ShapeShift Explained

shapeshift crypto exchange service

ShapeShift is revolutionary part of the cryptocurrency ecosystem. It is how digital asset exchange should work. The platform gives you the power to quickly swap between assets – no account required.

Let’s assume you have Bitcoin and you want Ether and ViceVersa. It goes like this:

  1. Select Bitcoin as the input and Ether as the output
  2. Provide your Ether address from your Ether wallet in the top box (destination address) and your Bitcoin address (refund address). Click on “I agree to Terms”, then click the Start Transaction Button
  3. ShapeShift will generate a bitcoin deposit address for you (this is the address you will send your bitcoin from your bitcoin wallet to). Please send your bitcoin to this generated address, being sure to not send an amount over the “Deposit Max” or under the “Deposit Min”

That’s it. In a few moments, your Ether will be quickly sent to you.

No emails or passwords. No lengthy sign­up process. No accounts. No bid and ask orders. No friction. And no sending your money to be held on a centralized exchange.

ShapeShift’s goal is to be the fastest, most private, and most convenient way to swap digital currencies, and the exchange rate will always remain competitive.