There are plenty of options you can choose from if you want to trade cryptos, and this article will help you by suggesting the best one.
How We Select the Best Exchange
We took into account several criteria to separate the wheat from the chaff and come up with one exchange that we deem the best.
First, we’ve made sure that the platform is safe and has all the necessary security protocols to protect its users. Since decentralized exchanges are widely regarded as safer overall, we gave them a slight advantage. Apart from reviewing the security levels, we checked their respective histories for any past security breaches.
The next criterion is user-friendliness. Online crypto exchanges can be extremely complicated, especially if you’re new to the world of crypto trading. That’s why we wanted to choose the one with a simpler user interface.
Fees play a big role in online crypto exchanges. Everyone wants to pay lower fees if it’s possible, but sometimes, high fees mean good service. It’s important to find a balance — an online crypto exchange that’s priceworthy. That’s why we took fees into account but didn’t make it imperative to find something as cheap as possible. Instead, we balanced between quality and charges.
We explored available cryptocurrencies on the platforms we tested. Simply put, some online crypto exchanges accept dozens of cryptos, while others focus on just a couple of them.
Finally, we tested speed, or the time it takes for you to swap your digital assets. Of course, less popular cryptos take more time, while the big ones, such as BTC or ETH, are swapped almost right away. Still, some exchanges can provide better speed than others.
The Results
After thorough research, we managed to narrow down our selection to one option. It’s a beginner-friendly exchange that will help you trade your cryptocurrencies at the best crypto exchange rates. The name of this platform is Godex.io.
What Makes Godex Special?
Godex is a decentralized exchange — it doesn’t require you to open an account or leave any kind of sensitive info on the site. You’re free to trade without ever having to reveal your identity and compromise your safety that way.
The popular platform accepts more than 200 coins, including the popular ones, such as Ethereum and Bitcoin. There are all kinds of trading pairs, and most of them take up to 30 minutes to be processed. Some of them take as little as five minutes.
Godex also offers unlimited trading, meaning there are no upper limits on how many digital coins you can swap. This is handy for all traders who like to move big amounts of money at once.
Perhaps, one of the biggest advantages of Godex is the fixed rate. When you initiate a transaction, the platform will freeze the exchange rate and trade the exact amount you were shown, even if the price changed in the meantime. This is very useful for a highly volatile market, such as the crypto one.
Also read: 5 Cryptocurrency Trading Sites You Should Consider
How to Trade Using Godex
Trading on Godex is actually much simpler compared to many other crypto exchanges. Once you load the site, you need to set which two cryptocurrencies you want to trade. You’ll see a converter with two dropdown menus on each side, where you need to pick the cryptos.
After that, enter the amount you want to trade — that can be either the one you buy or sell, and Godex will immediately calculate the latest rate. If you like it, you need to enter the addresses of the sender and the destination wallet and proceed with the transaction.
The last step is to make a deposit of the cryptocurrency you’re selling to the address that the platform will create for you.
Final Thoughts
As you can see, trading on Godex is easy and affordable, which makes it one of the best crypto exchanges in the market. The only downside is the lack of fiat currencies, which is the case with all other decentralized exchanges. Other than that, it’s a perfect platform, especially for traders who are new to this activity.