How To Change Cash To Bitcoin
Feb 15, 2021 Withdraw Cash from Bitcoin ATM Near You There is a growing number of Bitcoin ATMs, which are Internet-connected machines that allow people to exchange Bitcoins for cash, and vice versa.
- So the answer to the question depends on what you mean by money. If by money you mean Bitcoin or other cryptocurrency, then yes! You can buy Bitcoins and send them to your wallet (we’ll cover that in a second). But if by money you mean fiat currency, such as a Dollar, Euro, or Yen, then the answer is no. While on some exchanges you can link.
- May 22, 2020 It looks like you already have Ethereum cryptocurrency and want to change some of it to Bitcoin or might be all of it. Whatever may be the reason you should always do cryptocurrency exchanges safely and securely because cryptocurrency transactions are irreversible. Furthermore, I am assuming that you haven’t done. Read moreHow To Convert Ethereum (ETH) To Bitcoin (BTC) Easiest Way.
It looks like you already have Ethereum cryptocurrency and want to change some of it to Bitcoin or might be all of it.
Whatever may be the reason you should always do cryptocurrency exchanges safely and securely because cryptocurrency transactions are irreversible.
Furthermore, I am assuming that you haven’t done such swaps of one currency to another that’s why in this step by step tutorial, I will tell you how you can accurately exchange ETH to BTC.
But before, I want to share that some people consider swapping ETH to BTC as buying Bitcoin with Ethereum, which is of course not a wrong way of looking at it.
So without further add-on let’s jump directly to the step by step process, and I feel ChangeHero is the right service for you to do this because it is barter like service where you give one currency and get another in return.
How & Where To Exchange Ethereum (ETH) To Bitcoin (BTC)?
Step #1. Go to ChangeHero.com ID. Don’t worry, no KYC or ID document submission is required.
You will see this screen. Select ETH & BTC pairs, as shown in the below image. Don’t forget to mention the exact amount of ETH you want to exchange. Selecting this will automatically show you the amount of BTC you will be getting.
Note: In this example, I am exchanging 1 ETH for BTC
Step #2. Now click on the ‘Exchange’ option to see this screen. You can even change the amount of ETH you wish to exchange here too. You can also see the exchange fee, the network fee, and the estimated time of exchange on the right side.
It will ask you to ‘Enter your BTC wallet address.’ Enter your BTC address, as shown below.
Note: If you don’t have a BTC wallet address, choose a wallet from here, and you will get your address. Also, this is the BTC address on which you will get your bitcoins in exchange for Ethereum.
Step #3. Now click on ‘Next’ as shown in the above image, and you will see this screen. This screen where you will be shown the details of your conversion that you can check before proceeding for the actual exchange.
Step #4. Once you have checked all the details, click on ‘Confirm‘. After which you will be shown this screen asking you to first send the ‘ETH’ on the below-shown ETH address or QR code. Note: You have 36 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of ETH/BTC pair changes.
Step #5. As soon as you send ETH to this address, you will see this screen ‘Processing transaction.’ It shows that your ETH is being deposited and we are waiting for the blockchain to confirm. Usually, it takes 10-15 confirmations for depositing Ethereum.
The swapping process itself happens almost instantaneously but the rest of the time is taken by the network. Typically, the swap comprises of these three stages:
- Getting confirmation
- Exchanging ETH to BTC
- Sending Bitcoin to your wallet
Step #6. Wait for some time, and as the transaction is completed, all the details will be viewed in the window like the one below, and you would have received your bitcoins in your BTC wallet. You can also audit your transaction on the blockchain.
Congratulations, Tada….!!! You have done it
Conclusion: Buy Bitcoin With Ethereum
So this is how you convert Ethereum to Bitcoin or buy Bitcoin with Ethereum using ChangeHero. The vice versa, i.e. converting Bitcoin to Ethereum, happens the same way.
Additionally, ChangeHero is one of the renowned cryptocurrency swapping services operating in this space since 2015, and I have been using it since 2017. The company is transparent, and I met its founder once in 2018.
Though this example was about converting ETH to BTC using ChangeHero you can convert many other ChangeHero supported coins in a similar fashion.
Lastly, most people who ask ‘can I exchange bitcoin for ethereum on coinbase & Binance?‘ and the answer is resounding Yes (!) but the process is more tedious and time-consuming.
