Exchange Ethereum ETH to Bitcoin BTC at best rates

Speaking of the reasons for exchanging one currency to another like BTC to ETH — it might be because one currency has more trading possibilities, has any significant features and maybe generally speaking people can exchange currency to expand their wallet portfolio. Taking ETH and BTC as an example — they’re both decentralized (yet not really, regarding Ethereum) cryptocurrencies. They both use blockchain technology, they’re traded using cryptocurrency exchange services and stored in different kinds of cryptocurrency wallets.

Buy Bitcoin with Ethereum

The growth of bitcoin in popularity gave the start for other cryptocurrencies — some were competing with it, yet some were exploring other mechanisms of encryption. They found different ways to apply something more than just transferring money using that technology. But the latter one has the potential to compete with bitcoin over time, just like it happened with Ethereum. Introduced in 2013 and launched in 2015, this currency can be viewed as a platform for smart contracts and decentralized applications and their management. It has its programming language that uses blockchain, therefore helping developers to create distributed applications. It also should be noted that cryptocurrencies can be exchanged one to another. Therefore it’s possible to convert Ethereum to Bitcoin using exchange platforms.

Ethereum ETH to Bitcoin BTC price details

Ether value, just like Bitcoin value, is volatile. Therefore, it’s never static and changes quite rapidly, influencing not only the value itself but also exchange rates on different platforms. The latter topic and the topic of choosing the best crypto exchange is tackled in our How-to. However, some points can let a person understand, why does the price of the crypto change:

  • Media influence
    The media can do miracle things sometimes — both in a good way and a bad one. Sometimes the right spotlight on a new or uprising crypto can make it possible for the value to skyrocket, because of all the people buying it and investing in it. However, the opposite has the same probability. If there’s some drama or a scam or anything else negative in which the currency is involved, people will desperately try to sell the currency out before its price drops.
  • Liquidity
    In terms of crypto, it means the degree to which something can be sold or bought in the shortest time and without affecting the stability of the price. In other words, it means how quickly something can be converted into cash, but from the perspective of cryptocurrency that mostly means how one currency can be converted into another. The higher the liquidity, the quicker the transactions, the stability of the market is higher, and the prices are established fairly. The liquidity itself can become greater of, for example, there’s a higher number of crypto exchanges or it’s traded in higher volumes.
  • Other
    It’s also important to mention that different platforms do have different prices regarding exchange pairs. Mainly it’s because every platform has its volume of currency traded. Not every platform might have Bitcoin as their number one traded currency, for example. Therefore, the price depends on the demand and supply of the users of the exchange platform. But it’s mostly relevant to the market with the greater exchange volumes on a platform.
Best bitcoin exchange rates

Ethereum (ETH) to Bitcoin (BTC) anonymously

Another question that might be arising — are there any problematic places about anonymity and fees on those platforms? One thing that should be noted about exchanges is that anonymity can be compromised during exchanges. Of course, it’s less possible to de-anonymize transactions and the person who made them on an exchange platform. Yet there are some internal rules and safety measures that the platform takes to avoid fraud or any other abuse of the system. All of the transactions are viewed because of the blockchain, so there’s an extremely brief possibility that someone would exchange stolen currency or anything like that. Certainly, people don’t like having their data exposed to a million others. Just as much as they don’t like getting into really long and tedious situations with authorities, so a lot of people would get into anonymous or semi-anonymous exchange platforms. Even though every platform is willing to exchange and most likely does it according to their own rules (duh), they’re still considered to be — and registered in a country as — organizations and they do follow the law of the relevant country. The law might imply a need to take a closer look for any suspicious transaction, so it’s essential to choose an exchange platform considering this aspect.

In other words, people who trade Bitcoin have a short-term interest in it and are able to make money via selling the currency, while those who invest in it see the long-term potential of it, including growing rates that affect the value itself.

Ethereum to Bitcoin without hidden fees

As it’s been discussed before every platform has its pricing on an exchange, just like their rate. Some platforms might tease newcomers with zero fees, yet if it’s too good to be true, then it’s highly possible that it’s not true. There are several ways to get the math right and to understand whether you will lose money investing with a certain platform and their hidden fees or won’t:

  • Wallet fees
    This point is a bit complicated because there’s no necessity in using a specific wallet for transactions and storing crypto. Because creating a wallet and executing transactions with currency can be done on the blockchain. Some people that have enough knowledge in programming can (and almost surely will) access using the blockchain in that way by themselves. Yet it shouldn’t be a restriction for accessing and using the cryptocurrency, so there were developed wallets with way more user-friendly interface. But updating and developing these wallets isn’t free, so there might be really small fees that are charged after making a transaction. However, some open-sourced wallets don’t have such a fee.
  • Network fees
    Every platform has the fees that keep it up and running and also, because of the decentralization of the cryptocurrency, a person needs to pay network fees for using the blockchain. That fee is paid to the miners and called transaction fees. It’s possible, however, to choose to pay the lowest possible fee, yet it might be even worse than paying more. First of all, with the lower transaction fee comes the longer waiting time. Second of all, the miners themselves are interested in solving the block with higher fees. Therefore the priority of the transaction is set by the value of the fee that the person would pay. These fees are usually not that big, if, say, a person sends a big amount of money. But the smaller transactions might lead to more significant fees.
  • Fees hidden in rates
    Exchange platforms do have one trick that might confuse those who aren’t acquainted with the crypto well enough. Most of the exchange platforms charge for an exchange person because they’re acting as a middle person that has some available currency. They might propose that they have no fees whatsoever, yet here’s a trick — they might not have them, but they sell at a higher rate. Also, platforms can cash out on the need for an instant trade — for example, the transaction fee for an instant one might be up to 28 times more than the exact fee for a usual trade.
Bitcoin to altcoin exchange

A better place to convert ETH to BTC

So, can those fees be called hidden? Some of them — yes, especially those that are hidden in higher rates. Yet it’s up to the person that wants to find a better place for investment and trading to find about those fees on a platform that they want to use and not to lose money while converting Bitcoin to Ethereum. Not every platform honestly and instantly tells its users about all of the fees that they have, but Swapzone allows users to see hidden fees. Swapzone also helps to decide to choose the best cryptocurrency exchange platform by acquiring offers from a range of partners and letting users choose the best exchange rates for them.

How to get Bitcoin?

Swapzone accumulated all the convenience of a swapping service along with the best rate option and safety of the whole process of the exchange. There is no need using any supporting documentation, nor registration in the system.

To exchange Altcoins to Bitcoins with us is as simple as that:

  1. Go to Swapzone.
  2. Select the currency you want to exchange in the Deposit list.
  3. Select the currency you would like to have in the Receive list.
    You will see the best rates of our partners available for you in the next field where you just need to choose the most profitable one.
  4. Click the Exchange button to proceed. In the Exchange field enter the amount you want to exchange.
    You will then see the estimated value you are going to receive after the exchange. Please, note that the amount you see can be changed due to current rate fluctuation.
  5. Enter the recipient’s address. Make sure you have entered the information correctly. The exchanged currency you need will be sent to this address.
  6. Check the information once again. If everything is correct, push the button Proceed the Exchange.
  7. After that you will see the deposit address in the Top up field. You need to send the necessary amount of currency you want to exchange to this address.
  8. Allow the transaction some time to proceed and the Coins you need will be transferred to you!