What is an exchange spread?
Everything you need to know about exchange spreads.
Would you like to swap crypto in Exodus? You can download Exodus here.
In this article:
- What is an exchange spread?
- You will always receive the amount of crypto you see in the initial screen!
- I see a better exchange rate somewhere else, what should I do?
What is an exchange spread?
An exchange spread is the difference between two prices: the price the seller is asking, and what the buyer is willing to pay.
There is no set spread, even when you are swapping between the same two assets. Spreads change based on liquidity and market conditions at the time you're making a swap. When markets are more volatile, spreads will be wider.
Although spreads can vary greatly based on market conditions, in Exodus, the exact amount of crypto you will be swapping and the exact amount of crypto you will receive will be shown to you up front. Before proceeding, you can decide if you still want to make the swap.
What causes a spread to be higher?
A high spread means there is a bigger difference between what the seller asks for and what the buyer is willing to pay.
Higher spreads can happen when:
- The market is more volatile (i.e. the price is fluctuating rapidly)
- You're swapping less popular assets where there are not a lot of buyers and sellers (i.e. less liquidity)
What causes a spread to be lower?
A low spread means there is a small difference between what the seller asks for and what the buyer is willing to pay.
Lower spreads can happen when:
- The market is less volatile (i.e. the price is stable)
- You're swapping more popular assets where there are a lot of buyers and sellers (i.e. more liquidity)
You will always receive the amount of crypto you see in the initial screen!
In Exodus, you have the chance to see the spread before you make the swap.
You can see the amount you are swapping, and the amount of crypto you will get return. You can see both the crypto value of the swap, as well as your chosen fiat value.
With this information, you can decide whether you want to continue with the swap or not.
I see a better exchange rate somewhere else, what should I do?
Every platform will have its own rates, and it is always your choice where you swap your crypto.
For more information on the pros and cons of Exodus Swap, please check out this article we wrote: What are the benefits of swapping crypto in Exodus vs. centralized exchanges?
Exodus is not affiliated with any third-party platforms, external links, or any other third-party resources mentioned in this article. As such, Exodus cannot guarantee the performance of third-party products or services, or that the steps shown and the information provided will always be accurate.