How does CryptoExchange work?

Modified on Wed, 30 Nov 2022 at 11:22 PM

An exchange transaction is first initiated by the trader who provides Type-A crypto and forwards to the Exchange's receiving address of the same crypto type. Then, through the internal/external liquidity, it will then be converted and forwarded to the Type-B crypto address which belongs to the Exchange.


Lastly, the converted crypto will be transferred back to the trader's Type-B crypto address from Exchange's Type-B crypto address.


Thus, multiple addresses and a longer processing time may be involved to complete an exchange transaction. Please refer to the following diagram as your reference:

Normally, all the transactions will be completed in 24-48 hours. Please contact us via email (support@coolbitx.com) if you didn't receive the exchanged asset after 48 hours. 

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