What is that ? so this is decentralization I want

Question

MultiversX - Community

Wam

What is that ? so this is decentralization I want

to buy eld via xportal and it asks me for my identification number for taxes

#blockchain #cryptocurrency #elrond #english

0

28.10.2023

21 ответов

89 просмотров

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL

Non custodial wallets are decentralized as is the Blockchain and in the process of becoming more so. Don't confuse payment providers and onboarding ramps with the Blockchain, they need to comply with regulations otherwise they would be no more

0

28.10.2023

Munjetas

Pa⃨w⃨s⃨ -⃨ I WILL NOT DM/CALL
Non custodial wallets are decentralized as is the ...

How can i swap btc to egld and viceversa on dex?

0

29.10.2023

@aa | MultiversX ⚡️

Munjetas
How can i swap btc to egld and viceversa on dex?

You log into the exchange, go here: https://xexchange.com/swap Then you search for EGLD and WBTC tokens and do the swap

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
You log into the exchange, go here: https://xexch...

And how i get then normal btc and not wbtc?

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29.10.2023

@aa | MultiversX ⚡️

Munjetas
And how i get then normal btc and not wbtc?

On MultiversX blockchain you can't get normal BTC. After you get WBTC you can send it using https://ad-astra.multiversx.com/

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
On MultiversX blockchain you can't get normal BTC....

Why is it so complicated,i have to go to one place to swap,than send it to another place ? Can i use my Phone atleast to do all this?

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29.10.2023

@aa | MultiversX ⚡️

Munjetas
Why is it so complicated,i have to go to one place...

It's not that complicated, well maybe the first time you do it. When you go to another country you can't just buy things with your native cash, right? First you need to swap it. Something like that is happening here also. We can't have a different token from other blockchain on it's native state on our own blockchain. I think you can do it. You need to have Metamask install on the phone, through

0

29.10.2023

Munjetas

@aa | MultiversX ⚡️
It's not that complicated, well maybe the first ti...

I dont know with egld ,but if i have ethereum i can swap to any eth token and viceversa on uniswap without having to send it anywhere, i was expecting it to be as easy as this,i would have to use a cex it looks like it

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29.10.2023

Sam. no DM

Munjetas
Why is it so complicated,i have to go to one place...

wrapped btc is not on a lot of chains natively. many evm chains bridge wbtc from ethereum. I see a good alternative to it ibtc from polkadot but MvX has not yet a bridge with polkadot parachains . I hope MvX can have its own Xbtc all in app from btc adress from xportal. wait. I think dev already thought about that

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29.10.2023

@aa | MultiversX ⚡️

Munjetas
I dont know with egld ,but if i have ethereum i c...

Yes, correct, you can swap to any ETH token, because those tokens are on Ethereum blockchain. Even on ETH blockchain, you don't have BTC, you have WBTC This is how things work for now. Probably things will change in the future and we will be able to swap from any token to other, no matter the blockchain:)

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
Yes, correct, you can swap to any ETH token, becau...

I hope so,thanks alot for your answer

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
It's not that complicated, well maybe the first ti...

Can i use xportal instead of metamask to conect to xexchange swap to wbtc and then send it to ad astra vía xportal wallet?

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29.10.2023

@aa | MultiversX ⚡️

Munjetas
Can i use xportal instead of metamask to conect to...

Yes, but you need metamask in order receive the WBTC from MultiversX blockchain to ethereum blockchain.

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
Yes, but you need metamask in order receive the WB...

So i cannot do all the process from xportal? Is that right?

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29.10.2023

@aa | MultiversX ⚡️

Munjetas
So i cannot do all the process from xportal? Is th...

You can buy the WBTC with xPortal. If you want to transfer it you ethereum you need a metamask wallet, when you use ad-astra bridge

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29.10.2023

Munjetas

@aa | MultiversX ⚡️
You can buy the WBTC with xPortal. If you want to ...

I have normal btc on metamask and on xportal and want to buy egld with the btc i have without going trough any cex

0

29.10.2023

Pietro (Uep)

Munjetas
I have normal btc on metamask and on xportal and w...

For the BTC on Xportal you can just swap them. There is a "swap" section from main page. For the BTC on metamask, if you don't want to go through cex, you need to bridge them. Dunno which bridge is better, sorry

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29.10.2023

Munjetas

Pietro (Uep)
For the BTC on Xportal you can just swap them. The...

And viceversa? Once i swap the btc i have for egld on xportal can i swap the egld for btc back again ot would they be wbtc?

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29.10.2023

Pietro (Uep)

Munjetas
And viceversa? Once i swap the btc i have for egld...

Never tried, but you can choose BTC or WBTC in the swap section. I presume you can do it

0

29.10.2023