Looking to convert your Ether to Bitcoin? Let me tell you about the best and easiest way to exchange BTC for ETH at the lowest price in India. Unlike traditional Bitcoin exchanges that charge a hefty commission for every trade, the Shiftal P2P exchange allows you to trade bitcoins and ETH at practically zero fees. Here’s how you can exchange ETH to BTC on Shiftal using over 70 payment options, including INR.
What is Shiftal P2P Exchange?
A P2P exchange is unlike any traditional exchange where all transactions are managed and processed by the platform owners. On a P2P exchange, all transactions are executed by the users and between the users.
Shiftal is a peer to peer bitcoin exchange where you can buy or sell Bitcoin and ETH directly with thousands of other traders like you. The platform helps you find and connect with cryptocurrency traders from/to whom you can buy/sell coins easily and in a peer-to-peer manner.
The major benefits of ETH to BTC exchange through Shiftal include:
- High security
- Low transaction fee
- Privacy protection
- 70+ payment options
- Buy/sell cryptocurrency anywhere in the world
As of now, Shiftal supports two major cryptocurrencies — ETH and BTC.
You can easily exchange ETH to BTC on Shiftal. If you already have ETH in your wallet, you can use it to buy Bitcoins on Shiftal. We are going to discuss the detailed process here.
ETH to BTC Exchange on Shiftal — The Complete Process
There are two ways to buy Bitcoin using Ether on Shiftal. First is the regular method, which includes searching for the right offer based on your preferred payment method — Bitcoin in this case. So, if you want to pay in Bitcoin, you must find a seller who is willing to accept bitcoin as payment for ETH.
Another method to buy BTC using ETH on Shiftal is a two-step process:
- Sell ETH on Shiftal
- Buy BTC on Shiftal
Since you already own ETH, the best way to buy Bitcoin on Shiftal is to first sell your ETH for INR and then buy BTC using INR on the P2P exchange.
Step 1: Sell ETH on Shiftal
In order to sell your ETH on Shiftal, you must have a Shiftal wallet account. You can create one here https://www.shiftal.com/
Now, go to your dashboard >> Wallet >> Ethereum
Use your unique Ethereum wallet address to transfer ETH to your Shiftal wallet from another wallet. Once ETH is received in your wallet, you can see the balance on your dashboard.
Now, you are ready to sell.
All you have to do is find the right offer based on your location and preferred payment method. The best thing about selling ETH on Shiftal is that you can get paid through whatever means you prefer, including bank transfer, cash payment, UPI, NEFT, Paytm Wallet, Amazon Pay, and many more. The amount will be directly credited to your account by the buyer. The Shiftal platform uses the Escrow service to verify payments.
Step 2: Buy BTC on Shiftal
So, you have successfully sold your ETH in exchange for INR. Now, it becomes fairly easy to buy Bitcoin, as you can easily find people who are willing to sell their bitcoins for INR. Here’s how to buy Bitcoin using INR on Shiftal.
First, create an account on the Shiftal website if you don’t already have one. Now, log in to your Shiftal account and set your preferred payment method and your location. The website will show you all the available offers based on your selection.
Go through the offers to find the one that best fits your requirements.
Click on the buy button to start trading directly with a potential seller. Make sure to read the trade terms completely and carefully. Also, check the seller rating to ensure he/she is a genuine person. Once you are ready to trade, send a trade request to the seller and wait for him/her to accept.
You can discuss the trade terms and finalize the deal by directly chatting with a potential seller. Once everything is finalized, you can make the payment directly to the seller’s account or wallet. No need to deposit funds in your Shiftal wallet. All payments are peer-to-peer between the users.
The Shiftal Escrow automatically verifies every payment, upon which purchased coins are transferred from the seller wallet to the buyer’s wallet.
See, the process to convert ETH to BTC on Shiftal is quick, easy and cost-effective. The best part is that you do not have to go through, share personal info with or pay to any intermediaries. Shiftal only charges a fee for creating new trades on the platform.
Find out more or get started on https://www.shiftal.com/
