When your funds are stored on the platform, they can either be stored in AUD or in USD. The balances here will be shown in the left hand menu of the platform and will be shown next to the corresponding asset that the balance is held in, the same as another Crypto balance. An example of this is provided below.
Once your base currency is set to AUD, if you intend to sell your USD into AUD in order to trade in only AUD, you will be able to do so by:
Searching for USD in the list of assets on the left hand menu;
Selecting US Dollars and then entering the amount you intend to sell in the appropriate field or by using the percentage base trade bar; and
Once all the appropriate fields are filled, hit the Instant Sell function.
Once you have executed this trade you will have sold your USD and the proceeds of the sale will be credited to the balances of your account.
From here, you will now have the AUD in your account to trade with if your base currency is set in AUD. If you intend to purchase USD to trade with moving forward using your AUD balance, you will be able to do so using the instructions above and on the Buy page.
For more information on how to use this new feature on your Swyftx account, feel free to watch the instructional video that we have attached below to clarify our users queries.
If you have any further questions about our new Multi Currencies feature or would like a hand navigating the process of making a trade, please don't hesitate to get in touch with our team via the live chat.