Cryptocurrencies on shapeshift

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Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions. ShapeShift Understanding the ShapeShift Cryptocurrency Exchange One can use Shapeshift to change one type of cryptocurrency to another, making it a good choice for one who wants to obtain altcoins. In other words, Shapeshift is a crypto-to-crypto exchange where you can exchange cryptocurrency-to-cryptocurrency only.

All these choices generally accomplish the same thing, the trading of one coin for another, but ShapeShift is special in that it lets you obtain altcoins without having to use fiat and for now without signing up for an account. UPDATE: Shapeshift originally did not require you to create an account, however Shapeshift has recently introduced a membership program.

Moving forward Shapeshift will require you to sign up. Learn more about the ShapeShift membership program. With that said, you have to use their exchange rates which are similar to the ones found on coincap. TIP: You need at least one type of cryptocurrency and wallets for at least the type of coins you want to exchange. For example this is the case with Ripple. The platform gives you the power to quickly swap between assets — no account required.

It goes like this: Select Bitcoin as the input and Ether as the output Provide your Ether address from your Ether wallet in the top box destination address and your Bitcoin address refund address. ShapeShift will generate a bitcoin deposit address for you this is the address you will send your bitcoin from your bitcoin wallet to.

In a few moments, your Ether will be quickly sent to you. Essentially, this means low-volume traders on ShapeShift could never pay significant trading fees. High-volume ShapeShift traders, meanwhile, can buy FOX tokens to reduce their transaction fee burden. Starting in , however, ShapeShift introduced a new trading platform that connects directly with your software wallet Portis or hardware wallet KeepKey, Trezor, or Ledger.

This option is available to US customers only. ShapeShift Currencies and Pairs ShapeShift currently supports all major cryptocurrencies and several lesser-known tokens. ShapeShift will periodically remove or add certain tokens from the above list. Double check with ShapeShift to ensure the token you want to trade is supported. ShapeShift also recently added the ability to pay using USD from a bank account.

However, you will send tokens to ShapeShift when making a swap. You can make trades on ShapeShift without registering. Trading can be anonymous. ShapeShift Trading ShapeShift trading is easy for a beginner and advanced traders alike. Enter the type of cryptocurrency you wish to sell and the type of cryptocurrency you wish to buy.

Enter the amount you wish to sell and ShapeShift will calculate the exchange rate. ShapeShift will release your tokens and complete the swap as soon as it receives your tokens. Typically, ShapeShift aims to earn revenue of about 0. One nice thing about ShapeShift is that you receive exactly what the exchange rate shows. With Changelly and other swap platforms, exchange rates are calculated in real-time, which means the exchange rate you see on the first confirmation page may not be the exchange rate you pay at the time of the swap.

Many alleged that these hacks were inside jobs. However, no customer funds were lost during these breaches, and all of the stolen cryptocurrency was owned by ShapeShift itself. ShapeShift later used this as evidence that a non-custodial exchange was operating as it should be operating.

Notably, ShapeShift has not been hacked since then. Ease of Use ShapeShift is easy to use, and the exchange has become even easier since its latest update. Today, original ShapeShift users can continue to use ShapeShift Classic, while new users should find the new version of ShapeShift very easy to use. You can even directly connect your wallet to ShapeShift for the easiest trading process possible.

Trust and Privacy ShapeShift was an anonymous crypto-to-crypto swap platform for most of its history from onward. Today, ShapeShift is more trusted, transparent, and regulated than ever before. Customer Service Just like most crypto exchanges, ShapeShift offers average customer service. You can submit a request through that center, view tutorials, or check FAQs.

ShapeShift does not offer live chat support or phone support. All customer support is delivered through email requests. Sign Up For most of its history, ShapeShift let you trade assets with no login, registration, or verification required. Since , however, ShapeShift has required users to register before making a trade. Visit ShapeShift. You can also sign in using your Google account. Enter your email address and choose a password 2.

Verification ShapeShift will place you right into your account dashboard without needing to verify your email address. To start, verify your email address by clicking on the link ShapeShift sent to you. Then, complete the remaining steps by entering your name, date of birth, phone number, and address. Wait for ShapeShift to verify your account information.

