Crypto converter what is it and how to use

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If you want to find out how to convert cryptocurrencies in the fastest and most profitable way, you are in the place. It is best to use the services of a crypto converter. If you have never used this kind of service, it’s okay. We will tell you how to work with it in detail. It is absolutely not a big deal and almost every Internet user can understand their interface.

What is a crypto converter?

This is an exchange with a simplified interface that generates the price of an asset across several large trading platforms. That is, it draws up the rate in accordance with the data of other platforms without asking unnecessary questions.

The main feature you will notice right away is the most simple and intuitive interface. Such exchangers imply you can register in a couple of minutes and quickly perform the desired trading operation. Although conventional exchanges are working on simplifying the interface of their platforms, they are still many times more complicated than the decentralized crypto converter.

How to work with instant exchangers?

The Godex.io service is one of these easy-to-use platforms. We will briefly consider the steps you need to make to convert btc to ltc. The same method suits for exchanging other cryptocurrency assets.

  1. Go to the main page of the Godex.io website, where you will see a cryptocurrency calculator.
  2. Select the cryptocurrency pair you are interested in, in our case, it is Bitcoin and Litecoin.
  3. Indicate the exchange amount, this value can be entered both in the BTC and LTC columns. After that, the platform algorithms will analyze the current situation and provide you with the most profitable rate on the market. If it suits you, click on the “Exchange” button.
  4. Specify the address of the LTC wallet.
  5. Pay for the application and that’s it. The funds will arrive in your wallet in the near future.

Advantages of fast cryptocurrency exchange platforms

  • High level of security

Platforms like Godex use your cryptocurrency wallet for instant exchange. That is, the exchanger does not store coins at its address, but accepts and sends them to your wallet. For example, Binance, BitMEX, and other major exchanges hold cryptocurrency at their place while you trade it. From the moment you send bitcoins or altcoins to a traditional exchange, you entrust the ownership of the assets to the trading platform. In 2019, there were twelve hacking attacks on large exchanges. Hackers managed to steal more than $290 million. This is another reason to keep coins separately from large platforms.

  • Quick registration

On exchanges, the process of full registration of a trader includes an identity confirmation (KYC) procedure. To pass this procedure, you need to take a picture of yourself holding your documents. Sometimes exchange employees need several days to verify a new user’s documents.

Instant cryptocurrency exchanges usually require only email, mobile app, or wallet address. For example, you install the exchanger application and link your cryptocurrency wallet to it. That’s all – you can immediately exchange one coin for another.

  • Simple interface

Such sites are very convenient to use since almost everyone can figure it out without any problems. The interface is simple and user friendly, there is absolutely nothing complicated, so even a beginner can cope with it.

Conclusion

As you can see, a decentralized crypto converter is superior to classic centralized exchanges in almost everything. If you need to convert one cryptocurrency to another quickly, profitably, and anonymously, the decentralized platform Godex.io is the right choice for you.

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