6 WAYS TO EXCHANGE ONE CRYPTOCURRENCY FOR ANOTHER

Dealing with cryptocurrencies the way we deal with our money or other stocks in the market is the way the financial world is leading us to. Bloomberg had written in one of its posts that, the cryptocurrency exchanges are bringing in at least a revenue worth $3 million EVERYDAY. 

Binance, the exchange app and site has witnessed personal earnings up to $446 million in the year 2018. 

Here are some best ways to coverts your cryptocurrencies. 

Coinswitch

Coinswitch is an Altcoin Aggregator which works like a search engine. It will search for the best cryptocurrency exchange rate in the market and offers you the best exchange from the others. Coinswitch offers a huge selection of Altcoins with more than 45,000 pairs to choose from.
Media attention-
Coin telegraph: CoinSwitch is essentially an exchange marketplace, through   which users can access the crypto-markets. This model removes the need for multiple accounts across various exchanges or even one account for an exchange

Enter the conversion you wish to go ahead with and then click the option view all offers. When you come across an exchange offer you like, then select that. once the exchange is confirmed, Coinswitch will send the cryptocurrency to your wallet. 

 

Changelly

Changelly offers a 24 hour statistics of the transactions made, regular users, processing time and many other things. It is an effortless and instant process with Changelly to swap your cryptocurrency. They have a very good partnership and tie ups with exchanges like Bittrex and Poloniex.

 

They process around 1,400,000 transactions per second. It is one of the fastes exchange on the planet after Binance. It is highly trustworthy and secure. Their algorithms and API platforms are used by wallets and exchanges like Trust wallet, Exodus, Jaxx and many others. 

 

Shapeshift

Shapeshitft is also an excellent option for swaping your altcoins. You need to have an account which is verified with your I.D. You will be asked to scan some personal documents before being authorized to swap your currency. Shapeshit does not let you hold your currencies.

 

ChangeNow

This is also an instant exchange site which does not ask you to enter your personal details except for email id and password. There are no lengthy processes for signing up and converting.

 

Once you give your email id, options showing various cryto will be on your screen. You can select whatever you want and then select your amount as well. the crypto will calculate the amount you will receive at your end. 

 

Change now will also not hold your cryptocurrency so a wallet address will have to be provided in order to receive the amount that you will get in return. Once you confirm the exchange you will receive the credit on your wallet. 

 

BitPanda

This is Europe’s leading exchange, as well as buying and selling cryptocurrencies platform. It recently launched its INSTANT SWAP feature on the platform. With this feature, the user can instantly convert their cryptocurrency.

 

Since it is an overall developed site, it also provides for a wallet where you will be able to store all your cryptocurrencies. The registered customers can swap their currencies and can view the amount being credited almost instantly. 

 

However, this convenience comes at a price. There is a heave fee charged for this feature and is expensive. Also, the swap feature will be available to you only when you register with them and deposit cryptocurrency in their wallet. 

 

Atomic Wallet

Atomic wallet has a new and a different concept. It allows you to swap your cryptocurrency without any middle man. There is no 3rd party here. The exchanges are almost INSTANT. The exchange rates are minimal and there are a variety and plenty of offers. 

 

Although there are a lot of unsaid risks involved when it comes to trading without third parties. Hence if you are extremely concerned about your security, then go ahead with any of the centralized exchanges. 

 

If you want to swap your Bitcoin for an Ethereum, then all you have to do is explain the order to the wallet’s order book. The Bitcoins will transferred to the Ethereum blockchain and you will receive the amount. 

 

Atomic wallet is looking for partnerships with Changelly and Shapeshit for further expansion and developments. 

 

Every instant swap or exchange you choose is overlooked by an automated risk management system. It does check all the transactions. All the KYC regulations and platform requirements are to be provided by the users. Some exchanges will even ask you to scan your ID documents. Even though instant swaps are not looked by agencies or companies, but if there is anything catchy to the eye, it might be questioned in the future.

Leave a Reply

Your email address will not be published. Required fields are marked *