How to Swap Bitcoin (BTC) for Monero (XRM) with an External Swapper
While Exodus will be used as an example, this does not imply an endorsement of Exodus. You are encouraged to choose the wallet that best fits your needs.
Using the external swap function will incur lower fees than using an internal swapper.
To swap Bitcoin (BTC) for Monero (XMR) from Exodus using an external swapper, follow these steps. External swappers like ChangeNow, SimpleSwap, or Changelly can be used for this process.
Step 1. Prepare Your Wallets
Exodus Wallet: Ensure you have BTC in your Exodus wallet.
Monero Wallet: Have a Monero (XMR) wallet ready to receive your swapped Monero. This can be within Exodus (if it supports Monero) or another Monero-compatible wallet.
Step 2. Select an External Swapper
Choose a service such as ChangeNow, SimpleSwap, or Changelly.
Visit their website and ensure they support BTC to XMR swaps.
Step 3. Initiate the Swap on the External Swapper
Enter Details: On the swapper’s website, select BTC as the currency you want to send and XMR as the currency you want to receive.
Enter Amount: Specify the amount of BTC you want to swap.
Click on “Exchange”
Open Exodus: Go to your Monero wallet within the Exodus app
Receive Monero (XMR): Click on the “Receive” button and paste the XMR deposit address you copied from your Exodus Wallet to your external swapper’s website.
Provide Monero Address: Enter your Monero (XMR) wallet address where you want the swapped Monero to be sent.
Step 4. Get the Deposit Address
The external swapper will generate a Bitcoin deposit address for you to send your BTC.
Click on “Confirm”
Copy this BTC deposit address.
Step 5. Send BTC from Exodus to the External Swapper
Open Exodus: Go to your BTC wallet within the Exodus app.
Send BTC: Click on the “Send” button and paste the BTC deposit address you copied from the external swapper’s website.
Enter Amount: Enter the amount of BTC you specified on the swapper’s site.
Confirm: Review the transaction details and confirm the transaction.
Step 6. Wait for the Swap to Complete
Processing: The external swapper will receive your BTC and process the swap to XMR.
Completion: The swapped XMR will be sent to your Monero wallet address. This process can take some time depending on network congestion and the external swapper’s processing times.
Step 7. Verify Receipt of XMR
Check Your Monero Wallet: After the swap is completed, check your Monero wallet to confirm that you have received the XMR.
Transaction Details: You can usually find transaction details and status on the swapper’s website.
Additional Tips
Fees: Be aware of any fees charged by both Exodus (for sending BTC) and the external swapper. Each service will have its own fee structure.
Exchange Rates: Compare rates on different swappers to ensure you get the best deal.
Security: Use reputable swap services and double-check wallet addresses to avoid errors.
Transaction Times: Network congestion can affect how quickly the swap is completed, so be patient if the transaction takes longer than expected.
By following these steps, you can effectively swap BTC for XMR using an external swapper.
Disclaimer:
The information presented on this page is intended solely for educational purposes and should not be construed as professional advice. References to third-party products, services, or companies are not endorsements and are provided for informational purposes only. We disclaim responsibility for the accuracy or reliability of such third-party information and shall not be liable for any losses incurred as a result of its use. Users are advised to conduct independent research and consult with qualified professionals prior to making any decisions based on the information provided here.
