Introduction to Instant Exchange
OKX's Instant Token Exchange feature offers users a fast and efficient way to swap between cryptocurrencies like BTC, ETH, USDT, and OKB. Most tokens listed on the OKX platform support this function—check the Digital Assets List for full details.
Unlike traditional order-book trading, Instant Exchange uses a counter-quote model with zero fees or slippage. However, the exchange rate may slightly differ from the spot market price due to market dynamics. Here’s how it works:
- The user requests a quote.
- The system provides a competitive rate based on real-time market conditions.
- If accepted, the swap executes instantly.
Step-by-Step Guide
Web Platform
- Navigate: Go to the "Trade" tab and select Instant Exchange.
- Select Tokens: Choose the token to spend and the token to receive. OKX displays the optimal rate.
- Confirm: Enter the amount, review the details, and complete the swap after a secondary confirmation.
👉 Start trading instantly with OKX's seamless interface.
Mobile App
The process mirrors the web version:
- Access "Instant Exchange" under the "Trade" section.
- Follow the same token selection and confirmation steps.
Key Notes
- Swapped tokens are deposited directly into your Funding Account.
- Market volatility may cause price discrepancies between Instant Exchange and spot rates.
- If trading account assets are used, they’ll auto-transfer to the Funding Account post-swap.
- Contact customer support for any issues.
FAQ Section
1. What tokens can I swap via Instant Exchange?
Most OKX-listed tokens are supported, including BTC, ETH, and stablecoins. Refer to the Digital Assets List for exceptions.
2. Are there fees for Instant Exchange?
No. The service is fee-free, though exchange rates may vary slightly from spot prices.
3. How long does an Instant Exchange take?
Transactions complete within seconds after confirmation.
4. Can I cancel an Instant Exchange order?
No—swaps are irreversible once confirmed.
5. Why did my swap fail?
This typically occurs if the received amount falls below the minimum threshold due to sudden market shifts.
Advanced Tips
- Use limit orders for large swaps to avoid rate fluctuations.
- Monitor the "Minimum Received" value to ensure transaction success.
👉 Explore OKX’s full features for a tailored trading experience.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves risks; ensure you understand these before participating.