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how to convert ethereum to bitcoin on shapeshifter

Step 3: Provide the ETH address of your MetaMask wallet in the top box (destination address) and your Bitcoin address (refund address). ShapeShift allows users to buy cryptocurrency with their debit or credit card and Bitcoin Daily: ShapeShift Crypto Exchange Alleges $, Employee. ShapeShift is the trading Cryptocurrency exchange website founded in by Blockchain enthusiast Erik Voorhees and debuted in Erik. BEST AMD ETHEREUM MINING SOFTWARE FOR WINDOWS How to convert ethereum to bitcoin on shapeshifter crypto candy

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The pool sends your 0. As a result, you get the equivalent of 0. Say, you earn 0. We know that many users mine directly to an exchange. Exchanges often have a deposit threshold. For example, a minimum deposit on Kraken is 0. That is why we set a threshold for payouts in NANO in the pool: the equivalent of 0. Even the weakest GPU that mines Ethereum can accumulate the required minimum in one day.

Payouts are processed once a day at UTC. Payouts are not instant. Considering that your ETH must be transferred to an exchange, exchanged, and then transferred back, the whole process usually takes no more than two hours allowing for small delays. We plan to process the payouts more than once a day in the future. The whole process is completely transparent. After the pool issues a payout and even during the payout process , you can monitor the operation status of an exchange system, check an exchange rate, track your money from the moment ETH is sent to exchange to the moment you get NANO.

We made Bitcoin mining on GPU a reality. Payouts are issued once a day at UTC. The whole process usually takes no more than two hours allowing for small delays like waiting for exchanged BTC withdrawn from an exchange. When miners get payouts from our payment gateway, they pay only a part of the transaction fee in the Bitcoin network. We group all miner payouts in one transaction.

The transaction expenses are then divided between the miners in equal parts. All other fees are covered by the pool, including the fee for sending ETH to an exchange and the fee for withdrawing BTC from an exchange. After the pool issues a payout and even during the payout process , you can monitor the operation status of an exchange system, check an exchange rate, track your money from the moment ETH is sent to exchange to the moment you get BTC.

The pool will take care of all conversions with minimal fees. The principle is simple: when you enter your wallet address you need to use your Bitcoin or NANO address. We remind you that RaveOS is absolutely free if you mine in 2Miners pool. First, select your preferred mining client and then set up the simple configuration:. Please pay attention that when you add the wallet address you select the ETH Coin.

If you mine Ethereum in the 2Miners pool, you can choose one of three cryptocurrencies for payouts: Ethereum, Bitcoin, or Nano. The minimum payout in Ethereum is 0. Payouts in ETH are issued within two hours after you reach your payout threshold. No special setup is needed to use auto-exchange. We might also add auto-exchange for other cryptocurrencies in our pools in the future. We are looking forward to your feedback in our Telegram chat and on Twitter. We want our users to get payouts for cryptocurrency mining as easily as possible.

Thank you for choosing us! Join our Telegram community and remember to follow us on Twitter to get all the news as soon as possible. The 2Miners pool co-founder, businessman, miner. In started mining cryptocurrencies and built many rigs on his own.

As a result, he gained lots of practical knowledge and became interested in sharing it with others. In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly.

If you evaluate the daily highs and lows for several weeks you may be able to isolate patterns in its movement. These patterns can help you decide when is the best time to sell your Ethereum. You'll typically get a more reliable price if you use an exchange without a lot of extreme fluctuations in the exchange rate. Method 2. Coinbase, Gemini, and Kraken are 3 of the most popular exchanges used to sell Ethereum for US dollars. Of the 3, Coinbase may have the simplest interface.

However, Coinbase also has the higher fees of the 3. Gemini and Kraken charge fees well under 1 percent. Fees are typically much higher if you're depositing your dollars into a PayPal account rather than a US bank account. Create an exchange account if necessary. If you don't already have an account with the cryptocurrency exchange you want to use, you'll have to set one up before you can sell your Ethereum.

Setting up an exchange account is similar to setting up a traditional banking or investment account online. Each exchange has a slightly different process. Typically, this involves scanning a valid government-issued photo ID and providing personal information such as your birth date and phone number. Link a bank account to receive your funds. Once your account is set up, add your bank account to your profile by entering the account number and bank routing number. Some exchanges may have an additional verification process.

However, if you use PayPal, you'll typically incur higher fees — both from the exchange and from PayPal. Depending on the amount of money you transfer, PayPal may also place a hold on your funds. Send your Ethereum to your exchange account. Your exchange account will have a public address that you'll use to send your Ethereum there from your wallet.

Open your Ethereum wallet interface and click the option to send Ethereum. Then enter the public address for your exchange account. Place an order to sell your Ethereum for US dollars. Once your exchange account is funded, choose the option to sell your Ethereum, then select US dollars USD as the currency you want to trade it for. The default price will be the price Ethereum is currently selling at on the exchange.

However, with a limit order, there is a risk that your Ethereum won't be sold. Withdraw your cash to your bank account. When the sale is completed, US dollars will show up in your exchange account. Select the option to withdraw those funds, then identify the account where you want the funds sent.

If you withdraw on Friday night, for example, your money may not hit your bank account until Tuesday or Wednesday of the next week. Include your email address to get a message when this question is answered. If you sell your Ethereum for more than you originally paid for it, you may be on the hook for capital gains taxes.

Talk to a local accountant or tax advisor who has experience with cryptocurrency transactions. Helpful 0 Not Helpful 0. You Might Also Like How to. How to. Understanding NFTs: What they are, how to buy them, and more.

More References 1. About This Article. Co-authored by:. Co-authors: 2. Updated: March 29, Categories: Cryptocurrencies. Thanks to all authors for creating a page that has been read 44, times. I got what I needed.

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