How To Convert Bitcoin To Monero

Exchange Bitcoin to Monero

Bitcoin is the offset decentralized cryptocurrency

Bitcoin is the oldest and well-nigh popular cryptocurrency. Its dominance index over other cryptocurrencies ranges from 30% to lxxx%.

What if I tin’t ship Bitcoin to your wallet?

Most probable the fact that your wallet does not support sending on SegWit Bitcoin address. Nosotros use SegWit, considering thanks to this technology, transactions are included in blocks more faster and the miner’s fee is much lower than in other versions, so the transaction is faster and cheaper. Yous can read about versions and differences of Bitcoin addresses in our article.

If your wallet does not support sending to SegWit addresses, we recommend that you remember virtually changing your Bitcoin wallet, equally it uses outdated technology.

Likewise, if you desire to make an exchange y’all can always contact our support, nosotros will change the wallet address inside your order to the standard ane in real time.

How to estimate the confirmation time of the transaction?

At that place are several ways to estimate the time of confirmation of the transaction, but you need to understand that information technology is impossible to summate it accurately since many factors touch on the passage of your transaction, you can read more in our commodity.

• The easiest way to find out when the starting time confirmation of the network is to go in the service of collecting statistics from BitcoinFees Earn.com there you can run across when your transaction gets into a block, depending on the fee which y’all sent it.

• You lot can also use the Explorer Blockchair.com where you can see the priority of the transaction. The commencement number is what place in the queue is a transaction, the second how many transactions are pending (e.g. priority 1676/9495). Each block includes approximately 2500 transactions, we see that our transaction is in 1676 place in the queue, and therefore must laissez passer in the next block.

It is important to note that to increment the number of confirmations, a new block must announced, blocks in bitcoin can become from 1 to 75 minutes. The boilerplate time of Bitcoin block appearance is 10 minutes.

You lot tin can read more in our commodity well-nigh the confirmation time in the Bitcoin network.

Monero is the almost anonymous cryptocurrency

Monero runs on the CryptoNote algorithm, dissimilar public blockchains (e.thou. Bitcoin, Ethereum etc.), when sending it, you can not see the sender, the recipient, or even the corporeality that was sent. This is possible due to the use of Band Signatures and Stealth Addresses technologies.

What to do if you did not receive Monero after the exchange?

Offset, make sure that the order contains data about the transaction sent. In case there is no transaction information, endeavour to wait a bit or contact technical support. Due to the fact that in the Monero network updates from November 30 at the protocol level, funds are blocked until ten network confirmations are received, delays in payment may sometimes occur.

Secondly, check the synchronization of your Monero wallet. The last block in the wallet should stand for to the number indicated on the MoneroHash website in the
“Blockchain Height”
field of the
“Network”
cake. If not,
attempt restarting your wallet.

If the lodge contains the data of the transaction nosotros sent, the wallet is synchronized, merely the transaction is not visible in the wallet, contact technical support to request a private viewing key to decrypt the transaction and confirm the sending of funds.

When tin I utilise the resulting Monero?

As mentioned above, in the Monero network updates dated November xxx at the protocol level, funds are blocked until 10 network confirmations are received. That is, until the transaction receives x confirmations, it volition not be possible to utilize the funds received. On average, a transaction receives x confirmations inside xx minutes.

Transaction processing speed

The average block release time is almost ii minutes. Merely sometimes delays exercise occur, and the cake exit time can take 10-20 minutes.