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What is Toobit Convert and how does it work?

2025-04-18 08:40

AltcoinBitcoinBeginner
If you're reading this, then you certainly must be curious about our latest function. Today at Toobit Academy we are excited to introduce our new Toobit Convert feature—now live on both web and mobile platforms!
 
With this new function, you can easily convert any cryptocurrency supported by your Spot Account, all within the Toobit ecosystem. Whether you're diversifying your portfolio, preparing for a trade, or simply want to streamline your holdings, converting your crypto has never been easier.
Let's walk you through how it works!

How to convert assets on Toobit web

Step 1: Navigate to the Trade tab on the top menu, then click Convert.
Step 2: You’ll be directed to the Convert page.
Step 3: Choose your Spot Account as the source of funds.
  • Only your available balance in the Spot Account can be used.
  • The converted funds will be returned to the same account.
Select the cryptocurrency you'd like to convert from, enter the amount, then choose the asset you want to receive.
Step 4: Review the conversion details. Once everything looks good, click Confirm to complete the process.
✅ That's it — your assets have been successfully converted!

How to convert assets on the Toobit app

Step 1: Tap the Assets icon in the bottom-right corner, then select Convert.
Step 2: On the Convert page, follow these steps:
  • Select your Spot Account. (Note: This will use only the available balance from your Funding Account, and the converted crypto will be credited to your Spot Account.)
  • Choose the asset you want to convert.
  • Enter the amount.
  • Review the current exchange rate.
  • Tap Convert.
✅ You're all done! Your crypto has been successfully converted.

Additional notes

  • Conversion is currently only available using your Spot Account. Please transfer any necessary funds there before starting.
  • Exchange rates are powered by real-time quotes from top-tier market makers based on index pricing.
  • Rates refresh every 8 seconds. If the real-time rate differs by more than 0.1% from the quoted rate, your order will be canceled automatically—you’ll just need to try again.
  • For minimum and maximum limits on each asset, click here.
 
We hope this tutorial helped you understand how to use this new function better! Make sure to stay tuned for more exciting updates, articles, and tutorials coming your way here on Toobit Academy.
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