Wehave previously talked about crypto or, in simpler terms, being “bankless” or becoming your “own bank”. Crypto, in other words, provides you with an amazing experience where you gain absolute control over your finances. Crypto comes in as an alternative to the traditional banking system by offering faster and more convenient ways of closing financial deals.
IXFI is a rising crypto trading platform and an all-in-one alternative to the traditional banking system. Could you recall the last time you wished to secure a transaction? The hustle? The tedious and seemingly unending process? IXFI has your back with its speed, flexibility and security. It is not only fast but also provides a range of services such as the ones presented here, with more on the way, like crypto card solutions and crypto loans. Most importantly, with IXFI you can swap, convert, trade crypto, or familiarize yourself with the current market in the milieu of crypto.
However, to better make use of the platform, we need to understand two similar yet distinct services: IXFI Swap versus IXFI Convert.
IXFI Swap and How It Functions
In Swap, users have the advantage of exchanging crypto without necessarily shifting from the exchange wallet. In other words, all operations can be completed within the trading account.
How to operate Swap:
- Login to your IXFI landing page
- In the header, click “Swap” item
- In the “You Sell” field, select the crypto token you want to swap and quote the amount you want to swap.
- In the “You Get” field, select the crypto you want to swap
- Proceed to click on the Swap button
- When the Swap is successful, you can view the status of crypto you have just swapped in the “Recent Swap” table. The status of the successful Swap is usually marked as “completed”.
Let’s see what the actions mentioned above are all about:
You Sell: Here, you can quote an asset in the wallet. Remember, in Swap; you need not exit the page because all your transactions can be done right there.
You Get: You are at liberty to select the asset that matches the pair you need.
Slippage: refers to the difference between the expected price of the trade and the actual price used during the transaction. While slippage can occur at any time, it is nonetheless very common during high volatility and low market liquidity.
Fee: Indicates the fee for swap transactions.
Also, as you settle down to conduct a swap transaction, remember to take note of the percentage of the selected asset allocation for Swap, available balance in the selected coin quote, minimum and maximum limit of the selected coin, and the current conversion rate.
IXFI Convert and How It Functions
Unlike Swap, Convert is multifaceted in terms of the various assets it allows you to change. Also, note that Convert does not entail any fee or slippage.
The following are easy and direct steps to guide you if you want to Convert.
- First, you need to be logged on to the IXFI landing page
- On the header, there are various services listed. Click on “Convert”.
- Next, you need to select a coin in the field named “You Sell”. This is the stage where you enter the amount you want to convert.
- Again, go ahead, and select a coin in the field named “You Receive.”
- Finally, you need to click on the “Convert” button, and boom! There you go.
Kindly note that when your conversion is successful, you may check the status of crypto the “Recent Convert” table.
Just a few tips for insight
In “You Sell” you are allowed to quote an asset that’s already in your wallet.
In “You Receive” you are free to select any asset that matches the amount you are converting.
During the conversion process, remember to check the percentage allocated to the selected asset for Convert, the available balance in the selected coin quote, the minimum and maximum limit of the selected coin, as well as the conversion rate.
Winding-up
As demonstrated above, IXFI provides traders with much-needed and easy-to-use features. With so much freedom and guaranteed security of your trading and transactions, you can enjoy IXFI to the fullest. Whether you want to swap or convert your cryptocurrency or asset, you are good to go, especially now that you better understand the slight difference between Swap and Convert.
You can bet that both services, Swap or Convert, are as easy as “one, two, three”. You are sorted, so begin your journey with Your Friendly Crypto Exchange at your side.
Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.
Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
