It seems that the crypto markets are slowly coming out of a challenging crypto winter. After the bull market of 2021, the past 1.5 years have been pretty taxing on investors’ portfolios.
Top cryptos like MATIC and BNB have conserved a good portion of their value, despite heavy retracement. What’s more, MATIC has been able to build some incredible foundations for the upcoming bullish cycle through crucial partnerships with the likes of Coca-Cola, Reddit, and Nike.
Consequently, many investors are looking to convert BNB to MATIC and prepare themselves to capture the potential upside momentum. To help you with this, we’ve made a selection of three reliable platforms to swap between these assets.
Platforms to Exchange BNB to MATIC
While converting BNB to MATIC could be easily done through some centralized exchanges (CEX), there are some caveats that come with this convenience. First of all, popular CEXes like Binance require a full KYC procedure for you to be able to use their services. While this is not an issue for certain investors, not everyone is comfortable handing over their personal information to a centralized entity.
Moreover, these exchanges’ services aren’t always available worldwide. This means that if you are in a restricted region because of regulation, you won’t be able to proceed with your swap. For this reason, we selected three platforms that focus on user experience and provide you with worldwide services, without registration requirements.
Godex
Godex is a privacy-focused platform where you can exchange hundreds of different cryptos. On Godex.io, you will be able to swap every listed cryptocurrency, regardless of the blockchain or network they reside on. For instance, a BNB to MATIC swap is as seamless as possible, without additional steps needed. What’s more, the absence of KYC allows you to access Godex services without registration.
You won’t need to provide anything other than your blockchain address where you will receive your MATIC tokens. This allows you to separate your personal information from your crypto holdings, adding another layer of security. Additional benefits of Godex include limitless exchanges. This means that there’s no upper limit when exchanging digital assets, allowing for large transfers in a single transaction. As a result, you will save a lot of time and money on transactions, making the user experience much more pleasant.
Simpleswap
Simpleswap is similar to Godex in almost every way, allowing you to swap assets across blockchains without registering an account. As its name suggests, this platform emphasizes its simplicity, making it even more accessible to beginner traders. The exchange also provides an option to register and get SWAP tokens as a reward for utilizing their services. It offers cashback in either SWAP or BTC, depending on the loyalty program you choose to subscribe to.
Letsexchange
Letsexchange supports more than 2,000 cryptos, allowing you to trade assets across almost all the industry blockchains. It provides both floating and fixed rates, allowing for some flexibility depending on the market’s volatility. For users that want to build their own crypto communities, the platform also offers an affiliate program.
You can use their API and integrate their widget into your website, allowing your community to trade tokens safely and without KYC. Finally, it’s worth noting that Letsexchange also provides a decentralized exchange platform. That said, this DEX is limited to only a few blockchains, mainly BNB, Optimism, Arbitrum, Polygon, and Ethereum, and doesn’t allow cross-chain transfers.
Make Profits From Trading BNB to MATIC
So, is this the right time to make some profits by swapping BNB to MATIC? Polygon is advancing at incredible speed in the space. It launches new scaling solutions for Ethereum, positioning itself as an industry leader. With BNB having reached the top 5 already, MATIC could have more upside potential in the upcoming bullish cycle. The choice is yours, but make sure that you have weighed all pros and cons. If you a beginner investor, remember that you should invest what you can afford to lose.
