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July 04, 2017, 02:32:08 PM |
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Hey guys, im going to use shapeshift to convert bitcoins to other coins like ETH, litecoin etc.
So first off when you do this, you always choose precise as oppose to quick right? i assume this is because you get a much better rate this way? I assume quick means the transaction will be very fast but it means you get a bit less litecoin for example? Anyone knows about how much less you get? For example, $1000 worth of btc would get you how much litecoin if you choose precise? What about quick? When i click on precise, it does show you the amount of ltc you receive so thats the number right?
How long does it actually take before you receive the litecoin? I assume the btc is deducted pretty quickly from your btc wallet right?
It ask to type deposit amount and then it shows the receive amount. It also shows deposit max. So i assume most ppl here test this out first by doing like 0.0001 btc to make sure it works right? Then do they do bigger amounts? The max seems to be close to 1btc. Also when you do close the max, when is the next time you can do another conversion? Thus you do 0.90 btc for x amount of litecoin. How long until you do the next 0.90 btc for litecoin? Also how long does a trasnaction take place if you do close to the max? Does it take longer/slower than smaller amounts?
I see it ask you to type your litecoin address and your bitcoin refund address. Obviously litecoin address is where you want your ltc sent to. For your bitcoin refund address, is that your bitcoin receive address? The thing is i use electrum for bitcoin wallet and i have maybe 10 different addresses where my btc is stored. I only use 1 bitcoin receiving address but when i receive btc, it goes to different addresses scattered. So can someone tell me what i put here? I assume the receiving address i use is what is necessary? The thing is they would know i sent btc from my electrum right when i mention my bitcoin refund address which i assume is my receiving address?
I just want to make sure i get this correctly but of course i will do tiny amount first.
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