Payments
Conversions
Convert between supported cryptocurrencies and stablecoins with real-time exchange rates in Devdraft
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.
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
- Real-time market rates
- Instant settlement
- Transparent fee structure
- No hidden spreads
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
Video Tutorial: Currency Conversions
Learn how to convert currencies in your Devdraft account: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
Conversion Interface
Currency Selection
Currency Selection
Choosing Your Pairs:
Available Options:
- Dropdown menus for source and destination
- Balance display for available funds
- Exchange rate preview
- Swap button for quick reversal
Amount Entry
Amount Entry
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%)
- Current exchange rate display
- Rate update timestamp
- Historical rate comparison
- Market trend indicators
Transaction Confirmation
Transaction Confirmation
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
Processing and Settlement
Conversion Speed:
| Conversion Type | Processing Time | Settlement |
|---|---|---|
| Stablecoin to Stablecoin | Instant | <1 minute |
| Crypto to Stablecoin | 1-3 minutes | 2-5 minutes |
| Cross-Network | 2-10 minutes | 5-15 minutes |
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
Conversion Analytics
Transaction History
Transaction History
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
- Date range selection
- Currency pair filtering
- Amount range filtering
- Status-based filtering
Performance Metrics
Performance Metrics
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
Export and Reporting
Export and Reporting
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
Security and Risk Management
Transaction Security
Transaction Security
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
Risk Considerations
Risk Considerations
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
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.