Hi
I’m home from the pyrenees #transnomad enduro mtb race; i think it’s worthy of a proper write-up in my own inimitable style later. It was harder than I expected and on day 3 doubts were creeping in that I would physically be able to complete it …
It was easier than the #stoneking tour I did last year – which I won’t be doing again, not because this years was the last one but because I don’t need to do “holidays” as tough as that aged 58 and three quarters (😁) anymore.
Anyway, I digress. Whilst I was away I wanted to try a #btc/#xrd #swap but because I didn’t have my laptop or #ledger with me – just mountain bike spare parts – I wasn’t able to.
Here are the instructions on how I did it and the result
Buy some bitcoin – I used #revolut.
Send the purchased bitcoin to ledger live using your #ledger (revolut must employ some btc address filter – they will let you withdraw your #bitcoin to ledger live but using other addresses – such as those generated by the swap website for example – i used exolix.com – may fail.
I chose #exolix because it was posted on www.radixdlt.com/token – don’t choose a scammer!
Go to the swap website and select the crypto you want to swap into and paste your receiving address (this assumes you have the relevant wallet installed somewhere – the #radix wallet experience on #android is awesome by the way).
Exolix decentralised swap address details and amounts
Send your bitcoin (which you now control – not revolut in my example) to the address provided by the swap website.
Wait a little while..
And “et voila” your swapped crypto will turn up in your wallet.
There are three key take-aways for me.
Firstly, I normally use #bitfinex to swap my bitcoin for radix but it is a drawn out process. The @exolix_com swap was super easy to do – I didn’t even have to register or login to their website (I did though because I will be using them again!)
Secondly, I only swapped around $600 because this was the amount I was prepared to lose.. and I didn’t lose it!
Thirdly, decentralised exchanges are here to stay. They make banks look like dinosaurs!
Not financial advice and please do your own research!