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CNY ¥1.00 ▲0.00%USD ¥6.85 ▼0.02%EUR ¥7.79 ▲0.00%GBP ¥9.10 ▼0.02%JPY ¥0.0418 ▼0.06%CHF ¥8.36 ▼0.03%CAD ¥4.85 ▲0.02%AUD ¥4.77 ▲0.06%NZD ¥3.96 ▼0.06%HKD ¥0.8731 ▲0.00%SGD ¥5.30 ▼0.01%KRW ¥0.004697 ▲0.00%TWD ¥0.2114 ▲0.00%INR ¥0.0714 ▲0.02%IDR ¥0.000378 ▼0.03%THB ¥0.2039 ▲0.01%MYR ¥1.67 ▲0.12%PHP ¥0.1111 ▲0.04%VND ¥0.000261 ▼0.12%PKR ¥0.0246 ▲0.00%BDT ¥0.0554 ▲0.07%LKR ¥0.0204 ▼0.19%NPR ¥0.0446 ▼0.02%MOP ¥0.8477 ▲0.00%BND ¥5.30 ▼0.01%MMK ¥0.003265 ▲0.00%KHR ¥0.001690 ▲0.00%KZT ¥0.0143 ▲0.02%AED ¥1.86 ▲0.04%SAR ¥1.83 ▼0.13%QAR ¥1.88 ▲0.12%KWD ¥22.07 ▲0.00%BHD ¥18.21 ▼0.01%OMR ¥17.81 ▲0.00%JOD ¥9.66 ▼0.05%ILS ¥2.24 ▼0.01%TRY ¥0.1445 ▲0.00%NOK ¥0.7069 ▲0.00%SEK ¥0.7053 ▲0.00%DKK ¥1.04 ▲0.32%PLN ¥1.80 ▼0.07%CZK ¥0.3221 ▲0.00%HUF ¥0.0216 ▼0.04%RON ¥1.49 ▼0.14%BGN ¥3.98 ▲0.11%ISK ¥0.0546 ▲0.01%RUB ¥0.0871 ▲0.01%UAH ¥0.1524 ▲0.00%MXN ¥0.3924 ▲0.00%BRL ¥1.34 ▼0.04%ARS ¥0.004565 ▲0.00%CLP ¥0.007285 ▲0.00%COP ¥0.002135 ▲0.01%PEN ¥2.01 ▲0.09%UYU ¥0.1704 ▼0.01%ZAR ¥0.4096 ▲0.00%EGP ¥0.1355 ▲0.01%NGN ¥0.005020 ▲0.00%KES ¥0.0529 ▲0.00%GHS ¥0.5863 ▼0.01%MAD ¥0.7301 ▲0.00%TND ¥2.31 ▼0.06%DZD ¥0.0513 ▲0.03%XOF ¥0.0119 ▲0.09%UGX ¥0.001837 ▲0.00%TZS ¥0.002599 ▼0.01%MUR ¥0.1444 ▼0.02%FJD ¥3.07 ▼0.14%USDT ¥6.81 ▼0.02%BTC ¥435,397 ▲0.21%ETH ¥12,945 ▼0.96%CNY ¥1.00 ▲0.00%USD ¥6.85 ▼0.02%EUR ¥7.79 ▲0.00%GBP ¥9.10 ▼0.02%JPY ¥0.0418 ▼0.06%CHF ¥8.36 ▼0.03%CAD ¥4.85 ▲0.02%AUD ¥4.77 ▲0.06%NZD ¥3.96 ▼0.06%HKD ¥0.8731 ▲0.00%SGD ¥5.30 ▼0.01%KRW ¥0.004697 ▲0.00%TWD ¥0.2114 ▲0.00%INR ¥0.0714 ▲0.02%IDR ¥0.000378 ▼0.03%THB ¥0.2039 ▲0.01%MYR ¥1.67 ▲0.12%PHP ¥0.1111 ▲0.04%VND ¥0.000261 ▼0.12%PKR ¥0.0246 ▲0.00%BDT ¥0.0554 ▲0.07%LKR ¥0.0204 ▼0.19%NPR ¥0.0446 ▼0.02%MOP ¥0.8477 ▲0.00%BND ¥5.30 ▼0.01%MMK ¥0.003265 ▲0.00%KHR ¥0.001690 ▲0.00%KZT ¥0.0143 ▲0.02%AED ¥1.86 ▲0.04%SAR ¥1.83 ▼0.13%QAR ¥1.88 ▲0.12%KWD ¥22.07 ▲0.00%BHD ¥18.21 ▼0.01%OMR ¥17.81 ▲0.00%JOD ¥9.66 ▼0.05%ILS ¥2.24 ▼0.01%TRY ¥0.1445 ▲0.00%NOK ¥0.7069 ▲0.00%SEK ¥0.7053 ▲0.00%DKK ¥1.04 ▲0.32%PLN ¥1.80 ▼0.07%CZK ¥0.3221 ▲0.00%HUF ¥0.0216 ▼0.04%RON ¥1.49 ▼0.14%BGN ¥3.98 ▲0.11%ISK ¥0.0546 ▲0.01%RUB ¥0.0871 ▲0.01%UAH ¥0.1524 ▲0.00%MXN ¥0.3924 ▲0.00%BRL ¥1.34 ▼0.04%ARS ¥0.004565 ▲0.00%CLP ¥0.007285 ▲0.00%COP ¥0.002135 ▲0.01%PEN ¥2.01 ▲0.09%UYU ¥0.1704 ▼0.01%ZAR ¥0.4096 ▲0.00%EGP ¥0.1355 ▲0.01%NGN ¥0.005020 ▲0.00%KES ¥0.0529 ▲0.00%GHS ¥0.5863 ▼0.01%MAD ¥0.7301 ▲0.00%TND ¥2.31 ▼0.06%DZD ¥0.0513 ▲0.03%XOF ¥0.0119 ▲0.09%UGX ¥0.001837 ▲0.00%TZS ¥0.002599 ▼0.01%MUR ¥0.1444 ▼0.02%FJD ¥3.07 ▼0.14%USDT ¥6.81 ▼0.02%BTC ¥435,397 ▲0.21%ETH ¥12,945 ▼0.96%
TCE
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🎓 Learn

