Whether you are an experienced trader or are going to swap your coins for the first time, you want to do it in a safe place and with the best rates. That’s why choosing the best BNB to MATIC exchange is important. But how to choose the best one among a huge variety of absolutely different services? Let us have a look.

Instant or Traditional Service?

First of all, decide whether you want to use the services of a traditional or an instant platform. Traditional platforms can be characterized by the following:

• There, you will be asked to register an account and to verify it. Otherwise, be ready to face significant limitations.

• You will have to deposit funds to the wallet offered by the company. Only after that, you can move on with the swap. Most services charge a withdrawal fee if you move your funds from your wallet to either another wallet or withdraw them to a bank account. 

Along with these inconveniences, you can count on a number of benefits. 

• So, most traditional exchanges provide you with an opportunity to deal with fiat money. 

• Such services use their own liquidity pools to perform transactions. So, you do not have to wait until a transaction is confirmed on the blockchain. Neither you have to pay blockchain fees.

Instant exchanges are created to address the issues users face with traditional exchanges. So, if you use an instant service, such as LetsExchange – cryptocurrency exchange online, you can count on:

• Complete anonymity of every transaction. You do not need to provide any information. you aren’t asked to register an account unless you decide to do so on your own to enjoy additional benefits.

• No liquidity issues. An instant exchange pulls liquidity from major liquidity providers. So, it picks a deal on the platform where there is enough liquidity to complete your swap.

• Non-custodial services, literally. You do not keep your funds somewhere in the company’s wallet. You keep your crypto coins in your wallet. So, nobody has access to your private keys. 

• The best rates available in the market. Instant services monitor the major liquidity providers and pick the best deals for their clients. It means that you can count on the best exchange rates available at the moment. 

• No limitations are imposed on your transactions. You can swap as many coins as you want, as many times as it is needed. 

• Finally, instant exchanges offer a vast majority of cryptocurrencies. You can easily swap a couple of hundreds of coins there.

Of course, there is no such thing as a perfect platform for your every transaction. So, we recommend several options. So, traditional exchanges are good for day trading and if you prefer to keep your funds by hand in case the situation changes for your benefit. Instant exchange services are perfect for those who want to make sure their funds are safe, and any swap is possible to do within a couple of seconds. For everybody, there is a perfect option out there.