A wallet is a digital place for your coins to be stored. Each coin has a certain wallet provider. That could be official GUI-wallets, web wallets and other applications. The wallet address represents a randomly generated combination of digits and letters. Exchange doesn’t provide wallet addresses and never stores user deposits. To exchange cryptocurrencies, you need to provide a wallet address to receive your exchanged money.
Just figure out, what coin do you want to buy and seek for a stable wallet version. As a rule, each coin has its official wallet client. Note that each wallet has its unique address or a tag with a private key that is required to restore your wallet if lost. Crypto Swap never asks your private keys. Store them in a safe place and never show anyone. Once private keys are stolen, you wallet with all the coins will be lost forever.
In each transaction, there is always a sender and a recipient. The recipient’s address is the wallet address to receive money you want to buy. For example, if you want to buy Ethereum (ETH), in the field, you should specify the ETH wallet address. In general, the recipient’s wallet address is the address we send coins bought, once a transaction is finished.
A hash (or the tx ID) is a unique address of your transaction in a blockchain. Mostly, the hash is a combination of digits and lower case (upper in Ripple) letters that represents a proof that money is sent. Whenever you make a payment, you receive a hash displayed in your wallet. It looks like this: Hash should be located in a blockchain. Our support team may ask you to provide a hash. Sometimes it’s required to find your payment and resolve your issues, if any.
For all the coins available on Crypto Swap, buying process is the same. 1. Go to Crypto-Swap.com and select the coin you want to exchange on the left and the coin you want to buy on the right and go next 2. Check the amount specified and the amount you’re gonna get. 3. Specify the recipient’s wallet address. 4. Once again, check everything attentively. Note that the amount is estimated, so it may be more or less in the end of your transaction. If you’re OK with this, proceed to the next step. 5. Now your transaction is created. You see a QR code and a wallet address below. This is the address you should send us your money to be exchanged. Go to the wallet from where you should send money and paste this address into a corresponding field. If you use a mobile wallet app, just scan the QR. Once we receive your money, we’ll exchange it and sent to the address you provided in the step 3. 6. In your transaction history, you may see the status of your transaction. Once it’s finished, you’ll be informed. Usually it takes 5-30 minutes. In some cases, waiting time might be increased. 7. After a transaction is finished, you get a receipt with an output transaction hash This hash is a proof that your transaction is finished.
Each money sending process goes through a blockchain. The process requires a network fee. This is a commission a blockchain takes from the amount you and we send. This is why it is so important to include network fees in the amount you send and going to get. If the amount is too low to cover the fees, a transaction will fail.
Blockchain transactions are irreversible. Once money is sent, it cannot be rolled back. So if you are going to exchange cryptos, think twice and check attentively all the payment details prior to sending money.
All transactions take time to be processed (usually 5-20 minutes). For quite volatile currencies this time is crucial as the final rate may surprise you. This happens due to the fact that Crypto Exchange Now doesn’t fix currency rates.
Crypto Exchange Now transactions take 5-20 minutes to be processed. If a transaction is large (over 1 BTC worth), processing may take longer depending on the size of your transaction and blockchain capacity.
Crypto Swap only supports some wallets. If your wallet address is recognized as invalid, there is always a reason: You entered an address for a coin that is not supported. You entered an address for a coin that is supported but you entered the information wrong.
As a rule our transaction takes 5-30 minutes to be processed. It your transaction takes longer, this might be due to a wide range of factors. 1. Blockchain overloaded. There are many transactions pending including yours. The issues takes place on the Bitcoin and Bitcoin based blockchains. All you have to do is to wait. The blockchain overload doesn't depend on Crypto Swap. 2. Coin updates. We may turn off some coins to update a client. It will take some time. Once we turn it on, you will get your money. 3. DDoS attacks. Any platform may experience such issues. In this case, all you have to do is wait. 4. Transaction hasn't been included to a blockchain. Cryptocurrencies aren't stable, so minor errors might occur. Either can we refund money or push a payment through if you provide the hash (a tx ID) of your transaction. 5. ETC and ETH confusion. The addresses of Ethereum (ETH) and Ethereum Classic (ETH) are of the same structure. If you send ETC or ETH, make sure that you've created an appropriate transaction on Crypto Exchange Now. For example, if you create an ETH to BTC transaction, make sure that you send ETH, not ETC. Otherwise your transaction will be stuck. 6. Wrong XEM message. While sending XEM, make sure that you've put a correct message. It's indicated here and looks like a combination of digits and letters. Messages like 'Hey how are you', 'I love Crypto Swap' etc. are lovely but don't work, unfortunately :) 7. Other internal errors. Even our perfect system may lag or experience internal issues. If you suppose that this is the case, report it to [email protected]