From private to the public: Navigation of Fiat conversion for Monero and Zcash
In the world of cryptocurrencies, safety is paramount. Two popular cryptocurrencies that rely on advanced cryptographic techniques are Monero (XMR) and ZCASH (ZCAS). Both use a private key system to secure transactions, but have clear differences in the conversion process from private keys owners to public visibility. In this article, we will review the steps associated with the transformation of your private keys Monero or Zcash into a publicly visible address.
Why do private keys transfer?
Before you immerse yourself in a steamed conversion of Fiat, it is essential to understand why you should need it. Some reasons include:
1.
- Security : Fiat Conversion allows you to share your private key with trustworthy individuals or organizations, providing another safety layer.
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Market control : In cases where market volatility affects the value of cryptomena, knowing your private key can help you maintain control over your assets.
Monero’s private keys conversion
Monero uses the “Coinjoin” system that allows multiple users to raise their funds and send them together using Monero-Wallet. If you have multiple addresses Monero and want to transfer one to a publicly visible address, here is the way:
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- Rate a private key : generate a new private key for the specific Monero address you want to convert.
- Copy and insert a private key : Copy the generated private key and put it in our Fiat conversion tool.
- Enter a private key : Enter the copied private key in our tool and replace the “1234567890ABCDEF” output symbol for your real private key.
- Get a public address
: Fiat Conversion will generate a new Monero public address corresponding to the converted private key.
Conversion of private keys zcash
ZCASH uses a turnkey expenditure system that allows users to divide their transactions into smaller pieces and redistribute them among multiple addresses using Zcash-Wallet. If you have multiple zcash addresses and want to transfer one to a publicly visible address, follow these steps:
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- Generate a private key : generate a new private key for the particular zcash address you want to convert.
- Copy and insert a private key : Copy the generated private key and put it in our Fiat conversion tool.
- Enter a private key : Enter the copied private key in our tool and replace the “1234567890ABCDEF” output symbol for your real private key.
- Get a public address : Fiat Conversion will generate a new ZCASH public address corresponding to the converted private key.
Fees and considerations
When converting private keys Monero or Zcash, you will have to pay a small fee for this service in exchange. These fees may range from 1 to 5% of the quantity of transactions, depending on the conversion process that uses the Fiat conversion tool.
In addition, remember that conversion Fiat may not be reversible and there is always a risk of losing a private key due to technical problems or other factors. However, you can increase transparency, safety and control over your cryptocurrencies by performing private keys or zcash to public addresses.
Conclusion
The conversion of your private keys Monero or Zcash is a necessary step in navigating after conversion of the conversion of the Fiat currency. You can unlock new levels of transparency, security and visibility of the market for your cryptomenic assets with the procedure of these steps and paying a small service fee.