The Crypto Converter is a tool designed for quick and easy swaps between different cryptocurrencies in your spot wallet.
1. How to Use Phemex Convert?
You can easily convert cryptocurrencies at any time using Phemex Convert, which offers a fast, hassle-free experience with zero fees. Simply select the currency pair you wish to convert and enter the amount. Phemex will provide you with the best available exchange rate. If you’re satisfied with the quoted rate, click Confirm, and the converted cryptocurrency will be credited directly to your Spot account.
Before converting, please ensure your account balance is sufficient. If you have any questions regarding Phemex Convert, feel free to contact our customer support team.
2. What Is the Difference Between Convert and Spot Trading?
Phemex Convert operates on a quote-based model, which is different from the traditional order-matching model used in Spot trading. This allows for conversions with no transaction fees and no slippage. However, the quoted price may differ slightly from the current Spot market price.
When you use Convert, the system first provides you with a quote based on real-time market conditions. If you accept the quote, the conversion is executed immediately. Please make sure you have a sufficient balance before using this feature.
3. What Coins Are Available for Conversion on Phemex?
You can convert most cryptocurrencies listed on Phemex, including BTC, USDT, ETH, and many others. Phemex Convert is highly flexible and convenient, whether you’re converting BTC to USDT, ETH, or any other supported cryptocurrency, or swapping between various crypto pairs. Simply select your desired pair to receive a competitive quote.
For a complete step-by-step walkthrough on using the new Crypto Converter feature, please refer to the WEB guide as well as the APP guide.
