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3 Exchange Platforms to Trade Crypto in No Time
The crypto markets can be ruthless and unforgiving if you don’t manage to find the right exchange. The volatility of cryptocurrencies is reaching a peak point in this bear market, and trading quickly is essential to be able to preserve profits.
Cryptocurrencies can fluctuate wildly, and many exchanges use floating rates that vary on supply and demand. This means that more unusual trading pairs like KLAY to BNB can be subject to high variations and slippage from the moment you open your order to the moment it closes.
This means that you might receive much fewer tokens than you were supposed to due to these floating rates, especially at high volumes. For this reason, we singled out three exchange platforms that will provide you with fast swaps and fixed rates.
Godex is an anonymous cryptocurrency exchange that provides some of the best fixed rates on the entire market. What does this mean?
In a nutshell, whenever you request a swap on Godex, the exchange freezes the rate at which you made your order. This means that regardless of volume, slippage, supply, or demand, the rate will remain the same, and you will receive the number of tokens you initially ordered.
Moreover, this is an anonymous exchange. Godex doesn’t take privacy lightly and doesn’t require any personal information from the user. You won’t even have to create an account here or share an email address.
This increases the security of your funds, as they cannot be associated with your person. Additionally, in case of a data breach, there’s nothing to steal, as the exchange only uses your public wallet addresses.
To add to these benefits, it’s important to note that Godex provides more than 300 different cryptocurrencies that you can swap with each other. Even less popular coins can be swapped directly with each other, which reduces the number of steps required to do so.
Egera declares itself as one of the fastest exchanges on the market. This European-based exchange allows you to trade a small select number of cryptocurrencies and purchase them with fiat. This includes Bitcoin, Ethereum, XRP, and Litecoin. The main advantage is that it supports the native currencies of around 25 different countries.
However, the limited range of crypto doesn’t really play in Egera’s favor. With only four top cryptos available for purchase, you might find yourself quite constrained.
The Pro version of the app is much more suitable for seasoned traders, as it provides more crypto pairs. Moreover, the exchange allows 24/7 withdrawals, directly to the user’s bank account.
But with this comes the caveat of full KYC compliance. This means that if you want to trade cryptos anonymously, you had better look at the competition.
Nexo is a crypto trading and lending platform, one of the few that has remained after the culling of 2022. With Celcius and BlockFi facing bankruptcy, users have very few options left in this niche and Nexo remains one of the strongest ones.
This platform allows you to purchase cryptocurrencies with a credit card, providing a great on-ramp for novice investors. Their swap platform provides more than 300 different cryptos that can be exchanged from one to another, which is quite convenient.
Again, since Nexo uses fiat currencies, you will need to pass through an extensive KYC procedure to create an account. This is not the most convenient procedure if you want to trade fast and without having to deposit funds on a third-party platform.
Exchanging cryptos quickly in times of high volatility is of critical importance. Exchanges like Godex provide you with an easy solution that remains fast and anonymous, while simultaneously providing fixed rates for your swaps. You can even find cross-chain swaps like WAX to EOS, which makes it one of the best platforms for speedy and cost-effective exchanges.