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Announcements Guide to Flash Swap (on web)
Guide to Flash Swap (on web)
2021-09-07 03:25:03 UTC 174516 Read
lv

1.What is Flash Swap?

Flash Swap helps users swap one currency for another in one click. The quotation is generated by the trading . After the user confirms the swap, the settlement will be completed automatically in the user’s spot account. No fees will be charged in the process.

2. How do I use Flash Swap?

Make a request for Flash Swap on the website or app ➪ review the swap result ➪ swap settles in spot account

3. What are the minimum and maximum amounts of monetary value for each swap?

The minimum is 1 USD. The maximum varies from currency to currency, but the exact maximum value will be displayed on the screen when you make the swap.

4. How do I calculate the price?

There is a certain difference between the flash swap price and the spot price. If you are buying a currency, the price will be slightly higher than the spot price; if you are selling a currency, the price will be slightly lower than the spot price.

5. How do I view my Flash Swap history?

Log in to your Gate.io account and click on this link. Or the route: Order - Classic account - Convert

6. How do I deposit and withdraw in Flash Swap?

Flash swap transactions are settled directly in your spot account. You only need to deposit or withdraw funds in your spot account.

7.Why do I see "Inadequate balance"?

When making a certain transaction using Flash Swap, your spot account must have sufficient corresponding assets. For example, if you want to exchange GT for 1 BTC, and the BTC flash swap price is 10,000GT, your spot wallet needs to hold at least 10,000GT available balance to successfully confirm the flash transaction.


Step-by-step tutorial on Flash Swap

Step 1: Log in to your account. Go to "Trade" - "Convert".

Step 2: If you plan to buy/sell a currency, choose the currency and enter the amount you want to buy/sell. The swap result will be calculated and displayed on the page immediately after you entered the amount in the "From"/"To" box. Click on "Confirm" if you are happy with the swap result.

Step 3: After the swap is done, go to "Order" - “Classic Account”- "Flash Swap" to access trade history.

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