Meta Title: WAX to DOGE Exchange | How to exchange WAX to DOGE?
Meta Description: A brief overview of WAX and DOGE digital assets and the ways to convert them.
Gaming is one of the fastest-growing areas that also need decentralization, especially when it comes to asset exchange. WAX (World Asset exChange) is a new platform designed particularly for gamers, wherein they can exchange virtual goods.
The WAX cryptocurrency is developed for settlement between gamers. It is very popular among users, and WAX’s daily turnover exceeds $43 million. The coin is ranked 137th in the global cryptocurrency rating on the Coinmarketcap website.
DOGE cryptocurrency is based on the Litecoin protocol. Being a standard fork, the coin copied the parent cryptocurrency in a blockchain building and confirmed mining.
The main difference was the atypical attitude of the community. Created as part of a dog meme, it quickly gained publicity.
In 2021, DOGE showed explosive growth. In the first three months, its rate soared 170 times. Moreover, Elon Musk contributed to the coin promotion, which most likely caused the sharp upward movement.
In this article, we will talk about the ways to convert these coins. Each has advantages and disadvantages. After reading this content, you will know which services are suitable for you and which are not.
The Ways to Convert Cryptocurrencies
Numerous exchange platforms fill the cryptocurrency market, offering conversion services under different conditions. However, for a beginner in the industry, it is fairly complicated to find out which site is worth consideration and which may cause confusion.
So we offer a few points to pay attention to if you only begin to engage in the crypto industry:
- What is the level of a platform`s security? Find the information on hacker attacks it was susceptible in the past
- What is the work speed?
- What is the commission on the site?
- Is it convenient to use and understandable?
- Are there any crypto assets available?
- Is KYC procedure necessary on the site?
Once you find out the answers to these questions, you will have a clear picture of the site. Regarding the last issue, the KYC procedure that stands for “know your client” is usually required on centralized exchanges.
It means you should send your photos and documents to the main office to prove your identity. It may take some days or even a week in some cases. If you are an experienced trader, you will not likely read anything new here, and you probably already have a verified account.
But if you are a beginner and just want to carry out a simple swap, you, of course, do not need to pass verification. Instead, do your search through the decentralized exchanges that do not demand any confirmations and sometimes do not even ask for your email address.
If you are willing to convert WAX to DOGE and maintain anonymity, you may use the Godex.io platform. The site does not collect or store users’ money, as they only move between them in the process of exchange.
Besides, you do not provide your information to the site, which means your safety is protected. What is good about Godex, the platform is not susceptible to hacker attacks.
Once you fill in the information about the exchange, you will see the fee you got to pay for your transaction. Transparency is one of the main advantages of the Godex platform.
How to Convert WAX to DOGE
The Godex exchange offers using a convenient calculator to swap coins. Follow the steps and convert WAX to DOGE easily:
- Go to Godex.io and find the calculator tool. You will find out it is pretty convenient and user-friendly. You will handle it easily, even if it is your first time.
- Pick the asset you would like to sell in an appropriate list. In our case, it is WAX.
- Pick the coin you want to gain in the right column. It is DOGE.
- Indicate how many coins you want to receive.
- The Godex algorithm will offer the best rate on the market in real time. If the price suits you, click “Exchange.” If the current rate does not suit you, wait for a while, and the site will upload new information.
- Enter your wallet address. Be incredibly attentive because even a single mistake can lead to failure.
- The exchange usually takes 5 to 30 minutes.
Based on the foregoing, we may conclude that decentralized exchanges are much more convenient and safer than their centralized counterparts. Using DEX, you do not run the risk of compromising your data or becoming a victim of a hacker attack.
Furthermore, the Godex platform is excellent for converting WAX to DOGE, BTC to ETH, CAKE to TRX, and other cryptocurrency pairs.