How it works?

  1. In the first step, you need to go to ShapeBTC.io and select the coin that you want to exchange (the “You send” field) on the left and the coin that you want to purchase (the “You receive” field) on the right and click the “Start exchange” button.
  2. In the next step, enter your destination and refund addresses. Destination address – is the address of the wallet where exchanged currency will be transferred to after transaction is complete. Refund address – is the address of the wallet where amount you wish to exchange will be refunded to in case if something goes wrong. On the same page, on the left, you will see the assigned unique identifier (ID) for this transaction. The identifier is required when contacting technical support in case of problems with the transaction. Read the “Terms of Use” and “Privacy Policy” carefully. If you agree with the provisions of these documents, check the appropriate box, double-check all entered data. If everything looks good, go to the next step by clicking “Start Transaction”.
  3. Your transaction has now been initiated. On this page you will see the wallet address. This is the address to which you want to send the coin that you want to exchange. The provided address will be reserved for this transaction and the ShapeBTC service will wait for funds to be sent to this address within 180 minutes. You need to send funds before this time expires. After 180 minutes, the address is removed from the reserve and funds received after this time will not be exchanged, but will be returned to the address from which the funds were received. After 360 minutes from the date of reservation, this address can be provided to other users for the exchange. In no case do not send twice your funds to the address received as part of a single application.
  4. As soon as we receive your coins, our service will automatically exchange your funds on the cryptocurrency exchange with a market order and instantly send them to the destination address indicated in step 2. Due to the fact that all exchanges are made on the cryptocurrency exchange from the order book, our service does not fix exchange rate. The service calculator shows the expected rate. Also, this rate does not include the withdrawal commission. Therefore, due to the high volatility of the cryptocurrency market, you can get more or less funds than shown in the calculator.
  5. Usually it takes 5-30 minutes to complete the transaction. In some cases, latency may be increased due to network latency.
  6. If you want to re-exchange the same coins or others, you need to create a new exchange.

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