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Most banks make money on FX by adding 1–3% to the rate they quote you. Glide doesn’t. We quote at the real mid-market rate — the rate that shows up on Reuters or Google — and charge a transparent transfer fee on top, if any.

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How conversion works

When you convert from one currency to another (USD to EUR, USDC to GBP, etc.), the dashboard shows you:
  1. The mid-market rate — live from the global FX market, refreshed continuously.
  2. The amount you’re converting — in the source currency.
  3. The amount you’ll receive — in the destination currency, calculated at the mid-market rate.
  4. Any transfer fee — flat or tiered by amount, published up front.
You see all four numbers before you confirm. No surprise margin baked into the rate.

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When conversion happens

Conversion is automatic in three situations and manual in one:
  • Automatic — receiving in a currency you don’t yet hold. The funds land in your destination currency at the mid-market rate.
  • Automatic — sending in a currency you don’t hold enough of. We pull from your nearest source currency and convert.
  • Automatic — spending with your card in a currency that’s not in your balance. We auto-convert from USD or your default currency at the time of authorization.
  • Manual — you can convert any balance any time from Convert in the dashboard. Lock in a rate now without waiting for a transaction.

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Compare us to your bank

The FX calculator compares Glide’s quote against:
  • Your local bank’s published rate.
  • Wise, Revolut, Western Union, Remitly, Xoom, MoneyGram.
  • The interbank mid-market for reference.
Same amount, same corridor, same day. The difference is usually 1–5% on a typical transfer.

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Rates we don’t quote

Glide can hold and convert most major currencies. A few exotic corridors are restricted because their FX markets are illiquid or their currency controls make settlement unreliable. Those show as “unavailable in your region” when you try to add the currency. The list shifts as markets open up.

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What about stablecoins?

Stablecoins convert at the live mid-market rate against the corresponding fiat. USDC to USD is essentially 1:1 with a small basis-point spread that reflects the on-chain peg precision. USDT to USD likewise. Converting USDC to GBP applies the USD→GBP mid-market rate.

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No spread, ever

Glide commits to zero FX spread. If we ever change this commitment, we’d announce it before activation, not bury it in fine print. The published pricing page is authoritative.

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