1.What is Flash Swap？
Flash Swap helps users swap one currency for another in one click. The quotation is generated by the system. After the user confirms the exchange, the settlement will be completed automatically in the spot account. No fees will be charged in the process.
2.How to use Flash Swap?
Make a request for Flash Swap on website or phone app ➪ overview the swap result ➪ swap completed and spot account settled
3.What are the minimum and maximum amounts of monetary value for each swap?
The minimum is 10USD. The maximum varies from currency to currency, but the exact maximum value will be displayed on the screen as you make the swap.
4.How to calculate the price?
There is a certain difference between the flash swap price and the spot price. If you are buying a currency, the price will be slightly higher than the spot price; if you are selling a currency, the price will be slightly lower than the spot price.
5.How to view Flash Swap history?
Log in to your Gate.io account and click this link.
6.How to deposit and withdraw in flash exchanges?
Flash swap transactions are settled directly in the spot account. You only need to deposit or withdraw funds in your spot account.
7.Why do I see "Inadequate balance"?
When making a certain transaction using Flash Swap, your spot account must have sufficient corresponding assets. For example, if you want to exchange GT for 1 BTC, and the BTC flash swap price is 10,000GT, your spot wallet needs to hold at least 10,000GT available balance to successfully confirm the flash transaction.
Step-by-step tutorial on Flash Swap
Step 1: Log in to your account. Go to "Trade" - "Flash Swap".
Step 2: Make a request for a flash swap.
①If you plan to sell a currency, choose the currency you want to exchange for, the currency you want to exchange, and input its amount. Then click on "Overview" to see the swap result. Click on "Confirm" if you are happy with the swap result.
②If you plan to buy a currency, choose the currency you want to exchange, the currency you want to exchange for, and input its amount. Then click on "Overview" to see the swap result. Click on "Confirm" if you are happy with the swap result.
Step 3: After the swap is done, go to "Order" - "Flash Swap" to access trade history.