How to exchange Cardano for Toncoin

Due to the rapid development of the Toncoin network, many investors are looking for a way to acquire TON cryptocurrency, which can be done by exchanging Cardano for Toncoin.

Step 1: Finding and selecting an exchanger

To exchange Cardano cryptocurrency for Toncoin, first, on the left side of the BestChange exchange table, the user must select the ADA cryptocurrency for sale. On the right side of the table, Toncoin should be chosen. When the direction of exchange is selected, the entire list of online marketplaces that allow converting ADA cryptocurrency to Ton will be displayed.

The list of platforms selected by the specified direction is sorted by the exchange rate (starting with the most favorable for the user). Still, this order can be changed by other criteria, for example:

• The number of reserves available at the site;
• The number of reviews about the work of the exchanger.

Before selecting an exchanger, the user can familiarize himself with detailed information about each site. For example:

• The working hours of the exchanger;
• The mode in which the service accepts requests (manual, semi-automatic, or automatic);
• Customer verification requirements;
• Terms of transactions (whether the rate is fixed, whether the price considers the commission, and so on).

It is also worth paying attention to the icons next to each exchange office's name, as they indicate essential information and can help make a decision. After selecting an exchange service, you should go to the site's website and click on its name to complete an application.

Step 2: Formalizing and sending the application for exchange

The online exchange site will display an application form that the user must fill out and submit to start the transaction. In the application form provided, the user must specify the exchange amount in accordance with the site's limits, the cryptocurrency wallet address to receive Toncoin, and the email required to send the transaction receipt.

It should be noted that exchangers also ask you to enter a Memo — a kind of note to the transaction. In fact, the MEMO item is not mandatory, and provided you receive cryptocurrency in your wallet, you only need to mark a specific transaction.

It is worth considering the AML checks that exchangers perform by the anti-money laundering policy, which makes the exchange process more reliable for all parties. At the same time, this means additional user identity checks (KYC) are required in some cases. In BestChange's list of exchangers, such sites are marked with a special icon, indicating that the exchanger may request identity verification directly during the transaction.

After filling out the application form, the user must submit it. If the exchange accepts the user's request, it will inform the user of the wallet address for sending Cardano cryptocurrency. In most cases, exchange requests are automatically accepted within a few seconds. After that, you can move on to the next steps — sending and receiving funds.

Step 3: Sending funds

After receiving the cryptocurrency wallet address, you must send the amount of ADA cryptocurrency specified by the exchanger. Cardano processes transactions quite quickly, so the cryptocurrency should arrive in the exchanger's wallet within minutes of sending it.

After sending the cryptocurrency, the exchange rate will be fixed by the exchanger in any case. The exchanger needs to confirm the cryptocurrency transfer by the user from their side and then send the Toncoin to the customer at the wallet address they specified in the application.

Step 4: Receiving funds

The time it takes to send the cryptocurrency will vary with each exchanger, but it is usually within half an hour. This information can be verified on the exchanger's website. After sending the TON, the exchanger will provide the user with a transaction hash, which can be used to check the transfer status in a blockchain browser such as TONScan or Tonviewer. However, this is usually not required as transaction processing time on the TON network is generally only a few seconds, and delays are short and infrequent.

A transaction hash will only be required if the cryptocurrency has not arrived in the user's wallet for a long time after it was sent and the customer decides to check its status. Before contacting support, it is better to ensure there are no problems with the transaction after it has been sent through the blockchain by using the block browser.