How to exchange one crypto into another?
Let's say you have 0.5 Bitcoin, and you want to swap it directly into Ethereum. What is the easiest way to go about doing this?
Unless you want to sell your Bitcoin to us and then buy Ethereum with your new found NZD, you have 3 decent options for making this exchange.
Binance is the worlds largest cryptocurrency exchange by volume, with over 493 cryptocurrencies at your disposal. Binance doesn't require any ID verification for withdrawals below 2BTC, so they're a great place to jump on quickly and make fast cheap crypto to crypto exchanges.
Offering almost instant crypto to crypto exchanges, Shapeshift is a Switzerland based web exchange listing over 37 cryptos at decent rates. The con of Shapeshift is that privacy coins like Monero and Dash require ID verification. You should do your own research for Shapeshift and its security though, as there have been various complaints in the past. Make sure to do your own research.
Just like Shapeshift, Changelly offers almost instant crypto to crypto exchanges. You need to verify your ID to exchange Privacy coins like Monero and Dash, and you should certainly do your own research on if Changelly is a safe and secure trading platform. It appears from their reviews that most transactions are successful, but there have been multiple bad experiences documented on Reddit.