Fintech · Crypto

Godex

Redesigning the deposit step of a crypto exchange — the point where exchanges, and the fees they earn, were being lost.

Role Product Designer
Domain Fintech / Crypto
Platform Web + Mobile
Period 2019–2020

The problem

People were reaching the deposit screen and leaving.

Nearly half the people who reached the last step of an exchange — sending their own money to a deposit address — left without finishing. Analytics showed where, not why.

45% Drop-off at the deposit step
60% Bounce rate before the redesign

The product

Swap crypto anonymously, safely, at a competitive rate

Godex exchanges one cryptocurrency for another — 380+ of them, without registration. It tracks rates across partner platforms — Binance, Bitfinex, HitBTC and others — in real time, and quotes the best one it finds.

That rate is then held while you transfer, as with most instant exchangers. The window is thirty minutes — ordinary for this kind of service. The problem is what a visible countdown does to the person sending money.

The Godex homepage on a laptop, with the headline promising to exchange any amount of crypto at a guaranteed fixed rate
Fixed rate, no registration, 381 coins — standard claims for this kind of service.

The moment

Step three: send the deposit

An exchange runs in four steps. On the third, the site shows a deposit address and waits — the user sends their own coins to it from wherever they hold them.

Godex earns a fee on every exchange that completes, so the more transactions go through, the higher the profit. An abandoned deposit is a transaction the business never gets.

That is the step the analytics pointed at.

01Choose the currency

Pick the pair and the amount, see the rate.

02Enter the wallet address

Where the exchanged coins should arrive.

03Send the deposit

Send your own coins to the address shown, then come back.

04Wait for confirmation

The network confirms, the swap runs, the coins land.

Who it’s for

Traders in the US and Europe

Traders, working across two monitors or a laptop and on mobile. English plus a native language, so wording has to stay plain.

Three things they said mattered before starting an exchange:

1

Remain anonymous

No account, no identity check.

2

Secure their own funds

The coins should not sit with the exchange longer than the swap takes.

3

Understand the fee structure

Before starting an exchange, not discovered at the end of it.

Six mobile wallet screens: wallet list, transaction history, sending form, confirmation, sending in progress and the receive screen with a QR code
The Godex mobile app, end to end: wallet list, history, send, confirm, sending in progress, receive.

The hunch

The countdown kept running while the user was off the site

Green reads as safe. A live timer tells the truth — this is exactly how long you have. It should have been the reassuring part of the screen.

It did the opposite. With something visibly running out, people could not concentrate on the one task that mattered — and in half of cases they had to leave the page to transfer anyway, coming back to a timer that had never stopped.

Inference, not observation. No interviews, nobody watched an abandonment live. Which is why the next step was a test, not a launch.

The original deposit screen with a green countdown bar reading 21 minutes 55 seconds
Before: the countdown sits under the address you are about to send money to.

The A/B test

I initiated the test

I proposed running the redesign as an A/B test rather than deciding it in a meeting: half the traffic on the new screen, half on the old, for a month. Analysts and developers ran it.

The control group is what makes the number mean anything. Crypto volumes swing a lot on their own — without a group on the old screen at the same time, we could not have told a design effect from a market swing.

  • 50/50 split, randomly assigned
  • Desktop and mobile measured separately
  • One month of data, monitored by analysts and developers
  • Same market conditions for both groups

What I changed

I replaced the timer with a sentence

The countdown became a plain statement: the rate is fixed for 30 minutes, with a lock. Same fact, nothing moving.

I pulled the aggressive colour out and added a note for what happens after you pay: one confirmation, then the page updates itself.

The risk I took

Without a visible timer, some people miss the deadline and come back to a dead order. I took that trade for the larger group who were leaving under the pressure of watching it.

The redesigned deposit screen with a fixed-rate lock chip and an explanatory note
After: the deadline stated as a fact, and the page explaining what it will do on its own.

On mobile

The same two changes on mobile

On a phone there is no room to place an explanation next to the element it explains, so both changes had to sit in the reading order.

The fixed-rate line sits under the address; what-happens-next gets its own screen.

Two mobile deposit screens: one with the address and a fixed-rate line beneath it, one explaining what happens after payment
The same two additions on a phone, one after the other rather than side by side.

The result

Fewer people left the screen

−15 pp Drop-off, 45% → 30%
−20 pp Bounce rate, 60% → 40%
+4% Deposit conversion
5+ yrs Still in production

It went to all traffic after the test, and is still running five years later — through market cycles, team changes and product rewrites.

The rest of the product

The exchange-rate pages

The deposit screen was the piece we tested. The rest of 2019–2020 went on the product around it — the mobile app shown above, registration, data protection, the B2B and B2C landings, and the exchange-rate pages.

The exchange rate page with top gainers, top losers and a coin list showing price, market cap, 24-hour volume and change
Exchange rates: a daily reference for traders, and the door most people come through from search.