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Okay.

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So now that we know what crypto exchanges are and how they can be used to convert one cryptocurrency

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to another and why you might want to do this.

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In this lecture, 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, so this will give you a good idea on how to use any

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crypto exchange.

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Really?

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Anyway.

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In general, these websites 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 Monero.

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Again, if you want to convert your bitcoins to another coin, all you have to do is click in here and

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select the other coin.

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Next, you want to specify the amount of deposit, the amount of bitcoins that you want to convert to

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Monero or to the destination currency.

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Now for this website, the minimum amount that you can convert is five micro bitcoins.

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So 0.005.

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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.

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Because sometimes if you send less than the minimum amount, it will 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 electron wallet right here, my Bitcoin wallet, you can

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see that my balance is 5.6 micro bitcoins.

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So this is 0.0056.

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You divide this value by 1000 to convert it 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 5.6 micro bitcoins will be equal to 0.0056 bitcoins.

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Now, we actually don't want to send all of this.

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I'm just going to send five micro bitcoins.

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So it's 0.005 they receive is already set to Monero, 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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cryptocurrencies so you can click on the plus and here to add more entries.

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And when you do that, for example, in this case, 50% of my bitcoins will be converted to Monero and

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50% will be converted to Ethereum, 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 cryptocurrencies

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if you want.

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

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we're going to click on Morph to start the process.

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And the next page, it's asking us for the refund address.

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This is the address of the wallet that will send the funds.

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As the name suggests, the only reason you need this in case something goes wrong, the money will not

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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 going to go down and this is the wallet that will send the money, and I'm going to set it as

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the 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 Monero wallet, which will receive our Bitcoin coins after

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being converted to Monero or XMR.

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So again, we're going to go down and this is my Monero 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.

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Similar to what we do with Electron.

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

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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, so I'm going to call it Test three and I'm going to click on okay.

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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 QR 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, it's saying the address is added to the clipboard.

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And I'm going to go back to my website 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 Monero or XMR.

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Once we're happy with setting the refund address and the receiving address, I'm going to click on start

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to start the process.

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And perfect.

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Now the process has started.

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We have our ID 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.

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It's 0.005.

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This is what we picked anyway.

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So that's fine.

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And then it's given us the address of the wallet of this website, so we should transfer our coins to

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the address that we have in here.

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This website will convert our bitcoins to Monero 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 send 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.

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So it's equal to 0.005, which is what we picked 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.

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And perfect.

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Now the payment is sent.

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And if we look in our history tab, you can see that it 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 website, you can see that it's waiting for confirmation, but it received my 0.005

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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 Monero, and then they will transfer it to my Monero wallet right here.

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Now.

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I've actually paused the video for a bit, and right now, as you can see, I received the funds in

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my Monero 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 in Exmor in one arrow.

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So we basically converted our coins from Bitcoin to Monero.

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XMR And like I said, once we do this, we basically broken the link between all of the previous transactions

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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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unthinkable 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

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

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identity.