Binance is a major company that has a reputable spot in the crypto market. It launched a blockchain with a native BNB token, which you can use on this platform and for trading purposes. Avalanche is another promising crypto project and one that gains more popularity every day. Is it now time to jump on board and swap BNB to AVAX to add this token to your portfolio?
The following sections describe both projects to help you learn about BNB and AVAX, as well as the best ways and platforms to trade these coins profitably. Here’s what you should know before finalizing the trade!
BNB is a token launched by the famous cryptocurrency exchange Binance. Although it used to be known as Binance Coin, today it only uses the abbreviation BNB. The token powers the BNB Chain ecosystem.
The coin has multiple purposes, including paying for transactions on the BNB Chain, using it in dApps and games, accessing new token sales on Binance, and discounts on spot, margin, and futures trading on this platform.
BNB started as an ERC-20 token on the Ethereum blockchain but then migrated to the BNB Chain. The platform can now host dApps and process transactions quickly and at fairly low fees. It’s also possible to manage NFTs, and there’s also the tokenization option where you can create BEP-2 tokens on this platform. BNB Chain uses a PoSA consensus mechanism, which is short for the Proof of Stake Authority. The idea is to avoid assets used as the stake but use the validator’s ID instead.
BNB Price Prediction
BNB is currently worth $339, and by the end of the year, it could reach at least $430. Predictors believe the coin could exceed $1,000 in 2025, and the value could be anywhere from $3,000 to $5,000 in 2030. Apart from BNB, you can also check the TUSD vs USDC comparison if you need a stablecoin that can help navigate tricky times in the market.
What Is Known About AVAX?
Avalanche is a blockchain project that could be described as Ethereum’s competition. You can use it for financial transactions and launching dApps. Avalanche is famous for its fast transaction times since it can complete transactions in a second, even with the fact that it’s based on smart contracts.
A great advantage of Avalanche is that you can create personalized blockchain networks with a unique rulebook. Thanks to interoperability, you can interact with various apps and networks built on this platform. AVAX is the network’s native token, and it’s the primary payment method that users can also stake for voting on the network.
Avalanche has an architecture split into three blockchains — Exchange, Contract, and Platform chains. The first one supports making financial assets, the second one implements the Ethereum Virtual Machine in its smart contract dealings, while the last chain serves for coordinating validators and making subnets.
AVAX Price Forecast
AVAX’s current value is $19, and it will use this year for stable growth. Its value could be anywhere from $25 to $40 by the end of 2023. In a couple of years, that value could reach $53, and more optimistic analysts believe the worth might go up to $69. By 2030, AVAX might see a massive value increase, with the maximum value being anywhere from $196 to $400.
Platforms to Exchange BNB to AVAX
The last step to complete before initiating the trade is to find a reliable cryptocurrency exchange. Here are the top choices for BNB to AVAX and other conversions:
- Godex. The platform is anonymous, meaning you don’t have to register or share private information to execute trades. You don’t have to worry about trading volume, so you can trade any BNB quantity for AVAX or 300 other supported coins on the platform. Godex offers locked rates for 30 minutes to ensure market price fluctuations don’t affect your profit. Transaction fees are fairly low, and you can use the platform on PCs and mobile devices.
- LetsExchange. This is another anonymous crypto exchange, but one that offers fixed and floating rates, leaving you to choose between these options. Apart from BNB and AVAX, there are over 2,400 other coins to trade.
- Atomic Wallet. Although you can use the website for trading purposes, Atomic Wallet also has dedicated apps for Windows, Linux, and Mac, as well as iOS and Android operating systems.
Swapping BNB for AVAX is an option available at many exchanges, so it’s all about finding the best rates and platforms that fit your preferences. Exchanges have a user-friendly process that makes it easy for everyone to trade crypto, including those who don’t have previous trading experience, so don’t hesitate to get into the crypto investment world and acquire desired coins.