How to Exchange Bitcoin to Ethereum at the Best Rates?
Bitcoin is undeniably the most popular digital token in the cryptocurrency world. However, there are reasons why a cryptocurrency like Ethereum is also a hot cake. Ethereum network can be considered as the second most popular cryptocurrency after BTC; both in market cap and use cases. However, how high can Ethereum price go? Many experts are tipping the Ethereum token to reach exceeding height due to the influence of Bitcoin on the crypto market.
That brings us to their similarities and why Investors are moving from Bitcoin to Ethereum. Bitcoin and Ethereum are both digital currencies that can be used to transact on crypto exchanges. Both are decentralized coins that can also be stored on digital wallets, and they can neither be issued nor regulated by the central bank or authorities.
In addition, these cryptocurrencies make use of blockchain –a distributed ledger technology. Even though there are similarities between BTC and ETH, they also have crucial distinctions that separate them. So, how do you exchange Ethereum to Bitcoin or convert Bitcoin into Ethereum? Also, how far will Ethereum go? These will be examined in this article
What is Ethereum?
Understanding the differences between the two cryptocurrencies before transacting from BTC to ETH is quite important. Ethereum is a blockchain platform powered by its native token Ether (ETH).
Ether coin is the Ethereum network tradable cryptocurrency and it basically powers the network. The blockchain has its programming language known as Solidity. Transaction fees are required to process transactions on the Ethereum network. Each transaction fee is paid with Ether tokens.
As a blockchain network, the vision of Ethereum is to pave the way for a more efficient financial platform thus, simplifying transaction recording and verification. Users are also granted the access to create, publish, monetize, and use DApps on the platform, with Ether as payment.
As of September 27, 2021, ETH is still the second-largest crypto by market cap.
The Ethereum blockchain is centered on running programming codes of DApps. In simple terms, it is defined as a crypto platform created to distribute information globally. Information shared on its blockchain can neither be manipulated nor altered.
On Ethereum, developers can create smart contracts and DApps without the risk of downtime, fraud, or third-party interference. Ethereum is well known as the World’s programmable blockchain, which is also a vital distinction of Ethereum to Bitcoin. It serves as a marketplace for NFTs, DApps, games, and financial services (Defi comes to mind). Each transaction is processed with Ether tokens as payment.
In July 2015, a group of blockchain enthusiasts launched Ethereum. The group of enthusiasts consisted of Joe Lubin and Vitalik Buterin. The co-founders Joe Lubin and Vitalik Buterin both headed the operation of creating the network with Vitalik now being the public face of the blockchain network. Many see Vitalik Buterin as the youngest crypto billionaire in the world.
The initial design of the Ether coin is to power the Ethereum network. Nevertheless, Ethereum is now accepted as a form of payment among merchants and service vendors just like BTC. Online sites like Shopify, CheapAir, and Overstock accept Ether as a mode of payment.
Ethereum speedrun to be the second most popular cryptocurrency started a long time ago. May 2021 happens to be one of these memorable moments of growth for the Ethereum network with more than 100 million ETH in circulation. Just so you know, there is no limit to ETH supply.
With Ethereum 2.0 underway, the ETH network is expected to allow network scale-up and rectify congestion problems that hinder 1.0. A testament to this claim is the Cryptokitties app that solely reduced the transaction speed of the Ethereum network. The 2.0 upgrade will see the Ethereum blockchain shift from PoW to PoS.
BTC vs. ETH
An average of 10 minutes
10 to 19 seconds
|Transaction per second||
Ethereum: how high can it go?
Just how high can Ethereum price go? According to Walletinvestor, the price of Ethereum could reach $15017.40 by 2026. They view Ethereum as an awesome long-term investment. A $100 investment could yield $514.19 in five years’ time. According to FXstreet, bulls are trying hard to push the market price of ETH with the global market sentiment and Relative Strength Index in their favor. The next target for profit-taking for Ethereum will be $3,391.
How to exchange Bitcoin to Ethereum?
