If you want to convert DOGE to BTC, there are several ways to do it. The most popular one is using a converter in an online cryptocurrency exchange.
Since both DOGE and BTC are cryptos, the best way to make the conversion is on a decentralized exchange that offers an on-the-fly service. One such exchange is Godex.
In this article, we’ll discuss why DEX’s, such as Godex, are perfect for crypto-to-crypto conversions.
Godex Fixes Your Rate
As you probably know, both DOGE and BTC are volatile cryptocurrencies, meaning their price can go up and down in a matter of one minute. Since it takes approximately 30 minutes to process a conversion, many traders end up with a different amount than the one they expected.
However, that’s not the case with exchanges that fix rates, which is one of the main features of Godex. As soon as you initiate the exchange, both BTC and DOGE will have their rates fixed, so you’ll end up receiving the exact amount that you wanted. There are no unpleasant surprises for Godex users.
No Need to Open an Account
Godex is marketed as an on-the-fly exchange, meaning you don’t have to open an account or leave any kind of sensitive info on the site. Just visit the page for the exchange pair, enter the amount you’d like to trade, and the platform will calculate your rate.
After that, you need to enter your destination address (address of the wallet for the crypto you are buying) and start your transaction. The platform will then ask you to deposit from your wallet (the crypto you’re selling), and the trade will take place.
You should always pay attention to fees when trading cryptocurrencies. The good news is that since Godex is a decentralized exchange, it features minimal fees.
How does it manage to achieve low fees? Every time you convert DOGE to BTC, the entire transaction is conducted without an intermediary as the process takes place on a decentralized platform. Therefore, you don’t have to pay for the service as much as you’d pay to a centralized payment processor, such as a bank or a centralized exchange.
No Maximum Limits
Whenever people exchange currencies or cryptocurrencies, they have limits on how much they can convert. These limits exist to keep track of all transactions and lower the possibility of terrorist financing and money laundering. However, the limits usually only cause big traders to lose money as they cannot convert as much as they want.
The good news is that you can exchange as much DOGE to BTC and vice versa using the Godex exchange. Decentralized platforms usually don’t feature maximum limits, which is why many traders enjoy using them.
Godex Is Beginner Friendly
If you’re new to the world of crypto trading, you might get confused when starting your trading journey, as plenty of exchanges feature a lot of graphs, charts, and more. That’s not the case with Godex, as it features an easy-to-use converter that everyone can master in no time.
Of course, if you need charts that show price changes, you can scroll past the converter and look at them. The point is that they won’t distract you, as the platform features an intuitive and sleek interface designed to provide top-notch service to beginners and experienced traders alike.
To sum up, using a decentralized exchange, such as Godex, comes with plenty of benefits and can help you convert DOGE to BTC in a matter of minutes. Feel free to explore how it works and start converting as soon as you get comfortable with using the converter.