OKX's Instant Exchange (Flash Swap) provides users with a quick way to exchange between cryptocurrencies like BTC, ETH, USDT, and OKB. This guide explains the process and key considerations for seamless conversions.
How Instant Exchange Works on OKX
Unlike traditional order-book trading, Instant Exchange uses a counter-quoting model with:
- Zero trading fees
- No slippage risk
- Real-time competitive rates based on market conditions
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Step-by-Step Guide for Web Users
- Navigate to [Trade] > [Instant Exchange]
Select your desired trading pair:
- Crypto-to-crypto (e.g., BTC to ETH)
- Stablecoin conversions (e.g., USDT to USDC)
- Enter the amount to exchange
- Review the quoted rate and confirm the transaction
- Completed transactions automatically transfer to your [Funding Account]
Mobile App Instructions
The process mirrors the web interface:
- Tap [Trade] > [Instant Exchange]
- Follow the same selection and confirmation steps
Key Considerations
- Price differentials: Rates may vary slightly from spot prices due to market volatility
- Minimum received amounts: Transactions cancel if the final amount falls below the quoted minimum
- Account allocations: Assets used from trading accounts automatically transfer to funding accounts post-exchange
- Margin implications: Exercise caution when exchanging assets used as margin collateral
FAQs About OKX Instant Exchange
Q: Which cryptocurrencies support Instant Exchange?
A: Most major tokens are available. Check the assets list for full availability.
Q: How long do exchanges take to complete?
A: Transactions finalize within seconds when market conditions are stable.
Q: Can I cancel a confirmed Instant Exchange?
A: No - transactions execute irreversibly upon confirmation.
Q: Where can I view my exchange history?
A: Navigate to [Order Center] under account management.
Q: Why did my transaction fail?
A: Common causes include insufficient funds or excessive price fluctuations during processing.
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Note: All exchange rates are dynamic based on real-time market conditions.
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