What is OKX convert?

Published on Sep 27, 2023Updated on Apr 4, 20242 min read470

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?

With Convert, you can exchange most of the cryptos listed on OKX. It's extremely flexible and convenient to use, allowing you to convert Tether (USDT) to Bitcoin (BTC), Ethereum (ETH), and more, or to convert any balance into your preferred crypto. To get a real-time exchange rate, you only need to select your crypto pair on 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.