Direct Sending of Coins to another Coin Wallet.

[roosbit]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

The closest solution I have seen to what you have described is using domain based wallets like unstoppable domains  or fio.

The idea behind these is you don't really need to send coins to your buddy's ripple wallet like you would normally do,
all you need is their domain address like satoshinaks@fio and they receive their coins and he or she will convert them to whichever coin they need.

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[tvplus006]

...Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

I have not yet met such a cryptocurrency exchange on which the transaction described by you would be available. This type of transaction is implemented by the exchange FTX.com only for stablecoins other than USDT. Thus, having BUSD on your account, you can send them and receive them on another USDC exchange.

[Reatim]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

The closest solution I have seen to what you have described is using domain based wallets like unstoppable domains  or fio.

The idea behind these is you don't really need to send coins to your buddy's ripple wallet like you would normally do,
all you need is their domain address like satoshinaks@fio and they receive their coins and he or she will convert them to whichever coin they need.

really ? have you tried using this system mate? i mean is this safe and legit? and do you know others that uses this without any issues at all? that's why i am looking if exchange may consider this because they ae the most trusted place for me specially Binance in which i have been using for years constantly and brings me no issue at all.

...Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

I have not yet met such a cryptocurrency exchange on which the transaction described by you would be available. This type of transaction is implemented by the exchange FTX.com only for stablecoins other than USDT. Thus, having BUSD on your account, you can send them and receive them on another USDC exchange.

ohh , well stable coin are the safes i guess so i have no problem using this  one in the future but what i am concerning now is somewhat exchange or wallets.

[slaman29]

...Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

I have not yet met such a cryptocurrency exchange on which the transaction described by you would be available. This type of transaction is implemented by the exchange FTX.com only for stablecoins other than USDT. Thus, having BUSD on your account, you can send them and receive them on another USDC exchange.

I have heard/read about this type of transfer, but I don't think it's ever possible for an exchange. Some casinos I believe do this type where you deposit in one crypto and receive in fiat or other crypto, without exchanging but the spread they charge is worse than the exchange fee/commission. So I would even rather say just do the exchange first takes you 5 seconds:)

[Findingnemo]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

Such kind of thing really need centralization and going to work like exchange with extra bit of fee for better convenience or literally there is no way to receive bitcoin when you send an altcoin because both are from completely different exchange and the valuation of 1 btc = 1 btc = ripple? Only exchange can decide that value.

[Reatim]

If you are wondering to send cross-chain transactions then it's not possible or it will not possible in the future. Somehow coin should convert either by you or automatically by an exchange.

actually I was wondering this and yes I know that it is impossible but still hoping that someday(at least in the near future that this will come  to reality)

Bumping the thread for more accurate and reliable answer as I believe many of us wanted this to less the hassle of trading.

and also Swapping nowadays has high fee (at least to those i have tried )

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

Such kind of thing really need centralization and going to work like exchange with extra bit of fee for better convenience or literally there is no way to receive bitcoin when you send an altcoin because both are from completely different exchange and the valuation of 1 btc = 1 btc = ripple? Only exchange can decide that value.

Yeah I don't care if it is centralized or decentralized but at least if this is possible in some way in the future.

[AicecreaME]

It is possible.

I mean, one of our local exchange did something like that in their app old version in which there's a PHP address that if you send Bitcoin to that address, your Bitcoin will be directly converted into PHP. So I think it is possible to merge two or more networks and set some conditions to make that works, it's 2023 and the technology is so amazing than before. 

[Nrcewker]

This can be only possible as of now through exchanges who automatically converts the coin to your desired one, and send you the required coins. They take some amount as conversion fees and send the rest coins. I don’t remember the site names, but few years ago, many sites were providing this service. Technically without spending any conversion fees, currently you can’t do the desired task, and yes it will be very hard to implement the feature that you have mentioned in the OP.

