Do I need to get verified to swap XMR to BTC?
Yes, you need to verify your account before you can exchange XMR to BTC. This is a standard protocol in almost all exchanges. Verifying ensures the exchange that the information you provided is correct and you are who you say you are.
The verification process will require you to submit documents or IDs such as your driver’s license, government IDs, etc. If you’re unable to complete or pass this verification procedure, you won’t be able to swap currencies.
What is the minimum XMR/BTC pair exchange amount?
The minimum XMR to BTC pair exchange amount is at 0.378 XMR coins to about 0.00149541 BTC. However, note that these currencies are highly volatile, so the stated amount can change even after a slight imbalance in supply and volume. Luckily, there are offers like fixed and floating rates to help you manage your risks.
What are the fees to convert XMR to BTC?
When converting XMR to BTC, exchange rates may change abruptly, so fees may vary. Aside from this, fees also depend on the exchange. For example, on Changelly, there’s a low transaction fee if you use its floating rate option at only 0.25%. Other exchanges may have higher or lower fees.
Can I trade XMR for BTC in Changelly?
Yes, you can via Changelly Pro. Changelly supports the exchange of XMR to BTC and to many other cryptocurrencies as well. In Changelly, you can access the price chart and data of both coins to monitor real-time updates of their values on the market. You can also choose between a floating rate or a fixed rate when trading to deal with the volatility of the coins.