Bitcoin and IOTA are two significant cryptocurrencies in terms of popularity and market capitalization. Although BTC is seen as the king of cryptocurrencies and is the largest according to market cap, IOTA is also a pretty impressive currency.
This article will cover how you can convert or exchange one cryptocurrency to another, using IOTA and BTC as examples, with Godex.io. Godex is the top and one of the fastest exchange platforms you can use to purchase crypto assets.
Step 1: Select the Coin and Amount
First, open Godex.io. On the homepage, you will see the «You Send» field and the «You Get» field. In the former field, you will choose IOTA, which is the currency you’re sending to the exchanger, and the latter field will be BTC. Then, the calculator will show you how much BTC you will get for the IOTA you want to send. If you need to use btc to iota exchange you can just click on the arrows button between the fields.
Step 2: Begin the Exchange
Once you have selected IOTA and BTC as your cryptocurrency pair and input the amount you want to exchange, enter your BTC wallet address. This will go in the destination address field. Always ensure the information you put in the field is correct by cross-checking it.
Step 3: Wait for the Deposit
After you give your BTC wallet address, the exchanger will provide you with an IOTA deposit address. In this address, you will send the amount of IOTA coins you want to exchange and get the transaction ID for reference.
Step 4: Confirmation
Once Godex has received and confirmed your deposit, the IOTA will be converted to BTC. The execution time for Godex is between five and thirty minutes, which means you can look forward to quick and easy exchanges.
Step 5: IOTA to BTC Exchange Process
Godex exchanges your IOTA to BTC by checking for all the best cryptocurrency rates in its partner platforms like Bitfinex and Binance. Then, using the fixed rate with no hidden fees, it will convert your IOTA to Bitcoin. In a few minutes, you will get BTC and your wallet address.
Step 6: Completed
After you exchange IOTA to BTC, Godex will give you the order details. You can click on «Restart Exchange» if you want to keep on exchanging the two cryptocurrencies. Also, if there is any technical problem, you can click on «Support» and receive help from Godex customer service in record time.
With the steps above, you can easily convert and exchange any of the more than 200 cryptocurrencies on Godex.
If you want to start investing in BTC, the best thing to do is visit Godex.io. Here, you don’t have to sign up before you start exchanging any cryptocurrencies, allowing for anonymity when you exchange. It also offers fixed rates, so users don’t have to worry about fluctuations.
There is also no limit on the amount of cryptocurrency you can exchange with Godex.io. Within a few minutes, you can easily exchange any cryptocurrency you want to your benefit.