What Is Phemex Convert?
How Do I Convert Crypto?
Step 1: Open the Convert page
Log in to your Phemex account. On the top navigation bar, hover over Spot and click Convert to enter the converter.
Step 2: Select the "From" and "To" tokens
In the From field, choose the crypto you want to convert out of. Your available spot balance is shown above the input. In the To field, choose the crypto you want to receive.
Step 3: Enter the amount
Type the amount in the From field, or click All to use your full available balance. The estimated To amount updates in real time. Each pair has a minimum and maximum size — these display as a range inside the input (e.g., 10 ~ 710000).
Step 4: Confirm the conversion
Click the 0 Fee Convert button. A preview pops up with the locked-in rate and a short countdown timer. Review the details and confirm before the timer expires — if it does, a new quote is fetched automatically.
Step 5: Check your converted balance
Once confirmed, the converted crypto is credited to your spot account instantly. View your balance under Assets → Spot.
How Do I View My Conversion History?
Click Conversion History at the top right of the Convert page to open the full record of past conversions, including rate, amount, and timestamp for each trade.
What's the Difference Between Convert and Spot Trading?
| Feature | Convert | Spot Trading |
| Pricing model | Quote-based (real-time) | Order book matching |
| Fees | None | Maker / taker fees apply |
| Speed | Instant after confirmation | Depends on order match |
| Pair coverage | Wide — includes pairs not in spot | Standard spot listings |
| Best for | Quick swaps, any size within the range | Active trading, large orders, precise pricing |
FAQ
Q: Does Phemex charge fees for using Convert?
A: No. Phemex Convert has zero transaction fees. The cost is built into the quoted rate, which may differ slightly from the live spot price.
Q: Which cryptocurrencies can I convert?
A: Most cryptocurrencies listed on Phemex are supported, including BTC, USDT, ETH, SOL, XRP, DOGE, and many others. Browse the Markets panel on the Convert page or use the From / To dropdowns to see all available options.
Q: Is the converted crypto available immediately?
A: Yes. Once you confirm the conversion, the converted crypto is credited to your spot account instantly and is available for trading, withdrawal, or transfer right away.
Q: Why is there a minimum and maximum amount for each conversion?
A: Each pair has a size range to ensure quote stability and prevent extreme slippage in the underlying liquidity sources. The allowed range displays inside the From field for the pair you've selected.
Q: Can I cancel a conversion after confirming?
A: No. Conversions execute immediately at the locked-in quote and cannot be reversed. Always review the rate and amount on the preview before confirming.
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