How to exchange currencies
Updated over a week ago

The in-wallet Currency Exchange feature allows you to exchange BTC, ETH, USDT, USDC, and COV amongst each other, directly between your PrimeXBT account Wallets.

Currently COV token exchange to BTC, ETH, USDT or USDC for COV directly on your PrimeXBT account is temporary unavailable.

Should the exchange of COV tokens become available again in the future, a separate announcement will be made.

To Exchange currencies, navigate to the Dashboard page in the Main section of your account:

1️⃣ Click the '...' button at the top of the page and select the 'Exchange' option:

2️⃣ Choose exchange parameters:

  • the Currency and Amount that you want to exchange

  • and the Currency to receive (this Amount** field will be calculated automatically)

**The Amount field for the received currency is calculated automatically every 15 seconds, based on the current exchange rate between the selected currencies, and will be valid for up to 5 seconds, as indicated in the exchange rate validity timer.

Exchanged currencies will be automatically deducted/credited to the corresponding Wallets. For example, if exchanging BTC > ETH, the exchanged amount of BTC will be withheld from the account’s BTC wallet, while the received ETH will be credited to the account’s ETH wallet.

Exchange transactions and their corresponding details (such as exchange rate, date of the exchange, etc.) can be found in the Transfers History section of on the accounts 'Reports' page.

Additionally, you can access the Exchange module from the Android or IOS applications from your mobile device:

1️⃣ To proceed with the exchange of your funds, on the 'Home' section of the applications, select the currency you wish to exchange and the currency you wish to receive after the exchange and click the arrow button.

The current available exchange rate will be updated dynamically and indicated by a 'count-down timer' until it expires.

2️⃣ On this page you will be able to view your current Wallet balance for the selected currency and deposit additional funds if necessary by selecting the corresponding 'Deposit' button:

Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue 'Confirm' button to execute the exchange. After the exchange has been processed, the funds will be credited to the corresponding Wallet.

You can also access the Exchange module by navigating to any of your account Wallets from the 'Home' section of the application.

Once the desired Wallet is chosen, click on the blue "Exchange" button to proceed:

Exchange limits

ach exchange pair/direction will be subject to their own maximum daily exchange limits as well as exchange volume per transaction limits, with the current limits being.

For example BTC > ETH and ETH > BTC are separate exchange directions with separate daily/transaction limits.

Minimum exchange amount per transaction depends on the currency and the direction of exchange. Minimal limit is always indicated as a notice in the exchange form.

Below is a table of the current Maximum exchange amount per transaction and Daily exchange limit for each separate pair/direction (reflected in the base currency):

Currently COV token exchange to BTC, ETH, USDT or USDC directly on your PrimeXBT account is temporary unavailable.

Should the exchange of COV tokens become available again in the future, a separate announcement will be made.

FROM Currency

TO Currency

Max/Transaction

Daily Limit

BTC

ETH

2 BTC

10 BTC

BTC

USDT

2 BTC

10 BTC

BTC

USDC

2 BTC

10 BTC

ETH

BTC

25 ETH

125 ETH

ETH

USDT

25 ETH

125 ETH

ETH

USDC

25 ETH

125 ETH

USDT

BTC

30,000 USDT

150,000 USDT

USDT

ETH

30,000 USDT

150,000 USDT

USDT

USDC

30,000 USDT

150,000 USDT

USDC

BTC

30,000 USDC

150,000 USDC

USDC

ETH

30,000 USDC

150,000 USDC

USDC

USDT

30,000 USDC

150,000 USDC

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