Definition
A conversion interface typically asks for the asset to spend, the asset to receive, and an amount. It hides some order-book mechanics behind a quote. Depending on the service, the provider can source liquidity internally or elsewhere; the interface name does not specify the execution architecture.
How It Works
The user previews the amount received and accepts within the quote’s validity period. If the quote expires, a new rate may apply. For a hypothetical exchange of 100 units into 50 units, the effective rate is 0.5 output units per input unit before any separately stated charges.
Key Considerations
No separately displayed fee does not necessarily mean no conversion cost: the quoted rate can include a spread. Compare final received amounts and limits. Conversion between account balances is not necessarily an on-chain transfer, and support for an asset in Convert does not imply every withdrawal network is supported.