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Exchanging Cryptocurrencies

Moving from one coin to another through exchanges. For example, exchanging Bitcoin for Monero.


Bitcoin to Monero


How to Convert Bitcoin to Monero Using Trocador Trocador: https://trocador.app/en/


Trocador is a user-friendly and efficient platform that allows you to convert Bitcoin to Monero, providing greater privacy and anonymity. Here's a step-by-step guide on how to use Trocador.


Steps 2 - 4 are optional!


Step 1: Access Trocador

  1. Open your web browser and visit the Trocador website (make sure you're using a secure and reputable website).

Step 2: Create an Account(Optional)

  1. If you don't already have an account, sign up for a Trocador account by providing your email address and creating a secure password. Follow the account creation steps as instructed.

Step 3: Log in to Your Account(Optional)

  1. After creating an account, log in using your email and password.

Step 4: Set Your Exchange Preferences(Optional)

  1. Once you're logged in, go to your account settings and specify the exchange details. You'll need to select Bitcoin as your source currency and Monero as your destination currency.

Step 5: Enter Transaction Details

  1. After configuring your exchange preferences, enter the amount of Bitcoin you want to convert into Monero. Trocador will display the estimated Monero amount you will receive.

Step 6: Provide Your Monero Wallet Address

  1. You'll need a Monero wallet to receive the converted Monero. Enter your Monero wallet address in the provided field. Make sure it's accurate to prevent any loss of funds.

Step 7: Confirm the Exchange

  1. Review all the details of your exchange, including the amount, destination address, and fees. Ensure everything is correct, and then confirm the exchange.

Step 8: Send Bitcoin to the Provided Address

  1. Trocador will provide you with a Bitcoin address to send your BTC. Use your preferred Bitcoin wallet to send the specified amount to the given address. Ensure you send the exact amount within the specified time frame.

Step 9: Wait for Confirmation

  1. Trocador will confirm the receipt of your Bitcoin and process the exchange. The duration of this process may vary, but you'll receive updates on the status.

Step 10: Receive Monero

  1. Once the exchange is complete, you will receive the converted Monero in your specified Monero wallet.

Step 11: Check Your Monero Wallet

  1. Verify that the Monero has been successfully deposited into your Monero wallet. You can now use your Monero for various transactions with enhanced privacy.

Step 12: Secure Your Transactions

  1. For enhanced security and privacy, consider using additional Monero features like mixing and Ring Signatures to further anonymize your transactions.

Remember to exercise caution and ensure the security of your funds throughout the exchange process. Always use reputable platforms like Trocador for cryptocurrency conversions.


Bitcoin & Cash App


Buying Bitcoin


Buying Bitcoin on Cash App is a relatively straightforward process. Here's a step-by-step guide:


Step 1: Download and Set Up Cash App


  1. If you haven't already, download the Cash App from the App Store (iOS) or Google Play Store (Android).

  1. Open the app and sign up for an account. You'll need to provide your mobile number or email address to get started.

  1. Link your bank account or debit/credit card to your Cash App account. This will be used to fund your Bitcoin purchase.

Step 2: Verify Your Identity


Cash App may ask you to verify your identity, depending on your location and usage. Follow the on-screen prompts to complete this step if required.


Step 3: Add Funds to Your Cash App


Before you can buy Bitcoin, make sure you have a sufficient balance in your Cash App. You can add funds by linking your bank account or card and transferring money to your Cash App balance.


Step 4: Buy Bitcoin


  1. Open the Cash App.

  1. On the home screen, you'll see several icons at the bottom; one of them is labeled "Investing." Tap on it.

  1. Scroll down, and you'll find "Bitcoin." Tap on "Bitcoin."

  1. You'll see options to buy and sell Bitcoin. Tap "Buy."

  1. Enter the amount of Bitcoin you want to purchase. You can also use the slider to select a specific amount or buy a certain dollar amount worth of Bitcoin.

  1. Review the details of your purchase, including the current Bitcoin price and fees. Make sure everything looks correct.

  1. Confirm your purchase by entering your Cash App PIN or using your fingerprint/face recognition if enabled.

Step 5: Confirm Your Purchase


After confirming your purchase, you'll receive a notification confirming the transaction. The Bitcoin you've purchased will be added to your Cash App Bitcoin balance.


