You can use Kattana to calculate the price of trading between LM/Faung and then to trade them. Just find the pair on Kattana and use its tools.
Convert LM to Faung with Kattana
How buy and use LM is a common question. If you are interested in fiat currency exchange to LM or in turn learning how to convert crypto LM to fiat, there may be a way to buy LM with USD, which is the same process for cashing out LM. The easy ways to convert LM into another token are to swap them directly in a pair or via intermediary pairs. You can use a swap or an aggregator to do that for you. Place a market order so Kattana can convert LM to Faung instantly for you.
LM - Faung Exchange calculator on Kattana
Convert 1 LM to Faung with Kattana by placing a Swap or LImit order, with the latter specifying at which price you’re willing to purchase the token. Before swapping between the two, use Kattana’s LM to Faung free comparison. Once you do, use Kattana as your converter.
Trade on decentralized exchanges with Kattana
Because Kattana is a massive trading platform with thousands of token pairs and the ability to trade liquidity from hundreds of CEXs and DEXs, it’s not even a question of what coins can you buy with Kattana but rather a question of which you want to buy right now. Just make sure to connect your crypto wallet to Kattana:
Press the “Connect Wallet” button in the top right corner.
Decide on the kind of wallet you want to connect.
Sign the authorization in the popup.
Profiting from converting LM to Faung
How to Make Money With LM is another common question. Prices change vis-a-vis each other, so there are many opportunities for a trader to profit from making with LM the exchange to Faung when the prices of one or both shift. You can track your profit in stablecoins which are usually around the price of $1 USD.
Swap LM to Faung trust wallet
You can swap the two coins for each other or swap either of them for a stable coin you prefer to use as a store of value. Just make sure you use an exchange medium you can trust. Centralized exchanges take custody of your tokens, meaning that they are not truly yours. Decentralized ones, including a decentralized trading platform like Kattana, don’t take custody of your funds. This way you can keep them in a wallet you trust. Meanwhile, on Kattana you can see your balance, the token’s cash price chart and a live chart of indicators, among other tools.
How to easily profit when you change LM to Faung
Want to know the potential profit? You may want to calculate the likelihood of the price difference between the two tokens flipping and when. You could look at the price index history to get context. Or at the news surrounding the token or the market. If the LM to Faung pair exists, it likely has some liquidity somewhere. Use Kattana to find where (quickly and behind the scenes, so you don’t even have to think about it).