How to exchange Ethereum to Bitcoin
How to exchange Ethereum to Bitcoin in 4 easy steps:
- Choose your cryptocurrencies
- Enter the recipient address
- Confirm your transaction
- Make a deposit
Step 1. Choose your cryptocurrencies
On the main page of ChangeNOW’s website, choose a crypto you would like to exchange. For instance, you would like to exchange Ethereum to Bitcoin. After choosing the currencies, enter the deposit amount. ChangeNOW will show you the estimated number of BTC you will receive. Press Exchange.
Step 2. Enter the wallet address
Enter the crypto wallet address to which ChangeNOW will send BTC, then press Next. If you do not have a Bitcoin wallet yet. click “Don’t have a crypto wallet yet?” and choose a suitable wallet from the list we provide.
Step 3. Confirm your transaction
Step 4. Make a deposit
After your transaction is confirmed, send your Ethereum ETH to the wallet address ChangeNOW generates for you. Also, the transaction can be performed with a QR code.
Step 5. Get NOW tokens!
Every exchange with ChangeNOW grants you NOW tokens – you can later use them for accessing ChangeNOW’s special features. The perks include exclusive exchange rates and accelerated support. All you need to do to get the tokens is enter your ERC-20 ETH wallet address!
Best Bitcoin trading platforms
The largest and most famous cryptocurrency exchange in the world. It became one of the most high-profile projects of 2017, when in just a few months it was able to gain an audience of millions. It was created in China, but after problems with the regulation of cryptocurrencies in China, it moved to Hong Kong. For now, it’s one of the leading brands in the crypto world.
Bitcoin trading fees are only 0.1%. The interface supports English, Chinese, Spanish, German and Russian. A huge number of cryptocurrencies are available for exchange. There is no possibility of direct replenishment using fiat currencies on Binance, but you can use stablecoin (USDT). This is considered the only drawback of the trading platform.
Verification of users on the service is optional. Binance has the largest trading volume on the cryptocurrency market. This crypto-exchange is trusted by traders from all over the world. The marketplace provides a good level of security and also offers a reward for reporting an impending cyberattack. Binance is definitely one of the best options to work with Bitcoin.
CEX.IO is quite a popular trading platform among users. The beginning of its activity falls on 2013, when the company of the same name was registered. CEX.IO is an exchange from the UK, the organization’s office is in London. There is an online version and a mobile application with which you can buy or sell Bitcoin anywhere in the world.
The crypto-exchange supports a large number of languages, so it is convenient for traders from different countries. CEX.IO accepts fiat money, deposit and withdrawal of funds with any bank card are available. The platform offers users a small fee for trading transactions. Margin trading is carried out in 4 directions. CEX.IO was originally planned as a cloud mining service, and the opportunity to buy power still remains there.
As for the shortcomings, first of all, they include delays in payments. The money may reach the user in 20 days after the withdrawal request. Verification is required on the service, otherwise the user will be blocked. At the same time, identification takes place in classic English, pedantic style – you need to identify yourself and the card on which the withdrawal is made. There are restrictions on withdrawals for residents of certain states.
The exchange was established in 2014. Initially, the developers planned to create EXMO for users from the CIS only, but then, the geography has been expanded to the whole world. On top of the Russian language, 10 more languages were added, including English, German, Chinese and others.
EXMO is committed to the legality of activities. The trading platform is adapted to the requirements of AML/KYC. Fiat money is supported, and in addition to USD, it is also possible to replenish accounts with EUR, GBP, RUR, UAH and other types of fiat money. Users are not required to undergo verification, it is done voluntarily. Special security methods are used, such as two-factor authentication, setting up trusted IP for login, confirmation of withdrawal by E-mail. In addition, EXMO has discounts on fees for withdrawal.
Of course, there are some shortcomings. First of all, it is a bad operation of the input and output system. Payments are often delayed, which is why you have to wait for several days. In addition, the problems of the exchange include the lack of a mobile application, which is why you can only work on a PC.
LocalBitcoins is one of the oldest cryptocurrency exchanges in the world, it traces its history back to 2012. The service does everything to ensure that its services are used all over the world. Therefore, not only a multilingual interface is available, but users also have the opportunity to replenish the wallets with the most popular fiat currencies.
Actually, trading for fiat is one of the main “chips” of the trading platform. There are ample opportunities to pay for bitcoin, as well as to withdraw funds. Good trading volume and excellent reputation make LocalBitcoins one of the most well-known crypto exchanges. The referral program is also worth noting. Users can get up to 20% of the profit that the referral will receive from the transaction. There are mirrors, so the exchange is available in most countries.
However, the focus on fiat money is also considered to be the main problem of LocalBitcoins in terms of cryptotrading. The service lacks trading pairs with well-known digital assets such as Bitcoin Cash. Bitcoin and Ethereum alone are not enough. In addition, the trading platform does not have its own mobile application.
Bittrex is a cryptocurrency exchange in the top 10 in terms of trading volume. This is one of the most famous trading platforms on the planet, which supports not only Bitcoin, but also a large number of other cryptocurrencies. Initially, the service was launched only as a crypto-exchanger, but later evolved into a crypto-exchange.
Bittrex offers a large number of tools for trading, making it easy for even a beginner to work with BTC. Plus, there is an API. All this is located on a convenient, intuitive interface. The marketplace takes care of security. Excellent reputation and large trading volumes also speak in favor of Bittrex.
As for the shortcomings, mandatory registration and verification are worth noting. Therefore, there is no anonymity to speak about. Technical support responds to complaints slowly. For the rest, Bittrex is a great option for working with BTC.