When you are going to swap USDT to CAKE, you need to find a reliable service that supports both coins. Doing it is not so easy because there are a lot of services offering their services online. So, here, you can find some tips on how to find the best platform and how to perform a swap easily and effortlessly.
How to Find a Reliable Service
First of all, you need to select whether you prefer to use a traditional or an instant cryptocurrency exchange platform. Whatever platform you choose, you shall check whether:
- The service is reliable. There are a number of independent services where you can check reviews published by users. Check what reviews customers publish. If there is any negativity, check how the platform communicates with its users and whether it solves the issues. If you see multiple complaints, and the service doesn’t seem to care about them, do not use the service.
- The service offers profitable rates: this is a feature pertinent to instant exchanges. They monitor deals on different traditional exchanges and pick the best deals for every swap. That’s why their clients can count on the best conditions.
- The platform is easy to use. If you cannot find out how to use the service, you won’t be able to use it efficiently.
- The company’s customer support is available whenever you need it. Check whether there is a chat online and whether it functions properly. Ask questions, test the service.
Once the needed service is found, you can proceed to swap your coins.
How to Swap – Process
The exchange process is almost the same on different platforms. You have to perform the following steps to swap USDC vs USDT:
- Choose the coins to sell and purchase, indicate how many coins you want to sell.
- If available, check what rate you prefer: a fixed one or a floating one.
- Copy the receiving wallet address. There, you will get your coins after the swap is completed.
- Make a deposit requested by the system to the provided wallet. This money will be exchanged for the needed coin.
- Finally, receive the coins to the wallet you have indicated.
- If available, download the exchange receipt. Some platforms offer this option while others do not. In the receipt, you will see all the information about your transaction.
Benefits You Can Count on
If you value anonymity and limitless swaps, your choice is an instant exchange. With it, you can count on a number of benefits such as:
Complete anonymity of every swap. You aren’t required to provide your sensitive information.
Non-custodial services. The platform doesn’t keep your funds. You are the only one who manages them.
The best rates. The service cherry-picks the best rates in the market for every swap.
Easy-to-use interface. An instant platform tends to be a perfect place for swapping coins for both specialists in crypto-trading and beginners. The interface is amazingly easy to use, and the availability of different statistical data provides the needed information to handle each swap successfully.