Swapping Bitcoin (BTC) for Euro Tether (EURT) is both a secure and safe process with Zengo. In this guide, we will walk you through how to trade your BTC tokens for EURT and vice versa.
Bitcoin (BTC) is the first successful and widely known cryptocurrency. It has gained immense popularity worldwide since its introduction in 2008 (and its launch in 2009) by the anonymous group or individual known as Satoshi Nakamoto. Operating independently of traditional banking, it’s a decentralized currency democratizing financial governance. Through the proof-of-work (PoW) algorithm, Bitcoin produces new coins using a computational technique named mining. As a transparent and open-source cryptocurrency, Bitcoin’s transactions are logged on a series of linked data blocks called the Bitcoin blockchain network. The open-source nature of Bitcoin ensures its wide accessibility, making it a favored choice for buying, selling, and trading. The use of Bitcoin as a payment method is escalating, with more and more international companies integrating Bitcoin into their business operations. This global acknowledgment highlights its practical application and strengthens its position in worldwide commerce.
Euro Tether (EURT) is a Stablecoin primarily operating on the Ethereum blockchain. It was created by Tether Limited. EURT is designed to maintain a 1:1 peg with the Euro, allowing holders to transact and store value pegged to a well-known fiat currency. Unique to EURT is its backing by reserves held in traditional bank accounts, subject to periodic professional audits. It is often compared to USDT (Tether pegged to USD) and other fiat-pegged stablecoins. Furthermore, EURT can be found on major cryptocurrency exchanges, offering ease of access and liquidity for traders and investors.
Zengo offers users a safe platform to trade BTC to EURT. First, you should download the Zengo app from the Google Play Store or the Apple App Store. You can start trading tokens once you set up your account and complete the onboarding process.
After setting up your Zengo account, proceed as follows to trade BTC for EURT:
Open the Zengo app and tap the “Actions” button located in the main menu.
Choose the BTC and EURT currencies (or vice versa) and specify the amount you wish to trade.
Review the details and click “Confirm.” Zengo will notify you once your trade has been concluded.
Zengo offers a reliable and efficient way to swap your BTC tokens for EURT or conversely. Here are various reasons why Zengo is the ideal platform to swap tokens:
Zengo allows you to buy, sell, trade, and receive a wide range of digital assets, such as Bitcoin, Ethereum, Dogecoin, Polygon, Chainlink, and more. Furthermore, Zengo is a Web-3-ready wallet, meaning it makes interacting with decentralized applications (Dapps) possible through the WalletConnect feature.
Zengo ensures the security of your digital assets. Employing advanced MPC technology, biometrics, and 3-factor authentication, Zengo protects your account and secures your crypto holdings. Further, Zengo’s Web3 firewall ensures your safety when interacting with Web3 Dapps. Find out more about Zengo’s security.
With Zengo, you have total control over your private keys and access to your digital assets. Furthermore, Zengo’s straightforward interface minimizes the chance of human error when processing transactions.
With Zengo, you can benefit from low and competitive trading fees. There are no transaction fees when sending or receiving cryptocurrencies; however, third-party fees still apply.
Moreover, Zengo allows you to specify the gas fees you are willing to pay. You can either pay less, wait a little longer, or pay more and speed up the transaction. Check out our guide to fees and limits for more information.
Whether you lost your device or accidentally deleted the app, Zengo’s advanced biometrics and keyless recovery system make it easy to access your funds and recover your account. Zengo’s recovery system is built on biometrics, so all you have to do is open the Zengo app and log back into your account using your facial ID.
Trading cryptocurrencies can be profitable and rewarding; however, it also carries risk due to the unregulated nature of the crypto market. Zengo delivers a secure platform for storing and trading cryptocurrencies, but we do not give any financial advice. It is essential to do extensive research before investing in any crypto or NFTs.
If you have unresolved questions regarding converting BTC with EURT in Zengo, please refer to the FAQ section below.
Bitcoin (BTC) and Euro Tether (EURT) serve distinct roles in the cryptocurrency landscape. Bitcoin, a decentralized digital currency operates on its own unique blockchain, aiming to offer a peer-to-peer electronic cash system free from centralized authorities. In contrast, EURT is a Stablecoin operates on the Ethereum blockchain, designed to maintain a 1:1 peg with the Euro, providing a digital representation of the fiat currency. While Bitcoin seeks to be a store of value and medium of exchange without ties to traditional banking, EURT offers stability by being pegged to a known fiat currency.
Trading BTC for EURT on Zengo simply involves using Zengo’s crypto swap feature to trade BTC for EURT. For example, you could transfer $300 of your BTC balance into $300 of Tether. Alternatively, you can switch from Tether to BTC. It is up to you.
Yes, you need a wallet for trading and holding BTC and EURT. Zengo wallet provides safety and efficiency, swaps while prioritizing your security.
Yes, there are minimum trading amounts between BTC and EURT. Thus, these amounts can vary depending on market conditions. To see the current minimum amounts, launch the Zengo app, go to the trade section, and choose the currencies you want to swap. Click here for more information on Zengo’s fees and limits.
With the Zengo wallet app, swapping BTC and EURT for cryptocurrencies such as BTC, ETH, DOGE, LINK, XTZ, SAND, and VGX is possible. Remember that the availability of specific trading pairs might vary based on market conditions. You can check the availability from the Zengo app by opening the app, selecting “Actions,” clicking “Trade,” and choosing your desired trading pair.
Yes, Zengo allows you to have full control of your digital assets. To move BTC and EURT to another wallet, open the Zengo app, choose the cryptocurrency, click “Actions,” select “Send,” fill in the amount and the receiving wallet’s address, and proceed with the on-screen instructions to finalize your transfer.
You will receive a notification after completing your BTC to EURT trade. Once your trade is done, its status in the transaction history will update from “Trade Pending” to “Trade Received.”
Yes, with Zengo’s fiat-to-crypto on-ramp gateway, purchasing both BTC and Euro Tether (EURT) is possible. To proceed with a purchase, enter the Zengo app, tap “Actions,” choose “Buy,” and then navigate as instructed, deciding on your payment method. You can choose from various payment methods, such as MasterCard, Visa, Apple Pay, or bank wire transfers.
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