How to convert Bitcoin to Electroneum?

how to convert electroneum to bitcoin

In this article, you will find how to exchange Electroneum to Bitcoin (or vice versa), learn why to use Electroneum and where to store ETN coins.

Financial experts have always focused on bringing ease and comfort to the economic world. This comfort could only be brought by bringing hassle-free and innovative ideas in the field of payment transfers. Electroneum has been causing a spur in the crypto market lately for the very reason. It was created to bring straightforwardness for population sectors that had no access to banking systems and also for users with no credit cards or any other payment methods. It is gaining more popularity day by day, as people across the world explore its usability. Electroneum's use case is an evolutionary step in the crypto world.

According to experts, this innovative use case has added value to the end-user and has created a notion that crypto can be focused on utility. Electroneum has solved many problems by acting as a medium of exchange that can be operated by mobile phones. You can use it for mobile top-ups as well as for shopping for goods and services around the world.

What is Electroneum?

Electroneum is a UK-based cryptocurrency network. It was mainly designed to bring financial services accessible to those devoid of banks and other conventional procedures. It was launched in 2017 with an Initial Coin Offering of 40 million. Over one billion people in the world do not have access to banks. Electroneum's main goal is to empower this deprived part of the population with the necessary tools to carry out financial activities. It stands tall as the pioneer of mobile-first crypto payment solutions. You can even mine electroneum coins on a mobile phone. It is the friendliest cryptocurrency for mobile gaming and gambling markets.

It surpasses all hurdles and brings comfort in wallet management and coin management. Although we owe the success of cryptocurrency to Bitcoin's popularity, cryptocurrencies such as Electroneum have surely changed the way cryptocurrencies operate. The innovative blockchain on which Electroneum is based has dominated the mobile market. It has taken a step further into making transactions easy, secure, and fast. Now you can transfer money, bet on live sports, buy goods and services without the need of any third party or a bank with just a mobile phone and a live internet connection.

Does Electroneum have its own coin?

Yes, Electroneum has its own coins. You can exchange these coins from Bitcoin on any of the Electroneum coin exchanges including Swapzone aggregator. There are over 20 billion coins that have increased the palatability and accessibility of Electroneum in the market. This, in turn, has led to increased capitalization of ETN vs. BTC. The founder of Electroneum was once found saying that it is very hard to buy Bitcoin, so he wanted a cryptocurrency that is easier to buy and use. That is why Electroneum is developed, keeping a regular mobile user in mind. The algorithm used in ETN mining is called Cryptonight poW. It is a well-known and accredited algorithm.

After discussing the significance of Electroneum and its coins, we now answer questions such as how do I exchange ETN with BTC? Or specifically how to convert Bitcoin to Electroneum? You can easily convert ETN to BTC by using a trusted exchange aggregator, which brings many platforms under a single virtual roof. Thousands of users have been benefitting from the transparent and trusted services offered on Swapzone.

How to convert Bitcoin to Electroneum?

electroneum coin exchange

Swapzone offers an easy exchange platform for people who want to convert their Bitcoins into Electroneum. Users only have to follow a few steps to make the conversion instantly. These steps are noted down below:

  1. Go to Swapzone.io to get your work started.
  2. Select BTC in the Send section.
  3. Specify the total amount of Bitcoins you are going to exchange.
  4. Select Electroneum (ETN) in the Get Up To section.
  5. Review the offers on the screen. You will find multiple offers with the best Electroneum rate listed at the top. You can also see how many minutes it would take for you to complete the exchange.
  6. Confirm the offer you wish to utilize and then enter the wallet to receive ETN coins.
  7. List the address that will take BTC.
  8. Wait for the deposit to be processed by the exchange service and the BTC to ETN exchange to be done.
  9. Do not forget to rate the exchange partner, so we can gather more information on the exchanges for future users.

Why use Electroneum?

As discussed previously, the most promising feature of electroneum is that it can be mined even on a mobile phone. If you live in an area where there is no bank, Electroneum payment services can be the best option for you. This does not mean that to use Electroneum, you have to be living in such remote areas. If you are anyone who wants to bring the crypto world into your hand, you should consider Electroneum. As you can convert it into many other cryptocurrencies or convert other cryptocurrencies into it, you are not restricted in any way. The most loved exchanged pair is the conversion of bitcoin to electroneum and vice versa.

Electroneum has developed a freelance marketplace known as AnyTask.com, which is benefitting thousands of users. It is, in a way, a non-profitable Freelance market in which sellers can sell their services free of cost and get paid in Electroneum or electroneum exchange rate. The use-case of Electroneum does not end here. The developers have also come up with another charitable platform known as ETNDonate.com, whose main target is to allow charities to grow and promote themselves for free. Through this initiative, charities can receive international funds in ETN without any cost using the fast electroneum transaction time and transfer it to any part of the world.

Where to store Electroneum?

If you are planning to convert your Bitcoins to Electroneum, it is very important that you know how and where to store Electroneum. The Crypto world is very cruel; therefore, it is equally important to protect your asset as it is to buy at the right time. You can store Electroneum coins in an offline wallet known as the offline paper wallet. It is actually a pdf file consisting of a collection of private or public keys as a representation of your coins.

Conclusion

No doubt, with Electroneum, various services have been brought in a single digital currency. But it is important that if you are interested in converting it into other cryptocurrencies or buying it with any other, you choose a trusted platform such as the Swapzone. On Swapzone, You get the best and fastest swap deals.