Bitcoin and Ethereum have been steadily holding the first and second place in all cryptocurrency ratings for many years. Even those whose interests are far from the world of cryptography have heard about them, and direct acquaintance with the cryptocurrency market begins with these coins.
Why Bitcoin and Ethereum are so popular
The brainchild of Satoshi Nakamoto, Bitcoin was launched in 2009. The digital decentralized coin was created with an ambitious goal: to replace the cumbersome, conservative banking system over time. And judging by the current trends, Bitcoin is moving fast enough to achieve the goal.
The second successful cryptocurrency project was Ethereum, a coin and network designed to create and host smart contracts and decentralized applications.
Both coins have a rather rich history, many people are interested in them, including big business, they are gradually recognized as a full-fledged means of payment in different countries of the world.
Virtual coins based on blockchain technology are very difficult to steal and impossible to counterfeit, they do not need bulky safes to store them - a huge fortune fits on a small device like a key chain. You can always carry them with you and spend anywhere in the world where there is access to the Internet.
Ever since cryptocurrency has been viewed as an investment tool, Bitcoin and Ethereum have invariably been present in the investment portfolios of many large investors. The cryptocurrency market is very volatile and many speculators see their chance in this.
It is fair to say that there are islands of stability in the raging ocean of prices, coins called stablecoins, such as Tether and BUSD. Their cost is pegged to the US dollar, so the BUSD price remains almost unchanged.
Where to change Bitcoin to Ethereum
Due to their popularity and demand, both coins are supported by all cryptocurrency exchanges and instant exchange services without exception. Moreover, the ETH / BTC trading pair is almost universally supported on exchange platforms.
Coinbase
Coinbase is supported by the fact that it is listed on the Nasdaq. In addition to Bitcoin and Ethereum, over 80 coins are traded on the exchange. Among the strengths of the exchange, it is worth mentioning the high level of security of users' assets. In case of losses incurred through the fault of the exchange, an insurance fund is provided.
The main disadvantage of the site is a rather high percentage of commission fees and their complex structure.
Kraken
Kraken is one of the oldest cryptocurrency exchanges with a good reputation. It is a real exchange with margin trading and therefore its interface is rather complicated for a beginner. In addition to Bitcoin and Ethereum, they also have other coins available, including particularly risky ones such as Dogcoin.
Among the shortcomings, in addition to the already mentioned complex interface, it is worth mentioning the problems with two-factor identification.
Binance
The largest cryptocurrency exchange currently in existence with a huge selection of coins. Among the undoubted advantages of the site:
- Low fees;
- Fast transactions.
The site has a version for serving customers from the United States, but here many opportunities are missing and the site itself is not available for all states.
LetsExchange
The easiest, fastest and most secure way to convert BTC to ETH is to use the services of the LetsExchange instant exchange service. Unlike traditional services, you do not need to register an account and provide any personal information. The only thing that may be needed is your e-mail, but only if you need a receipt with the details of the transaction.
