The Merge and Ethereum's transition to Proof-of-Stake
In 2022, Ethereum transitioned from the Proof-of-Work algorithm to Proof-of-Stake (the event called The Merge). This drastically reduced the network's energy consumption - by an estimated ninety-nine percent. BTC still uses mining (Proof-of-Work). The difference in approaches affects the environmental profile of both coins and attracts different categories of investors.
The BTC/ETH pair: the logic of the ratio
The BTC/ETH rate shows how many ETH one BTC is worth. When investors bet on "digital gold" - BTC rises relative to ETH. When DeFi, NFTs, and smart contracts are trending - ETH can outperform bitcoin. Both assets are highly volatile, and the rate between them reflects current crypto market narratives.
Exchanging BTC for ETH via ATM24
The preliminary rate and terms are confirmed by the manager before payment after checking the amount, payment method, direction availability, and applicable KYC/AML, sanctions, and jurisdictional restrictions. A request can be submitted via WhatsApp or Telegram; the manager will clarify the exchange details and the ETH receiving address. Operations with crypto assets carry market, technological, and regulatory risks; the availability of the direction depends on the jurisdiction, KYC/AML verification, the status of the parties, and network requirements; the manager confirms the feasibility and terms before payment.
The scope of identification (KYC) and source-of-funds verification (AML) is determined by applicable law and the transaction amount; specific requirements are communicated by the manager before payment.
Operations with crypto assets involve regulatory risks; their permissibility depends on the jurisdiction of the parties and may change. Before the transaction, independently assess applicable restrictions; the manager confirms the feasibility and terms of the specific operation before payment.