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The competition among blockchains supporting smart contracts is fiercer than ever. Fantom made decent success in the crypto industry, but if you believe this is its maximum, you might be thinking about a trade. Wrapped Bitcoin can be a smart investment since it enables BTC utility on Ethereum network. If that combination sounds good, we have a guide on converting FTM to WBTC on a reliable anonymous exchange. Here’s everything to know about this transaction on Godex platform!
Why Choose Godex for FTM to WBTC Swaps?
Godex has been around since 2018. For years, it has been the leading choice among thousands of users looking for a non-custodial exchange. Here are the main advantages of Godex:
- Anonymity. Godex promises maximum privacy and fulfills that by never requiring a single personal detail. You can trade without even providing an email address, let alone passing the Know-Your-Customer program by uploading personal document photos.
- Fixed rates. If you see a rate that works out for you, it’s possible to lock it and keep it for the trade. That way, you receive guaranteed coins in return without worrying about market volatility.
- Speed. Godex processes transactions swiftly, and most transfers finish in seconds or minutes. That ensures the trades occur as you planned with your investment strategy, which is important for day and short-term traders.
- Security. Apart from decentralization, Godex maintains a high security level. It does that by applying robust encryption measures and the latest security standards.
- Wide asset support. You can trade Fantom and Wrapped Bitcoin, but Godex supports hundreds of other cryptos. That means you have thousands of trading pairs at your disposal on a single platform.
Step-by-Step Guide to Swapping FTM for WBTC on Godex
Are you still wondering if FTM to WBTC trades on Godex are that simple? Here are the detailed steps that will explain how easy the process is!
Step 1: Visit Godex
You can do this by entering https://godex.io/ in a web browser on your mobile or desktop device. If you’d like an even more intuitive interface on the go, you can download the Godex mobile app. The app is free for Android.
Step 2: Choose FTM As the Sending Asset
The default currency in the “You Send” field is Bitcoin. Click there and pick Fantom from the dropdown menu. You can type FTM if it’s easier for you to find the asset that way. Now, enter the coin amount to trade. The current minimum sum is 130 FTM coins, but you can increase it without restrictions.
Step 3: Pick WBTC As the Receiving Currency
In the field “You Get,” you will see XMR as the receiving currency. Click to change that and find WBTC in the dropdown menu. You can also pick the network where to receive WBTC, such as Ethereum. Godex will now calculate and display the amount of WBTC coins you’ll receive for the FTM sum you want to trade.
Step 4: Pick Between Fixed and Floating Rates
A floating rate depends on market volatility, so the price can change any second. It’s better to go with a fixed option since it guarantees you’ll get the displayed coin amount.
Step 5: Initiate the Trade and Enter Wallet Details
Click on Exchange and the platform will take you to the next screen. It’s now necessary to confirm all details and enter the WBTC address.
Step 6: Send FTM to the Specified Address
Godex will now generate an address where you’ll send FTM coins. After completion, the system will automatically confirm that everything went as expected.
Step 7: Wait for Transaction Finalization
The exchange will now proceed to convert your coins. Once the transaction finishes, Godex will confirm that on the screen. You can check your wallet and coins will be available there soon.
Pros and Cons of Swapping FTM for WBTC on Godex
Pros
- Transactions are anonymous and secure.
- Your personal data remains safe because you never need to create an account.
- Competitive exchange rates and transparent pricing.
Cons
- If you make a mistake when typing wallet addresses, you can lose those funds
- The platform doesn’t support fiat currencies
FTM to WBTC on Godex: A Reliable Choice
Godex is a reliable, fast, and affordable crypto exchange. It works 24/7 and you can count on speedy transactions at all times. The fees are transparent and low, and all user details remain anonymous. The non-custodial manner means that Godex never gets a hold of your currencies. Trades are direct, so you keep control of your coins at all times. FTM to WBTC trades are effortless and you can initiate them in a few clicks. It’s possible to trade via Godex website or mobile app, which makes transactions simple to handle on the go!
