Cryptocurrency converter tools play a vital role in the exchange routine. They can either help you make the right choice and speed up transactions or make them more complicated and burdensome.
Choosing the perfect converter to swap ETH to Bitcoin isn’t easy. However, this short read will shed some light on the topic of looking for worthy sites not just for making exchanges but also for calculating profits and tracking prices. So let’s see what a decent converter must-have.
What features you should look for in a cryptocurrency converter: Feature overview and examples
Besides a widget that can calculate the profit from selling a particular digital coin, in an online converter, there should be other features such as:
Total security and clean history
The service should be transparent about the security algorithms it uses, has an SSL certificate, uses encryption, and be serious about log-in verification. Ideally, this service should be the one that could withstand cyber-attacks and hasn’t lost funds before.
Tracking and checking instruments
Besides calculating, you should track what stage your exchange is at. You should get receipts where all transaction details are present.
Good exchange rates
Be careful as it isn’t widely available to pick the best rate in real-time. Still, this feature is a must for profitable exchanges, so look for it well.
Adequate size of fees
The size of exchange fees shouldn’t be fixed, for example, like at the crypto exchange platform Letsexchange. There platform where you can swap over 300 other cryptocurrencies only with network fees and save money on such transactions.
Here the size of the fee depends on the chosen trading pair, and the calculator will help you see how much profit you can get from the exchange: the sum you see in the calculator already includes all commissions so you can swap BTC to ETH confidently.
If you look for reliable exchanges with the calculator function, have a look at these:
Coinmama
This leading exchange platform can help you know the exchange rates, check prices in real-time, compare exchange rates of a few cryptos, and buy them while the price is suitable – all in all, do everything to head off to the profitable trade.
Kraken
On Kraken, the profit and loss calculator might seem a little more complicated, but it gives accurate results, so we think it is a worthy option. Find it in ‘Tools’ and count the profits in different scenarios, such as during long or short trading.
Another worthy place to count your potential wins before your trade is the famous CoinMarketCap.
CoinMarketCap is often considered the competitor for exchange services, while in reality, it is more a platform to educate crypto users and help them enrich their cryptocurrency portfolios. This popular instrument is leading users to converters by showing them real-time data about 24 h trading volume, coin liquidity, prices, etc.
This tool can track cryptocurrencies and NFTs and can accurately calculate how much profit you will get from this or that conversion if it takes place right now.
Only with the tools, we mentioned in this review you can perform lucrative trades and enjoy calculating instruments at online exchanges.