Bitcoin and Ethereum, as old-timers of the cryptocurrency market, attract the attention of everyone who is even slightly familiar with the world of digital assets. The long history of these two cryptocurrencies has given them a special reputation and trust among large investors, and many of them include at least one of these coins, and often both, in their investment portfolio.
The popularity of Bitcoin and Ethereum is quite easy to explain. They are older than almost all other cryptocurrencies and have already established themselves as fast and reliable means of payment. Analysts say both of these assets will rise in value, albeit for different reasons. Ethereum’s rise is driven by its use in the emerging field of decentralized finance, while Bitcoin is becoming the digital equivalent of gold.
An important principle when investing is portfolio diversification. Eliminating losses is almost impossible; even the most successful investors inevitably encounter them. To reduce risks and ensure financial stability, it is recommended to diversify your portfolio by investing in different types of assets.
Where to exchange Bitcoin for Ethereum
Swap BTC to ETH for a variety of purposes including trading and long-term investment is available on many trading platforms. There are two main categories of exchange platforms:
Traditional crypto exchanges.
Classic exchanges usually require account registration. Users may be required to provide identification and other documents and perform additional steps. The registration and verification process can take from a few minutes to several days. However, the need for identity verification may pose certain risks, given the possible leaks of personal data online.
Many such exchanges provide their own cryptocurrency wallets. After the exchange is completed, the coins can be stored on the exchange wallet until they are withdrawn to the user’s personal wallet. Although exchanging on the platform is fast, withdrawing coins to your personal wallet requires additional steps and time. Experienced users recommend always withdrawing some of the coins to their personal wallets.
Instant exchange services.
Instant exchange services such as LetsExchange offer an easier and more anonymous way to exchange cryptocurrencies. They do not require creating an account and allow you to quickly and without unnecessary formalities exchange one cryptocurrency for another. All you need to do is select your starting and ending cryptocurrency, enter your wallet address and complete the exchange. These services often provide privacy and anonymity, and the exchange process takes only a few minutes.
How does instant cryptocurrency exchange work?
Instant exchange platforms typically offer a convenient and anonymous way to exchange cryptocurrencies, and do not require you to provide personal information. To use services on the platform, account registration is not required. The exchange process is simple and convenient:
- In the top field, enter the name and number of coins you want to sell.
- In the bottom field, select the cryptocurrency you want to buy.
- Enter your crypto wallet address.
- Make a deposit.
- Click the “Exchange” button.
The service will automatically calculate the transaction amount at the current exchange rate, find current transactions and select the most advantageous offer. Once you confirm the transaction, it will be completed and the coins will be sent to your wallet.
The best fast crypto exchangers
A popular cryptocurrency platform that is available to users around the world. The service is available without registering an account and supports over 500 coins and tokens. Swaps are performed quickly and anonymously. This service is integrated into some crypto wallets and thus provides the possibility of internal exchange.
This platform positions itself as an exchanger that provides fast and convenient transactions. Users can easily exchange one cryptocurrency for another without having to create an account. This means that users can conduct anonymous transactions. ChangeNOW supports transactions with 1000+ coins and tokens.
A fast exchanger with a very simple interface and a rich selection of assets. Transactions with 3900+ digital assets are available on the platform, including purchase and sale for fiat money. No matter how long you compare ALGO vs HBAR, they are always available on LetsExchange. Registering an account to use the service is not required.
Remember that, despite the anonymity, when dealing with cryptocurrencies, it is important to comply with the laws and regulations in force in your country.
Tradersdna is a leading digital and social media platform for traders and investors. Tradersdna offers premiere resources for trading and investing education, digital resources for personal finance, market analysis and free trading guides. More about TradersDNA Features: What Does It Take to Become an Aggressive Trader? | Everything You Need to Know About White Label Trading Software | Advantages of Automated Forex Trading