Currency Exchange

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

How to exchange currencies

To Exchange currencies, navigate to the Dashboard page in the Main section of your account: 1. Click the ‘Exchange’ button at the top of the page:

2. 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 15 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.

Exchange limits

Each 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. Below is a table of the current minimum and maximum exchange amount per transaction, as well as the daily exchange limit for each separate pair/direction (reflected in the base currency)

FROM Currency

TO currency

Min/Transaction

Max/Transaction

Daily Limit

BTC

ETH

0.0005 BTC

0.25 BTC

1.25 BTC

BTC

USDT

0.0005 BTC

0.25 BTC

1.25 BTC

BTC

USDC

0.0005 BTC

0.25 BTC

1.25 BTC

BTC

COV

0.0005 BTC

0.075 BTC

0.375 BTC

ETH

BTC

0.008 ETH

4 ETH

20 ETH

ETH

USDT

0.008 ETH

4 ETH

20 ETH

ETH

USDC

0.008 ETH

4 ETH

20 ETH

ETH

COV

0.008 ETH

0.4 ETH

6 ETH

USDT

BTC

20 USDT

5,000 USDT

50,000 USDT

USDT

ETH

20 USDT

5,000 USDT

50,000 USDT

USDT

USDC

20 USDT

5,000 USDT

50,000 USDT

USDC

BTC

20 USDC

5,000 USDC

50,000 USDC

USDC

ETH

20 USDC

5,000 USDC

50,000 USDC

USDC

USDT

20 USDC

5,000 USDC

50,000 USDC

COV

BTC

50 COV

7,500 COV

37,500 COV

COV

ETH

50 COV

7,500 COV

37,500 COV

Currently, COV can be exchanged only for BTC or ETH. If transferring funds to your PrimeXBT account to exchange them for COV, make sure that you are transferring BTC or ETH. Conversion between USDC/USDT and COV is currently not available.