The SimpleSwap team has rethought the process of cryptocurrency exchange to make it simple, safe and comfortable. Here is how the Bitcoin to Algorand exchange process takes place on SimpleSwap:
Choose the crypto exchange pair
Select Bitcoin in the “You send” section using the drop-down list. Next, enter the amount you would like to exchange. Then select Algorand in the “You get” section. After that, you will see the estimated amount of ALGO you will receive.
Enter the recipient's address
Now you need to enter the recipient's Algorand address. Be extremely careful and double-check your ALGO address. Your Algorand will be sent to this address right after the exchange.
Make sure that all the data is correct and click the Exchange button. You will be forwarded to the exchange page.
Send and receive cryptocurrencies
On the exchange page, you will see the address to send the indicated amount of Bitcoin to continue the exchange.
After we receive the deposit to our address we send you Algorand. That’s it! In a few moments, Algorand will reach your ALGO address.