What is Quick Exchange?
Quick Exchange is a feature on Liquid that facilitates the simple exchanging of digital assets and fiat currency.
It allows trading for new users without having to navigate more 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 Quick Exchange
Head over to the Quick Exchange portion of Liquid.
- Select the currency you’d like to pay with at the top.
- Select the currency you’d like to receive in 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?
Quick Exchange supports currencies and trading pairs depend on prevailing market conditions. You may refer to the list of available currencies and trading pairs here
You are able to trade any fiat to any crypto, and any crypto to any crypto with Quick Exchange.
You are unable to trade fiat to fiat.
Why use quick exchange over normal exchange?
Quick Exchange is designed for simplicity. It allows users to trade without the complexity of the normal exchange.
Quick Exchange also can facilitate the trading of two assets that are not paired on Liquid. You can trade any crypto with any fiat, or any crypto with any crypto using Quick Exchange.
How long does a Quick Exchange order take to complete?
A Quick Exchange order will be instantly processed by Liquid. Once you have submitted the trade your wallet balances will be updated.
What are the fees for Quick Exchange?
There is no set fee for Quick Exchange. Instead, Quick Exchange 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 Quick Exchange?
At present there are no absolute order limits in either direction. However, there will be 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 Quick Exchange 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 Quick Exchange available on Liquid Pro?
Refer here on how to use Quick Exchange on Liquid Pro
Why is the pair i want to convert is not supported at the moment?
Pairs availability on Quick Exchange depends on prevailing market conditions.
What else should i know about Quick Exchange?
- Japan and Singapore based users are temporarily restricted using Quick Exchange
- max limit of 40K USDe and min of 0.05c (limits fluctuate due to exchange rates)
- you can only convert up to your free balance amount.