EXCHANGE MONERO TO ETHEREUM
What do you need to know?
- The average time for the exchange of XMR to ETH is from 6 to 10 minutes.
- You need 2 confirmations of the Monero blockchain for the exchange.
- You do not need to enter a Payment ID, we use integrated wallets.
- We do not support sending and receiving Ethereum using smart contracts.
Monero is the most anonymous cryptocurrency
Monero works on the CryptoNote algorithm, unlike public blockchains (for example Bitcoin, Ethereum), when it is sent, neither the sender, nor the recipient, nor even the amount that was sent can be seen, thanks to Ring Signatures and invisible addresses (Stealth Addresses).
How to confirm the fact of sending funds in Monero blockchain?
Monero uses 2 types of “special” private keys: a private send key (used to send funds from your wallet) and a private viewing key that allows you to decrypt transaction and see the amount of funds sent.
Using this private viewing key, sender address, and Monero software, you can decrypt the transaction and confirm the sending.
You can read more about this in our article — How to prove Monero transaction?
Transaction processing speed
The average block release time is about two minutes. But sometimes delays do occur, and the block exit time can take 10-20 minutes.
Monero network fee
Transactions on the Monero network are very cheap, even at peak network times they are only a few cents.
Ethereum — the most innovative blockchain
Ethereum is a new blockchain that, in addition to sending cryptocurrencies, allows you to run and run smart contracts. With their help, you can create a variety of decentralized applications, including their own currencies (tokens). In addition to contracts, a big advantage among other blockchains is considered to be a fairly high speed of transactions.
My order is completed, but I do not see the funds in my wallet, what should I do?
We send Ethereum with an average fee so that the receiving party does not have to wait long for receipt. But sometimes, with the increased load on the Ethereum network, a transaction can get stuck in a mempool for a long time and not get into the block. The status of such transaction is “Pending”. Explorer etherscan.io provides information about the expected processing time of the transaction, but be aware that this value is not accurate and may vary depending on the situation.
If the transaction sent by us can not be confirmed for a long time, please contact our support with a request to push the transaction.