[ShowOff]

This can be only possible as of now through exchanges who automatically converts the coin to your desired one, and send you the required coins. They take some amount as conversion fees and send the rest coins. I don’t remember the site names, but few years ago, many sites were providing this service. Technically without spending any conversion fees, currently you can’t do the desired task, and yes it will be very hard to implement the feature that you have mentioned in the OP.

I haven't found an exchange that can do that but I think some online casinos do. But in the future, I think some centralized exchanges might adopt this even if they have to change it manually for whatever altcoin you want to withdraw. But I tend to think that if withdrawal fees are cheap enough, then I'm much more comfortable withdrawing coins and transferring them to another wallet instead of converting them to the coin of choice.

While a feature like this might help some exchange users, but I guess they must have to pay more fee before the coins they want are transferred to their wallet. I mean conversion fees + withdrawal fees.

[Fatunad]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

Cant really think off on such platform on which this one would really be making use of bridges and having those instant swap services because making up some direct conversion to a specific coin of your choice
then its really a great concept and bring out some huge convenience which im sure that once this project would come out in the market. It would definitely blow up like hell. So far im aware with some new project which is currently on Public sale as of this moment which is https://www.l1x.foundation/ or simply talking about LayerOneX. This is a project that do kills out bridges on which making up transactions from EVM to non-EVM
chain which this is something revolutionary. Im not affiliated nor part of the team but this had just recently caught up my attention.

[Fivestar4everMVP]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

I got to understand what you actually meant by the example you shared..

Anyways, it's very possible, infact , I think there's been some platform, though not particularly an exchange, where such transfers was possible, I can't really remember the name now but I think the platform is no more..

But altogether, the idea is very viable, and I believe that in the future, exchanges could possibly implement such a feature, won't be much of a hassle since I think it just involves automatic background swapping of the coins in the wallet to the receiving coins, the send the coins to the users wallet.. It's a yes for me, its very possible to see such a feature in the near future.

[tjtonmoy]

So the post is about auto conversion of your assets? Instead of selling what you have for what you want to send/receive on the other wallet, you
want the platform to do it for you, right? I have no idea about this if they exist or not, but it is possible. This kind of similar concept can be seen in the Binance exchange. But it only works with BNB and Binance pay options. If you want to send some BNB but your account does not have enough balance, it will suggest that you convert other existing assets to BNB. This looks similar concept to me and could be done with other assets and automated with some tweaks.
But I have no idea about decentralized platforms. Centralized exchanges only show a number in your account, and only you own your assets when you withdraw them to your personal wallet. So the owner can change the value and coins according to your need. Which can not be accomplished in decentralized platforms. But you can make your personal bot do that for you. As that is a complex process, I am not going to say anything about it.

[ampere]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

This is such a good initiative but i think its too complicated to be achieved in a wallet to wallet basis; this is why we have bridgers, we have dapp platforms that assists in stuffs like cross bridging amongst other.

I think the easily achievable ones are you converting your tokens in your wallet to your preffered choice.

[GeorgeJohn]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

Do you know while you have to convert your to that particular coin you want to before sending it to the appropriate wallet, is that both of the coins is not of same project and technology,  that is why every coin have its personal wallet to be precise, so therefore I believe that bitcoin wallet can not match with litecoin wallet and if you send the coin from bitcoin to litecoin I think you will misplace your coin if I'm not mistaken.

[jeraldskie11]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

i think its too complicated to be achieved in a wallet to wallet basis; this is why we have bridgers, we have dapp platforms that assists in stuffs like cross bridging amongst other.

It's not realistic, but it's possible in another way. If you're simply using the same wallet, it's possible, but it relies on the wallet's owner if he or she intends to do so, because I believe we can't use a same blockchain that takes several coins, such as sending Matic and receiving XRP instantly without any fee.

The concept is similar to P2P exchange, where you may instantaneously obtain local cash for whatever currency you want based on the value. I believe the developers have to understand this concept in order to make what Op stated possible.

