Multiswap
Last updated
Last updated
Multiswap is designed to give you more flexibility and efficiency in managing your cryptocurrency portfolio by allowing you to convert selected coin balances into your preferred base currency instantly.
Multiswap is a feature that enables you to convert the balance of selected coins into a different base currency of your choice, using a market order. This can be particularly useful for portfolio rebalancing, taking advantage of market opportunities, or simply consolidating your holdings into a preferred currency.
You can find the Multiswap feature within your Coinrule dashboard or in your wallet modal.
Simply navigate to this section, and you'll see the option to 'Multiswap' your coins for each connected exchange/Smart Account.
Select the Coin to Swap: In the Multiswap interface, select the coin balance you wish to convert.
Choose Your Base Currency: Select your preferred base currency to which you want to convert your chosen coin.
Conversion Using Market Order: The conversion will be executed using a market order. This means your swap will be processed at the current market price for the coin pair, ensuring a swift execution.
Availability: It's important to note that Multiswap can only be used if a direct coin pair exists with your selected base currency. If no such pair exists, the swap cannot be completed.
Swap: Once you click the 'swap' icon above, a Multiswap rule will be created and you can view the status of the swaps on the Activity Log.
Speed: Convert your cryptocurrencies quickly to react to market changes or opportunities.
Simplicity: A straightforward process that makes managing your portfolio easier.
Efficiency: Helps in rebalancing your portfolio without the need to manually search for coin pairs or execute multiple trades.
