Any cryptocurrency can simply be held in an investment portfolio, waiting for its price to rise. But if you have a not very famous and not very expensive coin, you are not satisfied with the prospect of waiting for its price rise indefinitely, it makes sense to replace it with another asset.
For all financial transactions, security is of the utmost importance. The speed of the transaction is less critical, but the faster the exchange operation is performed, the less losses associated with changes in the exchange rate of a trading pair.
Where to Exchange VIDT to BNB
Binance Coin (BNB) is created by the Binance exchange team for the internal needs of the largest cryptocurrency trading platform. The popularity of the exchange and the activity of its users stimulate interest in the token, support its upward trend and provide an honorable place in the Top-10 cryptocurrencies in terms of market capitalization and other indicators. It makes sense that as many BNB trading pairs as possible are supported on Binance.
Unlike Binance Coin, VIDT is little known to a wide range of users, its market position is much more modest. It is available for trading on single trading platforms, in particular Gate.io, KuCoin, BitMart and a few more.
How Fast is the Exchange
The transaction itself is performed quite quickly, however, in addition to the technical capabilities of the blockchain, other factors also affect the speed of execution of your application.
First of all, you will need time to find an exchange that supports both coins, make sure of its reliability, study the working conditions.
If you are not already registered with an exchange that supports both coins, you need to register. When registering on custodian exchanges, it is often required to upload a scan of identity documents. It is not too time-consuming, but the subsequent verification of your data can take several days or weeks.
It is worth considering the liquidity of your assets. Assets with low liquidity are usually more difficult to sell quickly and there are situations when you have to wait a long time for the moment when the best crypto swap is possible.
All reputable trading platforms take care of the security of their clients’ funds and personal information. Its reputation and level of trust in the platform depend on it. However, it is very difficult to create perfect protection, and almost every exchange in history has had cases of successful hacker attacks.
This means that your money and your data stored on third-party resources are still vulnerable to some extent.
Is it Possible to Trade Quickly and Safely
These two trading characteristics are achievable on non-custodial exchanges such as LetsExchange. On such services, trading is carried out completely anonymously, without prior registration. The less you disclose your data, the higher your personal safety.
LetsExchange does not provide wallet services to its clients. On the one hand, this can be inconvenient, on the other hand, your coins are kept with you and you control their security as much as possible.
LetsExchange saves you time too. You do not need to fill out cumbersome forms and wait for account verification. You just go to our website and fill in the exchange widget. Search for a platform where direct VIDT to BNB exchange is possible, comparison of conditions, check on the availability of a stock of coins for exchange and all other actions are performed by the program.
A person would spend several hours or days on this, the program searches and analyzes the necessary information in a matter of minutes, and then offers the most advantageous current offer. The exchange and crediting of coins to the wallet is performed automatically.
Please note: This website does not provide financial advice. The above article is contributed and our purpose with this website is to inform.