In trading activity, people often convert one digital asset to another to make a profit. Depending on the trading style they choose, the intensity and dynamics of selling and buying digital assets vary. For example, when using a scalping method, traders do many buy and sell actions a day, and the period of holding coins may last even a couple of minutes or seconds (of course, in this case, trading bots are used, for humans are not able to place an order in a fraction of second).
Intraday trading, for example, means that a trader opens the positions on a crypto exchange and closes it within one day. Swing trading gives much more time for thinking, from to weeks. And position trading is a long-term type of investment. All these strategies imply that the trader needs a quality tool to buy crypto and sell it efficiently and quickly right at the time one needs that. The market of digital assets is incredibly unstable – prices change in seconds, so a trader needs a tool to help one proceed with his trading strategies on time. Such a tool is widespread and used across all crypto trading platforms – we are talking about the crypto converter.
How to Purchase Cryptocurrency Using the Crypto Calculator?
That is the most straightforward option to buy crypto. Let’s see how it works in the example of the WhiteBIT exchange. The WhiteBIT crypto converter has the following sectors:
- block to pick the asset you offer to sell;
- block to enter the coin you need to receive;
- block where you should enter the amount of money you are ready to spend;
- block that reflects the number of coins you may buy with your amount.
Below, you will see the current crypto price equivalent to the currency you sell. It may be any crypto asset (supported by the exchange) or fiat currency. Suppose you want to convert BTC to ETH. You pick BTC in the left block column and ETH in the right one. Then enter the number of BTC you want to give, and the crypto converter will display the number of ETH you will get. Don’t forget to pay the fee. Without the commission paid, the transaction will not proceed.
A crypto converter is the easiest way to see the current crypto price and buy or sell assets in a couple of clocks.
