It can be challenging to use traditional crypto-exchanges to convert one type of crypto-asset into another. Many popular exchanges don’t carry all of the coins you may be looking for and may have a lengthy process to begin trading. VME has partnered with ShapeShift to provide a faster, safer, and more convenient solution. Using our exchange, you just paste the wallet address of each token-type that you want to exchange and our system will provide a conversion address. Once the system receives the initial tokens, they are immediately traded at the best price available on public exchanges and deposited directly into your wallet.
With VME & ShapeShift, what you see is what you get. The exchange rate shown is exactly what you’ll receive, minus only the “miner fee.” There is no exchange fee or service fee.
Minimum Refund Amount: As per our Terms and Conditions, we are unable to return failed transactions that are valued less than the posted miner fee. Deposits under the posted miner fee are too small to be refunded due to the mining fee and administrative costs. ShapeShift will not refund any assets that are worth less than the posted miner fee amount.
Extraction Fee: Digital assets sent to the incorrect address (e.g., GNT sent to an ETH address) will be charged an extraction fee equivalent to 50 EUR denominated in the mis-sent asset using then-current exchange rates.
PLEASE NOTE: If your order fails and you have provided us with a return address, we do deduct the miner fee from your auto-returned transaction.
Shapeshifting is the process of converting one type of crypto token into another. VME and Shapeshift work together to offer the fastest way to exchange one crypto-asset to another while reducing the risk of lost funds. By utilizing ShapeShift’s unique technology, the risk of losing your privacy is reduced because no account is required and no personal information will be requested or stored. Since VME and ShapeShift do not ask for personal information, there is a maximum transaction size in place to prevent the service from being used for money laundering.
VME does not sell crypto-currency. This service converts one type of crypto-currency into a different kind of crypto-currency. We do not accept sovereign currencies for this service.
VME does not hold any crypto-assets on this exchange. Conversions happen in real-time and never pass through a VME wallet. This is the simplest way to convert crypto-assets.
How do I use the exchange?
Step 1: Select your trading pair (for ease of explanation, let’s assume you have bitcoin and you want to receive Dash).
Step 2: Provide your Dash address from your wallet in the top box. This is your destination address. Next put your bitcoin address in the bottom box. This the address your bitcoin will be sent to incase of refund.
Step 3: ShapeShift will create an address to send your Bitcoin to. Be sure to send an amount of Bitcoin which is more than the ‘Deposit Min.’ and below the ‘Deposit Max.’ as displayed above the input fields.
It’s as easy as that!
If you are looking to minimize your fees, look no further than VME Exchange. We offer a low 0.25% fee on all transactions, no matter the currencies involved. With VME you are guaranteed fair prices to trade your coins.
How long does it take to receive my crypto?
It depends on exchange volume, but usually you should receive your crypto within a few minutes. During high-volume, this can take up to a few hours.