SOL to BTC: How to Swap Solana for Bitcoin
Learn how to quickly and easily swap Solana (SOL) for Bitcoin (BTC) using Xverse’s user-friendly web app and wallet in this step-by-step beginner’s guide.
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Looking for a way to swap your Solana for Bitcoin? Thanks to Xverse’s new, user-friendly cross-chain swap web app, swapping your SOL to BTC has become easier than ever.
Read on to learn how to swap SOL to BTC with just a few clicks in this step-by-step guide.
What Are Cross-Chain Swaps?
Cross-chain swaps refer to exchanging one cryptocurrency for another on two separate blockchain networks.
For example, you can exchange SOL, Solana’s native cryptocurrency, for the world’s very first cryptocurrency, BTC, on the Bitcoin blockchain.
Once upon a time, before apps like the Xverse Cross-Chain Swap were a thing, this would’ve been much more complicated and costly. It would have required you to sign up to a centralized crypto exchange, fund your account, trust the exchange with your coins, and pay various exchange fees by the time your assets reach your own wallet.
Now that you understand cross-chain swaps, let’s look at how to perform one with Xverse.
How to Swap SOL to BTC, Step-by-Step
Let’s go through how you can swap your SOL for BTC using the Xverse Cross-Chain Swaps app. Here’s how it works:
Step 1: Log into the Xverse Web App
- Fire up your web browser and head over to the web-based Xverse Swaps app.
Step 2: Connect Your Wallet
- Once you’ve logged in, connect your Solana wallet that contains the SOL you want to swap.
- To do this, press the drop-down option, select the wallet, and then press the ‘Connect’ button. Follow the wallet’s prompts to authorize access to Xverse.
Step 3: Choose the SOL to BTC Swap Pair
- In the swaps interface, pick SOL as the token you’re swapping from. The interface will then show you the SOL balance you have in your wallet.
- Next, select BTC as the token you’re swapping to.
Step 4: Enter the SOL Amount
- Enter the desired amount of SOL to swap to BTC and press ‘Get quotes.’
- The web app will calculate and display the estimated amount of BTC you’ll receive, in line with the most recent SOL to BTC exchange rates (currently only from Changelly, but more exchanges are coming soon!).
- Double-check all the details to confirm you’re good to go.
Pro tip: make sure you leave a small amount of SOL in your wallet to cover transaction fees.
Step 5: Confirm the Swap
- Once you’ve double-checked the summary of your transaction and everything looks good, press the ‘Swap’ button.
- Confirm with your wallet to approve the transaction and start the swap.
Step 6: Wait for the Swap to Complete
- Considering that they involve multiple blockchain interactions, cross-chain swaps take some time to process. In Xverse’s case, swaps typically take between 5 and 30 minutes to complete, so relax and give it a moment.
- If you’re feeling impatient, you can monitor the progress of your swap through the Xverse dashboard.
- After the transaction is complete, your arrived BTC amount will show up in your wallet and swap history, alongside the swap’s time and date, ID, tokens involved, and the amount.
And that’s it!
You’ve successfully swapped your SOL for BTC without breaking a sweat.
Want to see your previous swaps? No problem. Just head over to Xverse’s Swaps History page, and you’ll get a full overview.
In case you encounter any trouble with your swap, don’t fret! Just reach out to Changelly’s support team. For any issues related to your wallet or connection, you can get a hold of Xverse’s expert helpers through their support page or X profile. Just see to it that you give them your swap ID (found in your history), and they’ll be happy to assist you!
Connect Your Wallets to Xverse Swap to Convert SOL to BTC
The Xverse Cross-Chain Swap app lets you seamlessly convert your SOL (and ETH) to BTC by connecting your wallets and hitting that swap button. It’s arguably the easiest app to convert other cryptocurrencies into BTC. Try it out for yourself!
Download Xverse today to swap tokens and manage all your Bitcoin assets in one place.
FAQs
Can I bridge SOL to BTC?
Yes, you can bridge SOL to BTC using a cross-chain swapping app, like Xverse Swaps. Simply visit the web app, connect your wallets (a Solana wallet and your Xverse Bitcoin wallet), type in the amount of SOL you want to convert into BTC, and confirm the swap. That’s it!
How long will a SOL swap take?
The time it takes to process a SOL to BTC swap will vary depending on network congestion and block confirmations on the two blockchains. Generally, swaps that take place through Xverse’s Cross-Chain Swap app take between 5 and 30 minutes. You can monitor the status of the swap in real time using your user dashboard.
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