The crypto market has been insanely volatile in the past couple of months. The crypto crash that followed the demise of the Terra/Luna network has been pushing Bitcoin and Ethereum prices downwards.
This has opened some great opportunities to make a profitable BTC to ETH exchange on different platforms. However, choosing the best one can be a challenge, as you will have to make sure the exchange you will be using covers all the essentials — low fees, practicality, user experience, privacy, execution speed, and much more.
In this article, you will find 3 options to convert BTC to ETH. But before we go into the particularities of these exchanges, let’s have a look at why you might want to exchange BTC for ETH in the current crypto environment.
Specifics of BTC/ETH Crypto Pair
Ever since the crash in May 2022, the crypto market has been in complete disarray. Prices have been in freefall, and BTC has gone as low as $19,000 from an all-time high of $69,000 less than a year ago. What’s more, Ethereum has been losing ground and falling even more sharply.
The ETH to BTC price has seen some of the lowest exchange rates in 2 years, with 1 ETH being worth around 0.0565 BTC. Many experts in the field consider these low prices to be a once-in-a-lifetime opportunity for making profits, as Ethereum is about to skyrocket once again.
As a matter of fact, Ethereum is currently undergoing a migration to a PoS consensus mechanism that should be completed by the end of August 2022. This should give the #1 smart contract platform a lot of fuel to gain upwards momentum and perform much better than Bitcoin in the following months.
What Makes for a Good Exchange Platform?
In this day and age, exchanges are plentiful, and it can be difficult to make the right choice. To help you with this, we have selected a few key characteristics that every exchange worth considering should possess:
- Privacy features. Remaining anonymous in the crypto ecosystem is a huge advantage. It provides you with much-needed security and obfuscates your transaction data from malicious actors.
- Streamlined access. Being able to easily access its services is one of the main advantages of a good exchange.
- Quick execution. Filling orders quickly is essential, so you don’t lose out on profits in this volatile market.
- Low fees. When making frequent swaps, the fees can quickly pile up and your profits will take a huge hit.
Next, let’s see how these exchanges fall into these roles.
Top 3 Platforms for a Profitable Exchange
We’ve selected 3 top exchanges that allow you to swap BTC for ETH.
KuCoin is one of the largest crypto exchanges globally by trade volume and is headquartered in Seychelles. It offers a great choice of cryptocurrencies for trading (more than 600) and a wide variety of services such as futures trading and peer-2-peer exchanges.
It’s worth noting that for exchanging any crypto, you will need to go through an extensive KYC procedure.
Huobi is a crypto exchange founded in China, which moved its headquarters to Seychelles following the country’s crackdown on crypto. It provides a wide range of services, including advanced trading orders for more than 500 different cryptocurrencies.
The huge drawback is that many users have reported withdrawal issues with this exchange.
Godex is a crypto exchange service that provides easy exchanges for users of over 300 different cryptocurrencies. It offers total anonymity and doesn’t require creating an account for initiating a transaction. The user-friendly interface provides all that you will ever need to proceed with a quick BTC to ETH exchange within a few minutes.
What’s more, user reviews are quite positive, with no one reporting issues whatsoever. Simple, fast, and effective.
Ready to Make Your Choice?
Now that you have a good idea of how some of the top crypto exchanges perform, you should be able to make an informed decision. The issue with most centralized exchanges like Huobi and KuCoin is that you will need to create an account on their servers, undermining your privacy considerably.
While Godex doesn’t offer advanced trading instruments (limit, stop loss, etc.), it allows you to maintain your privacy at all times. You should decide whether you give up on some trading features or keep your funds secure.
How To Integrate Shopify Into Your E-Commerce Site
Diamond Inclusions: Bearded Girdle
Which Wholesale Women’s Outfits Are Right For You?
10 Essential Tips For Getting The Most Out Of Remote Working
The Rise of Online Music Learning Among Kids in India
This Is The Best Tour Of An Island In Animal Crossing That Has A Background Focused On Europe:emerging Horizons
A Guide To Various Supporting Documents Needed For Job-Seeking
Different Microsoft operating systems, what are the key differences between them?
Definitive Guide to HTTP, HTTPS, SSL, and TLS — What Do All These Mean and How Are They Different?
How Family Therapy Can Help Families Communicate and Resolve Conflict
Software3 months ago
A Guide For Better Cybersecurity & Data Protection For Your Devices
Latest News3 months ago
Soap2day Similar Sites And Alternatives To Watch Free Movies
Android3 months ago
What Is content://com.android.browser.home/ All About? Set Up content com android browser home
Android App10 months ago
Cqatest App What is It
Android App4 months ago
What is OMACP And How To Remove It? Easy Guide OMACP 2022
Business2 months ago
Know Your Business (KYB) Process – Critical Component For Partnerships
Blog3 months ago
MyCSULB: Login to CSULB Student and Employee Portal
Entertainment5 months ago
Benefits of Playing Ludo on a Digital Platform