Cryptocurrency

[Niiick]

 

Is it possible to exchange one cryptocurrency for another?

Edited January 27, 2020 by wkdpaul

[wasab]

Maybe. You need a willing buyer. Because crypto are not legal tenders, it has no legal status to settle out going debt in court like say during bankruptcy or when debtor sue you. As a result people are not forced accept this currency and its solvency depends on how much people are trading it for real currency. 

[RonnieOP]

You can exchange literally anything for anything else as long as you find someone who wants the deal.

 

If you cant find a person willing to exchange you could always cash out what you have and buy the other crypto with that money.

[TudorMN]

There are plenty of platforms that have some currency for each one where u can trade, use one that u think is fair.

[Bobrr]

I agree with TudorMN. You can not only sell cryptocurrency to someone, but also exchange it using the service. 
I think there are a lot of them. For example, one of these http://robopay.com/

[WkdPaul]

* thread moved to the appropriate section *

[JoshHendi]

There are quite a few exchanges out there, but most are KYC and that is getting more of the norm every day... BISQ is fantastic if you want to exchange anonymously (more so than a standard exchange)

[Tan3l6]

I have used https://exchange.blockchain.com/

Works as advertised.

[Stikeoro]

As many people advise, I would also like to advise - do not chase for a super price when exchanging. To be more precise, look for a profitable place, but be careful. A lot of sites are fake, incorrect, or completely fraudulent. There are several time-tested sites, which have long been exchanging. 

[airborne spoon]

you can use a lot of exchanges for changing out your crypto. the easiest is changelly they do almost all crypto and the fee is next to nill. For all my mining profits I use kraken because they do most currencies and the fees are minimal and i can convert my profits to fiat currency (USD, EUR, exc)

Converting your crypto to like USD is usually a involved process because there is verifications that need to be done by most exchanges. Most of my money i just convert to BTC and hold and only sell off a little at a time as i need to buy stuff.