In 2021, blockchain games saw a massive rise in popularity, giving birth to a new “play-to-earn” model where players earn crypto tokens simply by spending time in their favorite games. One of the front-runners in this space is Axie Infinity (AXS), which rewards players with AXS tokens. Naturally, users are looking for an easy way to convert AXS into more widely-used cryptocurrencies like XRP for everyday transactions.
However, since AXS operates on the Ethereum network, converting it into other cryptocurrencies can be costly due to high gas fees. Additionally, not many exchanges offer low-fee pairs like AXS to XRP. In this article, we’ll give you an overview of AXS and XRP, explore why converting one to the other might be beneficial, and show you a simple way to do it securely.
AXS to XRP: Why Make the Swap?
Blockchain gamers are racking up rewards through NFT-based and play-to-earn games, with Axie Infinity and its AXS token standing out as one of the most popular platforms. Players earn AXS tokens as rewards, but these tokens can be hard to use for everyday payments due to high gas fees associated with the Ethereum network.
Ripple’s XRP, on the other hand, is designed for fast, low-cost peer-to-peer payments, making it a more practical option for transactions. Converting AXS to XRP can be beneficial, but traditional exchanges can make this process cumbersome and require many extra steps. Fortunately, Godex.io has simplified this process, allowing users to exchange AXS for XRP anonymously and quickly. But first, let’s take a look at both cryptocurrencies.
Axie Infinity Overview
Axie Infinity is a blockchain game where players use digital creatures, known as Axies, as NFTs to battle and complete quests. Launched in 2018, the game saw a surge in popularity in 2021, drawing thousands of players. Players earn Smooth Love Potion (SLP) tokens for completing tasks, but the premium AXS tokens are given as rewards for player-versus-player (PVP) competition. From a humble token valued at around $0.5 in 2020, AXS skyrocketed to over $100, bringing in significant profits for players.
Ripple Overview
Ripple is a payment network built for financial institutions to make international money transfers faster and more affordable. Released in 2013, XRP has remained a top-10 cryptocurrency by market cap for almost a decade. Though Ripple’s primary focus is improving the banking system, many users have adopted XRP as a payment method due to its low transaction fees and lightning-fast transfers. XRP saw its biggest price surge in 2018, climbing from $0.006 to an all-time high of $3.3, before settling between $0.8 and $1.2 in 2021.
Where to Exchange AXS for XRP
As mentioned, swapping AXS for XRP can be tricky because many exchanges don’t offer this trading pair. Plus, you’ll need to find an exchange that offers fast services and fixed rates. If you want to make the swap anonymously, centralized exchanges are not ideal since they require extensive Know Your Customer (KYC) processes.
Luckily, Godex.io makes this process easier by offering a quick, anonymous, and efficient AXS to XRP swap. Here’s a simple step-by-step guide:
- Visit the Godex website.
- Choose AXS as the token you want to exchange and XRP as the token you want to receive. Enter the amount you want to convert.
- Click “Exchange,” provide your wallet address, and sign the transaction. That’s it!
What’s great about Godex is that they never ask for personal details, keeping your information private and secure throughout the transaction.
How to Choose a Reliable Exchange
When selecting a crypto exchange, consider these factors:
- Security: The exchange should offer the best security measures. Non-custodial wallets, like those used by Godex, are preferred because they’re virtually unhackable.
- Speed: In the fast-moving crypto market, speed is essential. You don’t want to miss out on profits while waiting for the transaction to process.
- Low Fees: High fees can add up quickly, especially for frequent traders. Look for an exchange with low processing fees.
- Anonymity: Keeping your personal information separate from your crypto holdings is key to avoiding security risks.
Godex checks all these boxes, making it a trustworthy choice for crypto swaps.
Key Takeaways
AXS and XRP are both popular cryptocurrencies, but exchanges offering an AXS to XRP trading pair are few and far between. Godex provides one of the best methods to swap between them quickly, anonymously, and with low fees, making it a convenient option for those looking to convert AXS to XRP without any hassle.
