Tips To Convert Ethereum To Bitcoin
Ethereum cryptocurrency is rightfully one of the most popular payment systems. Its developers sought to create an alternative to Bitcoin with an emphasis on smart contracts that provide additional security for transactions. At the moment, “smart” contracts are used everywhere, and therefore the cryptocurrency has received wide publicity.
Bitcoin is a payment system that is the most widely used cryptocurrency in the world. Created by an anonymous developer under the nickname Satoshi Nakamoto, Bitcoin allows for confidential transactions in different directions. Digital coins are common all around the world.
There are thousands of altcoins, many of which are modeled after Bitcoin. But only a few of them are significantly ahead of their ancestor in their characteristics. If you want to convert Ethereum (ETH) to Bitcoin (BTC), use the services of the exchanger.
As the price of bitcoins has skyrocketed, it has attracted public attention. But did you know that there are many other cryptocurrencies, like bitcoins, that you can buy.
Since these coins have not yet reached their heyday, they are inexpensive, but the opportunities for profit from them are enormous.
Therefore, it is wise to invest in altcoins or convert some of your bitcoins to Ethereum, Litecoin or others.
You can convert Ethereum to Bitcoin on the following cryptocurrency exchanges:
Let’s give one example of convert ethereum to bitcoin on the Binance exchange.
Binance is one of the best and largest cryptocurrency exchanges. On it, you can not only buy almost any cryptocurrency, but also trade it successfully using Binance margin trading.
The Binance platform is very convenient for exchanging and trading cryptocurrencies, although it may seem a little complicated for newbies. But don’t worry, we’ll walk you through step by step how to exchange BTC for ETH for Binance.
Create an account on Binance.
In your account control panel, click on the “Deposit” button. Of course, you must already have Bitcoin in order to make a deposit. If you don’t already have it, you can buy it directly from Binance.
Copy the address of your exchange BTC wallet. Send bitcoins to it from your cryptocurrency wallet. BTC will go to your Binance wallet.
After depositing bitcoins to your wallet, go to the Binance exchange.
Binance is a very convenient exchange and we use it to buy many cryptocurrencies. By the way, Ethereum on Binance can also be bought with a credit card. This is the most convenient way to convert Ethereum to Bitcoin.
So, this was a detailed tutorial on convert Ethereum to Bitcoin. You can use both of the above methods to convert different altcoins to each other. For example, Bitcoin to Litecoin, Ethereum to Litecoin, Bitcoin to Dash, Bitcoin to Monero, Ethereum to Golem, and so on.