BIT Convert: Crypto Currency Convertor

If you’re looking to convert your cryptocurrency to another cryptocurrency – whether it’s Tether to Bitcoin or Ethereum to Bitcoin Cash – BIT Convert lets you do it. At zero charge, you can start converting your cryptocurrencies and you can choose from over 10 different currencies. BIT’s easy-to-use crypto conversion tool makes it effortless to trade and exchange. Transactions are also completed almost instantaneously. To start buying and converting, sign up for an account with BIT now. Explore the safe and endless possibilities with us now.

What is BIT Convert?

BIT Convert is a simple crypto convertor that lets you convert Coin A to Coin B. If you’re new to crypto trading, BIT Convert lets you bypass the tedious, complicated process of spot trading. It’s an easy 4-step process with BIT Convert’s RFQ (request-for-quote) quoting method; instead of having to read confusing candlestick charts and orderbooks to determine what’s the best price to bid, all you have to do is input the cryptocurrency you wish to sell and the one you wish to buy – and you’re almost done with your trade. Trading is free, fast and without slippage. Eliminate difficult, time-consuming trading processes. Buy and sell crypto with ease using BIT Convert now.

How Can I Start Converting Crypto BIT Convert?

Step 1: Select currency – Start by selecting the currency you want to sell and the currency you want to buy.
Step 2: Receive quotes – Enter the amount you want to convert (either the buying or selling amount), and you will be quoted the rate on the spot. A fresh quote will be provided every 5 seconds.
Step 3: Confirm conversion – Place an order by clicking “Buy” within the quote validity period, and you will have placed an order successfully. This will only take a few seconds.
Step 4: Receive a receipt of confirmation – You will receive a confirmation that your transaction has been completed. To view all your completed transactions, check your Trade History or your assets page to review the currencies you are holding at any point in time.

Why Trade with BIT?

BIT is a full-suite cryptocurrency exchange that lets you buy and sell over 50 cryptos. Explore our range of trading products, such as Spot, Futures, Options, NFT and more. With institutional-grade security and liquidity, you can be assured that when you convert or trade crypto, you do so safely.

Enjoy trading options on the go and daily Bitcoin drops. Start by downloading our mobile crypto trading app on the Apple App store or purchase on Google Play. Or contact us to learn more about how you can start your cryptocurrency trading experience now.

Frequently Asked Questions About BIT

1. What is the difference between Convert and spot trading?

Convert adopts a much simpler trading interface that allows users to easily swap cryptocurrencies without understanding technical terms such as candlestick charts and orderbooks. Convert adopts the RFQ (request-for-quote) quoting method, which automatically selects the best price for the user. The price is held for a certain time period. There is no price slippage within this period. For more information on how to use Convert, visit our Help Center .

2. How is a Convert trade settled?

Transactions are settled directly into your unified account. The process is usually completed within a few seconds of your order.

3. Where can I find my trade history?

You can click the "Order History" icon (top-right corner of the trading panel) to expand the trade history, or you can visit "Assets History" to view past Convert transactions.

4. Can I use Convert in a sub-account?

Yes, Convert is accessible to subaccounts.

5. Is there a fee for using BIT Convert?

There are no trading fees to use Convert. The amount of tokens displayed on the trading panel is the amount of assets you will receive or pay after the conversion is completed. Please note that there may be a certain price difference between Convert and BIT spot trading due to different quoting methods.

6. What are the minimum and maximum transaction amounts per trade?

The minimum to maximum amounts per trade are displayed on the trading panel before you enter any values. The amounts vary across pairs and coins.

6. What are the minimum and maximum transaction amounts per trade?

The minimum to maximum amounts per trade are displayed on the trading panel before you enter any values. The amounts vary across pairs and coins.

7. What should I do when prompted "Insufficient Balance"?

Due to the PnL fluctuations to your positions (if any) denominated in the chosen currency, "Available" displayed on the trading panel may not update as frequently as your actual available. If you receive an "insufficient balance" prompt, it is recommended that you reduce the transaction amount or make a deposit.

8. What are the requirements for using Convert?

You need to log in to your account in order to place orders. Currently, the portal only supports unified accounts and is not accessible to classical accounts. Please complete KYC Lv.2 verification before you can use Convert or other BIT trading functions.