How does convert work?

Convert

The Exchange (Convert) function allows you to swiftly and effortlessly exchange one currency for another!

In order to make an exchange, you need to register on the exchange, log in to your account and pass identity verification (KYC). 

 

Please note: to use the Exchange functionality, your funds can be on both the Trade and Main balances. During the process, the total value from both balances will be displayed and as a result of the exchange, the funds will be credited to the Main Balance.

 

At the moment there are two ways to go to the Convert: 

  1. This section is available on the main page of the exchange https://whitebit.ge/
  2. Or go to the "Convert" page in the "Trading" section in the upper left corner of the screen.

 

You will see two fields: "Give" (the amount and currency you wish to exchange) and "Receive" (the amount and currency you want to receive).

As soon as you click on the field "Give" - you can choose the currency for payment. If you need to replenish the balance of this currency, you can do it just by clicking the "Deposit" button in this window. 

 

It is important to note that there is a limit for one-time exchange - up to 50 000 USDT. There are no restrictions on the number of attempts.

 

Please note: the currencies you have on your balance are displayed first in the list. You can also see the most popular currencies under the ticker or currency name field. Going to the "Recently" tab in the same window, you can immediately select the pair in which you have recently made an exchange.

 

Similarly, next you need to select the currency in the "Receive" field. After that, you will have the opportunity to enter the amount you want to give. The amount in the "Receive" field is calculated automatically and may change, depending on the exchange rate, so be careful.

Please note: by clicking on the arrow icon under the amount in the "Give" field you will be able to see the desired amount in USDT equivalent.

Consider the exchange can be less in the amount of funds, but not more. There is also an opportunity not to enter the value manually, but to press "Use max." and the window will immediately display the amount of the selected currency, which you have on your balance (main and trade).

Under the "Receive" window you can see the current rate of the selected pair, which is updated every 10 seconds. After clicking on the "Buy" button, you will see a confirmation window with the forward and reverse exchange rate. You will have 10 seconds to click the "Accept" button, after which it changes to the Refresh quote (according to the exchange rate) option.

After clicking Accept, the exchange is successfully completed! You can check the transaction in History - Trade Balance - Convert or at the link: https://whitebit.ge/en/history/trade/convert

 

Please note: you have an opportunity to make an exchange even if there is no direct trading pair! 

 

If you can't find a direct pair, a cross-conversion in other pairs will be processed. Please note that in this case a standard commission (0.1%) will be charged for each exchange in a pair.

Convert to WBT

On the Trade Balance page you can find the function to exchange any assets under 5 USDT into WBT.

 

This button is available on the top panel near the ticker or name search field. After clicking, you will see a confirmation window. After clicking the "Confirm" button, an automatic asset exchange will take place and the received WBTs will be displayed on your Trade Balance.

You can check the transaction in History - Trade Balance - Convert or following the link: https://whitebit.ge/en/history/trade/convert

Support

In case of any questions related to the functionality of our exchange, you can:

  • Leave a request on our website;
  • Write to the support e-mail: support@whitebit.ge;
  • Write to the chat using the button in the lower right corner of the screen.

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