Coin-to-Coin Flash Exchange is a feature provided by cryptocurrency exchanges that enables instant token swaps. This guide will explain how OKX's Flash Swap works, its benefits, and step-by-step instructions for both web and mobile users.
Understanding Coin-to-Coin Flash Exchange
Flash Swap allows users to quickly exchange one cryptocurrency for another (e.g., BTC to ETH, USDT to OKB) without traditional order matching. Key features include:
- Instant Execution: Uses a counter-quoting model instead of order books.
- Zero Fees: No transaction charges or slippage.
- Competitive Rates: The platform provides real-time market-based exchange rates.
How Flash Swap Differs from Spot Trading
| Feature | Flash Swap | Spot Trading |
|---|---|---|
| Execution Speed | Instant | Order-book dependent |
| Fees | None | Trading fees apply |
| Price Mechanism | Counter quotes | Market-driven |
Step-by-Step Guide to Flash Swap on OKX
Web Platform Instructions
- Navigate to Flash Swap:
Go to "Trade" > "Flash Swap" and click "Exchange Now." Select Currency Pair:
Choose between:- Digital Assets: Swap between cryptocurrencies (e.g., BTC/ETH).
- Stablecoins: Convert to/from stablecoins like USDT.
- Confirm Transaction:
Enter the amount, review the rate, and confirm. Assets will auto-transfer to your funding account.
Mobile App Instructions
- Access Flash Swap:
Find the feature under "More" on the homepage. - Follow the same steps as the web version.
👉 Start Flash Swapping on OKX Today
Important Notes
- Price Variability: Rates may differ slightly from spot prices due to market fluctuations.
- Account Selection: Ensure you select the correct funding/trading account before swapping.
- Support: Contact OKX客服 for assistance.
FAQ
Q: Is Flash Swap available for all cryptocurrencies?
A: Most major tokens on OKX support Flash Swap. Check the asset list for availability.
Q: Why didn’t my swap execute?
A: If the price gap exceeds the minimum guaranteed amount, the transaction cancels automatically.
Q: Where can I view completed swaps?
A: Go to "Order Center" under "Assets" to track transactions.
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