My Wallet: Diversify your portfolio with cryptocurrency swaps

Suppose that you have converted all the capital in your hand to Solana currency (SOL); But with the passage of time and by performing various analyzes, you will notice the imminent price growth of Ethereum; A growth that is very impressive and can provide you with much more profit than Solana. In such a case, if you want to finance the purchase of Ethereum using the traditional trading method, you must sell your Solanas and then use the money from this transaction to buy Ethereum; But what happens in between?

1. The traditional trading process is long and in the period of selling Solana and buying Ethereum in this way, you may miss the best time to enter the Ethereum market.

2. In doing this process, you will pay 2 fees to the exchange, one for selling Solana and one for buying Ethereum, and this will certainly increase your transaction costs significantly.

While choosing the digital currency swap method to obtain Ether, you will not only pay a very minimal fee, but your Solanas will immediately be converted to Ether and the process will not take time.

Although digital currency swap is currently the best way to diversify the investment portfolio; But if you don’t pay attention to two key points in its process, digital currency swap can also cost you! These points are as follows:

• Detailed analysis of the market situation: As with the more traditional method, you must have a thorough understanding of the state of assets in the digital currency market. Technical and fundamental analysis will be your two main arms in predicting the future state of the market and with the help of technical analysis indicators and checking the good and bad news available in Fundamental analysis is where you can choose the right assets for swaps and save yourself from possible losses in the previous cryptocurrency market.
• Choosing a valid swap platform: Currently, various platforms such as Binance Exchange, My Wallet Exchange, TrustVault Wallet, UniSwap Decentralized Exchange, etc. have provided a platform for digital currency swap; But the question is, are all these platforms a suitable option for digital currency swap?! It will not be possible to choose a suitable swap platform without considering parameters such as the level of security and credit on the one hand and the fees and charges received by this platform on the other hand. Of course, considering the issue of financial sanctions, before connecting your wallet to the desired platform, read its rules carefully.

The issue of sanctions has always been a problem for Iranian users and this issue has shown itself well in the field of traditional trading in exchanges such as Binance. Currently, the best and most reliable way to exchange digital currency is to use the services of my wallet exchange for this purpose, which is basically an authentic Iranian exchange. Due to the support of more than 10,000 tokens and digital currencies, this exchange is among the top active exchanges and its high security is the reason for its fame and popularity.

During the several years of the official operation of My Wallet exchange, there has been no report of a successful cyber attack on this exchange, and the security team of this exchange is always updating its security algorithms according to global standards. Because this exchange is Iranian, it does not follow any sanctions against Iranian users, and you can safely use the services of this exchange to buy digital currency in the traditional way as well as exchange and swap.