Safe Ways to Swap BTC to ETH
Despite their volatile nature, Bitcoin and Ethereum are still the most popular cryptocurrencies. They make the most popular trading pair on many exchanges, as thousands of people swap BTC to ETH and vice versa on a daily basis. This constant exchange of assets has solidified the two coins as the mainstays of the cryptocurrency market and shows no signs of slowing down.
In the following guide, we’ll explore the future of the two cryptos and discuss some of the safest options to trade the two.
What to Expect in the Future?
Both Bitcoin and Ethereum are expected to continue to grow in popularity as more people become aware of the potential of blockchain. Additionally, Ethereum is promising for development with its smart contracts and decentralized applications. They can revolutionize many industries.
It is expected that both cryptocurrencies will continue to be widely adopted as users recognize the advantages of utilizing a secure and immutable technology. Furthermore, Ethereum’s unique capabilities could make it the go-to platform for enterprise-level applications. This will usher in an entirely new era of blockchain-based solutions.
But what about the prices of the two cryptocurrencies?
BTC Price Forecast
According to PricePrediction, the price of Bitcoin will likely continue to increase year-on-year. The average will reach as much as $600,000 by 2031. It’s quite an optimistic perspective determined by the popular algorithm on the site. DigitalCoinPrice also agrees that BTC will increase in popularity in the future, but the forecast price for 2031 is half that predicted by PricePrediction.
ETH Price Prediction
PricePrediction claims that ETH will reach the average price of $3,416 by 2024 and as much as $48,087 by 2031, which is another positive prediction, just like for BTC. DigitalCoinPrice agrees that there’s plenty of room for growth, forecasting ETH will reach $3,761 in 2024 and $21,856 by 2031.
Exchange Platforms: Best Options for Traders
Exchange platforms allow traders to trade different types of cryptocurrencies without having to deal with the complexities of trading on their own. This allows traders to diversify their portfolios and access a broader range of trading options. Additionally, exchange platforms offer more security for traders, and some have established themselves as trustworthy.
Godex is a decentralized exchange with a high level of anonymity. What makes it stand out from the pack is the simple yet intuitive interface that doesn’t require you to become a registered member to trade. Instead, all you have to do is connect your crypto wallets and swap the two coins. Because of this, it can be considered the safest crypto exchange.
On top of that, it offers no upper limits to trading, meaning you can swap hundreds of thousands of dollars worth of ETH and BTC in a single exchange.
Finally, Godex offers a fixed rate, meaning it will exchange two coins at the specified rate even if the rate changes during the exchange process.
ChangeNow is another non-custodial service supporting over 400 digital assets, Ethereum and Bitcoin being no exception. It also supports 50+ fiat currencies, including all the popular ones, such as USD, GBP, EUR, and more. Moreover, the platform offers limitless swaps, and users can start trading with as little as $2 worth of coins.
Finally, ChangeNow is fast, meaning most exchanges will happen within five minutes after being initiated.
This non-custodial service doesn’t have an upper limit, and no signups are required to use it. It currently supports more than 2,000 coins. Moreover, LetsExchange features a super customer support team available 24/7. Finally, it relies on SmartRate technology to ensure you’re always getting the best rates.
Swapping BTC to ETH — Is It the Right Idea?
Swapping BTC for ETH can be a wise move, depending on whether you are looking to invest in a short-term or long-term strategy. If it’s the former, then it might not be the best idea because of the volatility of the cryptocurrency markets. However, it will work for the latter, as ETH has the potential to become more valuable over time.