Can you trade one cryptocurrency, like Bitcoin, for another cryptocurrency, like Litecoin? I'm just curious if there is a market for trading cryptocurrencies with each other. Do you guys know of any sites I can check out? Any service suggestions?
Yes it is possible for you to trade bitcoins with any other cryptocurrency most especially if you are using binance, you can trade bitcoins for LTC, bnb and also for usdt.. The usdt ,busd can buy any cryptocurrency of your choice.
Surely, you can trade Cryptocurrency with other Cryptocurrency, it is just like forex trading whereby you can trade one country currency with other nation's currency
It is either call swapping or conversion. Besides when you trade, you may decide to trade your coin with stable coin like usdt or you choose stable coins to trade with. But these coins must be in the same pair before this can be allowed.
Of course, there's the possibility that crypto is traded and converted to other currencies as well. The same way you can trade other Fiat currency for others. That's why these exchanges are available for these type of transactions to be carried out.
Yes, it is very possible to do something of this nature especially on binance where they have different pairs for all cryptocurrencies and you did not just trade for stablecoins only.
