How exchange works
The flow is simple:
Open Swap
Select the asset you want to exchange From
Select the asset you want to exchange To
Enter the amount
Review the exchange details
Confirm the swap
Kolo automatically calculates the estimated amount you will receive in the To field.
You will also see:
your available balance for each asset
the current exchange rate
the calculated amount for the selected pair
If needed, you can switch the selected assets using the swap control between From and To.
When everything looks correct, tap Continue.
Before the swap is created, Kolo shows a Review Swap screen. Review all details carefully before proceeding. To continue, tap Swap. Once the swap is confirmed, it cannot be canceled.
Review the exchange rate before confirming. The rate is fixed at the time of the transaction.
After you confirm the swap
After you tap Swap, Kolo completes the exchange and shows a confirmation screen.
On this screen, you can see that the original asset was deducted from your balance and the converted asset was added. You can find the completed swap in your transaction history.
When exchange may be unavailable
You may not be able to continue if:
the selected currency pair is not currently supported
the amount is too low or too high
the selected direction is temporarily unavailable
Finding the exact minimum
The exact minimum for each direction is shown on the swap screen in the Kolo app while you set up the conversion. This ensures you see the most up-to-date requirement before confirming.
Need help?
If you are unsure about the swap details, or something does not look right before confirmation, contact our support team before proceeding.