Xgramio has introduced an innovative feature that allows users to seamlessly swap Bitcoin for Monero, significantly broadening the asset conversion capabilities on its platform. The publication provides the following information: this enhancement is designed to meet the growing demand for efficient and private cryptocurrency transactions.
New Feature Overview
The new feature enables users to exchange Bitcoin and Wrapped Bitcoin for native Monero, which is sent directly to their specified wallets. The process is user-friendly: individuals simply select Bitcoin as the source asset, Monero as the destination, input the desired amount, and execute the swap.
Transaction Efficiency
To ensure optimal transaction routes, Xgramio leverages liquidity from both centralized exchange order books and its own liquidity pools, typically delivering Monero within a timeframe of 10 to 20 minutes. This update caters to users seeking a quick and cost-effective method to transition from Bitcoin to Monero, particularly appealing to those prioritizing privacy and portfolio diversification.
Statement from Xgramio's CMO
Andrew K, Chief Marketing Officer at Xgramio, emphasized the demand for this feature, stating, 'Honestly, it was the pair we got asked about the most. People just wanted a fast, cheap way to move from Bitcoin to Monero without all the usual hassle. So we built it and flipped the switch.'
Availability of the Swap
The Bitcoin to Monero swap is now operational and will remain available as long as liquidity and pricing conditions are favorable.
SimpleSwap has established itself as a user-friendly platform in the cryptocurrency exchange market, focusing on seamless transactions. This contrasts with Xgramio's recent feature allowing Bitcoin to Monero swaps. For more details, visit SimpleSwap.
