Using a cryptocurrency converter to convert currencies is one of the ways that crypto trading has been made simple, in addition to buying and selling cryptocurrency. To trade the assets they want in the market, for instance, customers can quickly convert BNB to BUSD and vice versa.
Curiosities About Cryptocurrency Converter
A cryptocurrency converter could be a website, app, extension for a user’s browser, or even an interface that gives users access to a straightforward crypto converter. Firstly, you must choose the best channel for your needs in order to convert your cryptocurrency. The one you choose will depend on the asset you want to convert and which platform will make it simple for you to do so.
Why Do You Need a Cryptocurrency Converter?
A straight converter from one cryptocurrency to another could save transaction costs. For instance, if you reside in the United States or Europe, whenever you sell or purchase cryptocurrency using a site like Coinbase, you are required to pay transaction fees that start at 1.49% and can increase if you pay with a debit or credit card.
However, the situation is different with cryptocurrency converters. For example, the Coinbase cryptocurrency converter does not charge the user a markup fee when converting tokens to tokens. This is a more advantageous and profitable system for users.
Well-Known 5 Cryptocurrency Converters
It is always helpful to do market research as well as familiarize yourself with reliable and user-friendly platforms for choosing crypto conversion tools. There are several well-known cryptocurrency converters you can use, such as ChangeNOW, Changelly, Easybit, and SimpleSwap. We will review these converters in the rest of the article.
ChangeNOW
Using the non-custodial trading platform ChangeNOW, you may easily convert, purchase, or sell cryptocurrencies. As a non-custodial platform, you don’t need to be concerned about the security of your coins because they are held in your personal wallet.
On its platform, it supports more than 200 cryptocurrencies, including ETH, BTC, BNB, and LTC, among others. One cryptocurrency to another can be converted, as well as from fiat to cryptocurrency.
Changelly
Users can easily convert and trade cryptocurrencies thanks to Changelly’s ecosystem of exchange services and products. The company has spent the last six years concentrating on providing a rapid cryptocurrency exchange to encourage widespread adoption.
For those searching for a sleek, dependable, and practical crypto converter, there is Changelly. Simply choose the cryptocurrency you want to convert to, enter the amount, and then choose the cryptocurrency you want to convert your asset to. You can use their mobile app or the browser to access Changelly.
Like Changelly, a cryptocurrency coin converter also provides trading, selling, and buying services for cryptocurrencies. On the webpage, you can alternate between conversion and other choices. Changelly is capable of converting fiat to cryptocurrency in addition to converting crypto to crypto.
Easybit
This cryptocurrency exchange company, which is situated in Cyprus, allows you to instantly swap and convert cryptocurrencies right from your connected digital wallet. With an average conversion time of 12 seconds per transaction, conversion is quite quick. Users of Easybit are additionally shielded from market volatility by a feature we call Volatility protection mode. Both their mobile app and any browser can be used to visit Easybit.
SimpleSwap
Another trading platform that offers cryptocurrency conversion is SimpleSwap. It is user-friendly and has a sizable user base. Both experienced and inexperienced traders can utilize the UI with ease. The platform is non-custodial as it doesn’t store user funds. Direct conversion or trading of your funds occurs from your wallet. The platform also accepts over 300 different tokens.
Users can convert the cryptocurrency in their wallets using SimpleSwap as a simple crypto converter. The convert functionality lets users choose how much cryptocurrency they want to convert and which cryptocurrency they want to convert their assets to.
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