The cryptocurrency market is expanding at a rapid rate and you can now exchange your bitcoin for altcoins and vice versa! Here are the instructions on how to make an exchange as per Shapeshift. From start to finish you can exchange currencies in under ten seconds with no account required!
Let’s assume you have Bitcoin and you want Litecoin. It goes like this:
- Select Bitcoin as the input and Litecoin as the output
- Provide your Litecoin address in the box, then click the Start button
- ShapeShift will generate a BTC deposit address for you. Please send your BTCs to this generated address. (Don’t send more than the Deposit Limit).
That’s it. In a few moments, your Litecoin will be sent to you.
No emails or passwords. No lengthy signup process. No accounts. No bid and ask orders. No friction.
ShapeShift’s goal is to be the fastest, most private, and most convenient way to swap digital currencies, and the exchange rate will always remain competitive.
- You can specify a precise amount of coins to receive (useful for using Litecoin to pay a Bitcoin invoice, for example).
- Just click “Need Specific Amount” when placing your order.
- The exchange rate you get is determined at the moment your deposit is received. It may vary slightly (better or worse) from the rate you see on the homepage.
- Be careful not to send more than the “Deposit Limit.” If you do, it will be returned automatically to the address you sent from. Super tiny deposits (<$0.10) may also be returned to you, without a fee attached.
- Small deposits are processed with zero confirmations. Larger deposits wait for at least 1 confirmation.
- You can reuse deposit addresses. If you do, the converted amount will be sent to the same output address as before.
- One advantage of ShapeShift is that there is no “price slippage.” This means you get a specific exchange rate for your order, which does not change based on the size of your order.
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