Now that the crypto market shows a constant upward trend, more and more new participants are entering the industry. The thing that unites them is the fact they all want to make a good profit, inspired by stories about success in the crypto field and the emergence of millionaires and even billionaires. People without experience in financial trading come to the crypto market, and they are interested in learning how to trade easily and profitably at the same time. In this article, we will tell you about the most common ways of trading and places where you can do it safely without paying huge fees. You will find out about the kinds of exchanges and their pros and cons. Thus, you will be able to make your own decision on which to choose.
How to buy crypto coins?
There are several ways to purchase cryptocurrency out there. Different sites and platforms propose various functions, interfaces, tools, as well as different commissions and speeds of work. You may use a fiat-to-crypto service to buy coins for your fiat money like dollars, euros, etc. In case you already own some coins in your wallet, you may swap them for another coin on centralized exchanges. The thing is, such platforms usually demand the users to pass verification and register. That is, you will have to send a picture of you holding your opened passport in your hand as well as copies of your documents. This is called the KYC procedure. The verification process may take several days. Experienced traders who play for large sums usually have accounts on such sites. However, if you are a beginner trader and don’t intend to play with large sums yet, such services will be too complicated for you. There are other platforms that allow buying crypto coins in a much easier way. They are called decentralized exchanges, and we will take a closer look at them.
If you are a beginner trader and want to convert BTC to ETH, we suggest you use decentralized services. They perform transactions much faster and possess a rich toolkit for a beginner to handle the swapping easily. Such services usually have no registration required. Besides, users don’t have to pass the KYC (know your client) verification for starting full-fledged work. Godex.io falls into the list of such platforms. It is becoming increasingly popular among users all over the world. The website is translated into 15 languages, thus providing maximum convenience to anybody from any corner of the planet. The service stands out with its fairly easy and intuitive interface as well as a convenient tool for swapping coins — Godex calculator.
Among other advantages of this site is its anonymity. Your coins are not stored on the site servers — the funds move between the users, which makes it impossible to be caught in a hacker attack. Also, users around the world note the low fees compared to similar exchanges. The developers are trying to make this resource as convenient and transparent for users as possible. There are no additional commissions or hidden fees on Godex.
A guide to using Godex exchange
As was mentioned above, this service has a convenient tool for swapping coins within its functionality. You will find the calculator on the main page of the site. You can choose coins in two columns — the left is for the coin you want to sell, and the right is for the coin you will buy. The Godex algorithms track the whole market situation in real-time and find the best rate for your deal. Once you get the result in a couple of seconds, you may proceed to the next step, where you need to indicate the number of coins you want to sell or buy. After you entered the number of coins, you should also indicate the wallet address. You should be especially careful on this step, as a single mistake in your wallet number will cost you your funds. Now that you’ve checked everything, go ahead and pay for the application. The swapping may take up to 30 minutes. It is not a long time to wait, given the best rates and maintaining your anonymity, is it not?
Now that you know how to convert coins on Godex.io, go and try to do it yourself. The developers of the site did their best to create a simple and user-friendly interface so that you can swap coins successfully even if it is your first time.
Other useful features Godex offers to its users are price charts and history. They reflect the dynamics of coin rates related to each other and to the dollar. The charts can provide you with additional information on their changes in the exact time-frame. It can be useful for building your financial strategy in a proper way.