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Author Topic: can we convert altcoin to bitcoin  (Read 2408 times)
heroson (OP)
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June 28, 2016, 01:41:24 PM
 #1

no clear concept about altcoins so want some help from u guys.
bL4nkcode
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June 28, 2016, 02:00:48 PM
 #2

no clear concept about altcoins so want some help from u guys.

That's what you called trading dude, you can convert any altcoins to bitcoin using some trading site like yobit.net, bittrex.com and poloniex.com.
You can buy some altcoin from that said sites with low price and sell it in high price but time will matter in it and sell in a right timing also. And you have to study that coin before you sell it.
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June 28, 2016, 02:04:08 PM
 #3

no clear concept about altcoins so want some help from u guys.
There are sites for instant conversion, e.g. https://shapeshift.io, https://coinomat.com etc.

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June 28, 2016, 02:05:44 PM
 #4

Yes you can convert altcoin to bitcoin with the help of altcoin exchangers like yobit,ccex, poloniex and many more. Just pick one site and explore it to find out if the altcoin that you have is counted on that site. But for me converting altcoin to bitcoin now is a not a good one because the price of altcoin are always depending on bitcoin so if the bitcoin has a high price like now usually the price of altcoins are cheap or lower than what you see before. But it's always up to you Grin.
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June 28, 2016, 02:07:18 PM
 #5

no clear concept about altcoins so want some help from u guys.

Yes you can, it called selling
When you have altcoin you can sell it to bitcoin at market cryptocurrency exchange
or if that coin dont yet get market you can sell it in altcoin marketplace section in this forum
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June 28, 2016, 02:30:50 PM
 #6

actually altcoin was made for becoming trading tools in order to get profit from it and at the end the altcoin user will convert it to bitcoin again so all altcoin can be converted to bitcoin as long there's still buy order in the market

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June 28, 2016, 02:42:49 PM
 #7

Cex, Poloniex, YoBit, etc.
These are just some trading platforms that you can convert your alts to bitcoins or the other way around. Altcoins are there and enabled trading cryptos.
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June 28, 2016, 02:45:52 PM
 #8

That is a very easy thing brother! We have so many exchanges nowadays running in the market. Like c-cex or yobit.

Create an account with any of them. Send your altcoins to your exchange account and sell it for bitcoin. How easy it is. This is also called basic trading in other hand.

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June 28, 2016, 03:31:31 PM
 #9

no clear concept about altcoins so want some help from u guys.
Well, checking about your alt coin at first does they have a market exchange or not in some market exchange. If they have a market exchange you can exchange your alt coin into bitcoin with deposit your alt on exchange market site or market wallet and try to sell your alt account into BTC, maybe you will get a little fee for this.

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June 28, 2016, 03:57:13 PM
 #10

like has been said, is pretty simple, just go to an exchange and do as you want.
but be careful with the fee's, a few exchanges have higher fees to put a order and a withdraw/deposit fee, so watch that.
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June 28, 2016, 04:08:17 PM
 #11

Convert? Do you mean like changing it into another form/status? Well you can't do that. But if you what you mean is trading (sell your altcoin into Bitcoin/otherwise), well you can do that at some exchanger.

faucet used to be profitable
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June 28, 2016, 04:12:40 PM
 #12

Altcoins are digital currencies which existed following the technology initiated by bitcoin. Only very few altcoins have survived long. Altcoins rise at certain time, so at that time users try to make profit with the use of trading in return for bitcoin.
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June 28, 2016, 04:17:01 PM
 #13

no clear concept about altcoins so want some help from u guys.

Hey Buddy, what's up?!

Think of it this way: you live in England and has 100 pounds in your wallet. You will make a trip to France, a country whose currency is the Euro. How do you "convert" their pounds into euro? you go to a Exchange, right?

Just as conventional currencies, you can sell your bitcoins in exchange for altcoins. The opposite is also possible! Just you make a member of an Exchange (preferably reliable, as Poloniex), transfer to the portfolio of deposit, and make the trade.

I hope this helps.  Smiley
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June 28, 2016, 04:21:13 PM
 #14

no clear concept about altcoins so want some help from u guys.


Of course you can, but it is more commonly known by the trade. you buy altcoin with bitcoin you have, with it you have altcoin: D Thank you
You can buy altcoin with bitcoin at some sites exchanger https://yobit.net/ , https://poloniex.com/ , https://www.kraken.com/ Thank you
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June 28, 2016, 04:24:39 PM
 #15

there are plenty of exchanges avalible where you can trade your bitcoins or your altcoins for bitcoin or altcoins. i will suggest yobit.net , btc-e.com these type of sites where you can exchange your money

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June 28, 2016, 04:26:17 PM
 #16

yeah it's easy lol... use any exchange site for altcoin to bitcoin.i prefer goldux it's best exchange than other !

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June 28, 2016, 05:04:21 PM
 #17

All you have to do is send your bitcoin to an exchange (a trusted one) and from there you can then exchange for altcoins or vice versa.....
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June 28, 2016, 05:25:59 PM
 #18

Its possible to convert altcoins to bitcoins on websites like shapeshift, in this case you will need a bitcoin wallet address. Or trade altcoins for bitcoins on exchanges, the exchanges will create bitcoin address for you. In both cases there is a fee for the service.
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June 28, 2016, 05:31:27 PM
 #19

Just a warning... type your URL to these sites --> https://yobit.net/ or https://poloniex.com/ or https://www.kraken.com/ because there are a chance that you may end up at a wrong address or one that has

been created to spoof the real one. Also make sure to enable some form of 2FA to protect your account. DO NOT keep large amounts of money on these sites, because it can be hacked and you will lose money

when it happens. Good luck, it's a mine field out there...  Roll Eyes

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June 28, 2016, 10:55:15 PM
 #20

i know about the one coin which we can easily convet in to bitcion and so can covert btocin into one coing. but very honestly i have no idea about alt coin if it can be convert into bitcion or not.
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