How To Change Cash To Bitcoin

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Learn how to change Coinbase currency, an app made for purchase, sale and exchange of the digital currency known as Bitcoin.

One of the easiest ways to get bitcoins Converting your cash to bitcoin can get you bitcoins within a couple of hours. Make sure you have a Bitcoin wallet before you buy since some of the exchanges below require one. If you don't have a wallet, read our guide on the best Bitcoin wallets. Transaction malleability essentially allowed a potential attacker to change the digital signature on a Bitcoin transaction—and thereby change the transaction’s public ID—without changing any details of the transaction itself (e.g. The public keys involved, the outputs, etc.).

Can you sell bitcoins for cash

If you have the Coinbase application installed on your smartphone, you may want to change its currency. By default, the currency selected when you install Coinbase on your smartphone is the US dollar, but there are dozens of other currencies you can use to make the Bitcoin conversions.

The process to change currency on Coinbase, Bitcoin currency transaction application, is very simple and with just a few touches on your smartphone screen you can already do the conversion of Bitcoin to any other currency available in the app.

But before we go to the tutorial on how to change Coinbase currency, we did a little introduction talking about the application, which is already one of the most downloaded in this segment in the app stores for the simple fact of having a very simple user interface and for its ease of use.

Coinbase: A quick summary about the purpose of the application

Coinbase is an app that is available for Android and iPhone in the respective app stores. The application is intended for people working with the digital currency known as Bitcoin.

The application allows its users to move the Bitcoin currency among themselves in buying, selling and exchange. These types of transactions are all made from Coinbase’s own interface.

The Coinbase home screen is very intuitive and shows Bitcoin’s real-time quote with accurate statistics on currency fluctuation throughout the day.

Coinbase still has a virtual wallet within the application itself, in addition to controlling your earnings/spending, you can still have dated information about all your purchase, sale and exchange transactions, all in a simplified interface of easy understanding.

  1. To change the Coinbase currency, first find and open the app on your smartphone and in the upper-left corner of the screen, tap the “Menu” icon (three horizontal lines) to open the Coinbase options menu where you will find the app settings option.
  2. The menu with the Coinbase options has been opened. Now scroll down until you find the “Settings” option and click on it to open the settings screen.
  3. You are now in the Coinbase settings screen. Look for the “Native currency” option and touch it to display the currency options.
  4. The Coinbase currency options are now displayed. Scroll through the screen (if necessary) and tap the currency you want to use in the application interface, and then tap the “Ok” button to change Coinbase currency.

In 2017 Bitcoin Cash forked out of Bitcoin and the amount of buzz it created is no more a secret.

How To Add Money To Bitcoin Wallet

According to me, it was a planned fork to overtake Bitcoin. A form of attack on Bitcoin or Bitcoin core as the Bcashers call it. But it is no 2019, and the dust has settled.

The market has come to a conclusion which is the original Bitcoin and which is merely an altcoin. This realization of the market is making many Bcashers (BCH) to flock to Bitcoin.

Some of you might be exchanging Bcash (BCH) to BTC for the first time. Use this step by step guide for your purpose to do it cautiously because crypto transactions are irreversible.

Let’s get started:

How & Where To Exchange Bitcoin Cash (BCH) To Bitcoin Core?

Step #1.Changelly is my go-to service to exchange or swap one cryptocurrency to another easily and swiftly. Sign-up on Changelly using your email ID. At the start, you are not required to produce any KYC documents, but in the future, as your transaction volume increases, you might be required to provide some ID documents.

Step #2. Check your inbox once you have signed-up for Changelly. Confirm your subscription if you have received an email from Changelly. Ignore this step if you haven’t got any mail.

Step #3. Once you have logged-in to Changelly, you will see this screen. Enter the amount of BCH you want to convert to BTC. As you enter the amount, the BTC field will get auto-filled showing you the number of bitcoins you will get for this conversion.

Step #4. Now click on ‘Exchange Now’ button as shown in the above screen. As you do that you will see this screen showing you the high-level details of the conversion such as fees, exchange rate, time, etc. You can here too, change the amount of Bitcoin Cash that you wish to exchange for Bitcoin.

Step #5. Once you have checked the details, click on ‘Next Step’ as shown in the above image and you will see this next screen asking for your Bitcoin address. This is the address on which you will receive your bitcoins so enter this very cautiously as shown below.

Note: If you don’t have a Bitcoin address yet we recommend you to get one for yourself by choosing an appropriate Bitcoin wallet from this list of reliable wallets.

Step #6. Now click on ‘Next Step,’ and you will be shown on this screen. Check all the minute details of the exchange like time, fees, exchange rate, address, etc. This is the final check before you proceed for actual exchange, so do make sure to verify everything thoroughly.

Step #7. After checking the details, click on the ‘Confirm & Make Payment’ option shown in the above image. Once you do that you will see this screen asking you to deposit BCH coins on a particular address. Use your BCH wallet or exchange to send BCH on this address by either scanning the QR code or copying the address.

Step #8. Once you have transferred the funds to this address, it will run on autopilot. You will see this screen telling you about the exchange ‘Wait for exchange’. This wait time is basically for the BCH blockchain to confirm the transaction, and once sufficient confirmations are achieved, it will confirm.

The swapping process itself is almost instantaneously, but the blockchain network takes the rest of the time. Typically, the exchange comprises of these three stages:

  • Getting confirmations
  • Exchanging BCH to BTC
  • Sending Bitcoin to your wallet

Step #9. Sit back, relax and do nothing. Just wait for your transaction to confirm and Changelly to exchange your BCH to BTC. Once that is done, you will automatically see this screen informing about the successful conversion. You can also check the actual transaction on the blockchain by clicking on ‘See transaction on the blockchain.’

Congratulations, Tada….!!! You have done it

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Note: BCH to BTC conversion can take up to 3 hours because of the large number of confirmations that BCH exchanges are taking these days for precaution.

Conclusion: Convert or Exchange BCH To BTC-Is It Wise?

That’s how you can safely convert your Bitcoin Cash to Bitcoin core using Changelly. Changelly is a renowned name in cryptosphere serving the industry from 2015, so don’t worry about your funds as their support is quite supportive.

On the other hand, exchanging BCH to BTC is a wise call because I don’t think BCH will continue to exist in the top 10 currencies in the next ten years. Moreover, the grounds on which it was forked are already shaky, and there have been again a fork of BHC into BCH SV, which just increases the drama with no substance.

That’s why I think Bitcoin, which is the most liquid of all cryptos is a safer bet than Bitcoin cash.

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