Check out everything about ShapeShift: Is it safe or reliable? Learn how to convert currencies with ShapeShift: Does it really work? See the truth that you need to know about the ShapeShift exchange: Is it good? How to use ShapeShift: Fees and much more. Let's go step by step:
What is ShapeShift and how does it work?
Good, ShapeShift is one of the best cryptocurrency exchanges instant exchange of more than 50 virtual currencies, without trading fees, online since 2014 with the aim of making conversion between digital currencies faster, simpler and safer.
ShapeShift offers a highly convenient service without the need to create an account or even provide an email. This is really useful if you want to convert cryptocurrencies quickly and anonymously.
It is currently integrated with many popular software platforms and wallets such as:
*. Coinpayments, Mist, Exodus and Jaxx.
At the end of 2017, ShapeShift also acquired the Keepkey, a company of hardware wallets popular. The acquisition allowed ShapeShift to integrate its automated cryptocurrency conversion services into the hardware wallet, allowing Keepkey users to exchange cryptocurrencies directly from their interface – expanding ShapeShift’s reach to a wider user base.
ShapeShift how to use?
Here is a tutorial on how to use ShapeShift to convert/buy or sell cryptocurrencies.
Good, To make a conversion, simply choose the currency you want to convert and which one you want to receive. The exchange does not work with fiat (dollar, euro, real), it is only an automatic exchange of or between virtual currencies, all the main most popular cryptocurrencies, such as Bitcoin, Ethereum, Dash, Monero, decred, Zcash and many others are available for conversion.
The Exchange allows you to simply convert cryptocurrencies from one currency to another quickly and securely,
For example, you want to exchange Bitcoin for Ether. Then you need to select Bitcoin as the input and Ether as the output token. Enter the Ether address of your portfolio in the field (destination address) then Click on “I accept the Terms” and then click on “Start transaction”.
ShapeShift will create a deposit address for you (this is the address to which you will send bitcoin or whatever currency you selected). Send your bitcoin to this generated address. That's it. Within a few minutes, your ethereum/coin you need will be sent to you quickly. All anonymously.
During the conversion, the site displays information about the cost of cryptocurrency, exchange rate in percentage, as well as exchange statistics.
The service also sets the minimum and maximum value for exchange.
Taxas ShapeShift
Shapeshift does not charge any fees and instead makes profits from the exchange rate spreads of trades from one cryptocurrency to another. Each transaction also attracts miner fees that can differ from coin to coin
Is ShapeShift reliable and safe?
Launched in 2014, ShapeShift is one of the safest platforms to use and is considered one of the most private cryptocurrency exchanges on the market. No user registration or verification is required. The investor only needs to enter the cryptocurrency wallet address to exchange one currency for another.
Conclusion
ShapeShift It is quite easy and simple and provides a perfect way to convert cryptocurrencies and supports more than 50 altcoins and also provides anonymity and with quite fast and very good transaction speed.
Get Started with → ShapeShift Trading