Learn when to use the Convert feature vs Spot trading, understand the hidden costs, and discover how to get the best rates on major exchanges.
The Convert feature (also called Swap or Quick Convert) is a simplified trading interface offered by major cryptocurrency exchanges. It allows you to instantly swap one cryptocurrency for another without using the traditional order book.
Think of it as a currency exchange counter at an airport - you get a fixed rate, the transaction is instant, but the rate includes a small markup (spread) that represents the exchange's profit.
Go to Trade > Convert
Choose source token
Choose target token
Type conversion amount
Review and convert
Compare the two trading methods and understand when to use each
Instant & Simple
Best for:
Beginners, quick swaps, small trades, dust conversion
Professional & Precise
Best for:
Active traders, large orders, specific price targets
| Feature | Convert | Spot Trading |
|---|---|---|
| Fees | Zero explicit fees (spread included) | 0.1% maker/taker (before discounts) |
| Price Control | Fixed quote for 5-10 seconds | Set exact price with limit orders |
| Speed | Instant execution | Depends on order type and liquidity |
| Complexity | Beginner-friendly | Requires order book knowledge |
| Slippage | None (locked price) | Possible on market orders |
| Available Pairs | Limited pairs | All trading pairs |
| Order Types | Market only | Market, Limit, Stop-Loss, OCO |
| Best For | Quick swaps, beginners | Active traders, large orders |
See which method costs less for your trade size
Recommendation
For trades under $1,000, Convert is convenient and cost difference is minimal. Use it for quick swaps!
The Convert feature shines in these specific scenarios
Instantly swap between assets without navigating complex order books.
Ideal for amounts under $1,000 where spread impact is minimal.
Convert leftover small balances into a single token like BNB.
When you need guaranteed execution at a known price immediately.
Simple interface without order book complexity.
Quick exit or entry without setting up orders.
Step-by-step guides for Binance, OKX, and Bybit
400+ trading pairs
Maximize your conversion value with these pro tips
Check the spot market rate first, then compare with Convert quote to see the actual spread.
Spreads tend to widen during high volatility. Convert during stable market conditions.
Major pairs like BTC/USDT have tighter spreads than exotic pairs.
Different exchanges offer different spreads. Compare before large conversions.
For orders over $5,000, spot trading with limit orders usually offers better rates.
Asian and European market hours often have better liquidity and spreads.
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Disclaimer: This article contains referral links. Trading cryptocurrency involves risk. Fee and spread information may change. Always verify current rates on the exchange before trading.