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BTC to ETH price details
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Bitcoin to Ethereum exchange details
What is Ethereum?
Ethereum is the second largest cryptocurrency (by market capitalization). It revolutionized the crypto space by implementing the concept of “Smart Contracts” on a blockchain. Some refer to Ethereum as “Blockchain 2.0” or “Second Generation”. It allows the creation of ERC-20 tokens, which are third party coins anyone can create, using the Ethereum network to operate. Its token ETH is used for paying transaction fees on the network.
Trade BTC to ETH at the Best Rates | Buy Ethereum with Bitcoin | Bitcoin to Ethereum Exchange
Bitcoin and Ethereum are the two largest cryptocurrencies by market cap. Undoubtedly ETH/BTC pair serves the needs of many crypto traders looking for ways to diversify their portfolios.
Both cryptocurrencies are on the top 5 of total volume traded daily, making both of them really easy and fast to exchange given their liquidity. This also helps transaction speeds. However, it is always important to consider that ETH and BTC operate in two different blockchains, so total transaction time will depend on each blockchain’s congestion. Usually Ethereum network transactions takes less than 5 minutes whereas Bitcoin transactions usually take longer.
You should not have any hard time trying to exchange ETH or BTC given their daily volume. Unlike less liquid coins, you can exchange high amounts of Ethereum without major concern that your trade could rise or lower market prices, making your trade less favourable for you.
How to Buy Ethereum
Switchain offers a possibility to check the most relevant Ethereum price and allows to buy and sell Ethereum at the best rates with no account registration required. Our user interface provides an easy way to convert Bitcoin to Ethereum. Switchain doesn’t keep your coins at any moment, and you will receive Ethereum in your own wallet once the BTC to ETH exchange is completed.
We always recommend users to store their cryptocurrencies in personal wallets rather than in exchanges. There is a variety of alternatives for you to choose: hardware, desktop, mobile wallets, and not all of them are always compatible with every cryptocurrency.