Since November 2020, Bitcoin (BTC) has been on a bullish spree, rising from the $10k level to over $60k. With such a bullish display, it has become clear to everyone that Bitcoin is here to stay, and investors all want a slice. If you want to make a MIOTA (IOTA) for BTC exchange, this article is for you.
In addition, you will find out why Bitcoin is the best option for cryptocurrency investors and how to trade Bitcoins for MIOTA.
Why Get BTCs Now?
When it was developed by Satoshi Nakamoto in 2009, Bitcoin did not have any value. In 2010, the price of the cryptocurrency increased to $0.08. In August 2013, many other cryptocurrencies had been created, but Bitcoin was still leading at $1,124, reaching $19,800 by 2017.
The price of Bitcoin was $18,500 in the last quarter of 2020, but at the time of writing, it was in the $58,505.28 to $60,267.19 range. Because of the high price and trading volume, Bitcoin is the most liquid cryptocurrency on the market, and BTC’s price is still going to keep increasing.
Choosing a Platform for MIOTA to Bitcoin Exchange
Types of Exchanges
There are three major types of exchanges for Bitcoin and other cryptocurrencies. These are centralized, decentralized, and hybrid exchanges. Each one comes with a list of advantages and disadvantages you need to consider before you choose a platform.
You hand over your money to centralized exchanges, trusting that they will keep it safe while you make trades, buy, or sell Bitcoins. Decentralized exchanges allow you to make peer-to-peer transactions without third-party interference.
Hybrid exchanges combine elements of centralized and decentralized exchanges, giving you the best of both worlds.
Key Factors to Consider When Choosing a Crypto Exchange
- You should consider the trading fees and go for exchanges with low fees.
- Pick the exchange with the best security measures to protect your assets.
- Check the liquidity and trading volume of the exchange.
- Perform your exchanges on reputable platforms.
- Go for an exchange with fast transaction speeds.
- Check the user experience and make sure the exchange is user-friendly.
- Anonymity should also be considered, since anonymous exchanges protect your privacy more.
How to Conduct a MIOTA for BTC Exchange
- Visit Godex.io.
- Choose the MIOTA to BTC exchange pair (the expected amount of BTC should appear instantly).
- Enter the wallet address.
- Confirm that the wallet details are correct.
- Make the deposit.
- Conduct the exchange and expect the BTC equivalent of MIOTA to appear in your wallet.
People looking to exchange their IOTA coins for Bitcoin should choose a reliable service, considering the factors above.
Recently, Bitcoin started its bull rally and became a very desired digital asset. So, if you decide to exchange MIOTA for Bitcoin, it can be easily performed on Godex.io.