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NuFi’s exchange feature uses Changelly to allow users to exchange between cryptocurrencies effectively and efficiently.
This article will demonstrate how to exchange a cryptocurrency in an external wallet to a supported cryptocurrency in your NuFi wallet.
Step 1: Access NuFi Wallet
Access NuFi wallet. You will be taken to the Portfolio page.
Step 2: Portfolio
For the asset you want to exchange, select ‘Exchange’ as shown below.
Step 3: New Exchange
You will be taken to the exchange page. Select ‘New exchange’:
Step 4: Exchange Screen
The Exchange screen will then be displayed. You will need to input some details of the exchange.
Step 5: Exchange Details
Fill in the details of the asset you want to exchange from, and what you want to exchange to, then press ‘Continue’.
This example demonstrates exchanging Tezos for Cardano. A breakdown of each field is outlined below.
From
Asset
The asset you are exchanging from
Fund From
Where the asset is being funded from; an external address outside of your NuFi wallet or an account within your NuFi wallet.
If you select an asset that you do not hold within your NuFi wallet, this will automatically select ‘External address’.
Account
Use the dropdown to select the account you want the exchange to take place from.
This article will use funds from an external Tezos account
Amount to exchange
Input the amount of the asset (which is Tezos in this demonstration) you want to exchange.
Please note that there are minimum and maximum amounts you can exchange, which will vary depending on what asset you are exchanging.
Network Fee
An approximate network fee that will be deducted for the transaction to take place.
To
Asset
The asset you want to exchange to
Receive to
Specify if you want an external address to receive the asset or an account within your NuFi wallet.
This example will receive Cardano into an account within the NuFi wallet.
Account
The account to which the exchanged asset will be sent to. This can be chosen using the dropdown.
Estimated amount to receive
The estimated amount of the exchanged asset you will receive.
In this example, approximately 50 Cardano will be received by exchanging just over 14 Tezos
Conversion Rate
The current conversation rate of the asset you are exchanging from, to the asset you are exchanging to, will be displayed
Step 6: Exchange
You will be shown a breakdown of the transaction.
Ensure you read and accept the Terms & Conditions, enter the wallet password and then press ‘Exchange’:
Step 7: Send External Funds (Awaiting Payment)
You will be shown an address where you will need to send the specified amount of the asset you are exchanging from. This is so Changelly can receive, and subsequently exchange the funds.
From your external wallet, send the specified amount of cryptocurrency to the given payin address. Please note that you have 36 hours to send the funds, otherwise the transaction will be cancelled.
Viewing Progress
Please note that you can scroll down to see details of the blockchain information, payin address, payout address, and the Changelly ID, which will give you further information about the transaction, such as the amount of time remaining to send the funds and the status of the transaction.
You can also close the dialogue and view the progress of the exchange at any time. This can be done by selecting ‘Exchange’ from the Portfolio page, where you will see a list of your exchanges happening:
Step 8: Changelly Exchanging
Once Changelly has received the funds, the transaction will go through the following stages:
- Confirming
- Exchanging
- Sending
The status of the exchange can be viewed within your NuFi wallet or Changelly, as shown in Viewing Progress in Step 7.
Step 9: Successful
Once the transaction has been successful, the funds will appear in the specified NuFi account.
Within the ‘Exchange detail’ page, you will see the below, confirming the success of the exchange.
