Bitcoin to Ethereum Exchange refers to the process of buying Ethereum (ETH) in exchange for bitcoins. There are a number of exchange platforms that provide this service. Basically, they allow you to buy ETH by paying in Bitcoins. Here’s how it works.
Bitcoin to ETH Exchange — how it works
For someone looking to buy ETH, there are usually two options — buy ETH in exchange for a fiat currency, or buy ETH in exchange for a cryptocurrency.
Now, there are not many exchanges that as of yet support many fiat currencies, and it’s nearly impossible for someone living in a third-world country to find an exchange that accepts their local fiat currency. In that case, you go to the second option, i.e. exchange BTC to ETH.
It’s fairly easy to buy Bitcoin as compared to ETH. As the world’s top cryptocurrency, BTC is supported by almost all crypto exchanges, no matter their location or service region. So, you can manage to find an exchange that allows you to buy BTC using your local currency. Try Shiftal.com
Once you have Bitcoin in your wallet, the next steps are rather easy. All you now have to do is find the right Bitcoin to ETH exchange service. Here’s how it works.
A Bitcoin to ETH Exchange service is a platform where you can trade your Bitcoins to buy ETH. It can be a peer-to-peer exchange or a standard Bitcoin exchange. The process is almost similar on both, however, a peer-to-peer ETH exchange is generally more reliable, cost-effective and flexible. For instance, when buying ETH on the Shiftal P2P exchange, you get the flexibility to pay using any of 70+ payment options, including bitcoin.
The process to exchange Bitcoin to ETH is simple once you have managed to find the right platform. You go to the exchange, select the trading pair — BTC-ETH in this case, and enter the amount of ETH you wish to buy. If you have sufficient BTC in your account, your order will be executed based on availability, and ETH will be credited instantly to your wallet. This is how the process works on a standard exchange.
On the Shiftal Exchange, the process to exchange BTC to ETH is slightly different. As a P2P crypto exchange, Shiftal allows users to connect and trade directly. So, when looking to buy ETH, you can use the Shiftal platform to find and connect with potential sellers through ads.
Why Shiftal is the best Bitcoin to Ethereum Exchange Service
P2P ETH buying process on Shiftal is very secure, private and cost-effective. Since users get to interact and trade directly, they are not required to share any personal information with the platform. Also, users are not required to deposit any funds in their Shiftal wallets, as all payments are peer-to-peer. Use funds, however, are protected through the Shiftal Escrow service, to avoid fraudulent activities.
Here’s how you can exchange Bitcoin for Ethereum on Shiftal.
Create an account on the Shiftal website. Set your location and preferred payment method.
Go through the available ads based on your location. See if any of the offers fit your requirements. If not, you can create or post a new trade with your specific requirements.
Click on the ‘buy’ button to check details about a particular offer. If it meets your needs, send a request to the seller and wait for their approval.
The best part of buying ETH with Shiftal is that you pay directly to the seller in their preferred payment choice. So, if your seller accepts bitcoin, you can transfer bitcoin directly from your wallet to their wallet for free. Shiftal charges a zero fee from traders who buy/sell without creating a new post.
When it comes to global Bitcoin to ETH exchange services, Shiftal P2P exchange is the number one choice of thousands of traders who choose us for convenient, low-cost bitcoin trading with flexible payment options.
So, what are you waiting for? Create an account on Shiftal and start your crypto journey today.
Source: https://medium.com/