Bitcoin is fine digital gold on the market of cryptocurrency, so no wonder you decided to get some in exchange for silver from BitShares.
The most popular and easiest way to buy and sell digital assets is by exchanging cryptocurrency or digital currency.
4 steps to exchange BTS to BTC
If describe the fastest way for BTS to BTC exchange it will take only 4 steps that look like:
Step 1. Select the coins: BTS to BTC;
Step 2. Specify the number of BTS coins;
Step 3. Enter the wallet address;
Step 4. Click on the “Exchange” button.
Now let’s take a look at this process closer and consider some details that need to be taken into account when exchanging.
How to find the best cryptocurrency exchange
If you intend to exchange BitShares (BTS) to Bitcoins (BTC), it implies that you already have BitShares and probably have some experience in buying and selling by using a specific exchange site. Anyway, you might want to find the one that offers the best exchange rate at the time of the desired exchange. You can find the BitShares Bitcoin exchange rates updated in real-time, which is very convenient.
Currently, BTS BTC can be converted across many exchanges. Moreover, since it became possible for everyone to start their own exchange, many of them have appeared. According to some estimates, there are only 500 exchanges in the world. Therefore, since it is about your assets and scams and frauds are out there, you should be very careful when choosing an exchange.
When choosing an exchange, consider also the commission charged for each of the transactions. Fees may be based on the size of the transaction, or they may depend on your activity level, or, in some cases, they may not be related to any of these factors. Learn about the fees and consider how they would impact your investing based on your style.
BTS to BTC exchange in details
After choosing the exchange platform, select BTS coins in the left box and BTC in the right box of the converter, then specify the number of BTS coins you want to say goodbye to. Bear in mind that there will be a minimum amount of the exchangeable coins.
Make sure the exchange rate is favorable. The function of “fixed rate” will be very useful as it is designed to protect you from market fluctuations. It means that the exchange will be performed with the exact rate displayed to you as the rate remains fixed in case of deposit received within 30 minutes. Therefore, you’d better choose the platform with such a function, which will reduce risks connected with transactional operations.
Type in the address of your BTC or multicurrency wallet to receive the converted amount.
Carefully check the recipient’s address and order details and, finally, click the “Exchange” button.
Expectation time often depends on the confirmation speed in a decentralized network and the amount of the coins you want to exchange: the higher the number, the longer the wait. Nonetheless, reputable exchange sites value their clients’ time by providing not only reliable but fast service as well.
We hope the above tips will help you find the safest, cheapest and fastest way to manage your digital assets.