How does CryptoExchange work?
An exchange transaction is first initiated by the trader who provides Type-A crypto and forwards to the Exchange's receiving address of the same crypto type. Then, through the internal/external liquidity, it will then be converted and forwarded to the Type-B crypto address which belongs to the Exchange. Lastly, the converted crypto will be transferred back to the trader's Type-B crypto address from Exchange's Type-B crypto address.
Thus, multiple addresses and a longer processing time may be involved to complete an exchange transaction. Please refer to the following diagram as your reference:
*Please note that the exchange price shown is an indication only. The received amount may fluctuate based on the closing rate provided by the Exchange.