10 Step Guide for Day Trading Bitcoin, Ethereum and Litecoin
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Instant bitcoin buy reddit of the more important parts of using ShapeShift. On occasion we do have people who are not aware of how this works or how to calculate. No problem at all! This post will help guide you through the process. It's the first thing you see on the page under the ShapeShift logo.
This rate shows you, depending on the pairs you are exchanging between, how much 1 unit of whatever coin you are wishing to deposit is worth in the coin you would like to receive. So if you were doing a Bitcoin to Litecoin transaction, in the below screenshot, you would see that 1 Bitcoin is worth You can see this 10 seconds via the white bar that loads under the rate. We get this question instant bitcoin buy reddit lot. The short answer is that in order to offer our users a rate without slippage, we have to purchase a certain amount down the order book this instant bitcoin buy reddit down we purchase is how we determine our deposit limit.
The rate is calculated from the average of all of the sells that we purchase down to that number. The closer to the limit you purchase, the more in your favor the rate is. Want to get a better rate? Check out this blog post instant bitcoin buy reddit continue reading.
Although we are working to update instant bitcoin buy reddit site so that it auto-calculates these numbers for our users, it's instant bitcoin buy reddit pretty easy to quickly crunch the numbers. All you need to do is take the amount of the depositing coin you are planning on sending and multiple it by the rate. So in the case with our Bitcoin to Litecoin transaction mentioned above, let's say we were planing on depositing. THEN, you need to remove the miner fee for the Litecoin.
The miner fee for Litecoin is. So you then would subtract:. And the amount you would receive is: The miner fee you subtract from your calculations is whatever the miner fee for the coin you are wishing to receive is.
See a list of static miner fees in the below image. You can see a list of updated miner fees here, on our About page. The answer to this is, yes. With our specific amount feature, you can receive better rates on most of the coin pairs. The way this feature works, you tell us how much of the recieveing coin you would like to get before we give you a deposit address. In the below example, we would like to do a Bitcoin to Digibyte exchange.
How do we offer instant bitcoin buy reddit rates, you might ask? When you tell us instant bitcoin buy reddit much of a coin you want to receive, we know exactly the instant bitcoin buy reddit you would like and thus can purchase just that amount, offering the best rate, versus our traditional exchange, in which we can only anticipate how much you will want to receive. Learn more about this better rate system in our post. Counterparty asset exchanges often fail with the specific amount feature as Counterparty wallets are very slow to send funds and thus fail our timer for this much of the time.
Always input a return address when you do a transaction so in the case it fails, we can return your funds to you automatically. Contact our support team for more information about how this all works by clicking here. View the discussion thread. Skip to main content. How to Calculate the Instant Rate. Submitted by Emily on Thursday, January 21, Where do I find the Instant Rate? Where to find the instant Rate. List of Miner Fees.
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