Altcoins to Bitcoins/Bitcoins to Altcoins

Altcoins to Bitcoins/Bitcoins to Altcoins



It’s sometimes profitable to do these trades to increase your holdings in one crypto-currency. For instance, if you go through Altcoin Faucets, or altcoin giveaways on the forums, you can get a decent number of different varieties of cryptocurrencies. You can either keep them, or exchange them for Bitcoin. In order to trade these, you can use an exchange like Poloniex or Bittrex. If you don’t want to create yet another account at an exchange, you can convert altcoins instantaneously to Bitcoin (and vice versa) using ShapeShift or Changelly. There are plenty of new exchanges opening up as the number of cryptocurrencies goes through the roof, but please do be careful of these newer exchanges and don’t put a lot of money into them.

Conversion Guide
1 mBTC = 0.001 BTC (milli BTC)
1 uBTC = 0.001 mBTC (micro BTC or millionth of BTC). Also called a ‘bit’, so 1 bit = 100 satoshi = 1/1,000,000th of a Bitcoin
1 satoshi = 0.01 uBTC (smallest unit of divisibility, hundred milltionth of a Bitcoin).
To check the latest conversion price of USD/BTC, check out the open Bitstamp market.
Altcoins to Bitcoins/Bitcoins to Altcoins Altcoins to Bitcoins/Bitcoins to Altcoins Reviewed by richnixon on abril 19, 2019 Rating: 5
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