Kuyumcu is a cryptocurrency swap service. It allows you to exchange USDC (on Polygon Network) to Banano and vice-versa. The
balance will be available in your wallet instantly.
Currently, the following limits per transaction apply:
For buying
USDC: Minimum amount is 10 Banano. Maximum amount depends on the
current USDC balance of Kuyumcu.
For selling USDC: Minimum amount is 1 USDC. Maximum amount depends on
the current Banano balance of Kuyumcu.
If you're selling USDC, there's a gas fee of the Polygon network which can
cost a few cents. Other than that, there are no fees. Transactions are carried out at the current
exchange rate of Kuyumcu, which can be seen on the buy/sell buttons and on the deposit page.
First of all, remember to store your seed in a safe place so that you can switch
between wallets when there's a problem with the wallet or device you're using.
For Banano on mobile, use Kalium from App Store/Google Play. On web, you can use TheBananoStand.
For USDC, MetaMask for web and Trust Wallet for mobile
can be used as a wallet. You can find the network details on the question below.
To get Banano in exchange for USDC, you will need a
Banano address where the bought Banano amount will be sent to. If you don't have
one, you can create a Banano address from a number of different services, for example with
TheBananoStand. Also, you will need an
Ethereum wallet (on the Polygon network) with USDC balance, you can use your MetaMask
wallet.
On the Kuyumcu main page, click the "BUY Banano" button.
Enter your Banano address that you want to receive coins to, and enter a
USDC refund address, then click the "Continue" button.
You will be shown a USDC address. From your wallet, send the USDC amount
that you want to sell. The amount you send must be between the specified minimum and maximum
amounts.
Press the "Submit" button to finalize the transaction.
On the final screen, you will see the USDC amount you've bought and the exchange
rate. You can click the "Transaction" link to see the transaction on the blockchain.
To get USDC in exchange for Banano, you will need an Ethereum
wallet that is on the Polygon network, where the bought USDC amount will be sent to. If you
don't have an address, you can create an Ethereum address from a number of different services, for
example with
MetaMask.
Also, you will need a Banano address with Banano balance.
On the Kuyumcu main page, click the "SELL Banano" button.
Enter your USDC address that you want to receive coins to, and enter a
Banano refund address, then click the "Continue" button.
You will be shown a Banano address. From your Banano wallet, send a
Banano amount that you want to exchange with USDC. The amount you send
must be between the specified minimum and maximum amounts.
Press the "Submit" button to finalize the transaction.
On the final screen, you will see the USDC amount you've bought and the exchange
rate. You can click the "Transaction" link to see the transaction on the blockchain.
Yes! You can access it using the /api URL. You can see a simple
example Python code that get prices using the API and automates Kuyumcu transactions here: github.com/nano-trade/API.