best way to convert altcoins to btc?

[Hydrogen]

I've noticed some faucets deal out litecoin, dogecoin, peercoin, primecoin, darkcoin and other alt currencies.

If ppl accept these dispenses, what's the best way to convert them into a useful crypto like btc?

Or what's the most efficient way of achieving it?  I know some exchanges have 5% exchange rates and then cashout rates.

Which method is the most efficient and best?

[iv4n]

I've noticed some faucets deal out litecoin, dogecoin, peercoin, primecoin, darkcoin and other alt currencies.

If ppl accept these dispenses, what's the best way to convert them into a useful crypto like btc?

Go to trade site and take deposit adres for altcoin u wish to claim on faucet. When amount came u just trade it for btc. That is how I do that, to not install some wallets. But its hard, when u calculate it maybe its better to stay on btc faucets.

[Raimonn]

I've noticed some faucets deal out litecoin, dogecoin, peercoin, primecoin, darkcoin and other alt currencies.

If ppl accept these dispenses, what's the best way to convert them into a useful crypto like btc?

Or what's the most efficient way of achieving it?  I know some exchanges have 5% exchange rates and then cashout rates.

Which method is the most efficient and best?

The only method that i now is selling them for bitcoins on exchanges. You can deposit on your exchange address (you will have one address for each alt coin) and wait for a better price before to sell your altcoins for bitcoins. If you don't want to do that its easy go only to btw faucets.

[lockshop11]

go to poloniex, which only charged you 0.2% for the trading and 0.0001BTC for btc withdrawal. Very quick!

[chennan]

go to poloniex, which only charged you 0.2% for the trading and 0.0001BTC for btc withdrawal. Very quick!

Yeah this is a pretty sure fire way to get the altcoins you get from faucets back into bitcoin... but the issue (or better yet, hassle) is having to sign up for the exchange and having to provide an email and all that sort of stuff.  You can easily use Shapeshift.io to transfer your coins back into bitcoin as easily as it is to convert bitcoin into the altcoin of your choosing.  Just make sure to give the correct address so they can send back the coins if the transaction doesn't fully complete, but that's just being really safe in your transaction... usually it goes through very smoothly.

[mixan]

I would say shapeshift.io is a solid way to do it as they offer countless kinds of alt coins to choose from to turn into btc or the opposite if you choose.
Everybody says they are high fees they charge but you save the time to open an account as it is an automated instant process.

[fortunecrypto]

I would say shapeshift.io is a solid way to do it as they offer countless kinds of alt coins to choose from to turn into btc or the opposite if you choose.
Everybody says they are high fees they charge but you save the time to open an account as it is an automated instant process.

I prefer this ex changer it's automated you will not have to wait hours to get your coins it was recommended to be my friend on facebook I have not use it yet but I like the interface although the transaction fee is a little higher but you will save yourself from anxiety of not getting your coins in due time

[Luqman]

Sell them on the exchange that listed them, now you can convert them to bitcoin 

[xdrpx]

I've been able to trade successfully on Bleutrade, poloniex by having an account and they have a lot of altcoins which you can trade with. If you want to trade with few popular altcoins very very quickly without the need of registering an account or logging in you can check out shapeshift

[avikz]

login to your block chain account and look at the right side of the website. You will find the registered exchangers there..Fees will be there because it's there business and they are trustworthy. Based on your location, you will see a list.

I myself tried few exchangers listed there and every trade went smoothly.

[Duomo]

The best way to convert alt coins is to bitcoins is just to use an exchange, either way, you are going to have to pay fees but I would rather safely do it on an exchange that I know and trust rather than to try to save on some exchange fees. Better safe then sorry.

[kheein]

Just change your altcoin to bitcoin in the exchanger , a lot of choice . but if I prefer to use the services poloniex or bittrex create altcoin transaction.

[matete]

I opened an account with Poloniex where I normally deposit dogecoins. They can be traded and later exchanged with btc. You can easily withdraw btc from Poloniex

[bitbaby]

I would say shapeshift.io is a solid way to do it as they offer countless kinds of alt coins to choose from to turn into btc or the opposite if you choose.
Everybody says they are high fees they charge but you save the time to open an account as it is an automated instant process.

I prefer this ex changer it's automated you will not have to wait hours to get your coins it was recommended to be my friend on facebook I have not use it yet but I like the interface although the transaction fee is a little higher but you will save yourself from anxiety of not getting your coins in due time

Me too. I don't think exchange price or the transaction fees are too different from the traditional exchanges, but even if there is Shapeshift.io saves a lot of time and it makes up for that.

[elizabethqueen]

I've noticed some faucets deal out litecoin, dogecoin, peercoin, primecoin, darkcoin and other alt currencies.

If ppl accept these dispenses, what's the best way to convert them into a useful crypto like btc?

Or what's the most efficient way of achieving it?  I know some exchanges have 5% exchange rates and then cashout rates.

Which method is the most efficient and best?

just take easy,you can try so many trusted exchange,for me,poloniex and bittrex have good reputation,but its depending where you stay. you can find your best based your country.

[NorrisK]

Poloniex is my to go to exchange at the moment. High volume on most coins and a good reputation.

Bittrex has been accused many times of running pump and dump scams with newly released coins to profit from the hype and volume around the pump. Not sure where they are at now.

[crazyivan]

Poloniex or Bittrex. But dont dump your coins, leave them at a specific price and be patient for people to buy those.

Cause of the lack of their patience, people lose a lot of money this way.

Finally, playing faucets s not really profitable at all, I suggest you invest you time and energy in a more productive manner.

[Amph]

shapeshift, is not complete, in the sense that there are some alt that are not there, i prefer to use traditional exchange, like poloniex or bittrex, and occasionally c-cex that always worked good for me

[Patatas]

In my opinion,major other altcoins are as use full and accepted everywhere if you know the right places.Most of the gambling sites have started to accept bitcoins.Amazon/ebay mediators have altcoin options as well.There are a few direct exchange websites ,I know this one here : https://bter.com/trade/doge_btc

[Luqman]

shapeshift, is not complete, in the sense that there are some alt that are not there, i prefer to use traditional exchange, like poloniex or bittrex, and occasionally c-cex that always worked good for me

Agreed, they are still be a good exchange till now for me. They are big exchange that listed many altcoins.