Swapping Ftm To AVAX Using Godex.io
You are looking to be active in the crypto market, and the Avalanche platform is attracting your attention. It seems like now’s the right time to swap those Fantom tokens, but what’s the best exchange to convert FTM to AVAX?
The answer is Godex, the leading crypto exchange in terms of security and anonymity. Our guide will tell you everything about the conversion process, and you’ll also learn more about the currencies before going through with the trade!
Godex — Anonymous Platform For Crypto Exchange
Ever since 2018, Godex has been offering crypto exchange services. The platform now supports over 300 tokens, ensuring traders have numerous conversion options available. You’ll find the entire interface is user-friendly, and page loading times are surprisingly fast.
You don’t have to worry about any limits at the Godex exchange. The platform sticks to the idea of giving you total trading freedom and anonymity. You can perform any number of trades regardless of the amounts in each transaction. Godex will even offer fixed rates for a certain time, and that prevents you from market price adjustments.
Security At Godex
The entire point of cryptocurrencies lies in anonymity, and Godex sticks to that rule to ensure maximum user security. You won’t have to register on the website, and the exchange never requires you to provide any personal data. And not providing any sensitive info in the first place is how you achieve maximum security.
How to Exchange FTM For AVAX?
Before you acquire a cryptocurrency, it’s imperative to learn more about it. Whether you’re interested in the price of Bitcoin or the Europacoin exchange rate, it never hurts to do due diligence. Here’s what you should know about FTM and AVAX before you exchange them.
Fantom is among the many networks designed to compete with Ethereum, and this layer-1 blockchain allows the building of digital assets and dApps while optimizing security and scalability. Fantom uses the Lachesis consensus mechanism, which is based on a directed acrylic graph. The purpose is to achieve faster transaction confirmation and block creation.
FTM is Fantom’s native token, and its current worth is $0.3. The coin’s market cap is $900 million, and its ranking is among the top 50 cryptocurrencies in the market. The maximum supply is 3.17 billion FTM, while there are 2.79 billion tokens in circulation.
Avalanche is also an Ethereum competitor, and the layer-1 blockchain’s launch occurred in 2020. It did a good job in expanding its DeFi and dApps ecosystem from then. Many Ethereum projects are integrated with the platform. Avalanche features three interoperable blockchains with different consensus mechanisms to maximize security. Thanks to this task division, Avalanche can process up to 6,500 transactions per second.
AVAX, Avalanche’s native token, is now valued at $13, and it’s among the top 20 digital currencies. It has a market cap of about $4 billion. You’ll now find around 345 million AVAX tokens in circulation, with the total supply being 431.9 billion at this moment, with the maximum supply set at 720 billion.
Godex: Swapping FTM for AVAX
Now that you are ready for the exchange, here’s how to convert Fantom to Avalanche tokens:
- Access Godex via PC, smartphone, tablet, or another device with a web browser.
- Set FTM as the sending currency and enter how many tokens you’d like to send.
- Adjust the receiving currency to AVAX and see how many coins you can expect for the trade.
- Click “Exchange,” and the next page will ask you to enter your wallet’s destination address and other details.
- The system will generate a deposit address where you need to send the coins.
- After the network confirms the deposit is there, it can take some time to complete the transaction.
- The process should be completed in a few minutes, and you’ll be taken to the confirmation page with the results.
That’s it! You can expect to see the coins in your wallet within 30 minutes.
FTM to AVAX: Is It Time for Exchange?
Avalanche seemed to have more success in attracting users as a reliable Ethereum alternative than Fantom. That being said, both platforms and tokens have certain advantages. AVAX is better positioned in the rankings and more valued per coin. That’s likely not going to change anytime soon, so now might be the right time to jump on board and go ahead with the trade. But before converting to FTM to AVAX, make sure to double-check all details once again, and only exchange if you are comfortable with that being the right investment option.