The bullish period in the crypto market has once again jumpstarted the creation of hundreds of new assets every day. Now, the ecosystem hosts more than 16800 different cryptocurrencies. Consequently, it can become quite challenging to find which ones are worth your time and money and have good profit potential.
To help you with this issue, this article will discuss Tron and Bitcoin, two extremely popular cryptocurrencies. There will be details about their networks, info on how they work and why they are popular, and directions on where you can exchange TRX to BTC with good rates. Let’s get started.
Key Details about Tron
Tron is a smart contract network that was developed by controversial crypto figure Justin Sun. It was released in 2017 as a direct competitor to Ethereum, and, in the beginning, experts highly doubted the viability of this blockchain project. It was hyped up to no end and somewhat failed to reach expectations after the release.
Fast forward to five years later: the Tron ecosystem is thriving. Tron managed to bring cheap and fast decentralized applications onto the market — and self-optimize enough to have very low fees. Today, TRX is one of the most popular low-fee transaction cryptocurrencies, and its blockchain network hosts more than 1000 different decentralized applications on its blockchain, Tron also remains a major player in the smart contract niche.
In 2021, the price of Tron grew considerably and went from a humble $0.01 to a 3-year high of $0.16 per TRX token. While the price has retraced a bit recently, it’s holding strong at around $0.06 now. For more precise exchange rates for Tron, check out info on Godex.io.
More Details about Bitcoin
Almost everyone has heard of Bitcoin by now. Released in 2009, the original cryptocurrency set up a new paradigm in finances and showed us a new way on how to gain and perceive financial freedom. Over a decade, the price of Bitcoin grew from $0.3 to $69,000 and put cryptocurrencies on everyone’s radar.
While crypto investors appreciate altcoins like Tron for their potential, they usually fall back on Bitcoin as a store of value. Once the market starts declining, Bitcoin remains one of the few crypto assets you can rely on. It has survived countless bullish and bearish cycles, and in the long run, its price curve has always followed an upwards momentum.
How Exactly You Can Exchange TRX to BTC with Low Fees
Let’s get to how to convert TRX to BTC as painlessly as possible. Finding the right exchange can be challenging, to say the least, in this highly volatile market: with so many services and platforms dedicated to that, it’s hard to choose the right one, right?
A crypto exchange needs to provide low exchange rates so that you don’t lose your profits when trading. What’s the point of converting TRX to BTC and paying a commission of 5% if that eats up a large part of your gain. Exchanges need to be secure and let you keep control of your funds at all times. Fortunately, Godex is good at both aspects — and has a lot of benefits on top of them.
On Godex, you can swap between hundreds of different cryptocurrencies, completely anonymously. No sharing your credential required — the process is super simple:
- Own some TRX tokens to exchange for BTC. They need to be, obviously, in your TRX wallet. Open a BTC wallet to receive your currency after the trade.
- Select TRX as your sending crypto and BTC as your receiving crypto.
- Provide your BTC wallet address and sign the transaction, sending your TRX tokens to the exchange.
In just a few minutes, you should receive your BTC. It’s as simple as that. You don’t have to create an account, just follow the procedure and you will swap your cryptos nearly instantaneously.
(Note, that if you expect to receive a large sum of Bitcoin, transactions can take longer — usually, the hold up can last half an hour, tops. The reason for it is Bitcoin’s rusty networks everybody’s complaining about. But don’t fret: unlike the other exchanges, this one doesn’t allow your fees to fluctuate while you’re waiting — the algorithm on Godex freezes the fees when you click “Exchange.”)
Is Investing in BTC Still Worth It?
Short answer, yes. Bitcoin has proven to be one of the best store-of-value assets available to us humans. It has managed to survive countless crashes and has a lot of potentials still. That being said, know that, while long-term Bitcoin’s price goes up, this isn’t true for the short-term.
Bitcoin’s high volatility can result in severe losses, and unless you are a seasoned trader, you shouldn’t invest in Bitcoin for a short-term gain. With that in mind, if your investment plan is 5+ years, you’ll most likely come out with some substantial profits out of this investment at the end of that period.
Read: Recent big fall in Bitcoin, cryptocurrency investable in 2022 or not?