Then, your verification process is complete and you can begin making swaps on ShapeShift.

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Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions. ShapeShift Understanding the ShapeShift Cryptocurrency Exchange One can use Shapeshift to change one type of cryptocurrency to another, making it a good choice for one who wants to obtain altcoins.

In other words, Shapeshift is a crypto-to-crypto exchange where you can exchange cryptocurrency-to-cryptocurrency only. All these choices generally accomplish the same thing, the trading of one coin for another, but ShapeShift is special in that it lets you obtain altcoins without having to use fiat and for now without signing up for an account. UPDATE: Shapeshift originally did not require you to create an account, however Shapeshift has recently introduced a membership program.

Moving forward Shapeshift will require you to sign up. Learn more about the ShapeShift membership program. With that said, you have to use their exchange rates which are similar to the ones found on coincap. TIP: You need at least one type of cryptocurrency and wallets for at least the type of coins you want to exchange. For example this is the case with Ripple.

The platform gives you the power to quickly swap between assets — no account required. It goes like this: Select Bitcoin as the input and Ether as the output Provide your Ether address from your Ether wallet in the top box destination address and your Bitcoin address refund address. ShapeShift will generate a bitcoin deposit address for you this is the address you will send your bitcoin from your bitcoin wallet to.

One nice thing about ShapeShift is that you receive exactly what the exchange rate shows. With Changelly and other swap platforms, exchange rates are calculated in real-time, which means the exchange rate you see on the first confirmation page may not be the exchange rate you pay at the time of the swap. Many alleged that these hacks were inside jobs. However, no customer funds were lost during these breaches, and all of the stolen cryptocurrency was owned by ShapeShift itself.

ShapeShift later used this as evidence that a non-custodial exchange was operating as it should be operating. Notably, ShapeShift has not been hacked since then. Ease of Use ShapeShift is easy to use, and the exchange has become even easier since its latest update. Today, original ShapeShift users can continue to use ShapeShift Classic, while new users should find the new version of ShapeShift very easy to use. You can even directly connect your wallet to ShapeShift for the easiest trading process possible.

Trust and Privacy ShapeShift was an anonymous crypto-to-crypto swap platform for most of its history from onward. Today, ShapeShift is more trusted, transparent, and regulated than ever before. Customer Service Just like most crypto exchanges, ShapeShift offers average customer service. You can submit a request through that center, view tutorials, or check FAQs. ShapeShift does not offer live chat support or phone support. All customer support is delivered through email requests.

Sign Up For most of its history, ShapeShift let you trade assets with no login, registration, or verification required. Since , however, ShapeShift has required users to register before making a trade. Visit ShapeShift. You can also sign in using your Google account.

Enter your email address and choose a password 2. Verification ShapeShift will place you right into your account dashboard without needing to verify your email address. To start, verify your email address by clicking on the link ShapeShift sent to you. Then, complete the remaining steps by entering your name, date of birth, phone number, and address. Wait for ShapeShift to verify your account information. Then, your verification process is complete and you can begin making swaps on ShapeShift.

ShapeShift provides you with a series of backup code numbers you can use to regain access to your account if you lose your second authentication device. Download Google Authenticator, then confirm the 2FA setup by entering the new verification code. You can trade directly from the front page of ShapeShift.

Precise orders require you to provide your exact deposit amount in advance. Choose your cryptocurrencies by clicking either crypto icon. This is the public wallet address you want your received funds to be sent to. Check the exchange rate and confirm the details. Be aware that ShapeShift charges an exchange rate fee of approximately 0. You may get a discount on trading fees or even free trades altogether if you have FOX tokens in your account. Click Next. ShapeShift will generate a sending address for you.

Or, if you have previously connected a software or hardware wallet, a transaction screen will pop up for that wallet. As soon as ShapeShift receives your cryptocurrency, it will release your tokens to the receiving address you provided. Alternatively, you can access a more conventional trading interface by visiting ShapeShift. The tokens you got during the swap are already in the wallet you provided during the swap.

Final Word ShapeShift is the most established name in the crypto swap space.