Currency conversions allow you to exchange between different cryptocurrencies and stablecoins in your Devdraft account. Convert your digital assets instantly with transparent pricing and real-time exchange rates.

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Supported Conversions

Digital Asset Exchange:Supported Assets:
  • USDC ↔ EURC (stablecoin pairs)
  • ETH ↔ USDC (native to stablecoin)
  • BTC ↔ USDC (major crypto pairs)
  • Cross-network conversions supported
Exchange Features:
  • Real-time market rates
  • Instant settlement
  • Transparent fee structure
  • No hidden spreads

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How Conversions Work

1

Access Conversions

Navigate to Payments → Conversions in your dashboard
2

Select Currency Pair

Choose the source currency you want to convert from and the destination currency
3

Enter Amount

Specify the amount you want to convert and review the exchange rate
4

Review Transaction

Check the conversion details, fees, and estimated amount you’ll receive
5

Execute Conversion

Confirm the transaction and process the conversion instantly
6

Monitor Results

Track the conversion in your transaction history and verify updated balances

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Exchange Rate Information

Real-Time Pricing

Live Market Rates:
  • Updated every 30 seconds
  • Aggregated from multiple exchanges
  • Best available market prices
  • Rate lock during transaction

Transparent Fees

Clear Fee Structure:
  • Conversion spread clearly displayed
  • No hidden transaction costs
  • Competitive market rates
  • Fee breakdown before confirmation

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Conversion Interface

Choosing Your Pairs:
Currency conversion interface showing dropdown menus for source and destination currencies
Available Options:
  • Dropdown menus for source and destination
  • Balance display for available funds
  • Exchange rate preview
  • Swap button for quick reversal
Conversion Calculator:Input Features:
  • Enter amount in source currency
  • Real-time destination amount calculation
  • Maximum available balance indication
  • Percentage conversion options (25%, 50%, 75%, 100%)
Rate Information:
  • Current exchange rate display
  • Rate update timestamp
  • Historical rate comparison
  • Market trend indicators
Review Before Converting:Confirmation Details:
  • Source amount and currency
  • Destination amount and currency
  • Applied exchange rate
  • Conversion fees
  • Final amount to be received
  • Transaction processing time

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Processing and Settlement

Conversion Speed:
Conversion TypeProcessing TimeSettlement
Stablecoin to StablecoinInstant<1 minute
Crypto to Stablecoin1-3 minutes2-5 minutes
Cross-Network2-10 minutes5-15 minutes

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Advanced Features

Batch Conversions

Multiple Operations:
  • Queue multiple conversions
  • Optimize network fees
  • Scheduled execution
  • Bulk processing discounts

Rate Alerts

Price Monitoring:
  • Set target exchange rates
  • Email and SMS notifications
  • Price movement alerts
  • Historical rate tracking

Analytics Dashboard

Conversion Insights:
  • Conversion history analysis
  • Rate performance tracking
  • Cost optimization suggestions
  • Portfolio rebalancing data

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Conversion Analytics

Complete Conversion Records:Available Data:
  • All conversion transactions
  • Date and time stamps
  • Exchange rates used
  • Fees paid per transaction
  • Source and destination amounts
  • Transaction status tracking
Filtering Options:
  • Date range selection
  • Currency pair filtering
  • Amount range filtering
  • Status-based filtering
Optimization Insights:Key Metrics:
  • Average conversion rates achieved
  • Total fees paid over time
  • Conversion frequency analysis
  • Best and worst performing pairs
  • Network cost analysis
  • Timing optimization suggestions
Data Management:Export Features:
  • CSV download functionality
  • Custom date range exports
  • Detailed transaction reports
  • Tax reporting formats
  • Accounting system integration
  • API access for automated reporting

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Security and Risk Management

Protection Measures:
  • Rate Lock Mechanism - Exchange rate guaranteed during transaction
  • Balance Verification - Sufficient funds confirmed before processing
  • Network Validation - Automatic network compatibility checks
  • Transaction Limits - Daily and monthly conversion limits
  • Audit Trails - Complete transaction logging and monitoring
Market Awareness:
  • Volatility Impact - Cryptocurrency price fluctuations
  • Network Congestion - Potential delays during high traffic
  • Slippage Protection - Maximum acceptable rate deviation
  • Market Hours - 24/7 availability vs traditional market limitations
  • Regulatory Changes - Compliance with evolving regulations

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Best Practices

1

Monitor Market Conditions

Timing Optimization:
  • Watch for favorable exchange rates
  • Consider market volatility periods
  • Use rate alerts for target prices
  • Avoid conversions during network congestion
2

Optimize Network Selection

Cost Management:
  • Use Layer 2 networks for smaller amounts
  • Consider network fees in conversion costs
  • Batch smaller conversions when possible
  • Monitor network congestion levels
3

Maintain Conversion Records

Documentation:
  • Export transaction data regularly
  • Track conversion performance over time
  • Maintain records for tax purposes
  • Use reference fields for internal tracking
4

Set Appropriate Limits

Risk Management:
  • Configure daily conversion limits
  • Set maximum slippage tolerance
  • Use alerts for large conversions
  • Review and adjust limits regularly
Currency conversions are processed instantly but may be subject to network confirmation times. Exchange rates are locked at the time of transaction confirmation to protect against market volatility during processing.