Introduction

This article explains how the Convert feature differs from traditional Spot Trading and when you might prefer one over the other.

Convert vs. Spot Trading

Convert

• Uses a quoting model.
• No trading fees.
• You receive a fixed quote before confirming.
• Execution is instant once you accept the quote.
• Ideal for quick, simple asset swaps.

Spot Trading

• Uses an order‑matching model (order book).
• Trading fees apply.
• Price depends on market depth and liquidity.
• Allows limit, market, and advanced order types.

Additional notes

• Convert prices may differ slightly from spot market prices due to the quoting mechanism.
• Ensure you have enough balance before using Convert.

Common issues

• Users expect Convert prices to match Spot prices exactly.
• Insufficient balance prevents conversion.
• Quote expires if not confirmed quickly.

Feeling lost?

If you're unsure whether to use Convert or Spot Trading, our support team can help you choose the best option for your needs.

Updated on: 01/18/2026