How to convert Monero to Bitcoin?

The world needs more privacy – from finance to data sharing, our personal space gets breached almost every day. Private coins are among the oldest crypto assets on the market. DASH was launched in January 2014. Monero was launched in April 2014. These were the years when crypto wasn’t as popular as it is now, and mainstream media didn’t even know the word “Bitcoin”. Cryptocurrencies were the vehicle of transferring value and paying for goods between computer geeks as some kind of an experiment. This experiment was deemed successful and more and more people started using cryptocurrencies. Among many other great features, cryptocurrencies have one particular quality, a greater privacy compared to fiat currencies. That’s why Monero was created, as a response to those who wanted total privacy, who wanted to protect their personal life and finances. In this article you will find valuable information about BTC to XMR or XMR to BTC exchange, how to exchange Bitcoin to Monero and more...

convert Bitcoin to Monero

What is Monero XMR?

Monero was created as a fork of Bytecoin, the first privacy-oriented coin which is still present on the market. Initially, the project had 5 developers, only 2 of them are known, 3 still remain anonymous. One of the people who started the project – Riccardo Spagni (also known as Fluffy Pony), is one of the main developers in Monero today.

Are Monero XMR transactions traceable?

The unique feature of Monero is, of course, privacy. The coin offers almost total anonymity due to its advanced technology. While Bitcoin allows checking all details of every transaction on its blockchain, Monero hides everything that could lead to the participants. The chain hides the address of the sender and receiver, as well as the value of the transaction. What’s the purpose of hiding your funds? That’s very important in a world where your bank account can be frozen anytime with all your funds whenever the service provider wants it. It’s about financial privacy and controlling your money on your own instead of handing that right to a third party.

Why is it hard to trace Monero transactions? The network uses ring signatures and stealth addresses. Ring signatures are the way to hide the traces of the initial sender in the blockchain. When a transaction gets sent, it has to be signed anonymously, the unique signature of the sender gets combined with non-senders and forms a ring. All of these users from this point are considered valid and equal. Then the transaction gets verified with a one-time key and gets sent to the receiver. Stealth address is also one-time use only. Overall, these features allow Monero users to stay anonymous and keep their funds in secret.

How to exchange Bitcoin BTC to Monero XMR? (XMR to BTC Exchange)

To exchange Bitcoin to Monero (BTC to XMR), few things are needed – an XMR wallet, an exchange platform and some amount of BTC to swap. Next question is – how do you find an appropriate Bitcoin to Monero exchange for making a crypto trade? Non-custodial services offer their support for XMR and do not violate your privacy. Besides you can also have a look at the BTC to XMR exchange rate (1 XMR to BTC) on Swapzone before converting XMR to BTC.

What's the best Bitcoin to Monero exchange, where can you exchange Bitcoin to this cryptocurrency? If you want to convert Bitcoin to Monero with maximum profitability, first of all, you have to check all available offers. Thus it would be great to visit an exchange aggregator, such as Swapzone. It collects all offers from many crypto exchanges and allows you to convert BTC to XMR at best rates. It means that you can use Swapzone as XMR to BTC converter.

How to exchange Monero on Swapzone? You have to follow these simple steps:

  1. Go to Swapzone
  2. Select the currencies to swap in the Deposit and Receive fields and enter the amount
  3. Check the available offers for XMR to BTC exchange from the service providers, pick the one that suits you best
  4. Click the Exchange button to proceed
  5. On the next screen enter the recipient’s address. Make sure you have entered the information correctly
  6. Press Proceed button to continue with the exchange
  7. Send the amount needed for the exchange to the Deposit address generated by the service provider
  8. Give the transaction some time to process and receive exchanged coins

This is how easy the process to convert Monero to Bitcoin is on Swapzone. But if you need to help on converting XMR to BTC, let us know.