Thanks to recent updates, ChangeNOW is now providing the option to buy digital currency using fiat currencies like USD or EUR. This is over and above their already offered services which allow users to swap one cryptocurrency to another. For example, it is possible to swap Bitcoin (BTC) to Litecoin (LTC), Ethereum (ETH) to Montero (XMR) and so on.
Also, they need to select a secure wallet for storing their digital assets. For holding a large number of cryptos, hardware wallets like Trezor or Ledger are the best option. Mobile wallets (Indacoin) and Desktop wallets (Exodus, Coinbase Wallet) are ideal to hold a small number of cryptocurrencies below 3,000 EUR.
How to Swap Bitcoin (BTC) On ChangeNOW
Let’s assume that the user would like to swap Litecoin (LTC) to Bitcoin (BTC).
Navigate to their site.
Select the coin (eg. LTC) you would like to exchange from drop-down titled “You Send” and enter the amount.
Select the coin (eg. BTC) you would like to receive from drop-down titled “You Get“.
Now, the number of coins you receive will get displayed on your screen. Then, click “Exchange
Enter the recipient wallet address. In this example, it will be a Bitcoin address. (Make sure that you enter a valid address based on the selected coin. An invalid address will lead to loss of your coins).
Click ‘Next’:
Here, you will see all the details of your transaction including the estimated processing time. Take your time to check all the details carefully. Then, agree to the terms and click ‘Confirm’.
Now, the deposit address (eg. LTC) will be displayed on your screen:
Once you send the coins to the deposit address, the exchange will process your transaction and send the swapped coins to your wallet. Typically, it takes 2 to 40 minutes to receive the cryptos on your wallet.