How to exchange one crypto to another?
Exchanging one crypto to another is relatively straight forward, simple and fast. Although all digital currency exchanges (DCE) allow customers to exchange and trade all major cryptocurrencies, but it is crucial to do a comprehensive research before choosing a right exchange. We strongly recommend to do your own research before conducting any transaction or storing any funds in any digital currency exchange. At pip-Academy we have gathered a list of credible crypto exchanges that we ourselves are currently using for exchanging and trading cryptocurrencies. We have examined different aspect of these exchanges such as the platform they offer, level of security implemented, the fees and more. The fees, trading condition and the number of cryptos offered varies from one exchange to another.
In this topic we are going to show how to exchange cryptos using exchanges like Binance and Changelly that offer crypto-to-crypto exchange services. Besides that we also cover another available option for exchanging and trading cryptos.
Changelly is a platform that offers crypto exchange services for more than 130 cryptocurrencies instantly. Changelly claims that the platform offers the best available rate in the market. They charge a flat fee of 0.5% per transaction. Changelly only requires a simple email registration from their clients to be able to exchange crypto on their platform. The platform is relatively fast and straight forward and you can easily exchange cryptos instantly.
Binance is a well-known crypto exchange among crypto community specially for its crypto-to-crypto exchange services. They offer exchange services of more than thousands cryptocurrencies. Binance fee is as low as 0.1% per transaction. Once you register an account you would be able to trade and exchange cryptos, without verifying your account, Binance will impose a withdrawal limit of up to 2 Bitcoins per 24 hours. For higher limit, you have to verify your account by submitting your ID/passport and proof of address, once approved you can enjoy a withdrawal limit of up to 100 Bitcoins per 24 hours. There are higher limits still, but you will need to contact them directly to arrange that.
Abra is an app-based crypto wallet that offers exchange services for cryptocurrencies directly from the Abra wallet. All you have to do is to download the Abra app and register an account to be able to exchange any cryptocurrencies. The Abra wallet is easy to use and allows users to trade and exchange cryptocurrency directly from their personal wallet on their mobile phones. Abra allows users to also deposit and purchase cryptos with fiat currencies via bank transfer and credit cards.