Working in the cryptocurrency market involves specific nuances. This is due not only to the basic principles of the functioning of all ecosystems, which consist of complete decentralization and commercial regulation of the value of digital money. It is precisely due to these basics that excellent prospects for making money are formed, and in the amount of substantial profits even from a minimum starting capital. Experienced traders already understand which cryptocurrencies are best to sell and buy. Beginners will have to figure out the basics. For example, first of all, you must familiarize yourself with the list of the most popular types of digital money. This is not only Bitcoin but also Ethereum.
Moreover, the second ecosystem provides more extensive functionality, including creating decentralized applications on a unique blockchain base. Due to this, the cost of ETH is steadily increasing. Accordingly, based on this information, we can safely say that exchanging Bitcoin (BTC) to Ethereum (ETH) is a profitable activity that promises considerable profits. To be technically able to carry out such actions, deciding on the service through which transactions will be processed is necessary. There are several options.
The best platforms to use
Given the very high demand for this type of cryptocurrency, it is supported by many services. This:
- crypto wallets;
- crypto exchangers;
- crypto exchanges;
- P2P services.
Exchanging cryptos through an exchanger is the most profitable and fastest way. You can find the list of exchange websites on bestchange.com. However, it is still worth considering the pros and cons of other options.
Crypto wallets are an opportunity to convert digital money without additional commission. However, the functionality provides for working only with digital money. For example, you can transfer BitCoin cryptocurrency to Ether, but it will not work to fiat. The transaction timing depends on miners’ workload and a particular platform’s structural features.
Crypto exchanges are an option in which it is possible to make transactions as safely as possible due to built-in automatic tools.
P2P is a service where Ether cryptocurrency exchange transactions are carried out directly between private cryptocurrency owners. The level of legal liability is relatively low. But the commission and exchange rate are the most favourable.
Ethereum exchanger – advantages and choice of platform
Selling or buying cryptos through an exchanger are excellent prospects for profit. The main advantages of interacting with such platforms are the following factors:
- a large number of currency pairs for which transactions can be carried out. That is, you can not only exchange Ether but also use hundreds more combinations of fiat and digital currencies, and all this expands the available number of tactics, strategies, and financial instruments;
- the optimal amount of associated expenses – as a rule, the withdrawal of Ether is carried out on the standard terms of a particular service, that is, at a fixed commission for the company’s services. This makes it possible to pre-calculate the profitability of the transaction as accurately as possible;
- high reliability and security in any transaction – reputable companies that provide the opportunity to make ether exchanges, implement modern protocols and systems on websites to prevent fraud and hacker attacks;
- additional opportunities to increase business profitability – an ether exchanger that has been on the market for a long time certainly provides the opportunity to receive extra income from a loyalty or affiliate program.
Good Ethereum and BitCoin cryptocurrency exchanges are those where customer support representatives respond as quickly as possible and complete transactions instantly. Find more info on bestchange.com/wiki/article-bitcoin-transactions.html. A positive factor is the variety of transaction methods – manual and automatic. The second is used in most cases, and the manual mode is used if you need to sell ETH (Ether) for fiat cash, which involves visiting the actual branch of the company or meeting in person with a representative in a convenient place.