There are only a certain wallets which allow you to do Ethereum exchange.
But, before I proceed to explain the details on How to do exchange Ethereum, I’d like you to read and understand a few basic things.
When you have the knowledge of related things about Ethereum Exchange, only then you can easily grasp the initial concepts of cryptocurrency Exchange.
What is a cryptocurrency wallet?
A cryptocurrency wallet is a digital wallet which is used to buy, sell, store and trade your cryptocurrency (Ethereum).
Without the help of a wallet, it is not possible in any way to buy, sell, store or trade your Ethereum.
So, the basic requirement to get involved with Ethereum is to have a cryptocurrency wallet.
What is Ethereum Exchange?
For Most of the beginners, the term Ethereum exchange has two meanings.
- Some of the people think that it is the process of exchanging your money to Ethereum.
- And some of them think that it is the process of Exchanging a cryptocurrency to another cryptocurrency.
Well, to be true. Both the terms are correct to specify and converse about exchanging the cryptocurrency.
But in the world of the blockchain, Exchanging is widely known for Exchanging a cryptocurrency to another cryptocurrency. Around 65% of the people use this term.
Speaking of the remaining 35%, they are beginners and they search the internet with the intention of exchanging money to Ethereum (cryptocurrency).
In this article, I’ll explain both the above ways to exchange Ethereum.
First I’ll demonstrate on how to exchanging one cryptocurrency to another cryptocurrency.
And then I’ll demonstrate on how to exchanging money to cryptocurrency.
How to exchange Ethereum (one cryptocurrency to another cryptocurrency)
Let’s just say you have bitcoin with you and you want to exchange it to Ethereum.
In order to do this, you’ll require an account in a cryptocurrency exchange wallet.
There are not many exchange wallets which permit you to exchange cryptocurrencies.
Only a few exist, and the top wallets among them are.
Both of the wallets are good and have a simple user-interface.
They have a dedicated support team to look at any issues and a few safety actions are implemented to keep your cryptocurrency safe from hackers.
All you’ve got to do is create a wallet account with any of the exchange wallets.
Once you do it, you’ll get access to your wallet dashboard. From there just navigate to exchange and select the cryptocurrency you’d like to exchange, select confirm and you’re all done.
If you want to know which cryptocurrency exchange wallets are the best, then you must read the below-linked article.
How to exchange Ethereum (money to cryptocurrency)
If you want to exchange your money to Ethereum, you need to create a wallet account with cryptocurrency buy and sell websites.
These wallets give you the possibility to buy and sell Ethereum from the wallet dashboard without any difficulty.
Below are 2 wallets which allow you to buy and sell Ethereum.
Both of these wallets are easy to use. There are thousands of users who are using these wallets for buying and selling Ethereum.
There are millions of trades made already with these wallets. And this is what makes them trustworthy.
If you want to know which cryptocurrency wallets are the best for buying and selling Ethereum then you must read the below-linked article.
The process is very easy. You just have to,
- Create an account and access your wallet.
- Navigate to buy Ethereum menu.
- Select the price from the options you want to purchase it for.
- Make the transactions. It’s that simple.
I’ve made sure to explain two ways of exchanging cryptocurrencies.
And I assume you’ve understood the ways by which you can make Ethereum exchange possible.
The process is very simple and easy to understand. You need not worry about anything. Just do as I’ve explained in this article.
I’ve also linked two articles in this post for best exchange wallets and best buying and selling wallets.
You can visit them and choose the one which best suits you.
If you wish to know anything about Ethereum, then do let me know.