Convert Bitcoins to Monero/Ethereum/Bitcoin Cash Guide To Avoid Bitcoin Miner Fees And Confirmation Times

tldr - A easy guide to convert Bitcoins to Monero/Ethereum/Bitcoin Cash or other coins to avoid paying high Bitcoin miner fees and waiting days for confirmations so you can buy stuff on your favorite markets that accept other coins then Bitcoins. Monero, Bitchoin Cash and Ethereum takes cents in fees and confirms in 5-30mins

Step #1: Why convert coins?
Bitcoin fees are way too high to complete transactions causing problems for Markets, Vendors and Customers. Changelly allows to you covert just about any coin to any other coin for a small fee, so, you can convert your Bitcoin or other coins to Monero/Ethereum/Bitcoin Cash. You are going to have to pay a high fee to convert Bitcoin but this is only a 1 time fee. After that, every transaction fee will be less then a dollar and sometime just pennies no matter what coin you use on any market and will confirm in 5-30mins. You can also just buy Monero, Ethereum or Bitcoin Cash if you Exchange supports it.

Step #2: Pick your coin
First, select what coin you want to convert based on what your favorite market accepts. Please provide any corrections to this list and I will update.

DREAM = Bitcoin Cash
Libertas = Monero Only
ZION = Monero
Wall Street Market = Monero
Point Marketplace = Bitcoin Cash, Ethereum
CGMC = Litecoin

Step #3: Get a wallet
Get a wallet for your new coins. The simple and fastest way to get a web wallet in seconds is Monero Wallet for Monero, Bitcoin Cash Wallet for Bitcoin Cash, Ethereum Wallet for Ethereum. You can also download software wallets but they can be harder and takes some time to use like Monero GUI for Monero, Eelectron Cash for Bitcoin Cash, Ethereum Wallet for Ethereum.

Step #4: Find the right Bitcoin Fee
Go to Bitcoin Fees and they can tell you the fastest and cheapest Bitcoin miner fee to pay. Again, you only need to pay this 1 time, after this, transactions will costs cents and confirmations times will take minutes for any coin on any market. To find the right fee look for Which fee should I use? and it will say something like The fastest and cheapest transaction fee is currently 410 satoshis/byte The 410 will change depending on the current network transactions. This means you need to pay a fee of 410 sat/B. If you need to know the mBTC/byte fee on the Bitcoin Fees page at the very top left change the drop down box from Satoshis to mBTC and look for Which fee should I use? and it will say something like The fastest and cheapest transaction fee is currently 0.0041 mBTC/byte

Step #5: Convert your coins
Go to Changelly. Type in the amount of bitcoins to want to exchange. On the right use the drop drop box to select which coin you want such as Monero, Ethereum or Bitcoin Cash. Then click EXCHANGE.

For Monero, put your Monero wallet address from Step #3 in the XMR ADDRESS box. It asks for Payment ID in the second box. You can find this in your Monero Wallet if you look for Receive Moreno Payment, put that into the box and click NEXT Click Confirm and make Payment Changelly will now give you address to send the bitcoins to. The address is located right above the QR Code. Remember to pay the right fee then once you send the coins you are all done! Again it could take 5-30mins to convert. Your bitcoin coins are now converted to the coins you selected in step #3 and will arrive in your new wallet to buy stuff on your favorite market with coins for super cheap transactions fees and super fast confirmation times.

For Bitcoin Cash, simple type in the amount of bitcoins to want to convert and click Exchange. Review your order and click Next. In the BCH ADDRESS box type in your Bitcoin Cash Wallet address you created in Step #3. Click Next. Click Confirm and Make Payment Changelly will now give you address to send the bitcoins to. The address is located right above the QR Code. Remember to pay the right fee then once you send the coins you are all done! Again it could take 5-30mins to convert. Your bitcoin coins are now converted to the coins you selected in step #3 and will arrive in your new wallet to buy stuff on your favorite market with coins for super cheap transactions fees and super fast confirmation times.

For Ethereum, simple type in the amount of bitcoins to want to convert and click Exchange. Review your order and click Next. In the ETH ADDRESS box type in your Ethereum Wallet address you created in Step #3. Click Next. Click Confirm and Make Payment Changelly will now give you address to send the bitcoins to. The address is located right above the QR Code. Remember to pay the right fee then once you send the coins you are all done! Again it could take 5-30mins to convert. Your bitcoin coins are now converted to the coins you selected in step #3 and will arrive in your new wallet to buy stuff on your favorite market with coins for super cheap transactions fees and super fast confirmation times.

Please provide any feedback or corrections to this post. Thank you! Enjoy!


Comments


[12 Points] wimpleton_:

somebody sticky this shit. we ALL need it.

thanks for the write up homie


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[3 Points] BronkoBronkowitsch:

It is about time the DNM-Scene switches to appropriate alternatives. Considering the anonymity features and the dynamic scaling Monero is the way to go in my opinion.

Thank you for posting this guide.


[2 Points] Jamessuperfun:

I don't think CGMC supports Monero, its BTC only. I would be interested in using Monero if it was an option.


[2 Points] DMN45896456:

BRO, your a legend, I did the conversion in about 30 mins, bought some stuff, paid 63 cent transaction fee, 5 mins to confirmation, vendor market accepted, should ship tomorrow, i love you man, been waiting 6 days for my other bitcoin transaction to confirm.


[2 Points] CROdrugs:

Dream accepting Bitcoin cash? Are we on same dream market? I see only normal Bitcoin accepted.


[1 Points] KeepMeAFewDollars:

Thx for this


[1 Points] pastieparty:

Great info. Cheers.


[1 Points] bankbabythrowaway:

Am I crazy? Dream market only lists bitcoin BTC. Though they're not on the market superlist so I'm guessing it's probably unsafe and therefore moo, anyway?


[1 Points] DNrick_sanchez:

for sure sticky


[0 Points] Raverdewd2018:

Fed tryna entrap people.