If you want to buy Ethereum with bitcoin, it can be done easily with just a few simple steps.
But before that, let me just brief you a little on what change has Ethereum made in today’s world.
Ethereum is growing and is gaining huge demand from people all over the world.
Information technology industry has also begun to adapt Ethereum.
Ethereum is also said to overtake bitcoin in the coming years and today Ethereum is said to be one of the top blockchain based platforms present.
All of this is not just because Ethereum is a cryptocurrency.
What is Ethereum?
If you know Ethereum only because it is a cryptocurrency. Then you must also know that Ethereum is a decentralized blockchain based platform for smart contracts.
You can create and build software and applications and also you can host it on a cloud with minimum funds required.
The above is just a small example of what Ethereum can do.
Just think about it, if Ethereum is called the web 3.0 (the third generation of the internet) then what are the possibilities it provides us.
And that’s why Ethereum is skyrocketing its success in the information technology industry.
Now, lets come to the cryptocurrency part of Ethereum.
What is Ether?
Every blockchain has its own token.
And a token name is the cryptocurrency name of the respective cryptocurrencies.
In this case, The token name of Ethereum is Ether.
So, Ether becomes the cryptocurrency name of Ethereum.
Now let’s talk about How to Buy Ethereum With Bitcoin, and I assume the above information about Ethereum is enough for you to understand the basic concepts of Ethereum.
How to Buy Ethereum With Bitcoin
If you want to buy Ethereum with bitcoin, you’ll then need a cryptocurrency wallet which allows you to exchange bitcoin to Ethereum.
And there are only a few wallets with which exchanging cryptocurrencies is possible.
To provide you the best and trusted list of exchange wallets I’ve made a small research and listed the top best wallets for you.
Cex is the best when it comes to exchanging of cryptocurrencies.
If you want to buy Ethereum with bitcoin, all you need to do is create a wallet with cex, and under your wallet dashboard just go to exchange, then select the cryptocurrencies you’d like to exchange. It is just so simple.
The reason why cex tops this list is, the time and the process of the exchange are very simple and fast.
You need to wait like other wallets for hours or days after the exchange is made to see the results.
Kraken is used by thousands of people and is considered easy to operate.
The process of exchanging cryptocurrencies are similar to cex and the results are fast as well.
There is a huge debate when it comes to which is the best exchange wallet? cex or Kraken.
Most of the people prefer Kraken over Cex because Kraken has built its trust over the cryptocurrency world.
With over millions of transactions and exchanges made using Kraken by people all around the globe, it is hard to compare between cex and Kraken.
Poloniex specializes in exchanging, trading and lending. It is said to be the worlds most active digital asset exchange cryptocurrency wallet.
It also has a few security features which provide safe exchanging of cryptocurrencies.
They have amazing features to store your cryptocurrency safe and away from hackers.
Majority of the cryptocurrencies are stored offline in air-gapped cold storage, which reduces the risk of hacking by a significant number.
Coinbase is said to be the leader in buying and selling digital assets.
It is used widely for few purpose and that buying, selling and storing cryptocurrencies.
But, when it comes to exchanging, coinbase is not much preferred by users.
Though they have an amazing security feature with an easy exchanging system, the process is somewhat time-consuming.
This is what people who have exchanged cryptocurrency with coinbase have said.
The Safest, Fastest Asset Exchange on Earth. This is what Shapeshift says about itself.
I’ve observed the way Shapeshift works and to be true it is indeed fast.
And speaking about the security part of Shapeshift, It has a dedicated security team to keep your wallet safe.
Despite its fast and safe exchange service, this wallet stands in the 5th position of my list.
Because I’ve spoken with a few people who have said there are sometimes delays with the process.
Also, people claim that the services are sometimes put on hold, and that’s what irritates them.
Related articles you might want to read.
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The process of buying Ethereum With Bitcoin is very simple, all you’ve got to do is create an account with any of these wallets and in your wallet dashboard navigate to exchange and then select the cryptocurrency you’d like to exchange and make the transactions.
These are the 5 best wallets if you want to Buy Ethereum With Bitcoin.
All of the mentioned wallets are easy and safe to use. You can choose any of the wallets.
Even if a wallet faces any problems, there is a dedicated support team who will look after it.