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How To Swap Crypto On Breet
How To Swap Crypto On Breet
Updated over a week ago

Breet allows you to swap one cryptocurrency for another; with over 170 cryptocurrencies available, you can never get enough 😀.

Here's an easy 5-step guide on how you can exchange between cryptocurrencies on Breet.

  1. Pick the cryptocurrencies

  2. Enter the destination/recipient address

  3. Confirm the transaction

  4. Make a deposit

  5. Wait to receive your coin

Step 1. Pick Your Cryptocurrencies

Please login to your account and choose the cryptocurrencies you want to exchange (e.g., Ethereum to Bitcoin), and enter the amount. We'll show you how much Bitcoin you'll get. When ready, click "Proceed."

You can choose a FIXED or FLOATING rate. FIXED gives you the exact amount shown, while FLOATING may change depending on the exchange rate when your deposit is received.

Step 2. Enter The Receiving/Recipient Address

Next, enter the address you want to receive the coin. In this case (ETH to BTC), you are expected to enter your Bitcoin wallet address. If you don't have a Bitcoin wallet yet, you can choose to create one.

You can also scan a wallet QR code or use Breet's wallet address (if the coin is supported on Breet's crypto-to-cash channel). Understand that any crypto received to your Breet's address will be converted to fiat automatically.

Be careful not to provide the wrong address. We do our best to verify address validity against the cryptocurrency selected.

Step 3. Confirm The Transaction Details


Double-check all the details you entered, and if everything looks correct, click the "Finish Exchange" button. This will start the exchange process, and we’ll wait for your deposit.

Note:

  • If you choose FIXED, send your deposit quickly, or the exchange will expire.

  • If you choose FLOATING, sending your deposit sooner gives you a better chance of getting the expected amount.

Step 4. Make The Deposit

By now, the status of the exchange will be "Awaiting Deposit". After confirming your transaction details, send the Ethereum you want to exchange to the address Breet generates. You can also scan the QR code.

Be sure to send the exact amount expected so the exchange can be processed seamlessly. That means if you're expected to send 0.5 ETH, ensure that you send 0.5ETH.

Also, ensure that you don't send the wrong cryptocurrency or token to the provided address.

Step 4. Wait To Receive Your Coin

Once the deposit is spotted on the crypto network, the status will automatically change to "Confirming Deposit"; it usually takes a few minutes. At this point, the countdown timer will stop (if the exchange mode is fixed).

Once the deposit is confirmed, the status will then change to 'Exchanging', then to 'Sending', and finally to 'Successful’

Once it's finished, it means the cryptocurrency has been sent to the recipient's address.

PLEASE NOTE:

  • If no deposit is received from you, the exchange will automatically expire after the set 15 minutes.

  • If you send cryptocurrency to an expired exchange, feel free to contact us so we can manually process the exchange.

  • If you send the wrong cryptocurrency or token, we might not be able to refund it.

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