June 19, 2024

Today, the two most popular and well-known digital coins are Bitcoin and Ethereum, and everyone’s attention is riveted on these cryptocurrencies.  Therefore, it is not surprising that the ltc to btc converter is one of the most popular, along with the conversion of crypto to fiat money. 

What are the ways to exchange cryptocurrency

 Given the prevalence of Bitcoin and Ethereum digital coins, almost all services support this pair in both directions.  The user can choose the most convenient and profitable way to exchange cryptocurrency data.  Among the most popular options are the following:

  • conversion through a cryptocurrency exchange;
  • using the services of online exchangers;
  • exchange within a cryptocurrency wallet.

 Each of these methods has its own disadvantages and advantages, therefore, before converting a crypt, it is advisable for the user to study the conditions offered by the services.  We will focus on each of these possibilities.

This summer, the cost of using the Ethereum network is higher than ever.  According to analysts from Glassnode, fees on the altcoin network are growing at a tremendous rate again.  Last week, in just one day, the volume of gas used reached the equivalent of $ 8 million.

Why Ethereum fees are growing

 Of all the fees on the Ethereum network that have been paid since the beginning of August, 14 percent went to miners from users of the stablecoin Tether.  By the way, the share of all other stablecoins in the volume of commissions this month does not exceed 1 percent, that is, USDT based on this blockchain is in the lead without any objections.  For regular transactions of Ether and ERC-20 tokens, approximately 20 percent of the commissions are spent, Decrypt reports.

 Today, the cost of gas in the Ethereum network reaches 92 gui.  For a guaranteed fast transfer, you will have to pay at least 116 gui.

Bitcoin began to grow in December, breaking the $ 20,000 mark for the first time in history. On the morning of January 3, the day of its 12th anniversary, the cryptocurrency broke through the $ 34,000 mark, setting five consecutive cost records in less than a day.  On January 4, the rebound began when the price dipped to $ 29,000 – more than 13 percent.  According to Forbes.ru, it was traded on the largest cryptocurrency exchange Binance at a price slightly above $ 35,500 per virtual coin.  The CoinMarketCap portal, which calculates the price of bitcoin on 20 virtual exchanges, at about the same time gave out a figure of $ 35,687. Thus, during the day from 4 to 5 January 2021, the main cryptocurrency of the world has risen in price by 11.16%.  The Bell has also begun to invest in bitcoin, according to The Bell, and the “kings” of Wall Street, such as the famous Paul Tudor Jones, who predicted the “Black Monday” of 1987, or the investment director of Guggenheim Investments Scott Meinerd (who said in December 2020, in  the beginning of the first wave of growth that bitcoin should be worth about 400 thousand dollars). 

Select the coins to be exchanged.  For example, you want to exchange LTC for BTC, for this on the left in the exchange window you enter LTC and the amount, on the right select BTC, the exchanger calculates the rate.  If the course suits you and you agree, click the exchange button.

Godex.io also has an affiliate program for partners.  Each partner receives a 0.0005 BTC welcome bonus from our platform upon registration.  You also have the opportunity to earn from 0.45 to 0.6% commission from each exchange that will be carried out through your affiliate link.

1 thought on “Bitcoin, ethereum and litecoin are going absolutely crazy

Comments are closed.