Convert Bitcoin to Ethereum: Top 5 Crypto Exchanges to Consider
Ethereum (ETH) and Bitcoin (BTC) are the most popular cryptocurrencies in the crypto world. They have the highest trading volume and market capitalization. Both use blockchain technology, but Ethereum’s blockchain is more advanced and runs smart contracts. Furthermore, Bitcoin uses a PoW mechanism, while ETH is switching to PoS.
ETC to BTC is one of the most popular swapping pairs on exchange websites. But which platform to choose to convert LTC to BTC?
1. Coinbase
On Coinbase, you can buy, trade, and exchange more than 100 cryptocurrencies. The company was founded in 2012, and now the platform has gained around 98 million users who hold nearly $278 billion in crypto assets there.
Advantages of Using Coinbase
Coinbase is suitable for both skilled traders and newbies. The main pros are:
- Dual platform system — the Pro version and the standard for new traders.
- Perfect for mobile trading
- Free educational content
The platform offers a big library with educational content about the crypto world. Also, you can earn free crypto if you complete a module (video and quiz) on the website.
2. Binance
Binance is the largest crypto exchange platform in the world with a daily trading volume of approximately $20 billion. You can buy, trade, and exchange more than 500 coins on Binance. It has around 90 million registered users. Also, the website offers one of the lowest trading fees on the market (up to 0.1%).
Advantages of Using Binance
There is no minimum deposit on Binance and registration takes around 15 minutes. The Binance platform offers both desktop and mobile versions. Binance Lite is designed for a simple conversion, while Binance Pro offers charts, order books, and multiple order types features.
- No minimum deposit required
- Fast registration (around 15 minutes)
- Both web and mobile versions are available
- Different platforms for experienced traders and newbies
- Multiple ways to make money on crypto
Spot trading, derivatives trading, and staking are available on Binance as well, making it the most useful service for experienced traders.
3. Godex Anonymous Exchange
Godex is an anonymous cryptocurrency exchange with a fast and reliable service. An order execution time is 5-30 minutes. There are more than 300 coins available to swap on Godex.
Advantages of Using Godex
Regardless of your location or experience in crypto, you will get your assets quickly and safely. Here are a few pros of using Godex:
- No need to register or provide personal information
- Limitless orders
- High security measures
- Fixed exchange rates
- An affiliate program
Godex doesn’t have limits for transactions. You are protected from overpaying since Godex fixes rates while swapping. Also, it employs SSL certificates and protection against DDoS attacks.
4. Kraken
One of the most visited crypto trading platforms is Kraken. It takes 4th place among other exchanges based on trading volume, weekly visits, and liquidity (according to CoinMarketCap). Kraken was designed for buying, selling, and trading more than 120 cryptocurrencies. It is suitable for newbies, as well as for experienced users (Kraken Pro).
Advantages of Using Kraken
Kraken is known as one of the best trading platforms when it comes to liquidity. Here are a few other reasons why you should choose it:
- Low minimum trade (0.0001 BTC)
- Transaction fees are relatively low (around 0.9% to 2%)
- The transparent website with lots of information
- Convenient mobile apps (4.2 stars out of 5).
Hence, Kraken is easy to use on any device. Also, it is easy to start even with a small budget and be sure your transactions are safe.
5. Gemini
Gemini was founded in 2014 by brothers Cameron and Tyler Winklevoss who wanted to create the safest place to hold their crypto. Nowadays, the service allows trading and storing of 75+ crypto assets.
Advantages of Using Gemini
Gemini is rated as one of the most secure crypto trading services. Hence, you need to register and complete the identification process. Also, Gemini has the following pros:
- 100+ assets
- $7 in ETH for new US customers
- Up to 8.05% APY
Gemini is available in every state within the US. It offers all the required tools for active and new traders.
Why Exchange Bitcoin to Ethereum
Both Bitcoin and Ethereum are well-known cryptocurrencies with solid ground and high liquidity. So, exchanging BTC for ETH and vice versa is always a good idea. This trading pair is listed on the majority of exchange platforms ( if not all of them), and due to the volatility of Bitcoin and Ethereum, it is possible to earn money on the difference. Just select the right platform and start trading!
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