Jump to content
Stake Forum
Katarina

CoinSwitch As Exchange Office on Stake.com

Featured Comment

Good day everyone! ^_^ 

We've been asked many times whether you can exchange coins here on the website. Since we, unfortunately, don't have an official exchange office, I decided to show you how to exchange some of the supported coins into other supported ones using CoinSwitch. 

If you find anything in this tutorial confusing, don't hesitate to contact me, I will do my best to explain in even further detail.

As a starter pack, you will need to open Stake in two tabs, and you will also need to have minimum withdrawal amounts on your balance.

Minimum amounts for withdrawals are:

  • For BTC: 0.002 BTC (fee is 0.00005 BTC)
  • For LTC: 0.1 LTC (fee is 0.0005 LTC)
  • For ETH: 0.04 ETH (fee is 0.0002 ETH)
  • For BCH: 0.002 BCH (fee is 0.00001 BCH)
  • For DOGE: 500 DOGE (fee is 1.5 DOGE)

It is important to have these mins because you will be doing some withdrawals. :) 

  • Go to Deposit>Pay With Altcoins
  • The 'Pay With Altcoins' window will pop up and you will be able to choose the coins for your exchange. I converted LTC to BTC to show you how this works. :)

image.png

  • After choosing the coins, click on View Exchange Rate:

image.png

  • Here you will be able to see what are max and min deposit amounts and how much is the Miner fee, if any, but please always check if that deposit minimum is the same or bigger than the withdrawal min on Stake. It will happen for some coins that the CoinSwitch min depo is smaller than withdrawal min on Stake. 

           For example, if CoinSwitch LTC deposit min is 0.02, and Stake's LTC min withdrawal is 0.1, you will have to have 0.1 LTC on your balance to do this exchange.

           !!! For some other coin, for example BCHABC, the CoinSwitch deposit minimum is much bigger than the Stake's BCHABC  min withdrawal. Be extremely careful here because if you send less than the minimum, the funds will not be converted. !!!

image.png

  • By clicking on 'Start Transaction', a 'Deposit Info' window will open. In that window, you will see the deposit address to which you will need to send the funds in the coin you chose under 'Deposit With'. Again, always check the min depo amount on CoinSwitch and Stake min withdrawal amount.

         image.png

  • Copy the address> go to the 2nd Stake window you opened at the beginning of this tutorial, click on Deposit>Withdrawal (do not close the 1st window).
  • Paste the address you copied a few moments ago, and choose the amount (pay attention to the min depo amount on CoinSwitch and min withdrawal amount on Stake!)

image.png

 

image.png

  • In the 1st window, click on 'View Order Status', and a window like this will appear:

image.png

  • You can see the Status of the transaction. It says 'Confirming' if it is not confirmed, and 'Confirmed' if it is.
  • I would recommend saving somewhere this Order ID so that you can check the transaction status in case it doesn't get credited for some time.
  • If you want to check your Order Status, go to https://coinswitch.co/ >Support>Track order>paste your Order ID

image.png

image.png

  • The funds will be on your balance as soon as the transaction gets enough number of confirmations.

NOTES: 

  1. We only accept BCHABC
  2. BCH cannot be converted to BTC
  3. Receive BCH' is not functional at the moment

Thanks for reading 'til the very end. :P 

If you find some mistake or that I missed to mention something, or you have any questions, please comment here or contact me in pm. :) 

Have a lovely day everyone! ^_^ 

Share this post


Link to post
Share on other sites

Thanks Katarina, useful information! Sometimes it is not possible to exchange coins with third-party resources because of the large commission, and you have to search for a favorable rate for a very long time! Especially when it is needed very urgently!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×