March 5, 2018

How To Convert Cryptocurrencies With Coindirect

Coindirect has now launched a dedicated Covert Coins page where converting between your Coindirect wallets is a straight-forward and instant process. If you want to shift digital currency between any of your wallets without hassle or waiting periods, you’ll know where to go. The exchange works anytime of day, with any of the 35 digital currencies, in any of the 24 countries currently supported by Coindirect.

Convert options

We’ve made the process as simple as possible. No scanning QR codes, no typing out wallet keys, and no stressing about sending coins out to unknown middlemen. To get going, log into your Coindirect account and click on the ‘Convert Coins’ tab on the top left-hand side of the navigation bar.

Once there, select the wallet that you want to send from, and the destination wallet that will receive your chosen value. The page will automatically display the current exchange rate above and display an ‘Amount to exchange’ window below where you can enter the coin value you’d like to exchange. The window for ‘You will get an estimated:’ will automatically populate based on the most current exchange rate. You will note that any of the altcoins can be converted to the default wallets of Bitcoin, Ethereum and US Dollar Tether wallets. If you’re looking to convert an altcoin to a non-default wallet, you will need to first convert to bitcoin and then convert that value to any of the 34 altcoins. Clicking ‘Exchange Now’ will confirm your selected conversion details and it will conclude instantly.

The Markets Panel

The market panel on the right-hand side of the page is there to assist you by displaying the most vital indicators for the available conversions. You’ll be able to see the 24 hour percentage change in the coins value, the user sentiment based on buying and selling actions and the most recent prices. All these indicators are updated live without the need for you to refresh your browser. You’ll also notice a couple of helpful functions at the top right of page that include a starring system to help you mark your favourites to hide the clutter as well as a search bar to help you find a particular coin quickly.

What are the fees?

Each conversion made on the exchange is treated as a transaction by Coindirect and therefore will be subject to a fee of 0.25% of the value converted. So if you convert 200XRP to bitcoin, the fee will be 0.5XRP. This fee will only be taken off once you have confirmed the conversion by clicking the ‘Exchange Now’ button. This means if you convert a complete balance from one Coindirect wallet to another, the value displayed in your local currency will be often be slightly less than it was before. We like to keep our transaction fees competitive so they will be adjusted on an ongoing basis depending on the market.

Convert from your Wallet

In addition to the Exchange tab, you’ve also able to convert directly from your Wallet tab. On top the right-hand side of the Wallets page you’ll find the ‘Transfer’ button that will open a window where you’ll be able to run through the same functions to complete a cryptocurrency conversion.