How to Convert Bitcoin (BTC) to Oasis Network(ROSE) Safely in 2024

Are you interested in learning how to convert Bitcoin into Oasis Network to ensure increased anonymity for your transactions? Bitcoin, while not completely anonymous, can be complemented with Oasis Network, which offers complete anonymity, making it difficult to trace transaction values or identify parties involved. Whether you have privacy concerns or other reasons for converting BTC to ROSE, it is crucial to proceed with caution due to the irreversible nature of crypto transactions and the complexities involved in Oasis Network’s anonymity. To assist you in this process while prioritizing safety, we have prepared a step-by-step guide for converting BTC to ROSE efficiently.

In this tutorial, we will use MyCoinChange, a user-friendly cryptocurrency swap service, to facilitate the exchange between the two currencies. Follow the steps below to convert BTC to ROSE securely and quickly:

Step 1: Visit MyCoinChange.co [No KYC & No Sign-up]
When you access the website, you will find an interface where you can select BTC and ROSE pairs. Indicate the amount of BTC you wish to exchange, and the platform will display the corresponding amount of ROSE you will receive upon completion of the conversion.

Step 2: Click on the ‘Exchange’ Option
Proceed to click on the ‘Exchange’ option, as shown in the image from the previous step. Here, you can modify the amount of BTC you intend to exchange. The exchange fee for this transaction is set at 2% of the total.

At this stage, you will be prompted to provide your Oasis Network address. If you do not have a Oasis Network address, we recommend selecting a wallet from the list of best Oasis Network wallets available and obtaining an address. This address will be used to receive your Oasis Network coins in exchange for Bitcoin.

Step 3: Confirm the Oasis Network Address and Proceed
After entering your Oasis Network address, click on the ‘Next’ button. You will then be presented with a page displaying details of your conversion, including the ROSE address, fees, and estimated conversion time. Take a moment to carefully review these details before proceeding.

Step 4: Initiate the Conversion
Once you have verified all the information, click on the ‘Start’ button. The platform will provide you with an address where you need to send your BTC first. Don’t worry; this is the standard procedure when using MyCoinChange. You must send the relevant currency first to receive the other currency. Use your Bitcoin wallet to send your bitcoins to the provided address.

Note: You have 24 hours to send the funds; otherwise, the transaction will be automatically canceled. It is advisable to send the BTC as soon as possible to avoid potential changes in the BTC/ROSE exchange rate.

Step 5: Wait for Confirmation
Once you have sent your bitcoins to the provided address, you will see a screen displaying the message ‘Transaction is being confirmed.’ This indicates that your transaction is in progress and will soon be confirmed by the Bitcoin blockchain. Typically, it takes around six confirmations for Bitcoin deposits, which can take up to an hour in case of network congestion.

The actual swapping process occurs almost instantaneously, but the time taken by the blockchain network accounts for the remaining duration. The exchange comprises three stages: obtaining confirmations, exchanging BTC to ROSE, and sending the Oasis Network to your wallet.

Step 6: Await Completion
Exercise patience while waiting for the BTC to ROSE conversion to complete. Once it is finished, you will see a screen displaying all the transaction details. You can also verify your transaction on the respective blockchain.

Congratulations! You have successfully completed the conversion.

Is It Similar to Sending Bitcoin to Oasis Network?
Some individuals mistakenly assume that this process involves sending Bitcoin to the Oasis Network network and believe that Oasis Network’s blockchain is responsible for the conversion. However, this is far from the truth. MyCoinChange acts as a mediator facilitating the BTC to ROSE conversion. With a reputable track record spanning five years in the industry, MyCoinChange is a reliable choice for such exchanges.

So, what are you waiting for? Explore MyCoinChange today, free of charge.

Note: While this guide focuses on the conversion between BTC and ROSE, the process remains the same for converting any other currency pairs. Feel free to try out MyCoinChange for other conversions too!

If you found this guide helpful, please share it with friends and family who may be interested in exchanging BTC to Oasis Network or vice versa.