GUIDE: How to Swap SOL for BTC Instantly[Cross Chain]

Are you looking for alternative ways to swap SOL to Bitcoin and don’t want to create an account at an exchange? In the fast-paced world of cryptocurrencies, swapping your SOL for BTC is now as easy as a few clicks! 🚀 In this guide, we’ve got your back to help you with this swap instantly.

In particular, a direct swap feature allows crypto investors to exchange one cryptocurrency for another directly within their wallets, eliminating the need to transfer funds to an external exchange. This feature streamlines the swapping process, saving time and reducing transaction fees.

For crypto investors, direct swaps offer several advantages:

• Convenience: Swapping directly within the wallet eliminates the need to register for an external exchange, transfer funds, and wait for confirmations.
• Speed: Direct swaps are often faster than traditional exchange-based swaps, as they occur within the user’s wallet.
• Reduced Fees: Direct swaps can lower transaction fees by eliminating the need for intermediary exchanges.

By continuing to read this guide you’ll learn the following on how to swap SOL for BTC :

• How to swap SOL to Bitcoin by using the ChangeNow exchange
• Why and how to use Phantom Wallet (Solana) for this
• Learn the difference between custodial and non-custodial exchanges

How To Swap SOL to BTC Instantly: Summary

In short, below are the necessary steps to swap SOL for Bitcoin, and no KYC is needed. Additionally, I assume you already have some SOL tokens stored in Phantom Wallet(If not, don’t worry).

Also, I’m using the ChangeNow exchange(non-custodial) as an example. Overall, you have to do the following:

1. Choose the crypto pair: SOL-to-BTC
2. Enter the recipient address: Your Bitcoin wallet address
3. Send SOL tokens to the exchange
4. Receive Bitcoin(BTC) instantly(minutes)

The steps above are a quick take of the steps you must follow. Later on in this guide, I’ll go into more detail by including screenshots. Spoiler: using the ChangeNow platform with Phantom Wallet is the easiest and fastest solution out there!

Why is swapping SOL for Bitcoin complicated?

Swapping SOL to BTC is complex because they operate on different blockchains, each with its unique characteristics. Bitcoin runs on a blockchain specifically designed for storing and transferring value, while Solana(SOL) is a more versatile blockchain that supports decentralized applications (DApps) and smart contracts.

In other words, making this swap involves extra steps and fees compared to a regular transfer on a single blockchain. However, some services can help simplify this process for you.

What is A Non-Custodial Cryptocurrency Exchange?

Non-custodial cryptocurrency exchanges like ChangeNow are platforms that allow users to buy, sell, and trade cryptocurrencies. Additionally, without having to deposit their funds into the exchange’s custody. This means that users retain full control over their private keys and crypto assets at all times.

Non-custodial cryptocurrency exchanges work by acting as intermediaries between buyers and sellers. When a user places a trade order, the exchange matches the order with another user’s order and facilitates the trade without ever taking possession of the user’s funds.

Overall, they offer several advantages over traditional custodial exchanges, including:

• Security: Users’ funds are always under their control, which makes non-custodial exchanges less vulnerable to hacks and other security breaches.
• Privacy: Non-custodial exchanges typically do not require users to create an account or provide any personal information.

Why Use Phantom Wallet

Phantom Wallet is a user-friendly solution for individuals interested in learning about DeFi, NFTs, and storing coins. It allows you to have control over a wide variety of tokens in one place, which is very convenient.

In this specific example of swapping SOL for Bitcoin, Phantom Wallet enables you to add multiple currencies from different blockchains to a single wallet(Solana, Polygon, Ethereum, and Bitcoin). This makes it easy to deposit SOL and receive BTC tokens simultaneously.

You can use ChangeNow to facilitate the swap experience using a single wallet. However, you are not restricted to using Phantom Wallet; you can use any Web3 wallet that supports cryptocurrencies like Solana.

Add Bitcoin To Phantom Wallet

To be able to receive Bitcoin in Phantom wallet you have to use your wallet’s public address — a unique identifier on the BTC network.

Additionally, the Bitcoin blockchain is not default available when you first run Phantom Wallet. Solana, Ethereum, and Polygon are the default blockchains to receive tokens on when using Phantom.

Below are the steps to add Bitcoin to Phantom Wallet and get the BTC receiving address:

• Open Phantom Wallet App
• Tap on Manage Token List
• Toggle Bitcoin Native Segwit

• Tap Close
• Bitcoin is now available on Phantom
• Now choose Bitcoin and tap Receive
• A huge QR code appears
• Click on Copy button below QR code

Once you have your wallet’s public address, you can transfer BTC from the ChangeNow exchange by pasting the address into the “Recipient” field.

To Swap SOL for Bitcoin: How Does It Work?

Before you begin:

• Ensure you have Solana tokens(SOL) stored in a crypto wallet. This can be Phantom(recommended), MetaMask, or any other Solana-compatible wallet.
• You can add Bitcoin as explained earlier. Optionally, use the BTC receiving address to deposit tokens from elsewhere.

Swapping SOL to BTC

• Access the ChangeNow SOL-to-BTC swap page. This is typically found under the “Exchange” or “Swap” tab.
• Select Solana(SOL) as the “You Send” currency. Enter the amount of SOL you wish to swap.
• Select Bitcoin as the “You Get” currency. The estimated amount of BTC you will receive will be displayed.
• Enter(or copy) your Bitcoin(BTC) wallet address in the “You Receive” field. This is where your BTC coins will be sent after the swap is complete.

• Review the swap details carefully. Once you’ve confirmed the amount of SOL you’re sending, the estimated Bitcoin you’ll receive, and your Bitcoin(BTC) wallet address, click the “Swap” or “Exchange” button.
• Send the required amount of Solana(SOL) to the exchange’s SOL deposit address. You’ll find this address on the swap page.
• The conversion to BTC will begin once the exchange has received your BTC tokens. This process typically takes a few minutes.
• Upon completion of the swap, your crypto will be sent to the Bitcoin(BTC) wallet address you provided. Finally, check your BTC wallet balance to confirm the transaction.

Finally, by following these steps, you can instantly exchange any crypto for any other coin and expand your cryptocurrency portfolio.

Conclusion: Are Direct Swaps Convenient?

All in all, the platforms mentioned in this article really upgrade the crypto buying experience while remaining in full control over your crypto assets. On top of that, you don’t need to create an account and go through an extensive KYC process.

In short, the buying and swapping of crypto will be like this:

• Limitless exchange: Start from less than $2 and swap as much crypto as you want — there is no upper limit
• DeFi Based: Gain access to decentralized liquidity of Uniswap and Pancakeswap
• Non-custodial: All platforms retain your privacy and guarantee security.

Related: 5 Best Places to Swap USDT for Bitcoin

FAQ — Swap SOL for Bitcoin

Can I Swap BTC to SOL on Phantom?

Yes, that’s also possible. This guide explains how to swap SOL for Bitcoin instantly. However, nothing is stopping you from reversing and making the swap go the other way.

How Long Does It Take To Swap Crypto?

In this guide, I explained the crypto swap on the ChangeNow platform. It usually takes a few minutes to let the exchange process the conversion, however, you don’t need to create an account for this.