This guide will be part of multiple guides focused especially on Indian users to know how to easily withdraw INR to their wallets. But other country users with access to the CoinDCXPro app can also follow this.
Previously we published part 1 with website
https://blurt.blog/techclub/@tekraze/how-to-swap-coins-with-letsexchange-swap-website-and-coindcxpro-app-or-swapping-guide-part-1-by-techclub-or-25-dec-2021
SimpleSwap Mobile App
SimpleSwap Mobile app allows users to swap easily tokens at market price without any Signup and fast speed. This can be used by people who do not how to do trades, but just want to exchange their tokens and transfer them to wallets like CoinDCXPro for Indian users
Requirements
- Hive Tokens (on hive.blog)
- Tron or TRX Address (CoinDCX pro app)
- SimpleSwap Mobile App
Note: There are fewer fees, and almost low fees wherever applicable and cheapest than other tokens so that is why we are using TRON tokens.
Note: You can exchange Blurt tokens to hive tokens using Tribaldex or hive-engine. You can check this post on how to use tribaldex with blurt https://blurt.blog/witness-discussion/@zahidsun/how-to-use-blurt-swap-to-buy-and-sell-blurt-on-tribaldex
Process
1. CoinDCXPro App
Download the CoinDCXPro app from the play store on your mobile
https://play.google.com/store/apps/details?id=com.coindcx&hl=en_IN&gl=US
Sign up and do KYC. You need to add and verify your Indian bank account also.
You can use my referral link to get free 100INR worth of bitcoin https://coindcx.com/signup?r=22824695$$Yxisfkabo
This is optional and you can directly signup
Now go to funds > withdraw > Then select TRON - TRX option and not down your address or copy somewhere.
You can see the same as I shared below. Yours will be similar to use
Note: This is my public TRON address, so do replace it with yours you will get in the CoinDCXPro app
2. Hive Tokens
You need to have some HIVE tokens in your https://hive.blog wallet which you need to transfer for swap. You can also get hive tokens from your blurt tokens using Tribaldex or hive-engine.
Note: There is no min amount or max amount for swap. Just do at least 10 min HIVE token transfer for exchange. In case of large amounts like 1k or 10k try swapping in parts and not all at once, as there can be a low exchange rate in case of large amount transfers.
3. SimpleSwap Mobile App
1. Start Exchange by placing an exchange order
Enter the number of tokens to exchange and select a target token. Here we have source as Hive and target as TRON. Then click on the exchange
Floating rate will give you the exact rate at the time of exchange actually happening and in the fixed option, you get the price at the time you created this exchange order. So better to keep floating.
2. Your TRON Address
Enter your TRX address where you want to receive the exchanged tokens. This is the same as we created from the CoinDCXPro app. Also, enter the amount of hive you want to transfer.
Check screenshot below
3. Deposit Hive Token
After creating an exchange you will get two properties:
- one is a deposit address where you need to send a HIVE token
- memo which is the required exchange identifier
Here for my caseswap2020is the deposit address for Hive.
Go to your hive wallet and create a transfer with both properties like the image below replaced with your values in the simple swap mobile app.
Note: Make sure to do include the right memo and address, or you may lose your tokens.
4. Exchanging process
After your transfer has been processed by hive and the deposit address, receives the token you will see the exchange progress will be started. Normally it takes 5-10 mins for the process, but sometimes it can take a long time. So just wait for some time.
You will see a screen same as mine below
Keep watching the screen for the status or you can come back in case you minimize the app from the exchange list
5. Completion Process
Once the exchange is done, you will get the completion status as the screenshot below
Here is a screenshot also of whole process with updated process.
So, this is how you can exchange token without any signup with the mobile app on the market prices. We have used Hive and TRX combo, but you can do other supported tokens from the list.
First check token availability on the CoinDCXPro app if a token deposit is available, then set the expected token. And check the SimpleSwap mobile app list to see supported tokens and processes for their respected wallets.
You can sign up also to receive a swap bonus for further exchanges.
More Guides will be linked here when created
How To Swap Coins with LetsExchange Website
How to Withdraw Blurt to INR whole process for Indian users(Under Process)
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Cross Posted from https://blurt.blog/techclub/@tekraze/how-to-swap-tokens-with-simpleswap-mobile-app-or-swapping-guide-part-2-by-techclub-or-26-dec-2021