Bitcoin cryptocurrency is ahead of other digital assets in many respects, which is why many people are interested in buying it. You can use different fiat currencies and tokens, including Monero, to purchase it. There is a reliable aggregator that helps to exchange XMR to BTC through services with a good reputation and favorable conditions. But only in practice, transactions do not always happen according to the planned scenario.

What are the main reasons for unsuccessful XMR to BTC exchange?

Ideally, the process of exchanging Monero cryptocurrency to Bitcoin should be fast and simple. But reality makes its own adjustments, and many users have to face difficulties. Let’s take a look at the main problems that prevent successful transactions:

1. Fraudulent schemes. The most popular option is the imitation of an exchange, P2P service or exchanger. A visitor to the platform enters the wallet number and gives access to scammers who steal XMR and do not credit BTC.
2. Exorbitant and hidden commissions. Such a problem occurs when using exchanges that do not always provide transparent conditions, and also take an exorbitant fee for services.
3. Delays in transfers. For many people it is critically important to make a transaction in a minimum amount of time, otherwise they will not be able to receive the benefit or make a payment.
4. Excessive demands on users who exchange Monero (XMR) for Bitcoin. It is not pleasant to get rejected at the last moment due to lack of verified profile on the site.
5. Errors in the process of filling out the virtual application. It is the user who is responsible for the correctness of the data entered. It should be understood that money sent by mistake to someone else’s account is extremely difficult to return, so it is necessary to check each entered digit 2-3 times.

You can protect yourself from financial losses, worries and long waiting time by using online exchangers. Such services do not provide verification and registration, immediately indicate the size of the commission and have a stock of crypto for transactions for different amounts.

Recommendations on how to act in case of a failed transaction

Given that the distinctive feature of Monero is the confidentiality of payments, do not expect a quick resolution of the situation. Although much depends on the nature of the problem and the reason for its occurrence:

1. First open the e-wallet and in history see that the coins were sent, and the operation was confirmed. In parallel, you need to make sure through the blockchain browser that Bitcoin (BTC) was sent.
2. Find tech support contacts and contact them via mail, chat or phone.
3. Think about possible reasons for delays and wait a bit. Sometimes Monero requires up to 10 confirmations, so the transfer process stretches for 1.5-2 hours.
4. Send a complaint if you have become a victim of scammers.

Using arbitrage is possible only in the case of transferring Monero (XMR) to BTC via exchanges and P2P platforms. If you use exchangers, you shouldn’t take risks for nothing – use only really reliable platforms.