Step 6: Secure Your Bitcoin


For added security, consider transferring your purchased Bitcoin to an external wallet if you plan to hold it long-term. While Cash App is secure, it's best practice to store larger amounts of cryptocurrency in a dedicated hardware wallet or a more secure software wallet.

That's it! You've successfully purchased Bitcoin on Cash App. Keep in mind that Bitcoin prices are highly volatile, so it's essential to stay informed about the market if you plan to buy and hold Bitcoin as an investment. Additionally, be aware of any fees associated with buying and selling Bitcoin on Cash App, as these can change over time.


Sending Bitcoin


Step 1: Install and Set Up Cash App


  1. Download the Cash App from the App Store (iOS) or Google Play Store (Android).
  2. Open the app and sign up or log in to your existing Cash App account.
  3. Link your bank account or debit/credit card to your Cash App account for funding your transactions.

Step 2: Add Bitcoin to Your Cash App


  1. Open the Cash App.
  2. Tap on the "Investing" tab at the bottom of the screen.
  3. Scroll down and tap on "Bitcoin."
  4. Tap "Buy" to add Bitcoin to your Cash App balance. You can choose the amount you want to buy.

Step 3: Send Bitcoin


  1. Open the Cash App.
  2. Tap on the "Banking" tab at the bottom of the screen.
  3. Select "Bitcoin" under "Assets."
  4. Tap on "Send Bitcoin."
  5. Enter the recipient's Bitcoin address or scan their QR code using your phone's camera.
  6. Double-check the recipient's address to ensure accuracy. Bitcoin transactions are irreversible, so mistakes cannot be undone.
  7. Enter the amount of Bitcoin you want to send.
  8. You can also include a note for the recipient to help them identify the transaction.
  9. Review the details and tap "Confirm" to initiate the Bitcoin transfer.

Step 4: Verify and Confirm


  1. Cash App will show you a summary of the transaction, including the amount of Bitcoin being sent, the recipient's address, and any notes.
  2. If everything looks correct, tap "Confirm" to finalize the transaction.

Step 5: Transaction Processing


  1. Cash App will process the transaction and send the Bitcoin to the recipient's address.
  2. You will receive a notification confirming that the transaction was successful.

Please note:

  • Make sure you have sufficient Bitcoin in your Cash App balance before attempting to send it.
  • Double-check the recipient's Bitcoin address to avoid sending Bitcoin to the wrong address. Transactions are irreversible.
  • Bitcoin transactions on the blockchain might take some time to confirm, depending on network congestion. Be patient.
  • Cash App may charge fees for buying and sending Bitcoin. Check the fees section within the app or on the Cash App website.

Finding Transaction Details - TXID

Here's how you can access transaction details within Cash App:


Step 1: Open the Cash App


  1. Launch the Cash App on your mobile device.

Step 2: Navigate to Your Transaction History


  1. Tap on the "Activity" tab at the bottom of the screen. This tab usually looks like a clock icon.

Step 3: Find the Bitcoin Transaction


  1. Scroll through your transaction history to locate the Bitcoin transaction for which you want the details.

Step 4: Access Transaction Details


  1. Tap on the specific Bitcoin transaction. This will open up the transaction details page.

Step 5: Locate Transaction Details


  1. On the transaction details page, you'll see information about the transaction, including the amount of Bitcoin sent or received, the time of the transaction, and any notes you added.

Step 6: Transaction ID


  1. Towards the bottom of the window there should be a "Web Receipt" button. Click on this and you will be taken to a page that looks similar. Now, there is another option, "View on Block Explorer."

Step 7: Block Explorer - Get TXID


  1. When you click 'View on Block Explorer,' you will be directed to a third-party website, mempool.space, offering comprehensive transaction details on the Blockchain. Look for a long 64-character string at the top of the page; this is your transaction ID. Kindly make a note of this ID and use it as required.

Example Transaction ID:

0c61921b3b509805ad6a9411a8c6f04983520c952e396d2929ca63fc66f45ee5


Remember that the specifics may change over time, so it's always a good idea to refer to the latest information within the Cash App itself or on their official website.


Edit Report
Pub: 31 May 2024 20:24 UTC
Edit: 31 May 2024 20:27 UTC
Views: 278