Crypto trading doesn’t have to be complicated. Whether you're new to digital assets or an experienced trader, a simple, intuitive tool can make all the difference. Enter the "Convert" function — a streamlined way to swap between fiat and cryptocurrencies or exchange one crypto for another instantly, without needing in-depth market knowledge.
In this guide, we’ll explore how the Convert feature works on XREX, its advantages over traditional spot trading, and how both beginners and advanced users can benefit from its speed, transparency, and efficiency. Plus, we’ll dive into real-world use cases that go beyond basic transactions.
What Is "Convert" in a Crypto Exchange?
The Convert function allows users to instantly exchange one currency for another — whether it's turning fiat money like USD or TWD into Bitcoin (BTC), or swapping Ethereum (ETH) for Solana (SOL). Unlike traditional trading methods that require order books and price analysis, Convert uses real-time market pricing to deliver instant quotes with just one click.
Think of it like a currency converter app when traveling abroad: you enter the amount, see the rate, and complete the exchange — all within seconds.
👉 Discover how fast and simple crypto conversion can be with a seamless trading experience.
Convert vs. Spot Trading: Key Differences
While both tools allow you to buy and sell digital assets, Convert and spot trading serve different needs and user types.
Spot Trading: For Active Market Participants
Spot trading involves buying or selling crypto at current market prices using an order book. On XREX, users have access to over 120 spot trading pairs, along with three main order types:
- Market Order: Buy or sell immediately at the best available price.
- Limit Order: Set a specific price; the trade executes only when the market reaches it.
- Conditional Limit Order: A limit order that activates once a predefined trigger price is met.
Each trade incurs a fee between 0.05% and 0.2%, depending on volume and user tier.
This method is ideal for traders who monitor price movements, analyze charts (like K-lines), and want full control over execution timing.
Convert: Instant, No-Learning-Curve Swaps
In contrast, Convert removes complexity entirely. It uses market-based pricing (similar to a market order) but presents a clean interface where users simply select two currencies, input an amount, and receive an instant quote.
There’s no need to understand bid/ask spreads or order types — if the rate looks good, click “Convert” and the transaction completes immediately.
Andrea Chang, Product Manager at XREX, emphasizes that Convert is designed for speed, clarity, and accessibility, making it perfect for both newcomers and pros looking for efficiency.
Why Use XREX’s Convert Feature? 2 Major Advantages
1. Simple & Intuitive Interface
From selecting your desired currency pair (e.g., TWD → BTC or ETH → SOL) to confirming the trade, the entire process takes just a few taps. No prior knowledge of trading mechanics is required.
Even users unfamiliar with blockchain technology can confidently make their first crypto transaction — whether depositing funds or diversifying holdings.
2. Competitive Exchange Rates & Transparent Pricing
XREX pulls live pricing directly from the market with strong liquidity sources, ensuring highly competitive rates. This transparency often results in better value compared to exchanges relying on OTC (over-the-counter) desks or internal pricing models.
Additionally, Convert charges a flat 0.1% fee, lower than the maximum spot trading fee, further improving cost-efficiency.
3 Smart Ways to Use the Convert Function
Beyond basic swaps, Andrea shares three practical applications that highlight Convert’s versatility.
Use Case 1: Quick Onboarding & Trading
New users can convert fiat to crypto in seconds — ideal for those eager to start investing without navigating complex interfaces. Similarly, experienced traders can rebalance portfolios instantly during volatile markets.
Use Case 2: Real-Time Portfolio Valuation
Even seasoned traders use Convert as a dynamic calculator. By entering a wallet balance (e.g., 2 ETH), they can preview its value in USD, BTC, or any other supported asset — just like checking foreign exchange rates before a trip.
This helps assess portfolio performance or plan future trades without executing them.
👉 See how real-time crypto valuation tools empower smarter investment decisions today.
Use Case 3: Arbitrage Opportunities ("Brick Moving")
"Brick moving" — also known as arbitrage — involves buying low on one platform and selling high on another. Success depends on speed and low fees.
With XREX’s transparent pricing, one-click execution, and low 0.1% fee, users can capitalize on short-lived price differences across exchanges efficiently. The reduced slippage risk ensures trades execute close to expected values — crucial for profitable arbitrage.
How to Use XREX Convert: A 4-Step Guide
- Open the App: Launch XREX and tap “Trade” in the bottom-left corner, then select “Convert” in the top-right.
- Choose Currencies: Select your source and target currencies (e.g., USD → BTC). Minimum conversion: $10 equivalent.
- Review Quote: Enter the amount. The system displays the real-time rate instantly. Note: rates may fluctuate slightly before confirmation.
- Confirm Trade: Tap “Convert” to lock in the displayed rate. XREX guarantees execution at that price — no partial slippage.
Keep in mind: due to decimal rounding during conversion, final amounts may vary slightly from estimates.
Frequently Asked Questions (FAQ)
Q: Is there a minimum amount for conversion?
A: Yes, the minimum is equivalent to $10 USD per transaction.
Q: Are the displayed rates guaranteed?
A: Absolutely. Once you confirm, XREX locks in the quoted price — no unexpected slippage occurs.
Q: Can I convert between any two cryptocurrencies?
A: Yes, as long as both are supported on XREX and part of the same trading pair group.
Q: How does Convert differ from a market order?
A: While both use real-time pricing, Convert simplifies everything into a single flow with fewer steps and a fixed fee of 0.1%.
Q: Is Convert safe for large transactions?
A: Yes, backed by XREX’s secure infrastructure and regulatory compliance, including its MPI license from Singapore’s MAS.
👉 Learn how secure, regulated platforms help protect your digital assets long-term.
Final Thoughts: Simplicity Meets Smart Trading
Buying crypto should be easy — especially for beginners. But even experts value speed and precision. The Convert function bridges both worlds: it’s beginner-friendly yet powerful enough for advanced strategies like arbitrage and portfolio management.
Whether you're converting your first dollar into Bitcoin or optimizing cross-market trades, XREX delivers fast execution, transparent pricing, and low fees — all wrapped in a clean, intuitive experience.
Remember: while tools make trading easier, understanding your assets remains essential. Always research before investing, stay informed about market trends, and choose platforms that prioritize security and transparency.
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