How to Swap ETH to AVAX Safely and Fast?

AVAX, the native token of the Avalanche network, has become one of the rising stars of the cryptocurrency market this year. Launched in the fall of 2020, it has become one of the largest cryptocurrencies in just over a year.

Avalanche & AVAX coin

Functionally, the Avalanche platform is very similar to Ethereum. On it, you can create and host decentralized applications and smart contracts, as well as custom subnets with unique settings and your own tokens.

The main difference between Avalanche and the current version of Ethereum is a much higher transaction processing speed and high scalability. This was achieved through an improved blockchain architecture and Proof-of-Stake consensus algorithm.

Many analysts include AVAX in the list of the most promising investment instruments. Indeed, the platform is actively developing and attracting respectable investors. In addition, AVAX refers to deflationary assets, which fundamentally differs from ETH with its unlimited supply. 

As of today, the inflationary nature of ETH does not affect its value in any way, it is balanced by the reputation and popularity of the coin. However, in the very long term, this feature can play a cruel joke with cryptocurrency number 2.

Where Can I change ETH to AVAX?

In the fall of 2020, major crypto exchanges began to include AVAX in their offer, and Binance was one of the first to do so. Huobi Global, Okex, Gate.io soon followed suit. All these platforms support several trading pairs of this coin, including AVAX / ETH.

Yes, if you are already a registered user of one of the mentioned platforms, you are actively trading on them, or simply keep a certain amount of ETH in the exchange wallet, then changing your coins directly on the exchange is perhaps the most logical and economically viable decision.

However, is this path really the safest? To answer this question for yourself, it is worth remembering that anonymity and invulnerability on the Internet are nothing more than an illusion. And its destruction is just a matter of time. When registering an account on the vast majority of traditional cryptocurrency exchanges, you must verify your identity.

This is necessary in order for the activity of the exchange to comply with the requirements of the legislation, but it contradicts one of the key principles of the crypto world. In addition, reports of hacker attacks, leaked customer databases, and theft of huge sums are not uncommon. That is why it is highly discouraged to keep all your funds in web wallets.

Instant exchange services as an alternative to traditional platforms

In addition to traditional platforms, which are maximally adapted for active trading, instant exchange services such as Letsexchange.io work on the network. They are ideal for occasional exchange transactions.

First of all, you do not have to create an account and disclose personal data. This not only ensures the highest possible anonymity but also saves time. To perform ETH to AVAX swap you need:

• Open sharing widget.
• In the upper field, select ETH for sale and indicate the amount of the transaction;
• Select AVAX for purchase in the lower field;
• Indicate the address of your crypto wallet;
• Deposit coins.
• Press the “Exchange” button.

The Smart Rate system automatically searches and analyzes available offers. The system selects the most profitable deal, recalculates at the current exchange rate and, after confirming the application, automatically completes the transaction. The purchased coins are credited to your wallet.

The platform does not provide client wallets, which means that your coins are always at your complete disposal. They leave your wallet in the seconds it takes to complete ETH to AVAX swap. This means that they are inaccessible to cyber criminals just as much as your wallet is protected.