For those of you who don’t know what I am talking about, here is the thing:
Ripple isn’t completely anonymous when you own and transact it. To supplement this lack of anonymity, many XRP users convert their Ripple into Bitcoin because it breaks the chain and makes them completely anonymous.
However, I understand, your reason for exchanging or converting XRP to BTC might be something else. But whatever it is, you need to do this exchange with extreme caution because crypto transactions are irreversible.
So to help you out precisely with that we have come up with this step by step guide on converting your XRP into BTC in the least possible time with safety.
We have chosen, Cryptmixer cryptocurrency swap service for this tutorial because it is one of the most user-friendly services to exchange one currency to another.
Let’s jump right into the step by step process:
How & Where To Exchange Ripple (XRP) To Bitcoin (BTC)?
Step #1. Go to Cryptmixer [No KYC & No Sign-up]
You should see this screen where you can select Exchange. Do mention the correct amount of XRP you want to mix. Doing this will automatically show you the amount of BTC you will be receiving after the conversion is complete.
Step #2. Here click on the ‘Start’ option shown in the above image to see the below-shown screen. You can even change the amount of XRP you wish to exchange here too. The exchange fee is set to 0.05% of the transaction.
Here they will ask you for your Bitcoin address. If you don’t have the Bitcoin address, we suggest you choose a wallet from some of these best Bitcoin wallets and get an address for yourself. This is the BTC address on which you will get your Bitcoins once the exchange has been completed.
Step #3. After adding the Bitcoin address, click on “Confirm” as shown in the above image. Once you do that you will be shown details of your conversion such as XRP address, fees, time for conversion, etc. Verify the details intently on this page before moving forward for the actual exchange.
Step #4. Once you have checked all the details, click on ‘Start’ shown in the above screen.
You should now see a screen asking you to send the XRP first on a given address. Don’t worry; this is how it is supposed to work when you use Cryptmixer. You need to provide the relevant currency first after which you receive the other currency. Take out your Ripple wallet and put the shown address to send your Ripple on it.
Note: You have 24 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of XRP changes.
Step #5. As soon as you send your Ripple to the shown address, you will start seeing this screen ‘transaction is being confirmed.’ It means your transaction is processing and will be confirmed by the Ripple blockchain soon. Usually, it takes 3 confirmations for depositing Ripple which can take up to an hour in case of congestion on the blockchain.
The swapping process itself happens almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:
Exchanging XRP to BTC
Sending Bitcoin to your wallet
Step #6. Wait with patience, and as soon as your conversion from XRP to BTC is completed, you will see this screen showing you all the details of the transaction.
You can check your transaction details on the respective blockchain also.
Congratulations, Tada….!!! You have done it
Is It like Exchanging Bitcoin ?
Some people mistake this for sending XRP to the network and think that its Ripple’s blockchain that is doing the conversion for them.
But that’s far from reality.
In this conversion powered by Cryptmixer, it acts like a mediator who facilitates the conversion of XRP to BTC . Moreover, Cryptmixer is worth relying on such exchanges because it has made a name for itself doing the same for last 5 years in this industry
So what are you thinking?
Check Out Cryptmixer for free now
Note: We have used the example of XRP to BTC in this tutorial, but the process of converting any other currency to another one is the same, so feel free to try out Cryptmixer for that too !!
If you liked this guide, please share it with your friends & family member who wishes to exchange XRP to BTC or vice versa !!