Looking to exchange BinanceCoin BEP20 (BNB) for TRON (TRX)? While there are multiple ways to do this, including crypto exchanges and P2P platforms, electronic exchangers often offer the best rates and lowest fees. This article will explore why other methods like traditional crypto exchanges might not be the most cost-effective. We’ll also discuss the advantages of using electronic exchangers, including optimal conversion rates and low service fees. If you’re planning to make this exchange, read on to learn how to do it efficiently and profitably.
You can carry out a financial transaction in different ways if you need to exchange BinanceCoin BEP20 (BNB) to TRON (TRX). For example, you can use the functionality of cryptocurrency exchange offers posted on the P2P exchange platform.
However, the optimal solution is to conclude a transaction with an electronic exchanger selected on the BestChange monitoring portal. Take any exchange offer as an example and note that cryptocurrency’s rate is set at quite favorable levels. And this is not the only advantage of exchangers.
Why is it not profitable to use other options?
Let’s start with crypto exchanges. Platforms often charge a high commission for replenishing the balance from the wallet of the Qiwi payment system. Plus, placing an order for currency exchange causes a lot of difficulties for many users.
If a market type of order is considered, its benefit is in question – execution occurs on the currently relevant conditions for the market. Limit orders allow you to exchange assets more profitably, but the process often takes a long time.
And, if you plan to store cryptocurrency on a third-party wallet, you will need to withdraw the coins from the exchange account – you will also most likely have to pay for the withdrawal.
The functionality of P2P exchange platforms is used even less often because transactions are offered by individuals seeking to get maximum earnings. Service providers select courses and commissions to increase their income without considering the benefits of cooperation for the other party.
Advantages of cooperation with exchange services
It is much more profitable to work with exchangers. Such services:
- set optimal conversion rates using current figures, as mentioned above;
- They charge a small fee for services provided. Plus, the exchange is carried out in one transaction. The cryptocurrency is immediately credited to the desired wallet. Therefore, additional financial transactions, as on cryptocurrency exchanges, are not required;
- may provide the opportunity to use the option of fixing the rate upon application, which reduces the likelihood of changes in the transaction amount provoked by fluctuations in the value of the TRON cryptocurrency.
Additional benefits can be noted in the course of long-term cooperation with a specific exchanger if the service provides a bonus program for regular customers. The more often you have to work with the selected contractor, the more bonuses the partner will provide. Bonus accruals can be applied to obtain a discount or receive other privileges.
Plus, most exchangers have profitable affiliate programs available to everyone. By inviting new clients to sites, people receive additional income.
Additional information about the exchange
To make the exchange from Binance Coin to TRON as profitable as possible, it is not enough to simply choose the appropriate method for converting assets. It is also necessary to pay attention to the selection of time for organizing a transaction because the cryptocurrency in question is characterized by high volatility.
The value of a coin can change within a few days. If you plan to exchange many assets, the price difference will be noticeable. Therefore, try to choose the moment when the transaction can benefit most. A cryptocurrency exchange rate chart will help solve the problem.
It is best to exchange Binance Coin cryptocurrency at the time of a significant drop in the asset’s value. Of course, it is impossible to determine exactly when the price will reach a possible minimum. But if the price has been trending downward for quite some time, this is already a good moment to conclude a deal. Soon, the price will most likely begin to rise again.