Updated on 16 September 2021
What is Liquid Swap?
Liquid Swap is a feature on Liquid that facilitates the simple exchanging of digital assets and fiat currency. Trade without having to navigate complex trading dashboards.
You can select the currency you’d like to buy and the currency you’d like to pay with. Enter the amount and complete the transaction.
How to use Liquid Swap feature.
Head over to the Buy and Swap feature:
Select the 'Swap' tab
Select the currency you’d like to pay with at the top.
Select the currency you’d like to receive at the bottom.
Enter the amount.
You can use either the top or the bottom field. Entering a value into either field will auto update the opposite field with the respective amount.
Once all the details are filled out, click Quick Exchange!
What currencies and trading pairs are available?
The available currencies and trading pairs via Liquid's Swap feature depends on prevailing market conditions.
You are able to trade any supported fiat to any crypto, and any crypto to any crypto with Liquid Swap.
You are unable to trade fiat to fiat.
Why use Liquid Swap over the regular trading feature?
Liquid Swap is designed for simplicity. It allows users to trade without the complexity of the normal exchange dashboard.
Liquid Swap also can facilitate the trading of two assets that are not paired on Liquid. You can trade any supported crypto with any fiat, or any crypto with any crypto using Liquid Swap .
How long does a Liquid Swap order take to complete?
A Liquid Swap order will be instantly processed by Liquid. Once you have submitted the trade your wallet balances will be updated.
What are the fees for Liquid Swap?
There is no set fee for Liquid Swap . Instead, Liquid Swap users will pay a premium on the spread between the two currencies to account for price movement and volatility.
What is the smallest and largest order size for Liquid Swap?
Max limit of 40,000 USDe and min of 0.05 USDe (limits fluctuate due to exchange rates). There are also limits based on the trading pairs you select, based on liquidity. If your desired trade exceeds a limit the system will notify you and prevent execution.
How will Liquid Swap interact with order books and charts on Liquid?
QEX doesn’t trade directly on our spot market. However, QEX will automatically trade into Liquid Spot Book as needed to hedge exposure. Hedge trades are not made on a 1-to-1 or back-to-back client deal basis, so QEX trades cannot be directly reconciled with Liquid Spot Book trades.
Is Liquid Swap available on Liquid Pro?
Yes. Please refer here on how to use Liquid Swap on Liquid Pro
Why is the pair I want to convert is not supported at the moment?
Pairs availability on Liquid Swap depends on prevailing market conditions.
What else should I know about Liquid Swap ?
Japan based users are temporarily restricted using Quick Exchange.
You can only convert up to your free balance amount.