Reflecting on trading activity in the crypto market, you need to have a grasp of how this market works. You are probably aware of its high volatility, so you know that being a successful trader means reacting to market fluctuations fast.
One should never invest last money in trading. This kind of activity requires your strong nerves and cold mind, which is impossible if you put all your funds on the line. Experienced traders know this. Thus, they build their financial strategy and invest only the amount of money they are psychologically ready to lose.
A newbie, who has no idea of coins charts and figures on them might find it challenging to handle this volatile market. Good thing, there are platforms that help the beginner to figure out how to earn.
Start from a small sum and don’t stop learning.
Ways to convert coins
The crypto boom in early 2021 brought more participants to the market. If you don’t have crypto investments yet, you can buy coins with your fiat money. If you already have some coins in your portfolio and desire to swap the cryptocurrencies, you may use centralized services.
Such sites always demand users to pass KYC verification, providing documents and a photo with a passport to approve identity. Large market players use such services and hold their funds on their servers.
Sill, if you are only a beginner and want to exchange coins most simply and quickly, you might want to use another approach. Look for decentralized exchanges for quick and convenient swapping coins without registration.
One of the most straightforward decentralized platforms for converting LTC to BTC is Godex.io. You don’t have to register and send your personal data to the service for your identity approval, you just stay anonymous and swap the coins you want.
There is a big list of cryptocurrencies available on Godex. It is one of the reasons why traders from all over the world appreciate this service.
The developers did their best to create a convenient tool any user can handle — either you are an experienced trader or only a beginner.
Also Read: Learn Everything Related To Bitcoin Trading!!!
How to exchange with Godex?
Once you go to Godex.io, you find its main tool – calculator, placed right on the main page. It has two columns to choose the coins to buy (right column) and to sell (left one). You just choose the coin you need from the list. Next, the platform’s algorithms will begin tracking all the popular sites searching for the best price for you.
You are going to receive it right on the screen in a matter of minutes. If the rate suits you, go ahead and enter the wallet number. Be sure you indicate the correct address, as a single mistake will lead to a total failure. Keep in mind that you can’t undo operations in the blockchain.
Pay the application and wait for the coins to arrive in your wallet. Be certain that further changes in the market will not affect your price. The rate is fixed at the beginning of the application and does not change during its performance.
You are not going to face any additional fees on Godex. This is another reason why traders like it. So, no waiting time, no hidden commissions, no verification. Instead, you get the most profitable rate, user-friendly interface, high speed of work, protection against DDoS attacks, and total anonymity.
Now it becomes clear why many traders worldwide use decentralized services for instant swapping the coins. Besides, the Godex platform proposes charts to check out the coins rate movements and changes in relation to one another and the US dollar.
Also Read: People Who Became Millionaire By Trading Bitcoin
Those charts will help you plan your trading strategy wisely and be aware of the current market situation and its dynamics throughout history.