StraitsX Guides

StraitsX Guides #7: How to use StraitsX Swap?

May 22, 2023

Are you looking for a fast and cost-effective way to trade stablecoins? StraitsX has you covered with its Swap feature. In just a few easy steps, you can swap between XSGD and USDC, without the need for an exchange or a middleman.

Here's how to use StraitsX Swap:

  1. Log in to your StraitsX account and select the 'Swap' tab on your account dashboard.

If you don't have an account yet, you can sign up on the StraitsX website here.

  1. Select the stablecoin currency you want to swap to or from.

For example, if you want to swap XSGD to USDC, select XSGD as the 'From' currency and USDC as the 'To' currency. If you want to swap USDC to XSGD, select USDC as the 'From' currency and XSGD as the 'To' currency.

  1. Enter the amount you wish to swap, and click 'Preview Swap'.

The exchange rate is refreshed every minute to reflect the most up-to-date market conditions. This means you can always get the best rate possible for your swap.

  1. You will receive a preview of your Swap transaction,

which includes the exchange rate, fees (there are none!), and the total amount of stablecoins you will receive. If you're happy with the details, select 'Swap Now' to confirm your transaction.

  1. Your transaction will take a few seconds to be processed.

You can monitor the status of your Swap transaction on the 'Swap' tab of your account dashboard.

  1. Congratulations, you have successfully completed a Swap transaction on StraitsX!

You can now use your new stablecoins for any purpose you wish.

It's that simple to use StraitsX Swap. Whether you're looking to hedge against currency risks, diversify your cryptocurrency holdings, or simply trade stablecoins efficiently, StraitsX Swap offers a fast and cost-effective solution. 

Ready to get started?

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