Solana relies on providing a reliable Web3 infrastructure and a network where developers can host their decentralized apps. The Cosmos platform has a similar goal, with this crypto project made to ensure interoperability between blockchain services and apps. The latter sounds promising, so the idea of converting SOL to ATOM could sound appealing.
If you need a reliable exchange to swap crypto anonymously, you can’t go wrong with Godex. You don’t have to worry about entering personal details — anonymous exchanges provide a service without requiring any sensitive info. Here’s how to make a SOL to ATOM and other trades on DEX platforms like Godex.
What Is Godex?
Godex is an online decentralized exchange (DEX) that caters to the crypto market. It supports over 300 coins, securing access to hundreds of trading pairs. The list includes big names like BTC and ETH, projects like Cosmos, and many promising currencies.
Here’s the list of major Godex benefits:
Secure. Applying the latest security layers and techniques ensures there are no problems with cyber threats.
Anonymous. You can register an account for easier asset management, but that’s only an option. Godex allows you to remain incognito and not provide your name, address, or other details to execute the swaps, making it one of the top anonymous crypto exchanges.
Fixed rates. Godex keeps the rate fixed to protect customers from any asset price changes. It ensures you can plan the profit from a transaction once you decide to go through with it.
Forget about trade limitations. A small minimum exists, but there’s no maximum amount of crypto to trade per transaction or day.
Simplicity and speed. The secret lies in simplicity — Godex has a modern and user-friendly layout appealing to beginners. Experienced investors also appreciate that the platform loads pages fast and transactions are usually completed in seconds or minutes, mostly depending on the crypto network congestion.
How to Make a Successful Swap
Crypto market trading is an art of timing because recognizing the right moment for a swap is how you maximize profit. Even if you pick a reliable exchange like Godex, Coinbase, LetsExchange, etc, it’s vital to confirm the planned trade is a smart move.
Here are the tips to check when converting SOL to ATOM or any other crypto:
Check the latest news and try to identify market trends. Are there any important updates regarding the currencies you plan to swap? Have they affected market demand, and should you consider changing your trading plans as a result?
Assess the coin prices. Knowing the token’s value ensures you understand how much you’ll get during the trade. Most traders pick a fixed rate to avoid worrying about their final profit.
Find a secure wallet for the assets you’ll acquire. Different crypto wallets support different currencies. Make sure you have a suitable storage option for the coin you plan to get. Always pick reputable wallets known for high-security levels.
Double-check relevant charges on the exchange platform. Godex is an example of a transparent platform with a great reputation. However, not all exchanges are like that. Always check the relevant fees, including any gas charges and other expenses included.
As long as you stick to those recommendations, you should be good to go with your swapping.
Step by Step: Exchanging SOL for ATOM
If you confirmed that the SOL to ATOM swap meets the conditions from the previous sections, here are the steps on how to trade:
Visit https://godex.io. It’s Godex’s official website, although you can also use the platform’s Android app.
Pick SOL as the trading token and ATOM as the receiving coin. Notice the “You Send” and “You Get” fields. You’ll immediately see how many coins to expect in return. Feel free to explore different trading options here.
Click “Exchange” and enter your wallet address. The next step is to confirm the rate and enter the address of the wallet where you want to receive Cosmos tokens.
Finalize the exchange. Click “Exchange” once again and send SOL tokens to the specified wallet address.
Be patient until the network finalizes the transaction. You’ll receive an automatic approval after the completion.
Make a Profit From Trading SOL to ATOM
Godex is a great choice for crypto trading since it offers fixed rates and fast trades. The art of being a successful investor lies in choosing the right moment for the swap. Some traders use technical analysis tools, and others trust their gut, but it’s best to mix both. If you believe converting SOL to ATOM is the right move, don’t waste precious time, but go ahead with the trade to try and make a profit!