Top Platforms for the ETH to BTC Exchange
The word through the grapevine is that the crypto markets are heating up for a new bullish cycle. With Bitcoin halving in April 2024 and approvals of BTC spot ETFs in January 2024, the upside potential is palpable.
Consequently, investors are looking for the best ways to exchange ETH to BTC safely and reliably. This article will list three of the best solutions and provide their pros and cons. To top things off, we will accompany each entry with a short guide to help you with your first swap.
Let’s get started.
Godex
Godex is a cryptocurrency exchange that focuses on anonymity. To achieve this, the platform doesn’t require you to register an account or provide any personal data. Instead, all you need to do is provide your blockchain address where you want to receive your BTC and send the ETH to the platform.
Benefits of Using Godex
There are many benefits to this approach. First, you will avoid KYC procedures that are both tedious and invasive of your privacy. This enhances your security, as your crypto holdings remain dissociated from your identity in case of a data breach.
Moreover, there’s no need to deposit or withdraw assets from a custodial wallet controlled by the exchange. Instead, you just send your ETH and the platform sends your BTC directly to your personal wallet address.
Worth noting is that Godex lists more than 300 different cryptocurrencies. The best part is that every asset can be swapped for any other, creating thousands of possible trading pairs like XRP vs USDT.
How to Swap ETH for BTC on Godex?
Swapping ETH for BTC on Godex is entirely streamlined and beginner-friendly. All you need to do is:
- Visit godex.io and select ETH in the left drop-down menu and BTC in the right one.
- Type in the amount of ETH you wish to swap and click on “Exchange.”
- Provide the BTC address where you want to receive your coins.
- Follow the instructions to complete the payment.
After finishing your transaction, you should receive Bitcoin in your wallet within minutes.
Atomic Wallet
Atomic Wallet is a non-custodial wallet app that comes in many forms. This includes mobile and desktop apps, as well as a browser extension for web3 access. The Atomic apps have integrated swaps that allow users to exchange major cryptocurrencies like ETH and BTC among a few others.
Benefits of Using Atomic Wallet
The main benefit of using Atomic Wallet is that you conserve your privacy and never send out your assets. The wallet integrates an ETH/BTC swap, allowing you to directly exchange your assets. That said, the swap rates can be somewhat pricey compared to using exchange platforms.
How to Exchange ETH for BTC in Atomic Wallet?
Here’s how to exchange ETH for BTC in Atomic Wallet:
- Install Atomic Wallet on one of the supported platforms.
- Select the “Swap” tab.
- Choose ETH as your sending currency and BTC as your receiving currency.
- Complete the transaction within your wallet.
After the transactions are confirmed, your BTC balance will be updated with your new coins.
LetsExchange
LetsExchange provides quick swaps for more than 4,000 cryptocurrencies. Similar to Godex, this platform doesn’t require you to register an account.
Benefits of Using LetsExchange
The main benefit of using Letsexchange is conserving your anonymity. You will never need to provide your information before using their services. Moreover, the exchange provides floating and fixed rates. Depending on the volatility of the market, you can choose the more advantageous option.
How to Convert ETH to BTC on LetsExchange?
LetsExchange’s swapping interface is fairly simple. In the “Swap” tab:
- Choose ETH in the top “You Send” menu and BTC in the bottom “You Get” menu.
- Input the amount of ETH you want to exchange and click “Exchange.”
- Paste your BTC address and provide an optional ETH address for refunds.
- Finalize the payment.
This will complete your transactions and credit your BTC wallet with your coins within an hour.
How to Choose the Best Platform?
Choosing the best platform for swapping crypto can be challenging. You need to be able to rely on the security and privacy these platforms provide. At the same time, they need to offer cost-effective swaps to allow you to keep most of your profits. In this regard, Godex comes out as the winner out of the options listed in this article.