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Author Topic: Converting my ETH to BTC  (Read 229 times)
clover12
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July 23, 2018, 05:53:20 PM
 #1

Alright folks I have some Ethereum in my Ledger wallet and want to convert them to Bitcoin.

How do I do this?

These are the steps I'm thinking:

Send my Ether from Ledger to my Coinbase account
Sell my Ether at Coinbase
Wait for the Ether to sell and convert to USD
Buy my Bitcoin at Coinbase using those USD
Wait a week for the Bitcoin to arrive at Coinbase
Send my new Bitcoin back to my Ledger

Is there another better way?

It seems like doing this method will incur a lot of transaction fees and wait time..
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AdolfinWolf
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July 23, 2018, 06:02:05 PM
Last edit: July 23, 2018, 07:04:21 PM by AdolfinWolf
Merited by OgNasty (1)
 #2

Maybe shapeshift.io?

 I don't know how much you are trying to transfer, but you can convert decent amounts there without any KYC verification...

It's without a doubt faster than coinbase, and i think they also have better rates, although i'm not entirely sure about that..

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July 23, 2018, 06:17:35 PM
Last edit: July 24, 2018, 02:53:49 AM by TryNinja
 #3

You can also just use an exchange like Binance to quickly trade your BTC to ETH (or vice versa). It doesn't require any verification, so it should be pretty easy and quick.


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July 23, 2018, 06:48:31 PM
 #4

You can make it easier. Why unnecessary exchange for dollars? It is possible to exchange bitcoins into the ether. Thanks for the information about ShapeShift. I liked this exchanger.

bitmover
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July 23, 2018, 07:01:41 PM
 #5

You can make some simulations using coinbase, changelly, shapeshift and easyrabbit.net

Consider withdrawal Costa on binnace and coinbase on your simulation.

Do not convert to usd , do btc/eth. It will be cheaper

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July 23, 2018, 07:07:05 PM
 #6

Is there another better way?

This will be the cheapest way for me:

Create a topic on Currency exchange section.

Topic title: [W] BTC [H] ETH
Body: I would put my terms...

Side Note: I would use an escrow too. This is for the safety for both me and the person who will do the exchange with me.

PS: The transaction fees will be less lower than the exchanges also you would not need to go through any kind of KYC and stuffs.


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July 23, 2018, 08:30:25 PM
 #7

Send your Ether to a reputable exchange where you can sell for Bitcoin/Ether pair and just trade your Ether for Bitcoins and withdraw bitcoins. I think this will be a simple method than the complex one you talked about.
chulos
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July 23, 2018, 08:46:52 PM
 #8

My advice, you could have a verified account at Bitstamp.net for the future. Here is parity btc/eth, bct/fiat currency, btc/xrp and btc/ltc. Through this exchange you have a change of Ethereum to Bitcoin and you have this transaction and the process is solved very quickly. That is my opinion for your future exchange process. This exchange has low fees and is certified by many satisfied customers.

▂▆●● Synchrotron Coin - Proof-of-Stake Payment solution - 30 Weeks Free Airdrops live NOW!●●▆▂ (https://synchrotroncoin.org/)
clover12
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July 23, 2018, 09:55:06 PM
 #9

Hi all, it's good to hear of these options.

Since I already have a Binance account, I will use that.  However.  I do not understand pairs yet.

Just to remind everyone, I do not want ETH anymore so I am converting that to BTC.

So, I just send my ETH from my Ledger to Binance

Then what exact pair do I buy?  ETH/BTC or BTC/ETH?

Then once I obtain that, will it go into my Ledger Bitcoin wallet okay?

I'm confused about pairs and do not want to make any mistakes.

It's a few hundred dollars worth of ETH at stake.
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July 23, 2018, 09:56:35 PM
 #10

You could employ services like the shiftshape to achieve same results easily
bitmover
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July 23, 2018, 10:44:09 PM
 #11

Hi all, it's good to hear of these options.

Since I already have a Binance account, I will use that.  However.  I do not understand pairs yet.

Just to remind everyone, I do not want ETH anymore so I am converting that to BTC.

So, I just send my ETH from my Ledger to Binance

Then what exact pair do I buy?  ETH/BTC or BTC/ETH?

Then once I obtain that, will it go into my Ledger Bitcoin wallet okay?

I'm confused about pairs and do not want to make any mistakes.

It's a few hundred dollars worth of ETH at stake.

Don't worry. Its very intuitive and you can click "Buy BTC" after clicking any BTC/EHT or ETH/BTC

clover12
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July 24, 2018, 02:09:57 AM
 #12

Alright so I sent my ETH to Binance and traded it for BTC.
 
Now it won't allow me to send it out of Binance because the limit is 0.02 BTC and I have like 0.018 BTC
 
So, now my coin is trapped at Binance??
 
Why does some major glitch happen every single time I try doing something with crypto??