To exchange BTC to ETH, you will need to find a reliable ETH to BTC exchange that can give you the best exchange rate for BTC to ETH conversion. Luckily, Swapzone is an aggregator that aggregates deals from many trustworthy exchanges for you to choose the best offer. Here’s a step-by-step guide on how to convert Bitcoin to Ethereum:
Step 1. On Swapzone, you can select Bitcoin to Ethereum pairing from the list of tokens then the site will pull up from all the Ethereum to Bitcoin exchanges.
Step 2. Select a suitable exchange deal for BTC to ETH.
Step 3. Go ahead to use Swapzone as a converter BTC to ETH by clicking on the “exchange” button.
Step 4. Input the address where you want to receive the ETH crypto.
Step 5. There is also an option for a refund address, which is the address where the BTC coins you are swapping will be refunded to incase of any issues.
Step 6. Click on the “proceed to exchange” button to carry out the exchange.
Step 7. After receiving your funds, please, rate the exchange partner and leave an honest review.
FAQ about exchanging BTC to ETH
Should I exchange BTC for ETH?
To exchange BTC to ETH or Ethereum to Bitcoin, one needs to carefully consider the reason for such actions. Currently, many prefer to trade in Bitcoin because it might have reached stabilization.
However, it is still quite volatile. Bitcoin was able to rise above $60,000 in value in April 2021 but dropped exponentially afterwards. Traders could now be flirting with Ethereum, which now possesses a market cap of one-third of BTC. The current Bitcoin to Ethereum exchange rate can also play a part in your decision. A favorable exchange rate can make you convert BTC to Ethereum to gain some profit.
What is better: BTC or ETH?
People often ask, Is Ethereum better than Bitcoin? It is undeniable that Ethereum possesses an edge in terms of technology and use-case compared to Bitcoin with lower supply and more liquidity. Nevertheless, crypto investments are all high risk so it is advisable to consider your choices carefully before you convert Bitcoin to Ether.
It is quite rare to see a crypto investor without Ethereum and Bitcoin in his/her portfolio. BTC and ETH are mostly the first two blockchain networks crypto newbies first interact with. Comparison between the two cryptocurrencies BTC and ETH is very common as well. It is recorded that there are about 11,000 cryptocurrencies in circulation with a total market cap of $2.5 trillion. Despite all these cryptocurrencies, Bitcoin and Ethereum continue to dominate the crypto market.
Deciding which of ETH and BTC is better solely depends on what you are looking for as a trader, investor, or user. For long-term gain, most will likely go with Ethereum given the huge potential that is yet to be explored about the ETH crypto. Bitcoin will likely deliver short-term gain faster as its price moves quickly making it ideal for traders looking for quick gain.
In addition, your personal needs will influence the coin choice. Bitcoin is mostly for a transactional purpose, making it ideal for payment or store of value. Ethereum is more flexible as it serves various purposes from transacting and storing value to needing it to write smart contracts on the Ethereum chain.
Where can I exchange BTC for ETH?
You can convert Bitcoin into Ethereum on several exchanges including SimpleSwap, Easybit, Swapzone, Changelly, ChangeNOW, etc.
How many BTC is one ETH token?
As of September 28, 2021, one ETH will get you 0.07 BTC.
What is the real-time BTC to ETH exchange rate?
The real-time exchange rate of BTC to ETH is 1 BTC = 14.29314127 ETH as of September 28, 2021.
Is it a good time to exchange Bitcoin to Ethereum?
Frankly, there’s no good time or bad time to convert Bitcoin to Ether. The price of cryptocurrencies is quite volatile as they may see a continuous upward trend in weeks only to see a drastic downtrend in a day. However, investing in cryptocurrencies like Ethereum is ideal for long-term gains.
Why is Swapzone the best place to exchange BTC to ETH?
Swapzone provides you with a variety of exchange deals for your BTC to ETH exchange. You can choose the offer that suits you the best depending on what you’re seeking: the lowest rate, the fastest time or the top-notch 5-star rated exchange provider. Additionally, Swapzone doesn’t require you to create an account and store funds on its platform. It makes Swapzone non-custodial and private. Moreover, Swapzone has lightning-fast customer service and an easy-to-use interface good for both crypto newbies and trading professionals.