In this post, I’m going to show you EXACTLY how to convert bitcoin to ethereum easily and securely.
In fact, this is the exact process that I use to convert bitcoin to ethereum using Coinswitch and Changelly.
So, if you want fast, easy, and secure ways to convert bitcoin to ethereum, then you’ll love this new tutorial.
Let’s dive right in…
Before you start converting bitcoin to ethereum, there are basic things you need to be in place in order to have a successful exchange.
This basic necessity includes:
For a wallet, you will need a secure wallet in which you can store your ethereum.
There are numerous cryptocurrency wallets out there but not all of them are secured.
That's why I always recommend a hardware wallet.
For software wallets, you can use Blockchain.com, Metamask, or MEW (My ether wallet).
Always note that storing your coins on a hardware wallet is more secure than storing it in an online wallet.
And the least secure way of storing your coins is doing so on an exchange like Coinbase, Binance, Luno, etc.
In these exchanges, you do not have control of your private key which makes it much easier to lose your funds to hack or if the exchange shuts down.
Secondly, you will need some bitcoin in order to successfully convert it to ethereum.
If you do not have bitcoin, you can check out this guide on how to get some easily and securely.
And if you do, then you are ready to start swapping your coins.
Let's get started.
How to Convert Bitcoin to Ethereum on Coinswitch
Coinswitch is a cryptocurrency exchange aggregator that acts as an intermediate between exchange platforms and users.
Their platform enables you to choose the exchange platform and rate you find favorable.
On Coinswitch you can exchange over 300 cryptocurrencies.
You do not need to create an account in order to convert bitcoin to ethereum or other altcoins, plus their exchange minimum amount is 0.000633 BTC.
Also, Coinswitch charges a flat fee of 0-0.49% depending on the exchange platform you select or your transaction.
Here are 4 easy steps to convert bitcoin to ethereum on Coinswitch.
1. Choose Your Cryptocurrency Pairs
To get started, visit Coinswitch and choose your cryptocurrency pairs.
In the "You send" box enter "bitcoin", and the "You get" box enter "ethereum".
Then, click on the "View All offers" button to continue.
2. Select an Exchange Platform
Coinswitch will list out a couple of available exchange platforms with their rates to you.
Here you will have to go through them to find the most suitable for you in terms of price.
Coinswitch will also recommend some exchanges to you and this tends to be helpful in choosing the right platform to use.
Next is to choose an exchange platform.
o for the purpose of this tutorial, I choose Binance as the exchange platform to use for the conversion of the bitcoin to ethereum trade.
Click the "exchange with Binance" button to continue.
3. Enter Your Ethereum Address
Then, click "Next" to send bitcoin.
4. Send Your Bitcoin
Copy and send your bitcoin to the address generated to you.
Then patiently wait for your transaction to be confirmed on the blockchain.
Once your transaction has been confirmed, you will receive a notification on your Coinswitch dashboard.
Now, you can check your ethereum wallet to confirm you have received your funds.
You have successfully converted your bitcoin to ethereum.
How to convert bitcoin to ethereum on Changelly
Changelly is a cryptocurrency exchange aggregator that enables you to exchange, buy and sell cryptocurrencies.
Unlike Coinswitch, which allows you to choose the exchange platform and rates you want, Changelly does the work for you.
They help you choose the best exchange platform with the rate.
The platform offers 150+ cryptocurrency exchange pairs with a fee of 0.25%.
Changelly exchange interface is pretty straightforward and easy to use for beginners and pros.
Here are 3 easy steps to convert bitcoin to ethereum on Changelly.
1. Choose Your Crypto Pairs
To get started, visit the Changelly website.
Select bitcoin (BTC) and enter the amount you wish to convert on the "You send" option of the form.
Next is to select ethereum (ETH) and enter an amount on the "You get" option of the form.
Then, click on the "Exchange now" button to proceed.
Note that the minimum amount of BTC you can swap on Changelly is 0.001875 BTC.
You can use the floating rate or fixed rate in your exchange, it all depends on your choice.
Converting with the floating rate allows your amount to change depending on the market condition.
While the fixed-rate makes your amount remain the same irrespective of the market condition.
In this tutorial, I am going to use the floating rate in converting bitcoin to ethereum.
2. Enter Your Ethereum Address
Enter your ethereum wallet address, this is where your ethereum will be sent once your transaction is complete.
Kindly double check your address for accuracy before clicking on the "Next step" button.
Before you make a payment, you will have to create an account or Login in other to proceed to checkout.
Now, click on the "confirm make payment" button to continue.
3. Send Your Bitcoin
In this step, you are required to send the amount of bitcoin you wish to convert to the bitcoin address generated to you.
After you have sent your bitcoin, you have to wait for the transaction to be confirmed by blockchain.
Once your transaction has been confirmed, you will receive your ethereum in your wallet.
Transactions on Changelly usually take between 5-30 minutes to be completed.
If you think your transaction is taking longer than usual, you can always check your transaction history in your account in order to know the state of your exchange.
There you have it, the 3 easy steps for converting to bitcoin on Changelly.
Now It’s Your Turn
I really hope you enjoyed my guide on how to convert bitcoin to ethereum.
And now I’d like to hear from you.
Which exchange platform from today’s guide are you going to try first?
Are you going to use Coinswitch?
Or maybe you want to use the fixed rate by Changelly to convert your bitcoin.
Either way, let me know by leaving a quick comment below.