Transformations not only for mythical creatures
According to my posts about Prism and Exodus, in which I mentioned Shapeshift several times, it was only a matter of time until I release about ShapeShift too. As with the other two contributions, this also aims at newcomers in the cryptospace, which are not very familiar with the foundations yet.
What is ShapeShift?
As the name suggests, this is about converting; Converting of cryptocurrency. Everyone knows this, you want to quickly buy something somewhere, but unfortunately the shop does not accept your favorite currency, which still sits in your wallet. Changeing it on an Exchange is a possibility, but until the currency has been passed, exchanged and repaid it can take up to an hour. If there is only one way to exchange your coins directly and without much effort...
Oh wait, there is!
ShapeShift allows the user to convert his digital currency directly and within minutes. Admittedly, the fee of 0.3 - 3% depending on the coins and market position appears quite juicy, however, this is the comfort and the speed mostly worth.
How can I use it?
Sounds like a great thing! But how do I use ShapeShift?
Step one
Go to the ShapeShift page and select your assets:
Step two
Specify an address to which the coins can be sent back in case of a problem. In addition, the address of the currency you want to convert to is needed.
Step three
Now you have to send the amount you want to convert, to the listed address.
Step four
Now it's waiting time. Depending on the coins you exchange, this can take between two and twenty minutes.
Step five
Done. Now you should have the newly converted coins in your target wallet.
Help
In case of problems, the ShapeShift Team can help you. Just fill out the form and wait for a reply by email. If you have any questions, do not hesitate to contact me too.
I hope you liked my little tutorial of Shapeshift. If so, I would be very pleased about an upvote. You can also share this post with your friends :)
*This is a translation of my original german post.
I wish a wonderful day 🙌🏼