A few years ago, Bitcoin (BTC) was the main digital currency out there in the market. However, there are now several digital currencies out there such as Ethereum (ETH), Monero, Ripple, Litecoin, and many more. Investing in Bitcoin has been lauded as a great investment with billionaires such as Bill Gates and Elon Musk endorsing Bitcoin openly.
Cryptocurrencies experience price fluctuations and if investors can get their projections right, they can make huge profits as soon as prices for cryptocurrencies rise. Putting all your eggs in one basket, however, can be a huge mistake as a price fall can significantly affect you. That is why it is always a good idea to invest in several other digital currencies like ETH.
In the past, investing in other digital currencies was difficult because of the processes involved. Today the entire process has been made easier because of the options of crypto to crypto exchange. You can now convert BTC to ETH, BTC to Monero, and several other options. In this article, we are going to show you how to do BTC to ETH swap.
How to do a BTC to ETH swap
The motivation behind the crypto to crypto exchange was how difficult it was for investors to buy other forms of digital currencies using cash. As a result, cryptocurrency exchange sites adopted the idea of using one form of digital currency to purchase another. The idea has now been widely adopted; especially now that you can conduct crypto to crypto exchanges involving any digital currency.
If you are interested in doing a BTC to ETH swap, you can use one of the top crypto to crypto exchange sites like Nakitcoins, Changelly, or Shapeshift. The process is simple as all you need is to have some bitcoins in your wallet. However, you need to be careful and ensure that you are using reputable exchange sites so that you do not fall prey to scammers.
Converting BTC to ETH using Nakitcoins
You can convert BTC to ETH or any other crypto currency instantly using Nakitcoins. As soon as give authorization for the transaction, you will receive ETH coins to your wallet equivalent to the value of the bitcoins you exchanged in no time. One great benefit of using Nakitcoins crypto to crypto swap is that you can convert huge amounts without any restrictions.
With Nakitcoins, you do not need to sign up with their site for the exchange to go through. Some sites allow you to conduct crypto to crypto exchange without an account but lock your coins after the transaction is through until you register with them, something you will not encounter with Nakitcoins.
Swapping BTC to ETH using Changelly
Changelly is another top platform that allows you to convert any digital currency to another. Just like Nakitcoins, you can also instantly convert your BTC to ETH at Changelly. However, with Changelly you must create an account with them using an email address before you can access your Changelly account in the future and check your transaction history.
Once you access the Changelly site, you can select the BTC to ETH pair and click on exchange. The transaction details will then be displayed and you will be asked to insert your ETH wallet address where you will receive your ETH. Check if the details are correct and click on confirm to authorize the transaction.
Now that you know how to change BTC to ETH, do not shy away from trying your hand in cryptocurrencies. You can use them to transact where they are accepted, and even to invest or speculate.
