Swapping Bitcoin (BTC) for Euro Coin (EURC) with Zengo is safe and secure. In this guide, we will explain in detail how you can trade your BTC for EURC tokens (or vice versa).
Bitcoin (BTC) is the most well-known cryptocurrency and the first to become successful. The system was created in 2008 by the anonymous group or individual known as Satoshi Nakamoto and made operational by 2009. Bitcoin operates on a decentralized blockchain network, also referred to as the Bitcoin blockchain. This groundbreaking technology allows transactions to be verified and recorded without a central authority. Further, the Bitcoin algorithm is based on proof-of-work (PoW), which means that new Bitcoin coins are generated through a computational process named mining. Bitcoin’s adoption has grown over the years, with many viewing it as an investment asset and a revolutionary form of digital money.
Euro Coin (EURC) is a stablecoin backed by the euro, available on platforms such as Ethereum, Avalanche, and Stellar. EURC was developed to ensure stability by having a 1:1 ratio with the euro. Circle and the Stellar Development Foundation (SDF) developed the coin in 2022; the same company also created the USDC stablecoin. Stablecoins such as Euro Coin (EURC) or Euro Tether (EURT) are designed to create a stable hold of value within the volatile crypto market, allowing crypto traders to hold euros without having to convert them into fiat money. EURC is accessible to individuals with an internet connection, improving euro accessibility across geographical boundaries and time zones.
Zengo provides its users with a safe and secure platform to trade BTC for EURC. To start with the process, download the Zengo app from the Google Play Store or Apple App Store. Once you have registered and completed the onboarding process, you are ready to trade.
Follow these steps to trade your BTC for EURC using Zengo:
Open your Zengo app and tap on the “Actions” button on the main menu.
Choose the BTC and EURC pair (or vice versa) and type the amount you wish to trade.
After ensuring all transaction details are accurate, tap “Confirm.” Zengo will notify you when the transaction has been completed successfully.
Zengo provides a secure and convenient way to trade BTC for EURC with a variety of advanced features. Here are some reasons why Zengo is the best choice for managing your crypto assets:
As a non-custodial wallet, Zengo’s wallet gives you complete control over your private keys. Additionally, the app was designed with ease of use in mind, reducing the chance of errors during crypto transfers.
With Zengo, users can trade digital assets at fair and competitive rates. In addition, Zengo does not charge its users for sending and receiving cryptocurrencies, although network fees still apply. As a Zengo user, you can set your own gas fees to improve the experience. Based on your need, you can pay more for a faster transaction or pay less and wait longer. For more information on our custom network fees, click here.
Zengo has a keyless biometric recovery system, which allows you to access your funds even if you lose your mobile device or accidentally remove the app. You can simply download the Zengo app on a new device and sign in again using your facial ID.
Cryptocurrency trading can be exciting, but it also carries risks due to the unpredictable nature of the market. While Zengo offers a safe and secure environment for storing digital assets and allows you to engage with Web3 Dapps, we do not offer financial advice. If you plan to invest in cryptocurrencies or NFTs, make sure you do your research.
If you have any further questions about trading BTC for EURC using Zengo, please look through the FAQ section below.
Bitcoin (BTC) and Euro Coin (EURC) are two distinct cryptocurrencies serving different purposes. Bitcoin is a decentralized digital token, enabling holders to transact without the involvement of third parties. It operates on its unique blockchain, known as the Bitcoin Blockchain, and its price is subject to fluctuations. In contrast, the Euro Coin (EURC) is a stablecoin, meaning its value is pegged on a 1:1 basis to the euro, ensuring stability. EURC can be traded on various centralized and decentralized exchanges, aspiring to become a leading stablecoin in Europe. While it operates as an ERC-20 token on Ethereum, it’s also accessible on other networks like Avalanche and Stellar.
If you choose to swap BTC for EURC with Zengo, it simply means trading your BTC tokens for EURC tokens with Zengo’s integrated crypto trading functionality.
Yes, a cryptocurrency wallet is necessary for holding and facilitating the swap of these specific tokens. The Zengo wallet provides a secure platform for storing and trading BTC and EURC interchangeably, making it easy to swap and manage these particular tokens.
Yes, cryptocurrencies such as BTC and EURC have minimum trading amounts, varying according to market conditions. To find out what the current limits are, select your trading pair from the Zengo app. Click here for more information about Zengo’s fees and limitations.
With the Zengo wallet app, users can trade BTC and EURC for a large number of different cryptocurrencies, including ETH, DOGE, XTZ, SAND, and VGX. It is possible, however, that some pairs are not available due to market conditions. You can verify this by opening the Zengo app, tapping “Actions,” then selecting “Trade,” and choosing the two currencies you want to swap.
Yes, Zengo allows you to send cryptocurrencies to other wallets. Start by logging into the Zengo app and tap on the “Actions” button, then click on “Send.” Next, select the cryptocurrency you would like to transfer, type the exact amount you want to send, and specify the recipient’s address. After that, follow the instructions on the screen to confirm your transfer.
When the trade has been completed, the status will change from “Trade Pending” to “Trade Received” in the transaction history section of the Zengo app. A push notification will also be sent to your device once your trade has been completed.
Zengo simplifies the process of buying cryptocurrencies. Through its app, users can access its fiat-to-crypto gateway to buy a variety of cryptocurrencies. However, if a specific cryptocurrency isn’t available at the moment, you can purchase a popular token or a stablecoin first and then swap it for the cryptocurrency you want. In order to buy crypto with Zengo, open your Zengo application, navigate to “Actions,” and choose “Buy.” Select from a variety of payment partners and payment options, such as Visa, MasterCard, Apple Pay, and bank wire transfers.
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