How to exchange Monero to BTC
Coins and tokens exchange becomes super easy with ChangeNOW, the leading instant crypto exchange service and Monero trading platform. The platform supports more than 160 coins and doesn’t require to share any kind of personal info. This is how to exchange Monero to BTC in 4 easy steps.
How to exchange XMR to BTC in 4 easy steps:
- Choose your cryptocurrencies
- Enter the recipient address
- Confirm your transaction
- Make a deposit
Step 1. Choose your cryptocurrencies
Let’s start with the basics. The first thing to do is to go to ChangeNOW website’s main page. There, you want to find the list of supported currencies. Choose a coin to buy XMR with. To stick with the basics theme, let’s choose Bitcoin. Enter the number of Bitcoins that you are willing to trade and check in with our magical calculator. It will show you the estimated amount of Monero coins that you are going to get. Adjust the sum if necessary and press Next.
Step 2. Enter the recipient address
Proceed to the “Don’t have a crypto wallet yet?” option if you need to set up a new wallet that will support Monero. Then enter the address of the Monero wallet that will receive the exchanged XMR coins. After that, press Next.
Step 3. Confirm your transaction
Step 4. Make a deposit
On this page, you see the address of the wallet that will hold your deposited BTC coins. Please make the deposit manually or using a QR code. Done!
Step 5. Get NOW tokens!
To reward you for using ChangeNOW we encourage you to claim our NOW tokens! It is a special currency that we present to our customers to make the following exchanges better. With NOW tokens you can buy accelerated support or even special exchange rates. Please enter your ERC-20 ETH wallet address. We will send the NOW tokens there!
Hope you've liked this guide from ChangeNOW, a leading instant crypto exchange service and a Monero trading platform. Stay tuned for more guides and news on our blog!
Best Monero trading platforms
Upbit is a cryptocurrency exchange from South Korea. In many ways, it owes its appearance to the trading platform Bittrex, which took an active part in the marketplace development. Some time after the appearance, UpBit was bought by the Korean consortium Kakao, which also owns the messenger Kakao Talk and the payment system Kakao Pay.
UpBit is one of the most famous trading platforms in the world. It is characterized by excellent liquidity and large trading volumes. Commissions on the service are small, only 0.05%. There is support for fiat currencies, although UpBit only accepts Korean won. This trading platform is popular among users who already have experience in trading cryptocurrencies. The service supports more than 200 types of coins.
UpBit, like other trading platforms from Korea, is primarily focused on the domestic market. Accordingly, there is no English interface, you will have to use a browser translator. Replenishment is only in South Korean won, dollars and euros are not supported. There is also such a problem as the minimum order in fiat, the size of which is 1000 KRW. Therefore, UpBit is the preferred choice for experienced users.
Binance is a Chinese exchange that moved to Hong Kong after the change in the rules of regulation in China. Today, experts believe it is definitely the main trading platform of the market today. Binance is a recognized global brand with the largest trading volumes in the world. Despite this, there were no scandals with the service.
The number of supported cryptocurrencies on the platform is very large. That is why Binance is good not only for beginners, but also for users with extensive experience with cryptocurrencies. The level of safety on Binance is also great. There is a large number of tools to protect user accounts. In addition, the service established a special award for people who report planned hacker attacks. Binance is a constantly developing service, thanks to which it maintains the leading position.
In fact, the only serious drawback of Binance is the lack of support for fiat currencies. But given how dynamically the service is developing, it is possible that there will be such an option in the near future. In addition, sometimes there are questions about the quality of translation.
Kraken is one of the oldest cryptocurrency trading platforms in the world. It has been working since 2011, and over the years, it managed to gather quite a large audience. The reputation of the service is excellent, there were no serious hacks. Therefore, Kraken can definitely be recommended as one of the best options to buy Monero.
The number of trading pairs on Kraken can be of interest to investors with any experience. The offer here is really great. There is a possibility of margin trading, customers can use leverage, which facilitates the work with cryptocurrencies. Kraken safety is proven by experts. For this purpose, a cryptographic audit was conducted. In addition, Kraken has a special verification system that allows the user to provide information about himself gradually.
However, the verification is still obligatory. This is a prerequisite for working at Kraken. Without passing the first level of identification, users can’t access even the basic functions, such as the replenishment of the trading account, for example. In addition, only English is available in the interface, so users from other countries may have some difficulties.
Huobi is one of the most famous cryptocurrency exchanges, which still remains in China despite any difficulties. Conditions for digital assets in China are being tightened, but nevertheless, Huobi doesn’t plan to move yet, and is ready to continue working in the country. The service interface is quite simple and, most importantly, multilingual. The marketplace supports 9 languages.
Huobi has a well-thought out protection against hacking. In particular, only 2% of funds are stored on the exchange. The remaining 98% are stored directly in the cold wallets, on smartphones or computers of the users. There is also a specialized system of protection against cyber attacks. Huobi is one of the few crypto exchanges that has developed special services for all major desktop and mobile systems. There are applications for Windows, Mac, Android, iOS.
However, Huobi requires mandatory verification, and it is quite complicated for Chinese platforms. Confirmation will also require some waiting. It is worth noting the low quality of translation. In particular, some paragraphs have not been translated into English. Huobi does not work with well-known European payment systems, only with Chinese ones.
HitBTC is a crypto exchange that appeared in 2013. It attracted $6 million investment for the development of the service. Verification is optional on the service, it may be required only if you plan to withdraw fiat currencies. The number of currency pairs will please even the most experienced trader. The interface is very nice and intuitive for users.
As for the shortcomings, low liquidity can be named. Larger platforms take a large number of users from the platform.