Stress
bitmover
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July 24, 2018, 02:42:01 AM
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So, now my coin is trapped at Binance??

Why does some major glitch happen every single time I try doing something with crypto??

Stress

Remeber what I said?
Make simulations, consider withdrawl cost on binance......

You can make some simulations using coinbase, changelly, shapeshift and easyrabbit.net

Consider withdrawal Costa on binnace and coinbase on your simulation.

Sadly, your coins are trapped.
You can try to earn some BTC doing some bounty or signature campaign to complete this 0.02 BTC....
for such small amounts shapeshift and easyrabbit are better I think...

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July 24, 2018, 02:51:22 AM
 #14

You can try to earn some BTC doing some bounty or signature campaign to complete this 0.02 BTC....
for such small amounts shapeshift and easyrabbit are better I think...
He said limit and not minimum.

Alright so I sent my ETH to Binance and traded it for BTC.
 
Now it won't allow me to send it out of Binance because the limit is 0.02 BTC and I have like 0.018 BTC
 
So, now my coin is trapped at Binance??
 
Why does some major glitch happen every single time I try doing something with crypto??

Stress
This doesn't seem right. Can you take a print of that info/notification/whatever that indicates the 0.02 BTC limit?

If you are talking about withdrawal limits, then that's impossible. Binance's default limit for non-verified users is 2 BTC/day.

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July 24, 2018, 04:02:40 PM
 #15

Maybe shapeshift.io?
I do not think this option is available "at least in my country" Try visit shapeshift.io, you will be redirected to this site ----> http://pleaseprotectconsumers.org.
"ShapeShift problem" has been discussed in this topic ----> https://bitcointalk.org/index.php?topic=1766679.msg37580109#msg37580109

try: https://changelly.com
I tried to use it several times and did not have any problem.
also, you can use the Currency exchange section as mentioned above

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July 24, 2018, 04:28:39 PM
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Maybe shapeshift.io?
I do not think this option is available "at least in my country" Try visit shapeshift.io, you will be redirected to this site ----> http://pleaseprotectconsumers.org.
"ShapeShift problem" has been discussed in this topic ----> https://bitcointalk.org/index.php?topic=1766679.msg37580109#msg37580109

What the hell? Since when did that exist? I think I just opened shapeshift.io just days ago, and now I also get this redirection. Ohwell, since you don't need accounts on shapeshift, you could easily use a proxy from a countries like American/German/whatever country that Shapeshift is legal.


EDIT: Wait what? Tried shapeshift.io again literally after around 10-15 seconds, and now it's working.

bitmover
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July 24, 2018, 04:44:30 PM
 #17

Maybe shapeshift.io?
I do not think this option is available "at least in my country" Try visit shapeshift.io, you will be redirected to this site ----> http://pleaseprotectconsumers.org.
"ShapeShift problem" has been discussed in this topic ----> https://bitcointalk.org/index.php?topic=1766679.msg37580109#msg37580109

What the hell? Since when did that exist? I think I just opened shapeshift.io just days ago, and now I also get this redirection. Ohwell, since you don't need accounts on shapeshift, you could easily use a proxy from a countries like American/German/whatever country that Shapeshift is legal.


EDIT: Wait what? Tried shapeshift.io again literally after around 10-15 seconds, and now it's working.

Have You guys tried easyrabbit.net?

I use it almost every week and it's very good. Maybe you can access it your country.

clover12
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July 24, 2018, 06:42:32 PM
 #18

Anyways--- let's not get my topic too far off track here.
 
 
How am I going to rescue my coin sitting at Binance?

I have some BTC in my Ledger wallet, should I send some of that to my Binance account? (enough to reach over the 0.02 mark)

Correction: it's not a 0.02BTC limit, it is a 0.02 minimum, which is plus or minus about $90 right now.

I'm not liking how Binance traps coin in there so once I get my coin out of Binance, I am basically done with using that exchange.

I can see why Binance would trap coin in there if it was say $1 or less but 0.02 BIC is currently valued at around $90.

I can't recommend an exchange that traps money in there and sets minimums they way they do, it seems shy-sty.
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July 24, 2018, 07:19:38 PM
 #19

Anyways--- let's not get my topic too far off track here.
 
 
How am I going to rescue my coin sitting at Binance?

I have some BTC in my Ledger wallet, should I send some of that to my Binance account? (enough to reach over the 0.02 mark)

Correction: it's not a 0.02BTC limit, it is a 0.02 minimum, which is plus or minus about $90 right now.

That is the only way.
You need to reach the minimum amount to withdrawl.

I recommend you use some site like estimatefee.com to the minimum possible in fees, as the value is too low..

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July 24, 2018, 07:43:39 PM
 #20

The fastest way is to send ETH to Binance and convert them to BTC. If you are storing them on a ledger, I don't expect that you cannot reach the minimum withdrawl limit.
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