What is the best price to exchange FTM to MATIC?

exchange

Cryptocurrency has been declared as a new asset class that investors can use to diversify their investments. Since the market is new to trading, it is also very volatile and can seem to go up and down at much velocity. But investors who have been involved in trading for a few years have already understood that the best way to use the crypto markets is by exchanging coins at the best times to get benefits from both. It may sound not very easy to novice investors and traders, but it is rather very easy and must be done by all investors to book more profits. 

Currently, two coins, MATIC and FTM, have been making ripples in the crypto market with their sudden rise in popularity and price. MATIC is currently amongst the top 20 cryptocurrencies on most live price charts, followed soon by fantom. To understand why choosing these coins for exchange can prove fruitful, you should know about them. . 

What are Fantom and Matic?

Fantom is a blockchain network that was created to address issues that people have with Bitcoin. Because of its qualities, it is sometimes referred to as a Bitcoin replacement. It uses a consensus methodology like Bitcoin’s, proof-of-stake, which makes the network extremely transparent and reliable. It’s a platform where non-fungible tokens may be used to construct decentralised apps, often known as DAPPs (NFTs). The platform aims to solve the scalability, transaction speed, security problems of BItcoin. Fantom recently hit a new high after collaborating with Chainlink, Band Protocol, and Raviton, which piqued the interest of investors, resulting in a price increase. 

In addition, the platform currently supports 300,000 transactions per second, which has boosted investor confidence and interest in the coin.

MATIC is the cryptocurrency of the Polygon Network, formerly known as the Matic Network. It was intended to address performance issues and simplifying Blockchain transactions. The Polygon network has been created based on a similar model of Ethereum. When Ethereum was being used so much that due to high traffic, the network was becoming increasingly slower. Polygon has stated that it wants to complement Ethereum and improve its speed, efficiency, scalability, and usefulness. It will be achieved due to the unique 2-layer network that Polygon works on. The polygon network was created in 2017 in India by Sandeep Nailwal, Mihailo Bjelic, Jayanti Kanani, and Anurag Arjun. 

How to exchange FTM to MATIC?

Exchange FTM to MATIC : As before said, exchanging currencies may be highly profitable for investors, but because it may appear daunting to some, the following measures can be taken:

  • Choose two coin pairs that you want to exchange, like FTM and MATIC.
  • Check the live prices of the coins to estimate the number of coins to be transferred.
  • Enter the wallet address where you would want the exchanged coins to be deposited.
  • Enter the number of coins you want to exchange.
  • Pay the number of coins, and the exchanged coins will be deposited at the desired address. 

The steps are very easy to follow but must be done with care since a slight mistake would lead to the loss of the coins. Also, by following the method of exchange, you can keep your profits on both sides. Unlike traditional stock markets, you do not need to invest in every coin but rather transfer the value to another. When you have got profits from that coin, you may exchange it back or transfer it to another coin. This method can also be used to enter at a lower price which may have been missed earlier. The investor never leaves the crypto market and can keep his investment holdings for the long term. 

Endnote

Be mindful of the fact that you choose a trustworthy and safe exchange platform due to the number of scam platforms that exist today. One platform that allows monitoring of prices like checking Bitcoin live price, CertiK prices, exchange coins, and other features would be a good choice. 

fiat currencies
Crypto

Using Fiat Currency For Bitcoin Trading- Read These Valuable Points

Using mining or making payments you can get bitcoins. You can also get these cryptocurrencies using fiat currencies like the US dollar, euro,yen or any other currencies. Back history of fiat and BTC: In China, fiat currencies have introduced long many centuries ago. People were getting notes in the eleventh century. Later fiat money system […]

Read More
Bitcoin And Ethereum
Crypto

Bitcoin And Ethereum- Here Are The Differences To Know About

With the technological advancement of cryptocurrencies, there is a constant debate between bitcoin and Ethereum among cryptocurrency lovers. But first, you have to know about cryptocurrencies. You should know that cryptocurrencies usually work the same way as normal currencies do. Currencies that do not fall under normal currency are known as cryptocurrencies. The major difference […]

Read More
Bitcoin Vs Precious Metals
Crypto

Bitcoin Vs Precious Metals- What Are The Differences To Know?

Guarding the assets is an art as well as science. You have to have senses about the valued gain. Few principles is needed for you to be tested. Precious metals like gold and silver perform well when there are economic problems. In the time of the stock market about to get collapsed gold and silver […]

Read More