difference between convert and spot trading?

Convert uses a quoting model, which differs from the traditional order-matching model used in spot trading, resulting in no transaction fees or slippage. As such, there is a price difference between the quoted price and the spot market price. Convert enables you to complete one-click transactions after confirming a price, without having to know how the spot market works, meaning you'll receive the amount you preview.

3. Which crypto can I convert on OKX TR?

With Convert, you can exchange most of the cryptocurrencies listed on OKX TR into other cryptos or fiat currency. It’s extremely flexible and convenient, allowing you to convert Tether (USDT) to Bitcoin (BTC), Ethereum (ETH), and more, or to exchange any balance for your preferred crypto or fiat currency. To get a real-time exchange rate, simply select your crypto pair from the drop-down menu.

4. What is the minimum and maximum amount I can convert into a single transaction?

The minimum limit is close to 0, allowing you to convert any small balance at a low threshold. The maximum limit depends on the specific crypto. You can input an amount and click Convert for a preview.

5. How do I add crypto or fiat currency?

Convert is connected to your account. If you have a sufficient amount in your account, you can simply select the available crypto to complete the process.

If you have an insufficient amount in your account, you can select the available crypto or fiat currency and select Add more to add a sufficient amount to your account before performing the convert feature.

Select add more to add crypto or fiat currency on OKX TR app

Select Add more to add crypto or fiat currency to your account

6. Where can I view converted crypto?

Converted crypto is automatically deposited into your account.

7. Where can I view my transaction history?

You can view the transaction history by accessing Menu > Transactions and find the convert history.

Select Transactions to view the transaction history

If you would like to view only convert-related transaction history, you can filter it by selecting Type > Convert.

Filter the transaction history to view only Convert-related

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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