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How it Works – Here are 5 simple steps to exchange cryptocurrency with Godex.
- Choose the currency
For example, let’s swap Bitcoin to Ethereum. In “You Send” field, choose “BTC” from the drop-down menu and type the amount of coins you’d like to exchange. Then, in the “You Get” field, select “ETH”. After that, the “You Get” field will automatically calculate the amount you will receive. Then click the “Exchange” button.
- Enter wallet address
Fill in the “Destination address” field with your Ethereum address. Then specify your BTC wallet address in “Sender address” section below (it may be used as a refund address if it is needed). Check all the information carefully and click “Exchange”
- Waiting for Deposit
Godex will generate the Bitcoin deposit address for you. Send the necessary amount of cryptocurrency to it and after we receive your coins, the exchange process will begin
Let Godex do all the work on the finding the best rates on the market and processing exchange as fast as possible. Your ETH will be sent to you just in a few minutes.
After the exchange is finished, you can view the results in details on the “Completed” page. Registration, setting limits or collecting your data? We don’t do that here. That’s it. Simple, trusted, fast.
Godex.io is an online cryptocurrency exchange service, which will provide you with anonymous, safe and fast cryptocurrency swaps. You can choose from more than 170 coins, and we are constantly expanding this list. Godex does not require any personal data, no accounts or registrations. There are no exchange limits. The only minimum amount of payment for your transaction to be included in the network. Fully automatic exchange system with no place for human factor error. 24/7 support. Our managers are always ready to help you and answer your questions.
To provide you with the best on-the-fly exchange experience, Godex system in real-time tracks best rates on platforms like Bitfinex, HITBtc, Binance, and many other partners. We’ve made the exchange process as simple and fast as can be.
Godex developers are brilliant specialists with extensive experience in the field of blockchain. We are working every day to improve the processes of cryptocurrency exchange. To make an exchange with us, you do not need to provide any personal information, as Godex stands for the original idea of anonymity in the cryptocurrency world.
- Godex servers are under reliable protection.
- Using strong security protocols
- To avoid interception of information, the SSL certificate is used
- The Godex service is protected from DDoS attacks.
- Partnership with the most reliable trading platforms.
The execution time of exchange usually varies from 5 to 30 minutes, depending on how quickly the transaction will be confirmed by the network and the new block will be formed in the blockchain network. Different coins require different confirmation times, and if some coin needs more confirmation, we notify the user of possible delays before they send us the coins. Once the coins arrive in our wallet, the exchange itself usually takes just a few minutes. In the case of large volumes (more than 1 BTC), the processing time may be a little longer.
Once you have decided what cryptocurrency you want to receive as a result of the exchange, you must have a place where it can be stored. There are official wallets for each coin or multi-currency wallet application. Each currency requires its own wallet address – a unique valid identifier that serves as a virtual location where the cryptocurrency can be sent. For example: 0x7fd44ba08d7ee76da0aff7cmj5f07125ac10caa5.
To get your own cryptocurrency address we recommend visiting the site of the currency you are going to buy. Usually, creators of the coin develop an official wallet for this or recommend a trusted one. We highly recommend using only trusted services in order to avoid losing your funds.
The destination address is a unique wallet address to which Godex.io sends the cryptocurrency after the exchange of coins. This wallet address must be valid for the currency you want to get. For example, exchanging ETC to XRP requires the recipient address to be the address of the XRP coin.
After the transaction is included in the block, it cannot be recalled or changed by anyone, this is one of the main features of blockchain. So please check carefully the data you entered before you make the exchange.
Each new transaction made by users in the blockchain has its own unique ID code that is assigned to the operation and will be stored in all subsequent new blocks. Using this ID (see also “TX id”) you can view the details of this transfer in a network and authenticate transactions.
This is a unique identifier for a specific exchange assigned by Godex. It looks like this: #5bcfrd01e65ed
A fixed-rate exchange allows to perform an exchange with the exact rate which is displayed to the client in the moment of a exchange creation. When the transaction is created, we fix the exchange rate to protect you from price fluctuations. Fixation remains if the funds arrive within 30 minutes after the transaction is created.
Processing your order takes time. During the transaction, you need to consider the variability of the exchange rate. It is necessary to understand, that the final conversion amount which will be transferred to you, is equivalent to the current exchange rate at the time of the exchange, which may differ from the initially stated, both upwards and downwards.
There are no upper limits for cryptocurrency exchanges on Godex. But in order to transfer coins from one address to another, blockchain requires paying the so-called Miner Fee, so Godex.io has a minimal transaction volume to cover it.
In the exchange of some currencies, we may ask you to not only send coins using the provided address but also specify an additional ID. The Additional ID is used by some currencies for transaction processing and identifying the transaction (Payment ID for Monero, Destination Tag for Ripple, Memo for Steem and Stellar, and Message for XEM). When Godex provides you with additional ID, it is very important to send coins using this ID, otherwise, funds may be lost. Please be careful!
Our chat window may ask you for your email address. Providing your email is not necessary at all, but it helps us to contact you as soon as possible in case of any issues related to the exchange.
As we stand for absolute privacy, we erase all transaction data from our servers within a week. We only keep some data as long as it is necessary to provide a necessary level of support for our users (for example, when refunds are needed or some problems take place). This data includes e-mail (if provided by the user), tx hash and address.