In this more detailed tutorial, we'll show you how to swap USDC for BTC on SwapNow in a few simple steps, quickly, without KYC and sign-up.
To start the USDC for BTC swap process, make sure that USDC is selected in the dropdown list to the right of "You send" box, and BTC is chosen in the dropdown list to the right of "You receive" box.
Enter the amount of USD Coin (USDC) you are going to exchange into "You send" box. If your amount is lower than the allowed minimum for the USDC for BTC swap, the minimum value below "You send" box will turn red. In this case, please correct the amount. After entering the amount, wait a couple of seconds for the recalculation to complete and check the estimated amount of Bitcoin (BTC) in "You receive" box.
Enter the receiving BTC crypto wallet address and, optionally, the refund USDC wallet address.
Click "Exchange" button to create the USDC for BTC swap transaction. If all entered values are correct and valid, you will be redirected to the transaction page.
On the transaction page, copy the deposit USDC address and amount into the corresponding fields on "Send" tab/dialog box of your crypto wallet (or simply scan the QR code if you are using a mobile wallet). Send the USD Coin payment.
Track the status of your USDC for BTC swap on the transaction page. Typically, most exchanges take from 5 to 60 minutes. However, in case of a crypto network congestion, the swap process could take longer than that.
As soon as the swap status displays "Finished", you can check your receiving BTC wallet to make sure you have a new incoming Bitcoin transaction.