How to exchange Bitcoin (BTC) to Toncoin (TON)

Available Bitcoin to Toncoin exchange destinations

On the BestChange website, you can exchange Bitcoin (BTC) cryptocurrency in four different networks:

• the original — Bitcoin;
• the second-level network — Lightning Network (LN);
• Ethereum — an ERC-20 wrapped WBTC token;
• BNB Smart Chain — wrapped BEP-20 token BTCB.

The original Bitcoin network was and remains the most popular option for exchanging Toncoin (TON) and other cryptocurrencies. Still, due to high commissions, the cost of such an operation increases, or the exchange rate becomes unfavorable. The same applies to the Ethereum network. In the BNB Smart Chain, commissions will be lower, and transactions will be faster.

Lightning Network allows you to make the fastest and cheapest transactions, but few exchangers support this exchange direction.

How to exchange BTC to TON

Below are detailed instructions on quickly finding a suitable exchanger and converting Bitcoin to Toncoin cryptocurrency.

Step 1: Finding a suitable destination and selecting an exchanger

At first, the user needs to choose a suitable BTC network for him in the left column of the BestChange exchange table:

• Bitcoin (BTC) — Basic Network;
• Bitcoin LN (BTC) — Lightning Network;
• Bitcoin BEP20 (BTCB) — BNB Smart Chain;
• Wrapped Bitcoin (WBTC) — Ethereum.

Then, in the right column, you need to select the second cryptocurrency of the pair — Toncoin (TON). Next, all available exchangers that allow you to convert BTC to TON will be shown. All that remains is to choose an exchanger and go to its website.

Before choosing an exchanger, you can read reviews and study detailed information about it. For example, the user can find out the exchanger's mode of operation and the conditions it provides. It should be taken into account that there are exchangers that do not fix the rate during the transaction and separately consider the network commissions for sending the transaction.

Step 2: Create and send a request for exchange

If the exchanger is selected, you can proceed to the next step — filling out the application form for BTC to TON exchange. In this form, you need to specify the exchange amount, email, and the address of your wallet in the Toncoin network. The exchanger requires an email for registration and to receive a receipt of the operation after the transaction is completed.

It is worth noting that some exchangers require additional fields, for example:

• Telegram username;
• MEMO (additional tag to identify the user of the transaction);
• phone number;
• personal data (first and last name, country of registration, residential address, and so on).

The MEMO tag should not be ignored, especially if the user needs to get the cryptocurrency to the exchange address for replenishment (which is often not recommended by experienced crypto users and often exchangers themselves). However, some wallets may also request MEMO when funding with TON cryptocurrency. If MEMO is not required to top up your wallet, you do not need to fill out this field.

Some exchangers require user identification in accordance with KYC/AML policy, so they may request documents confirming the user's identity, such as a passport, driver's license, or ID card.

Step 3: Send BTC cryptocurrency

In this step, the user must send the amount of bitcoins specified in the exchange application to the network they chose when filling out the form. If the user has selected the original Bitcoin network, the exchanger may send a different address than the one used in his wallet, which should not confuse him.

The fact is that Bitcoin supports three different types of BTC addresses: Legacy, SegWit, and Native SegWit. The last two are the most commonly used, starting with characters 3 and bc1, respectively. For example:

• 3PMNqqzpkrT3oVq4jYTW6QMJ13uTZuNje1;
• bc1q5zlrfcxmpkyexu9py2437s92yl0m83gdry73sy.

Regardless of the address format the user uses, you can send cryptocurrency to any type of Bitcoin address of the exchanger — even Legacy, which starts with the number 1 and is less frequently used by exchangers.

After sending a BTC transaction, you need to wait for the exchange to confirm the transfer. This will happen after the required number of Bitcoin network confirmations has been reached. Each exchanger sets this number individually, but it is usually within 4.

To prevent the transaction from taking too long to be confirmed, you should not set too small a fee — data on the average network fee can be found in blockchain browsers such as Blockchair or BTC.com. You can also use them to track the status of a transaction after it has been sent. If the transaction is too slow, you can speed it up, provided that the wallet you are using supports this feature.

Step 4: Receive TON

The last step is for the exchanger to confirm that the user made the Bitcoin transfer. If the exchanger does not automatically confirm the transfer, it may take a little time for the exchanger managers to do so manually and send the TON cryptocurrency to the wallet address specified by the user.

If you encounter any problems, such as delays in transfers by exchangers or service errors, you should immediately contact the exchange service's support service.