[AmoreJaz]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

i think its too complicated to be achieved in a wallet to wallet basis; this is why we have bridgers, we have dapp platforms that assists in stuffs like cross bridging amongst other.

It's not realistic, but it's possible in another way. If you're simply using the same wallet, it's possible, but it relies on the wallet's owner if he or she intends to do so, because I believe we can't use a same blockchain that takes several coins, such as sending Matic and receiving XRP instantly without any fee.

The concept is similar to P2P exchange, where you may instantaneously obtain local cash for whatever currency you want based on the value. I believe the developers have to understand this concept in order to make what Op stated possible.

definitely, it will cost you something but if the OP wants a direct transfer, right now, it is not yet possible as you need to go thru the networks it belonged to. or it may be a third party wallet where you can receive the amount like for example your coin equivalent to usdt and then just choose which coin you want to exchange with. for now, it is not yet possible, but we can't say that it won't happen, because what we see in this market is that everything is possible. technology is getting sophisticated so maybe somebody in the future can create such route.

[hugeblack]

You mean decentralized exchange based on smart contracts so that coins can be sent directly. It is something that all DEXs dream of and has not yet been achieved between different blockchains because the need of centralized liquidity pool. The reason for that is that you need a centralized or distributed system to provide liquidity, which is the real problem so far.

If these ideas succeed, and they are something that is currently impossible, then all other central platforms will be more like banks, as they enable you to withdraw crypto to fiat money and vice versa.

[OcTradism]

You mean decentralized exchange based on smart contracts so that coins can be sent directly. It is something that all DEXs dream of and has not yet been achieved between different blockchains because the need of centralized liquidity pool. The reason for that is that you need a centralized or distributed system to provide liquidity, which is the real problem so far.

I guess OP meant more about cross-chain swaps but with current blockchain technology, it is risky. Weeks ago, a very famous chain bridge Multichain was exploited and had to halt their bridge operations. Since 2020, there are good development and growth of cross-chain bridges but we also witnessed many hacks on those bridges.

When bridge hacks happen, tokens on derivative chains, not their initial chains, can be de-pegged seriously and no one will save you if you store your tokens on derivative blockchains, not on their initial chains.

If these ideas succeed, and they are something that is currently impossible, then all other central platforms will be more like banks, as they enable you to withdraw crypto to fiat money and vice versa.

Some platforms provide on-ramp and off-ramp trading services.

[hugeblack]

I guess OP meant more about cross-chain swaps but with current blockchain technology, it is risky. Weeks ago, a very famous chain bridge Multichain was exploited and had to halt their bridge operations. Since 2020, there are good development and growth of cross-chain bridges but we also witnessed many hacks on those bridges.

What bridges do now is not cross-chain swaps, but rather centralized smart contracts where you deposit in a specific blockchain and inside the bridge your deposit is locked and encapsulated as a Wtoken like WBTC in another blockchain and so on, when you withdraw the bridge unwrappes these tokens.
The mechanism is good and takes place without central database, but it is centralized and needs a pool to ensure the availability of liquidity. Hence, we hear the term “hacking bridges” and we have not heard the term “hacking the blockchain”, which will not happen if the platform is cross-chain swaps.

image source

[MiF]

Just like the title says is it Possible to "Directly Sending of Coins to another Coin Wallet in the future"?

I mean not like now that from Exchange we need to convert first to what Coins we need to receive before sending to our wallet , but is there any chance in the future that there will be Platform or system that we will be letting to do such?

Example = i have Ethereum and i want to receive Ripple , in which i don't need to convert to Ripple first before sending in which i can directly sent the ethereum and i will receive ripple to my wallet?

Maybe in the near future we can see platform that will do what you want but for now i think there is no such thing,because for now we still need to covert first before sending but and there is no platform that approve sending eth and recieved ripple directly.but this is not a big issue or problem because there are a lot of exchange or do swapping or you can trade it and do what you want.