BTC and ETH cryptocurrencies are becoming familiar and no longer perceived as alien to our world. As a result, many exchanges, services, and currency exchangers appear on the wave of popularity. You can swap these cryptocurrencies safely and anonymously. However, the variety available makes it challenging to choose the right ones. Thus, it is vital to understand which ones are the best.
Where to Exchange
There are many ways to swap cryptocurrencies. How and where to do it simply and safely?
Exchangers are a quick and easy way to convert cryptocurrencies. These services, as a rule, don’t require registration and identity verification, don’t charge additional fees, have a clear interface, and work with all kinds of exchange directions.
Exchangers take a special commission for the services provided. As a rule, its size is not disclosed but is included in the current rate. That is, users initially know how much they will pay and receive.
Unlike exchangers, a crypto online exchange acts as an intermediary between buyers and sellers of cryptocurrencies. The largest transactions are made on these services, but you have to pay high commissions for any actions – input, purchase, and currency withdrawal.
It is difficult for the user to understand whether the exchange is profitable. In addition, not all sites allow displaying electronic payment systems and bank cards. Because of this, you still have to work with exchangers, once again paying a commission. Also, crypto exchanges require registration and identity verification. But it is a safe and reliable way.
3. Crypto ATMs
It is an alternative way to swap cryptocurrency. Perhaps it is the ideal way to get ETH or BYC for users, traders, and investors who want to acquire a small amount. Therefore, most crypto ATMs don’t require KYC and AML identification.
This kind of ATM offers to replenish the wallet and withdraw money. Unfortunately, devices are installed only in large cities. Crypto ATMs take high commissions (5%), and there is a risk of using a device installed by scammers.
4. Another trader
Negotiating with a network member and making a transaction online or for cash without commission is possible. Still, it is risky since the partner can make a calculation at the wrong rate or even disappear after receiving the cryptocurrency.
To securely perform transactions with other traders, it is recommended to use P2P platforms. In this case, users make a transaction, and the service guarantees that one will not deceive the other. But the disadvantage of this approach is that the cryptocurrency is not always sold on the site quickly.
If you need to swap ETH to BTC quickly, you will have to set an attractive price for the buyer. Otherwise, they will prefer another seller whose digital coins will cost less.
5. Telegram bots
The messenger has channels that allow you to exchange crypto at a high rate and store money in a wallet linked to a Telegram account. But this option is risky. After all, the user entrusts the funds to an unfamiliar person.
So, you can swap ETH to BTC in different ways: exchangers, cryptocurrency exchanges, payment systems, crypto ATMs, and Telegram bots. Since the cryptocurrency exchange rate is unstable, the market trend is analyzed before making a transaction. The price difference can be noticeable even during the day. Therefore, you need to withdraw during the period of maximum value.
Today, hundreds of online services offer their help. Choosing those who operate for the first time will not be easy. But to simplify the task, you need to consider all the ways to swap cryptocurrency and then choose the most suitable one.