What is Bitvavo Convert and how does it work?

Summary

This article explains the Bitvavo Convert feature. Please note that Bitvavo Convert is currently not available for customers in the United Kingdom.

Introduction

Bitvavo Convert is a feature that allows users to swap one crypto asset directly for another in a single transaction. Please note that this feature is not available for UK customers.

In regions where this feature is active, Bitvavo Convert uses a price guarantee order to execute the swap. In this case, a market maker covers the market risk for up to 5 seconds. Bitvavo's trading mechanism ensures that customers always receive the guaranteed price. To manage this, the market maker adds a spread to account for any unforeseen price fluctuations during this period. This approach allows the market maker to assume the market risk for 5 seconds, ensuring that customers benefit from price stability and certainty. As a result, users receive the exact amount they previewed and confirmed.

You can find out more about the price guarantee in this support article.

When clients trade via price guarantee, they are trading against Inveniam B.V. (Inveniam). Inveniam is a group entity of Bitvavo Holding B.V. (Bitvavo Holding). Bitvavo Holding is the mother company of both Inveniam and Bitvavo B.V. (Bitvavo), the operator of the trading platform. Inveniam operates independently from Bitvavo B.V. as it has its own management and is strictly separated operationally from Bitvavo.

Bitvavo discloses potential conflicts of interest. We kindly refer you to our conflicts of interest disclosure for more information.

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