We are delighted to announce that the FMFW.io Converter is live!
The main purpose of the new feature to make your experience on the exchange more seamless than ever. Using Converter you can swap crypto instantly and effortlessly, without bothering about orderbooks or liquidity ever again.
Before you start, there are a few things you might want to know. If you are curious about how FMFW.io Converter functions, keep reading.
When developing Converter, our goal was to make it as simple of a tool as it possibly can be. For this reason, any fees that may be applied to the operation are automatically included into the end amount.
It's important to note that FMFW.io Converter uses the exchange's liquidity. To swap the two desired coins, the Converter engine will use the spot trading pairs available on the exchange. For this reason, the process will be different based on whether your desired pair matches an existing spot trading pair on the FMFW.io exchange or if it doesn't.
If the pair that you have selected matches an existing pair, it can be considered a Direct pair. Example: BTC/USDT.
If there is no matching pair though, the Converter engine will first convert your initial asset into a transitional currency, and then convert the transitional currency into your desired coin. In this case, the pair that you selected in the Converter menu is considered a Cross pair. Example: XLM/BNB
Fees will be calculated depending on the type of the pair you've selected. For the most recent information, please visit the Fees and Limits page.
If you have more questions about new features on FMFW.io or need any other kind of help, do not hesitate to reach out to us by clicking the Live Chat button at the bottom-right corner of your screen.