Where to Swap ETH to BNB Safely and without Limitations
Ethereum and Binance Coin are in the TOP 10 most capitalized cryptocurrencies. Both coins are seen as potentially profitable investment vehicles in anticipation of the next phase of DeFi’s rapid development. Both coins are widely represented on centralized and decentralized cryptocurrency exchanges. However, ETH to BNB exchange and trading of the eth/bnb cryptocurrency pair is possible on a limited number of services.
Where to change top coins
Surprisingly, the leader in terms of trading volumes for the eth/bnb crypto pair is not Binance, but the Vietnamese exchange VinDAX. There is not much information about the site, and it is very far from the top positions in the ranking. This is already quite enough to treat her with more caution than usual.
But a more powerful argument against the services of VinDAX and all other centralized cryptocurrency exchanges is the need for account verification and the presence of restrictions on the amount of the transaction and / or the amount of withdrawal of funds. Even if they do not create any inconvenience for you now, they oppress by the very fact of their existence.
Decentralized platforms provide much more freedom of action. However, the DEX segment is just beginning to develop, and the formal absence of restrictions on the amount of a transaction in practice can be completely offset by a lack of liquidity. In addition, the process of exchanging coins from different blockchains on platforms, where possible, is accompanied by additional steps to issue wrapped coins that are compatible with the DEX blockchain.
Advantages of fast exchange services
Fast exchange services differ from cryptocurrency exchanges in a narrower focus. First of all, they are designed to exchange crypto for fiat or one digital coin for another. The requirements for registration and verification of users for such services are quite different. Some platforms require you to go through both procedures without fail, some are available to any user without any formalities.
Transactions are executed quickly, at the current rate, which is formed on the basis of data from large trading platforms and is adjusted in real time. Since it changes rapidly, the platform may have an exchange rate fixing feature. LetsExchange and Changelly have this option.
The main advantages of fast exchange services:
- Simplicity. The platform interface is as simple as possible. To buy crypto, you do not need to learn the intricacies of trading. You simply fill in the widget, indicating the name of the coin, the amount of the transaction and the direction of the exchange.
- Security. By buying and selling assets, you receive and send money from your own wallet. Most services do not store your money, and therefore you can not be afraid that the funds will be lost.
- Quick registration or lack thereof as such.
- Access to the best rates. Often, such services cooperate with several exchanges at the same time, so users can get the most profitable rates and even choose between several offers.
- Fiat money exchange. Thanks to online services, you can buy crypto assets from a personal bank card, paying for it with your national currency.
- Multicurrency. A large selection of assets is available for purchase, including rare coins. For example, there are more than 2,000 coins and tokens available on LetsExchange.
- Support service.
There are often no limits on the number of trades and/or the swap amount. However, it is desirable to clarify this directly on the site itself.
How it works
Consider the principle of operation of the LetsExchange service using the example of exchange BUSD to BNB. All you have to do is:
- Go to the site and open the exchange widget, which is available on any page.
- Select the rate “Fixed” or “Floating”.
- In the upper field, enter or select from the drop-down menu BUSD for sale.
- In the lower field, similarly select BNB for purchase.
- Specify the transaction amount.
- Specify the wallet address for crediting the purchased coins.
- Press the “Exchange” button.
The search for the current offer that matches the input data, the completion of the transaction and the crediting of coins to the wallet are performed automatically. The service is available without registration and works without restrictions on the amount of the transaction.