In the virtual world, many platforms with their own cryptocurrencies have been launched. One of the special ones is Ethereum, which was developed specifically for creating dApps (decentralized applications) and opens up a lot of opportunities for users.
In order to get ETH coins for use, you can exchange them for another liquid crypto asset, for example, Bit Coin. This will open interaction with different dApps and allow the owner to take part in the blockchain project of interest. It is interesting that the functionality embedded in smart contracts based on Ethereum makes it possible to create self-executing contracts for which specific conditions are predetermined. This technology is actively used in various fields (finance, supplies, and more).
It is important to note that the exchange of Bitcoin cryptocurrency for Ethereum (ETH) coins is often carried out in order to diversify cryptocurrency assets. This is an investment strategy that is aimed at reducing risks, since the method allows you to divide investment capital into several projects, instead of investing in one cryptocurrency.
As we can see, the answer to the question of why exchange other currencies for Ethereum cryptocurrency, especially liquid assets, is obvious. But it is important to understand the following: what is the best way to do this?
Bitcoin to Ethereum exchange platforms
The easiest way to exchange BTC for ETH is through electronic exchangers, the list of which is published by the portal – an aggregator that monitors current cryptocurrency rates. On these online resources, you can convert one digital asset into another at a set rate, and do it:
- quickly;
- safely;
- without unnecessary costs;
- at any time of the day or night.
It is much easier to use electronic exchangers than exchanges. They are not intermediaries, but act as one of the parties to the transaction (sell ETH). The principle of their work is simple:
- the client requests an exchange of a certain amount of Bitcoins for Ethers via an electronic application;
- the exchanger calculates at the set rate, issues an invoice to the client, and after receiving Bitcoin (BTC) from him, transfers Ethereum assets.
Thus, in order to diversify your investment portfolio or get Ethers for other tasks, instead of the Bitcoins you have, you will need 2 resources:
- exchange rate monitoring portal (aggregator);
- electronic exchangers working with the BTC – ETH pair.
Exchange aggregator services
The aggregator portal, as noted above, monitors cryptocurrency rates in online exchangers. It receives information from exchange services about prices and terms of cooperation with them, after which it compiles ratings for different cryptocurrency pairs and provides them to the visitor.
A visitor to such a site can indicate the exchange direction of interest (Bitcoin (BTC) – Ethereun (ETH)) and receive all the data, systematized in the form of a kind of rating based on the rate’s profitability. After comparing the offers, all that remains is to choose the most suitable one and click on its name. The system automatically transfers to the selected exchange site, where converting BTC to ETH will be a matter of a couple of clicks.
Security
Selecting an exchange service through a specialized aggregator portal provides the user with two significant advantages:
- profitability of the transaction (which is especially important given the high cost of Bitcoin);
- guaranteed security.
All exchangers included in the rating are checked by the system for security. Only reliable, certified services can recommend. Fraudsters and resources with a dubious reputation are excluded at the time of collecting and analyzing information.
