Do I need to get verified to swap ETH to BTC?
If it’s your first time exchanging funds on Changelly, you will need to submit the proof of identity. This data helps us keep the platform safe from malicious actors and any suspicious transactions.
Another thing you’ll have to do before any exchanges is to provide your email. This is a standard procedure to create an account. Alternatively, you can use your Facebook or Twitter login credentials. You may enable or disable 2FA authentication at any time. But it’s recommended to keep the added layer of verification for maximum safety.
What is the minimum ETH/BTC pair exchange amount?
The minimum viable amount of Ethereum you can convert is 0.02 ETH. But since the cryptocurrency market constantly fluctuates, the price will change accordingly. Based on the current rates, 0.02 ETH is equivalent to 0.00163695 BTC. For updated, real-time information, scroll up the website page.
We don’t change the minimum amount - we simply adjust the rate. If you’re wondering why the rates are so inconsistent, that’s just the nature of financial markets. Guided by the balance of supply and demand, all assets and commodities experience regular value changes.
What are the fees to convert Ethereum to Bitcoin?
Always keep in mind that the final cost of the transaction amount will include two types of fees: exchange fees and network fees.
The exchange fee on our platform is 0.25%, applicable to all transactions. If you’re converting the minimum amount - which is 0.02 ETH - the platform fee will be 0.00000411 BTC. If you’re exchanging one ether, the fee will be 0.00020516 BTC.
As for the network fee, it is always 0.0005 BTC, regardless of the transaction size. ETH gas fees go towards successfully conducting transactions on the Ethereum blockchain. This small payment compensates for the computing energy required to process and validate operations. The estimated arrival is also the same regardless of the transaction – 5-30 minutes.
Can I trade ETH for BTC on Changelly?
Changelly has a special tool for traders – Changelly PRO. Enjoy the perfect balance between simplicity and advanced tools, suitable for traders of all levels. This is a fully-featured platform that will equip you with everything you need – from general information about the asset (supply, trading volume, or just Vol., etc.) to different types of limit orders.
If you want to have a live portfolio review and market updates at all times, consider downloading the mobile application. This way, you will be able to place orders quickly and effortlessly, no matter where you are.