Hi all, I noticed that ETH to BTC exchange rate has increased lately and I would like to know how this could affect BTC to EUR conversion. Can someone explain to me how it works?
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I agree that it can be very profitable, especially if you have a lot of BTC. In addition, the availability of multiple trading platforms for buying and selling cryptocurrencies can also affect the conversion of BTC to EUR. Some platforms may offer better exchange rates, so it is important to look for opportunities and choose the best platforms to trade with.
Of course, I can explain. As the ETH exchange rate has risen, it means that to convert BTC to EUR, you will need less BTC. After all, you can sell ETH for BTC and then convert BTC to EUR. On the other hand, if ETH exchange rate drops, you may need more BTC to convert to EUR. So I think the best option would be eth to btc, btc to eur https://www.techolac.com/business/what-are-the-different-ways-of-exchanging-btc-to-xmr/ . I hope this will help!