But if you still want to know about how to exchange BTC for ETH or ETH to BTC on Coinbase or Binance than let us know in the comments below and we will do the needful !!
And don’t forget to follow us on Twitter @themoneymonger for much such article’s updates
In 2017 Bitcoin Cash forked out of Bitcoin and the amount of buzz it created is no more a secret.
According to me, it was a planned fork to overtake Bitcoin. A form of attack on Bitcoin or Bitcoin core as the Bcashers call it. But it is no 2019, and the dust has settled.
The market has come to a conclusion which is the original Bitcoin and which is merely an altcoin. This realization of the market is making many Bcashers (BCH) to flock to Bitcoin.
Some of you might be exchanging Bcash (BCH) to BTC for the first time. Use this step by step guide for your purpose to do it cautiously because crypto transactions are irreversible.
Let’s get started:
How & Where To Exchange Bitcoin Cash (BCH) To Bitcoin Core?
Step #1.Changelly is my go-to service to exchange or swap one cryptocurrency to another easily and swiftly. Sign-up on Changelly using your email ID. At the start, you are not required to produce any KYC documents, but in the future, as your transaction volume increases, you might be required to provide some ID documents.
Step #2. Check your inbox once you have signed-up for Changelly. Confirm your subscription if you have received an email from Changelly. Ignore this step if you haven’t got any mail.
Step #3. Once you have logged-in to Changelly, you will see this screen. Enter the amount of BCH you want to convert to BTC. As you enter the amount, the BTC field will get auto-filled showing you the number of bitcoins you will get for this conversion.
Step #4. Now click on ‘Exchange Now’ button as shown in the above screen. As you do that you will see this screen showing you the high-level details of the conversion such as fees, exchange rate, time, etc. You can here too, change the amount of Bitcoin Cash that you wish to exchange for Bitcoin.
Step #5. Once you have checked the details, click on ‘Next Step’ as shown in the above image and you will see this next screen asking for your Bitcoin address. This is the address on which you will receive your bitcoins so enter this very cautiously as shown below.
How To Change Bitcoin To Cash In Canada
Note: If you don’t have a Bitcoin address yet we recommend you to get one for yourself by choosing an appropriate Bitcoin wallet from this list of reliable wallets.
Step #6. Now click on ‘Next Step,’ and you will be shown on this screen. Check all the minute details of the exchange like time, fees, exchange rate, address, etc. This is the final check before you proceed for actual exchange, so do make sure to verify everything thoroughly.
Step #7. After checking the details, click on the ‘Confirm & Make Payment’ option shown in the above image. Once you do that you will see this screen asking you to deposit BCH coins on a particular address. Use your BCH wallet or exchange to send BCH on this address by either scanning the QR code or copying the address.
Step #8. Once you have transferred the funds to this address, it will run on autopilot. You will see this screen telling you about the exchange ‘Wait for exchange’. This wait time is basically for the BCH blockchain to confirm the transaction, and once sufficient confirmations are achieved, it will confirm.
The swapping process itself is almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:
- Getting confirmations
- Exchanging BCH to BTC
- Sending Bitcoin to your wallet
Step #9. Sit back, relax and do nothing. Just wait for your transaction to confirm and Changelly to exchange your BCH to BTC. Once that is done, you will automatically see this screen informing about the successful conversion. You can also check the actual transaction on the blockchain by clicking on ‘See transaction on the blockchain.’
Congratulations, Tada….!!! You have done it
Note: BCH to BTC conversion can take up to 3 hours because of the large number of confirmations that BCH exchanges are taking these days for precaution.
Conclusion: Convert or Exchange BCH To BTC-Is It Wise?
That’s how you can safely convert your Bitcoin Cash to Bitcoin core using Changelly. Changelly is a renowned name in cryptosphere serving the industry from 2015, so don’t worry about your funds as their support is quite supportive.
See Full List On Wikihow.com
On the other hand, exchanging BCH to BTC is a wise call because I don’t think BCH will continue to exist in the top 10 currencies in the next ten years. Moreover, the grounds on which it was forked are already shaky, and there have been again a fork of BHC into BCH SV, which just increases the drama with no substance.
That’s why I think Bitcoin, which is the most liquid of all cryptos is a safer bet than Bitcoin cash.
How To Convert Bitcoin Into Dollars
Don’t forget to follow us on Twitter @themoneymonger for much such article’s updates