This post will show you how to convert AVAX to BTC.
The existence and functioning of digital money has a lot in common with the functioning of fiat national currencies. In particular, each of the cryptocurrencies is intended primarily for payments for using the blockchain functionality on the basis of which it was created.
To take advantage of the capabilities of a particular platform, you will need to purchase a certain amount of the corresponding cryptocurrency.
Another reason for looking for possible ways of mutual conversion of cryptocurrencies is that digital money is used as an investment tool.
What Is Bitcoin?
Bitcoin (BTC) is so famous and popular that there is hardly a user on the Internet who has never heard of this coin.
Bitcoin is the first successful cryptocurrency, the constant leader of the cryptocurrency market for many years in all key indicators. At the time of writing, Bitcoin’s price has surpassed $ 59,000 and its market capitalization was estimated at $ 1.1 trillion.
The popularity of Bitcoin has become one of the factors contributing to its introduction into the system of payments for goods and services as legal tender. Accordingly, the increase in the possibilities of using BTC along with fiat currency stimulates further growth in the demand for the asset and the price of the coin.
Also, Bitcoin has been considered for a long time as a very profitable investment tool. Of course, BTC is classified as a high-risk asset, like all other cryptocurrencies. It is becoming more difficult to replicate the success of early investors, but it is still possible.
Where to Convert AVAX to BTC?
In addition to being the most expensive cryptocurrency, BTC is also characterized by high liquidity. In practice, this means that you can buy Bitcoin on any cryptocurrency exchange. Moreover, this coin is available on many trading platforms that were originally created for trading forex and other traditional assets.
Existing cryptocurrency exchange site form two broader groups: custodial and non-custodial platforms.
Custodial exchanges generally require an account to be registered with subsequent identity verification. The verification procedure for a new user can include several stages and take up to several weeks. Trading on custodial platforms is subject to mandatory collection of exchange fees.
Among the best custodial services, they invariably appear:
- Kraken. It is one of the oldest cryptocurrency exchanges with an impeccable reputation, one of the first to undergo a cryptographic audit.
- Bittrex. This trading platform provides a large selection of cryptocurrency pairs and a high degree of transaction security. However, there is a limitation on the amount of the transaction: transactions for an amount less than 0.00005 BTC are impossible. Withdrawal of funds is available after account verification.
- Huobi Global is a resource that is close in functionality to classic online exchanges. The site has established itself as one of the most reliably secured platforms.
Instead of studying the intricacies of working with custodian services, comparing conditions, choosing the most acceptable ones, registering, and waiting for the verification procedure to end, you can do it easier. Namely, immediately come to the LetsExchange non-custodial site.
How to Convert AVAX to BTC
The LetsExchange service provides the ability to quickly, easily, and securely exchange AVAX to BTC. You will not need to waste time on registering and verifying your account, searching for the most profitable rate, low commissions. You need:
- Open exchange widget;
- In the upper field, select AVAX for sale and indicate the amount of the transaction;
- In the lower field, select BTC for purchase;
- Indicate the address of your crypto wallet;
- Deposit coins.
You do not need to waste time looking for a deal with the most favorable conditions – the search engine of the service will do it. The system performs all calculations and other actions to complete the swap automatically.
LetsExchange is a platform where trading cryptocurrency is easy, regardless of your previous experience in the cryptocurrency market.