Had about 0.5 ETH sitting in a wallet I wasn't really doing anything with. With the ETH/BTC ratio where it's been lately I decided to just move it to BTC and stop thinking about it.
The annoying part was figuring out how. Tried initiating on Coinbase, got a re-verification prompt partway through which killed the momentum. Then looked at doing it on-chain -Uniswap is fine for ERC-20 stuff but for ETH to actual BTC you're bridging, and between gas and slippage I was looking at losing 2%+ before the swap even happened.
Ended up going the crypto exchanger route. Did some research on operating history and reserve size, had a swap stall on a low-reserve service once before so that matters to me. Swap completed in about 20 minutes. Rate was within a reasonable range of spot, coins came back clean.
Whole thing was less dramatic than I expected after all the research. What are you using for ETH/BTC swaps – CEX, DEX, or the exchanger route?
Finally moved some ETH to BTC – anyone else avoiding CEX for this?
byu/SliceOfBread3 inethereum
Posted by SliceOfBread3
1 Comment
I use dfinitys chainfusion for this, upload btc or eth, then swap on icp swap, then withdraw https://dashboard.internetcomputer.org/bitcoin all without a cex