Looking to trade your BNB holdings for FTM? You are in the right place. We will show you how to convert BNB to FTM at anonymous crypto exchanges in our comprehensive guide. We will also explain how to select crypto exchanges that do not require to pass KYC (Know Your Customer) requirements and have no sign-up.
What Is Binance Coin?
BNB was launched in 2017 by Binance. At first, BNB was an ERC-20 token. The initial coin offering distributed 10% to angel investors, while 40% was supplied to the founding team. The remaining BNB offerings were given to the general public of interest.
Binance Coin is used as a utility token for the crypto exchange. You can use BNB to pay for the cost of transactions and trading fees at a lower rate than other coins.
You can get Binance Coin from selling or exchanging other coins at the exchange. You can also pay for it fiat.
Bear in mind that certain crypto exchanges have not listed BNB on their platforms. The coins run on their own blockchain networks. You can only get BNB from platforms that are compatible with Binance Smart Chain, a decentralized finance platform.
What Is Fantom (FTM)?
The Fantom blockchain network is a decentralized open-source platform with smart contracts, made for decentralized applications. It went live in 2019 to be an alternative ecosystem to Ethereum.
Its native utility token is FTM that powers the overall blockchain ecosystem. FTM tokens can be used for governance, staking, and for paying fees on the network. Fantom is available as an ERC-20 token, a BEP-2 token on the Binance ecosystem, and an Opera Mainnet token.
FTM provides you with a lucrative and dynamic staking structure. You can get rewards for staking FTM tokens with a validator node, and you can exploit the network’s Fluid Rewards if you choose to lock your tokens.
You can get FTM tokens from converting existing cryptocurrencies at an exchange such as Binance. You can also convert BNB to FTM at an anonymous crypto exchange and take advantage of the high-performance network established by Fantom.
How to Define Best Anonymous Crypto Exchange?
Anonymous platforms let you trade or convert your virtual currency for another. While most exchanges will ask you to sign up and adhere to KYC policies, anonymous exchanges allow you to trade cryptocurrencies without any restrictions.
Certain parameters should be looked at first before you dive in. These parameters include:
- Selection of Coins
Some exchanges feature a wider selection of coins for trading. Others only have a certain number of altcoins for trading and those with prominent names. The best exchange should consist of a wider range of coins for trading instead of a select few.
- Low Fees
The cost of transactions and trading fees are two core aspects that should be prioritized. Most exchanges have a vast selection of coins, but the trading fees can be exponentially high. Low fees can save you quite a sum on trading cryptocurrencies.
- Trade Execution Speed
Trade execution speed should be quick. However, crypto exchanges, especially anonymous exchanges, can slow down on rare occasions. But the overall execution speed should be adequate, so it does not consume too much of your time.
- Security of Digital Currencies and User Data
Anonymous exchanges are decentralized and provide peer-to-peer services. Traders come and go, transactions are direct and transparent, and user data is safe in case of attack due to decentralization
You can convert BNB to FTM at Godex anonymous exchange that offers fast trading services at fixed rates and no limit on volume.
How to Swap BNB to FTM With No Verification or ID?
Swap BNB to FTM quickly and securely on this page: https://godex.io/exchange/bnb-to-ftm. No verification or ID is required for the execution. Simply put in the amount of BNB you wish to swap for FTM, and it will show you how much Fantom you will receive. Easy, reliable, and secure, the conversion procedure does not include any KYC requirements.
Swapping BNB to FTM has never been easier with anonymous exchanges. You can trade tokens without verification requirements on the go and not worry about third-party intervention. Be sure to look at the parameters of a solid exchange platform before trading, so that you are sure your assets are safe and you are getting the best deal possible.