BTC breaks $34,000 ATH in history!
These days, Bitcoin price is going all the way up and keeps breaking its ATH. Institution buyers and big whales keep putting money to buy large amounts of BTC, from Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad”, to Grayscale, to MicroStrategy CEO, etc.
Don’t want to miss this timing of BTC investment? You can trade Bitcoin either in centralized exchanges or decentralized exchanges. If you seek for better user experience, DEX is your answer. In comparison with CEX, all you need to do in DEX is just “connect” and “swap”, no registration or KYC. And nowadays, DEX is gradually gaining more and more liquidity.
Then how to trade Bitcoin in DEX (decentralized exchanges)?
Bitcoin bridge tokens can solve the problem. Remember we introduced how to invest Bitcoin with ERC20 BTC tokens? The tokens we mentioned such as WBTC, sBTC, pBTC, renBTC are all Bitcoin bridge tokens.
Take WBTC as an example: You can simply buy Wrapped BTC (WBTC) in exchanges. WBTC allows you to use Bitcoin within certain Ethereum DeFi and DEX while maintaining price parity with BTC. You can redeem it for regular Bitcoin, which is the token's true source of value. Bitcoin bridge tokens combine Bitcoin's generally high value with the flexibility found in other blockchains.
So we can trade these Bitcoin bridge tokens in decentralized exchanges such as Sushiswap, Uniswap, Balancer, Bancor, 1inch, etc.
Among all those DEXes, 1inch is a DEX aggregator that offers the best rates by discovering the most efficient swapping routes across all leading DEXes.
For instance, if you want to swap ETH for WBTC, you can choose them in the corresponding box.
Rolling down, you’ll see a list of exchanges that support this trading pair. The best price is listed on the top.
And there’s no need to go to other exchanges, you can directly order in 1inch.
Besides WBTC, you can find other Bitcoin bridge tokens in 1INCH as well.
sBTC (Synth BTC)
pBTC (pTokens BTC)
renBTC (Ren BTC)
HBTC (Huobi BTC)
Now you can trade Bitcoin in decentralized exchanges at the best price!
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