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OK so now that we know what crypto exchanges are and how they can be used to convert one crypto currency

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to another.

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And why you might want to do this in this lecture.

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I'm going to give you an example of using a crypto exchange called morph token.

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Most of these exchanges are very similar anyway.

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So this will give you a good idea on how to use any crypto exchange really anyway in general.

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These Web sites use very intuitive and easy to use interfaces.

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So for this one right here on the left you have to specify the deposit currency.

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So as you know we want to transfer from bitcoin.

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So if you're depositing another a different type of coin you can pick it from here.

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But I'm leaving it at bitcoin because we want to actually deposit bitcoin and we want to transfer that

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we want to receive Monaro again if you want to convert your bitcoins to another coin.

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All you have to do is click in here and select the other coin next to specify the amount of deposit

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the amount of bitcoins that you want to convert to Monaro or to the destination currency.

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Now for this Web site the minimal amount that you can convert is five micro bitcoins.

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So zero point zero zero five.

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You should read the frequently asked questions of whatever service you're using to make sure that you

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send more than the minimum amount because sometimes if you send less than the minimum amount it will

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be considered as a donation.

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So this is similar to what happens with bitcoin mixers.

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Now if we go down into my wallet I have my electronic wallet right here my bitcoin wallet.

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You can see that my balance is five point six micro bitcoins.

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So this is zero point zero zero five six.

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You divide this value by a thousand two converted from micro bitcoins to bitcoins.

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So I have more than the minimum amount.

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So that's fine.

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So I'm going to set this to the minimum amount.

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Now remember like I said this is in Bitcoins not in micro bitcoins.

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So five point six micro bitcoins will be equal to zero point zero zero five six bitcoins.

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Now I actually don't want to spend all of this.

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I'm just going to send five micro bitcoins.

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So at zero point zero zero five the receiver is already set to Monaro.

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So we're good to go.

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You can also use the weight in here if you want to convert the deposit coin to a number of different

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crypto currencies so you can click on the plus in here to add more entries.

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And when you do that for example in this case 50 percent of my bitcoins will be converted to Monaro

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and 50 percent will be converted to ethereal which is another cryptocurrency.

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And you can keep clicking on the plus and split your bitcoins into a number of different crypto currencies

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if you want.

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Now in my case I want to keep everything for Monaro so I'm going to click on the minus here and we're

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going to click on morph to start the process at the next page.

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It's asking us for the refund address.

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This is the address of the wallet that will send the funds as the name suggests.

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The only reason you need this in case something goes wrong the money will not be lost.

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It will be sent back to the wallet that it came from or to the address that you specify in here.

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So I'm gonna go down and this is the wallet that will send the money and I'm going to sell it as the

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refund wallet.

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So I'm going to click on receive as usual copy its address and paste it here.

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That's done.

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The next step is to give the address of our money a wallet which will receive our bitcoin coins after

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being converted to Monaro or Samar.

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So again we're going to go down and this is my money or a wallet.

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You'll notice that using these wallets is actually very very similar.

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If you want to receive money you click on receive similar to what we do with electronic.

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Now in your case you'll probably only have one address in here the primary address.

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I have two other addresses here because I created them manually and it's actually a very good idea to

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always create new addresses for every transaction you make.

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Therefore this is a new transaction.

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I'm going to click on Create a new address.

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You can set any label for this.

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I'm going to call it test three and I'm going to click on.

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OK.

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And now when I click on this you'll see that the QR image changed.

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This is the cure image for address three for this wallet.

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And I can click on this icon right here to copy this address to my clipboard.

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As you can see in here at St..

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The address is added to the clipboard.

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And I'm going to go back to my Web site and I'm going to paste it here so that this will be the address

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that will receive the coins after they're converted to Monaro or XA Ma once we're happy with setting

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the refund address and the receiving address.

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I'm going to click on Start to start the process and perfect now the process has started.

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We have our ideas right here.

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If you go down again you can see it's telling you what's the minimum amount that you can transfer is

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zero point zero zero five.

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This is what we picked anyway so that's fine.

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And then it's given us the address of the wallet of this Web site.

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So we should transfer our coins to the address that we have in here.

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This website will convert our bitcoins to Monaro and then transfer it to the address that we gave as

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the receiving address which is the address of this wallet.

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So right now I need to go to the wallet that I'm sending money from.

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I'm going to go to the same tab as we've seen before.

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We're going to set the pay to address to the address that we got from here the address of the wallet

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of this website.

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You can set a description for this but I'm going to leave it blank.

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That's fine.

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The amount we're going to set that to five.

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Remember this is in micro bitcoin so it's equal to zero point zero zero five which is what we picked

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in here when we initiated the process.

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I'm going to keep the fees as they are and I'm going to click on send to send the bitcoins.

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I'm going to put my password and perfect.

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Now the payment is sent and if we look in our history tab you can see that it's sent.

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It's still unconfirmed.

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So you want to wait for this as usual.

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And if we go to the Web site you can see that it's waiting for confirmation but it received my zero

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point zero zero five bitcoins.

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So all we need to do right now is literally wait for these guys to receive my bitcoins convert them

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to Monaro and then they will transfer it to my money or a wallet right here.

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Now I've actually posed the video for a bit.

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And right now as you can see I received the funds in my money a wallet.

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If you click on Account you should see the amount that you transferred in here in your wallet.

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And as you can see right now this is an X and are in 1 0.

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So we basically converted our coins from Bitcoin to Monaro or more like I said once we do this we basically

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broken the link between all of the previous transactions and the coins in this wallet.

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So right now if I go ahead and use the coins in this wallet for anything it will be untraceable and

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unlikable to the bitcoin wallet that sent the money to this wallet right here.

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So even if the Bitcoin wallet was linked to my identity or compromised it's still safe to use this wallet

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in here because it is not linked to the previous wallet and therefore it's not linked to my real identity.