USDT is a well-known stablecoin with a value of approximately $1. Investors love to hold their assets in USDT since this cryptocurrency is almost invulnerable to price fluctuations. But what if one decided to trade it for AVAX? For example, to diversify their portfolio or to benefit from AVAX volatility.
Let’s review important aspects to pay attention to before making such a transaction. There will also be an overview of exchange platforms to trade USDT to AVAX, and a simple, step-by-step guide on how to do so using the Godex platform.
What Factors to Consider Before Making a Transaction?
Before going any further, you should review important nuances to keep in mind:
- Transaction fees. Cryptocurrency exchanges commonly stick to the maker-taker fee model in which both transaction participants are charged. The vast majority of vendors offer percentage trading rates that may vary significantly. Find an optimal balance between an exchange platform’s reliability and the fees charged.
- Platform anonymity. In case you are not willing to pass ID verification, consider using a completely anonymous platform. This way you will not share any personal information with a service provider.
- Security of your wallet. Make sure that you use a hardware or software wallet that is reliable enough. Alternatively, store your private keys printed on paper.
- Crypto price volatility. Cryptocurrencies are naturally prone to market fluctuations. It’s not the case for USDT because it’s a stablecoin. However, make sure that you conduct a transaction at the moment when the market benefits your trade and offers reasonable prices for the desired crypto.
Conducting crypto transactions is a no-brainer if approached wisely.
Where to Exchange USDT for AVAX?
Without further ado, the easiest way to swap your crypto is to use the services of an exchange platform. There are centralized sites that are governed by a company and decentralized ones that feature a smart contract system and do not have a company in charge. Besides, some exchange platforms are hybrid meaning that they combine features of the two.
In any case, all service providers enable you to exchange one crypto for another or purchase crypto at a market price. Of course, you’re obligated to pay fees for such transactions.
You’re highly advised to choose trustworthy platforms that have been on the market for years and have positive reviews. This will minimize the risk of fraud.
How to Trade USDT for AVAX Via an Exchange Platform and Get Profit?
Let’s proceed with a classic anonymous crypto swap using the Godex platform as a benchmark:
- Select the USDT to AVAX crypto pair. Make sure you indicate the right coins in the “You Send” and “You Get” fields.
- Input the desired amount of coins to exchange or receive. Exchange rates will be computed automatically by the built-in calculator.
- Check the rate to ensure that you’re fine with the offered numbers.
- Enter your crypto wallet’s address. Note that you’ll receive the crypto in this wallet.
- Press the confirmation button.
- Send the specified amount of coins using the indicated deposit address. Note that the offered rate is fixed for only 30 minutes.
- Wait for the confirmation and for the transaction to be processed.
Pay great attention to each of the described steps to avoid any misunderstandings or input errors. Use exchange calculators to ensure that you are using the platform with the most beneficial rates.
Summary
In essence, exchanging USDT for AVAX is simple due to the stable nature of the former. Still, you need to check the market price of AVAX as it tends to fluctuate heavily. It is advisable to do it before every trade. Besides, you should ensure that you are using the services of a trusted platform so that your assets are not at risk. If anonymity is your priority, pick a decentralized provider that does not require ID verification or registration.
Consider following this step-by-step guide detailed for the anonymous Godex platform. These steps are valid for most exchange sites as well.