Friday August 12, 2022
Edit
Ringomo Ringomo
  • most recent news
  • trending news
  • most read
  • All Video
  • Image gallery
  • more
Salesforce acquire slack
Business

Salesforce Acquire Slack: The

December 10, 2020
girl using phone while walking on footpath during pandemic
Technology

How Technology is Helping

December 10, 2020
AI Initiatives
Technology

5 Global AI Initiatives

December 15, 2020
Technology

Mom overturns wrongful in

March 17, 2021
Entertainment

Being elderly have per

March 17, 2021
Technology

Galaxy’s Edge the best

March 28, 2021
  • Accessibility
  • Help
  • Contact
  • About qoxag
  • Technology
  • Health
  • Marketing
  • Write For Us
Ringomo Ringomo

Breaking News

Why Outsource a White Label Marketing Agency?

Thermal vs Solar Energy: Which is Better?

How to test a web application: 6 simple steps

How Technology is Helping Humans to Survive a Pandemic?

Guide: Starting a Successful Marketing Company

Can I Spy on an iPhone

What Is the Photovoltaic Effect? Understanding the Basics of Solar

Sci-Fi Short Down To Earth Feels Like an Australian Stranger

Samsung Galaxy Note 20 Ultra Review: Phone Specifications

Salesforce Acquire Slack: The Future of Both Companies

  1. Home
  2. Finance
  3. How to Trade Bitcoin to Ethereum Easily
 How to Trade Bitcoin to Ethereum Easily
Finance

How to Trade Bitcoin to Ethereum Easily

by Kate Thrall December 27, 2021

After the recession of 2018-2019, the cryptocurrency market rushed up and set new records. The market accepts digital coins and the number of reasons for buying them has only increased.

The most attractive and in demand are invariably Bitcoin and Ethereum, both separately for investment and accumulation, and for trading. High market volatility is often viewed as a quick money-making opportunity, but this is only partly true.

Technically, everything is simple, but in order to increase your capital, and not multiply by zero, in addition to a reliable platform, you will need specific knowledge and a little luck. Let’s consider the technical side of the issue.

Choose a trading platform

Convert Bitcoin to Ethereum is offered by all cryptocurrency exchanges. For reasons of the safety of your finances, it is better to choose a site that appears in the first or second ten of the Coinmarketcap rating. The choice is quite rich, it can be Coinbase, Bitstamp, Coinmama, Bittrex, Binance, Gemini, Jobit, Kraken.

Choose a platform that offers various deposit replenishment options that are convenient for you. Actually, no one forbids having multiple accounts at different sites.

In addition, it is important to find out if the selected platform has a license. Find out how secure the site is and who is running the platform. Ask where the headquarters is located and with which countries the exchange works.

Create an account

When you have already decided on the exchange that suits your goals and needs, you will need to open an account. This is very similar to a similar procedure on a classic brokerage platform. You will be required to provide a name, address, and other forms of identification. As a rule, this procedure is performed quickly.

The last step is to verify the created account, if it is provided for by the rules of the trading platform. One or more actions may be required to confirm. You may be required to upload documents or a photo made in compliance with the specified conditions. The check will take from several tens of minutes to 1-2 days, rarely longer.

Make a deposit

After the successful completion of the previous stage, you need to deposit funds into the account in a way convenient for you. Please note that a deposit fee may apply and please keep this in mind. Perhaps it makes sense to replenish your trading account with the maximum amount you can afford.

On exchanges that accept fiat currencies, this is fairly straightforward. With C2C exchanges, it may be a little more difficult and longer.

Start trading

First, you need to study the interface of the trading platform. Ideally, it has a demo account for beginners, which can also be used to test a trading strategy.

Withdraw funds to the wallet

And finally: remember, no exchange guarantees 100% safety of your funds. Storing all your money in an exchange wallet is at least imprudent.

It is just as imprudent to invest everything in one type of asset. Diversifying your investment portfolio is the key to your financial future. Perhaps it makes sense to partially exchange BTC to XMR with alligat0r or additionally invest in more traditional assets.

Share This:

Previous post
Next post
Kate

Kate Thrall (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Recent
Blockchain

Polkadot or SafeMoon: what shot in 2022?

August 7, 2022
Blockchain

The Future of Free to Play Gaming

July 29, 2022
Business

7 Ways Big Data is Beneficial for

July 25, 2022
Technology

A Guide to Select the Best Network

July 14, 2022
RELATED Stories for you
Polkadot or SafeMoon
Blockchain

Polkadot or SafeMoon: what shot in 2022?

by Kate Thrall August 7, 2022

Shiba Inu, Dogecoin, and Dogelon Mars all reached astounding prices in 2021, making it

NFTs
Blockchain Technology

The Future of Free to Play Gaming

by Kate Thrall July 29, 2022

Free to play gaming platforms are becoming more popular with the introduction of blockchain

big data
Business Marketing

7 Ways Big Data is Beneficial for

by Kate Thrall July 25, 2022

The marketing industry is constantly searching for avenues to utilize the massive volumes of

Copyright © 2022 Ringomo. All Right Reserved.