Top 5 instant exchanges to swap rare cryptocurrencies

According to statistics, the adoption of cryptocurrencies is happening much faster compared to the adoption of earlier technological advances, such as cars or the Internet. People are becoming more willing to include digital assets in investment portfolios. However, the times of fantastic earnings on Bitcoin are most likely over. At the moment, BTS is considered another means of protecting capital from inflation.

How to start investing in cryptocurrency?

The most accurate answer to this question is thoughtfully and consciously. First of all, you need to study the assets you are interested in: the goals of the project, its history, technology, current capitalization, and the current price of the coin. Also, in any case, you will have to use stablecoins, and it would be useful to have an idea about the process of exchanging USDT-ERC20 to TRC20.

The next step is defining goals and developing an investment strategy. That is, answer yourself a few questions:

How much and what percentage of your investment portfolio do you plan to allocate to digital assets?

  • How will you store your assets?
  • How long do you plan to store the coins?
  • At what price do you plan to sell them?

At the planning stage, you can simultaneously choose a reliable platform where you will buy your first coins.

Where to buy crypto?

Today you can buy cryptocurrency in a dozen ways, but it is safest to make such transactions on specialized trading platforms with a good reputation. Depending on the functional features, centralized and decentralized cryptocurrency exchanges and crypto exchangers are distinguished.

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Centralized crypto exchanges are functionally practically no different from other financial markets. Their main drawback from the point of view of many users is the need for account verification. On platforms where verification is optional, anonymous clients typically have limited access to trading.

Decentralized exchanges do not require any personal information from users. However, this is an environment with greater risks and more complexity. To work with DEX you need relevant experience.

Crypto exchangers are intended exclusively for the purchase and sale of cryptocurrencies for other cryptocurrencies or fiat money at the current market rate. Accordingly, their interface is as simple as possible. Access to trading on some sites is available even without registration.

Top 5 instant exchanges to swap rare cryptocurrencies

LetsExchange

LetsExchange is an online instant cryptocurrency exchange service that provides users with the opportunity to conveniently, quickly and completely confidentially exchange various cryptocurrencies. This service is available via a link https://letsexchange.io/ in more than 200 countries and supports more than 3,000 assets, including fiat currencies.To carry out a cryptocurrency exchange operation, the user selects a trading pair and indicates the desired amount for exchange. The service then provides the wallet address to which you want to send funds.

As soon as the funds arrive in the LetsExchange wallet, an automatic exchange of cryptocurrencies occurs, and the user receives the desired currency in his wallet. It is important to note that this platform does not provide storage services, so you must have your own offline crypto wallet to use the service.

Changelly

Changelly supports over 200 different types of altcoins and allows users to choose between floating or fixed exchange rates.

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Users can easily perform exchange, purchase and sale transactions of cryptocurrencies using the platform’s home page. Moreover, Changelly also provides users with the option of trading through the PRO version.

This service is convenient for periodic transactions with cryptocurrencies, but for active trading it is preferable to choose a centralized platform such as Binance, Kraken, Gemini or another large exchange.

Godex

The Godex platform operates at fixed rates and provides instant and anonymous exchange of digital currencies. There are currently over 300 different coins available on this platform, and almost every popular cryptocurrency is available for exchange. The average transaction completion time is between 5 and 30 minutes, which is much faster than many other platforms where the process can take between 30 and 45 minutes. However, it is worth noting that the Godex platform does not support crypto-fiat transactions.

Bisk

The Bisq platform, also known as BitSquare, is a completely decentralized marketplace where there is no need to disclose your personal data. This is a peer-to-peer cryptocurrency exchange platform that is considered one of the most advanced.

This platform supports more than 15 payment methods, but it does not provide storage services. This means that users have full control over their funds. Bisq supports over 120 different cryptocurrencies.

Bisq is renowned for its security, but can be a little challenging for those new to the world of cryptocurrencies. The only drawback of this platform is the low trading volume.

CoinSwitch

CoinSwitch is Indian trading platform that started its work in 2017. This service supports more than 400 coins and tokens. Thanks to cooperation with various cryptocurrency exchanges, more than 100,000 possible exchange directions are available on the platform. A special feature of CoinSwitch is the ability to purchase cryptocurrencies with fiat money without the need to use bank cards. It does not require registration on third-party exchanges.

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Because CoinSwitch partners with different exchanges, fees for each transaction can vary significantly. This is one of the most famous and popular cryptocurrency exchanges, which also does not require KYC verification.

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