Everything you need to trade with confidence.

9 short courses. 36 lessons. A glossary that de-jargons the whole desk. Clear, jargon-free, from first exchange to pro.

📚 Courses3 courses
📊
🌳 Pro · 18 min

Advanced trading

Rate alerts, watchlists, split-purchase strategies.

🏢
🌳 Pro · 20 min

Business & treasury

Batch payouts, forward booking, API automation.

📖 Glossary16 terms · alphabetical
Spread

The difference between the desk's buy and sell price. Our margin lives here — everything else is transparent.

Mid-market rate

The midpoint between global buy and sell prices, before any spread. Financial news quotes this "true" rate.

Stablecoin

A crypto asset (USDT, USDC) designed to track the value of a fiat currency, usually the US dollar.

On-ramp

Converting fiat currency (RMB, USD) into crypto (BTC, USDT). Requires KYC.

Off-ramp

Converting crypto back into fiat. The reverse of on-ramp.

KYC

Know Your Customer — the identity check that keeps the platform safe and compliant. One-time.

KYB

Know Your Business — the corporate equivalent of KYC, adds director search and beneficial-owner mapping.

AML

Anti-Money-Laundering — the rules and monitoring designed to prevent illicit fund flow.

Settlement

The moment funds actually arrive in your bank / wallet — as opposed to being "in progress".

Escrow

A holding mechanism that locks assets until both sides of a trade confirm. Every P2P trade uses it.

Rate lock

A quoted price held for a stated window (60–300s) — confirm inside, that's your rate.

P2P

Peer-to-peer — trading directly with another verified member, mediated by our escrow & dispute review.

SWIFT

International wire network. Slow and expensive but universal for cross-border transfers.

SEPA

Fast European interbank rail — same-day settlement across Eurozone.

Corridor

A specific origin-to-destination pair, e.g. RMB → GBP. Different corridors have different rails, timings and fees.

Spread compression

As volume grows, spreads tighten — the mechanism behind our Trader & Business tier discounts.

🏆 Learning pathsguided journeys by goal
🎒

New to FX

Path: Getting started → FX basics → First exchange. About 30 minutes.

Start path →
🌏

Sending money abroad

Path: Corridors → Rails → Timing → Receipts. About 25 minutes.

Start path →

Crypto trader

Path: Crypto 101 → On/off-ramps → P2P → Security. About 40 minutes.

Start path →
🏢

Business/treasury

Path: KYB → Batch payouts → Forward booking → API. About 45 minutes.

Start path →

📮 Get lessons by email

One short lesson per week — market outlook, security tips, product changes. No spam.

📝 Blog notes

Longer-form desk notes on rate outlook, security, product changes. Written by the people who run the desk.

Read the blog →

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