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Convert: The new Klever Exchange feature

by Jagdish Kumar
November 18, 2022
in Exchange, Global
Reading Time: 4 mins read
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Why do you want to make an order in the order book and wait for its execution, when Klever Exchange has produced a new feature that will make this process instant? 

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A new feature called ‘Convert’ has been launched in the exchange that allows users to convert any of their listed tokens with other tokens with ease and that too instantly.

“It is a feature that executes a market order on the pair chosen by the user. Simple as that, instead of the user having to go to the order book and make the operation, he can use this direct menu with a more simplified screen,” Hilário C Mota Jr Chief Operating Officer – Klever Exchange said. 

It’s the same as doing a Swap, but Convert is in a Centralized Exchange, whereas the Swap is made in a Decentralized Crypto Wallet, Hilario underlines. 

It is amazingly simple to use. Let’s learn how to use it.

Step 1: Log in to your Klever Exchange account

Step 2: Click on Convert tab

Step 3: Select the token you want to convert

Let’s assume, we want KLV in return of USDT

Step 4: Add USDT in the first box

Step 5: Add KLV in another box

Add the value of USDT you want to convert. You will not see how much KLV you will receive in return of USDT

Step 6: Click Preview, check the details

Step 7: Click on Place Order

Note: You need to place the order in under seven seconds, or else refresh the page and start again. 

Once you click on it, your order is processed, and the convert token will be deposited in your account

To check your account, Click on Holdings that can be seen on the top right side of the page.

Check your KLV total and USDT, the conversion will be reflected there.

If you go by the order book method, you will have to wait for a while to get it processed. If you are looking to trade a pair at your own rate, then an order book is the best means.

Note: Users will have to pay slippage for every transaction, so check the slippage before you place an order.

So, what are you waiting for? Convert your tokens with bullet speed and enjoy the new feature of Klever Exchange. 

Klever Keeps Building!

Tags: klever exchange
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Jagdish Kumar

Jagdish Kumar

Reporting & writing on crypto & blockchain for the past few years. A content eagle, journalist & writer with a passion to explore new technologies that can change human lives. Joined Klever to make Crypto simple. Follow me on Twitter @TokenBharat or email me at jagdish@klever.io

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