All Collections
New Features
How do swaps work?
How do swaps work?
Alex avatar
Written by Alex
Updated over a week ago

You can now easily swap your tokens directly in the xPortal App, without the need of connecting to xExchange. Press Swap on the Home screen and select the coins you want to exchange.

What fees occur during an exchange?

The process of exchanging crypto has different steps, and while processing those steps, various fees are charged. Here are some possible fees:

  • network fee for the deposit transaction from a customer's wallet;

  • network fee for transferring coins to our liquidity provider;

  • trading fees that liquidity providers charge;

  • network fee for sending the exchanged funds to the customer.

The fees vary depending on the currency and the exchange amount. For every swap, we're trying to find the fastest and most user-profitable way to execute an exchange. It is crucial to us that the final amount you receive is as close to the estimate as possible. That's why all the possible fees are calculated for every transaction very thoroughly and we include them in the estimate.

Why is the final amount of funds different from the initial amount?

Due to the high volatility of cryptocurrency, speed is crucial, however, the final exchange rate can differ both in the positive or negative direction. It takes some time to process transactions. What we guarantee is the best rate at the very moment of an exchange operation.

Did this answer your question?