Ethereum (ETH) and Binance Coin (BNB) are two of the top five cryptocurrencies by market capitalization. Aside from being used on their respective platforms, a good number of merchants, businesses, and individuals also use ETH and BNB for payments, salaries, remittances, and more.
If you’re new to crypto and are wondering if you can quickly swap ETH for BNB and vice versa, yes, you can do it by signing up on Ka.app. Also, this guide can help.
What is ETH?
ETH, also called Ether, is the native crypto of the Ethereum blockchain. It was launched in 2015 and was designed to help facilitate transactions in the Ethereum platform. ETH has soared in value and has expanded its use cases since then.
In fact, it’s the second most traded crypto in the market as of writing, and many individuals also use it for daily transactions such as paying for goods and services, shopping, splitting bills, giving gifts, and more.
What is BNB?
BNB is the native crypto of Binance, a famous crypto exchange. While it was developed as a payment method for transaction fees in the Binance Smart Chain, many individuals also use BNB for trading, buying, or paying for goods and services, participating in certain token sales, etc.
Why Do Users Swap ETH for BNB and Vice Versa?
Users swap crypto like ETH and BNB for different reasons. Some do it to take advantage of benefits opportunities in the other token (e.g. bull run, etc.); others are trying to build their portfolio for potential long-term gain. Users may also convert Ethereum to BNB and vice versa to send crypto to a friend that only accepts the other crypto, or avail of something from a merchant that only accepts either ETH or BNB.
Where to Swap ETH for BNB?
You can swap or transfer ETH to BNB in various crypto and financial technology (FinTech) platforms. These include crypto payment apps like Ka.app, crypto exchanges, swapping sites, crypto wallets, and the like. Despite providing similar swapping services though, these platforms may vary in terms of the time it takes to complete a swap, their swap fees, ease of use, availability, compliance, and security to name a few.
How to Swap ETH for BNB: Ethereum to Binance Coin Swapping Guide
Converting ETH to BNB is convenient with a Ka.app account. You can do it in two different ways: through the Swap feature or the Easy Swap Engine. Learn more below as we provide step-by-step guides using both features.
1. Swap Feature
Ka.app’s Swap feature is designed for direct and quick crypto swapping. This means you can swap ETH for its equivalent value in BNB and vice versa in just a few steps, within just a few seconds. The step-by-step guide is as follows:
2. Easy Swap Engine
Easy Swap Engine is a feature in Ka.app that allows you to automatically convert the payments you receive to your preferred currency. Therefore, if a friend wants to send BTC or ETH but you prefer to receive crypto in BNB, you can enable the Easy Swap Engine to automatically receive payments in BNB. Here’s how you can set it up.
The Bottom Line
Swapping crypto is quick and easy in Ka.app, and you can do it in two different ways. In addition, there are no swapping limits in the app, so you can swap currencies as many times as you need. Sign up on Ka.app now to get started.
FAQ
How long does it take to swap crypto in Ka.app?
Quickly. Swapping currencies, as well as sending and receiving crypto, takes just as few seconds in Ka.app.
Which cryptocurrencies are available in the app?
As of writing, Ka.app accepts BTC, ETH, BNB, MATIC, ADA, DOT, KASTA token, USDT, USDC, and BUSD
Is Ka.app secure?
Yes. We value the safety and security of our users, and thus we comply with regulations and conduct identity verifications to prevent money laundering, hacking, fraud, and other illegal activities. At the same time, we’ve passed comprehensive security audits and have measures in place that prevent unauthorized transactions.
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