How and Where to Convert Cryptocurrency Profitably?
Crypto trading and investment is a good option for making a profit from digital assets. The essence is to buy and sell cryptocurrencies at the right time and in the right place. In addition, much knowledge and practice are needed to become a successful trader. In this article, we would like to talk about the best place to buy and convert cryptocurrency.
There are different services for buying and selling digital assets on the Internet. They are mostly divided into 2 groups:
. Decentralized platforms (DEX)
. Centralises exchanges (CEX)
CEX are large and reliable platforms that operate officially and require users’ registration and verification (passport data, place of living, etc.). These processes are needed to ensure that a person working on the platform is not a hacker or fraud. CEX keeps track of transactions, and if any suspicious activity is found, blocks users that can potentially threaten other users. CEX holds clients’ funds in a reliable place and implements several layers of protection. Thus, clients and the exchange share the responsibility for the funds’ safety.
CEX offer:
. cryptocurrency calculator;
. wide range of trading pairs;
. advanced and simple tools for trading;
. possibility to deposit fiat and convert crypto back to real money;
. charts, analytics, often educational sectors;
. sometimes demo accounts;
. customer support.
DEX are crypto exchanges that do not promise users’ funds’ safety. They work as sites where users meet and exchange crypto assets with each other. DEX does not keep users’ funds on its servers, so it is not responsible for them. There is no need for verification or registration on DEX. Decentralized platforms do not offer as many trading tools as CEX do, but experienced traders also use them often for transactions and conversion.
Where Can I Find A Convenient Crypto Converter?
The WhiteBIT crypto platform is a centralized service that offers high safety and quality tools for profitable and convenient trading. To use the WhiteBIT crypto calculator, you should enter it and pick the crypto assets you have and which you want to acquire. The calculator will display the current rate for your trading pair and the fee you will have to pay for the conversion. The tool works smoothly and fast. Transactions proceed within a couple of minutes.
Look for more information on the WhiteBIT exchange on its official website and try the WhiteBIT crypto calculator in a demo mode.