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Katarina

Exchange coins within Stake.com

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Good day everyone! ^_^ 

We've been asked many times whether you can exchange coins here on the website or not. Since we, unfortunately, don't have an official Stake exchange office, we decided to show you how to exchange directly on the site via CoinSwitch. 

If you find anything in this tutorial confusing, don't hesitate to contact us on Live Support chat, and we will do our best to explain it 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 Stake balance since you will be doing some withdrawals from Stake:

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: 0.02 BCH (fee is 0.00001 BCH)
  • For DOGE: 500 DOGE (fee is 1.5 DOGE)
  • For XRP: 50 XRP (fee is 0.0001 XRP)

After you insured to have these minimums, follow the further instruction: 

  • Go to Cashier Exchange

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  • Deposit you will be able to choose any of the coins from the drop list, but for the exchange within Stake, you will have to choose one of the supported coins:

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  • After choosing the coins, click on View Exchange Rate. Here you will be able to see what are max and min deposit amounts and how much is the Miner fee. Please always check if that deposit minimum is the same or perhaps higher than the withdrawal min on Stake. It will happen for some coins that the CoinSwitch min depo is smaller, as well as higher, than withdrawal min on Stake. 

           For example, if CoinSwitch LTC deposit min is 0.084, 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', the next window will be opened where you will find the deposit address to which you will need to send the funds in the coin you chose under 'Send'. Again, always check the min depo amount on CoinSwitch and Stake min withdrawal amount.
  • Copy the address > go to the 2nd Stake window you opened at the beginning of this tutorial, click on Cashier>Withdraw (do not close the 1st window).
  • Choose the coin, 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!)
  • Click on 'Withdraw' and you will get the notification 'Withdrawal of {Coin} x.xxxxxxxx was successfully sent.
  • In the 1st window, click on 'View Order Status', and a window like this will appear:

image.png

  • 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

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

 

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 us on Live Support chat. :) 

Have a lovely day everyone! ^_^ 

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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!

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Thank you for this Kat.. This is really helpful esp. For us who doesnt have the xrp yet in the coin wallet we're using (ABRA) Been havin a hard time trying to do it until this link was given to me by support lol.. Tried it and it worked 😄 

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On 2/12/2019 at 5:48 PM, Katarina said:

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

Ahh now i see why the exchange rates were almost equal to Min withdrawal was wondering why both are same. 

Quite good explantion :)  all doubts clear now regarding how to exchange coins on stake.

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