TFUEL to BTC: Swap Theta Fuel for Bitcoin, No KYC

Theta Network has a pair of native coins. THETA is the staking and governance coin, and TFUEL is the gas coin that pays for transactions and smart contracts. Staking THETA and running an edge node both pay rewards in TFUEL, so TFUEL tends to pile up in the wallets of people who keep a node running.

Swapping TFUEL to BTC turns those rewards into bitcoin held at your own address. You do it without an account, email or ID, and the BTC is sent on the Bitcoin network, not as a token on Theta.

Pick TFUEL, not THETA, in the box. Both coins sit at the same Theta address in your wallet, which makes it easy to choose the wrong one. If you want to move THETA instead, it has its own pair, THETA to BTC.

Only liquid TFUEL can be sent to the deposit address. TFUEL that is staked or locked in an edge node is not in your spendable balance, and the wallet will not let you send it. Unstake it first and wait until it shows as available in Theta Wallet.

When you send, do not empty the wallet. TFUEL is also the fee coin on Theta, so the transfer needs a little TFUEL on top of the amount you swap. Leave a small balance behind, and the wallet can cover it.

Theta produces blocks every few seconds, and the deposit is usually credited within a few minutes. You can follow it on Theta Explorer with the transaction hash your wallet shows after sending.

Your Theta Wallet shows a 0x address made of 40 hex characters after the prefix. That is the same shape as an Ethereum address, and it is the main source of confusion on this pair. The deposit must arrive as TFUEL on Theta Network itself.

If your TFUEL sits on an exchange, withdraw it to Theta Wallet first and pick Theta Network if a network choice is shown. Then send the deposit from Theta Wallet and enter that 0x address as the sender. A send from an exchange account comes from a shared address, and a refund to it may not be credited to you.

If a swap cannot be completed, the coins are refunded to the sender address you entered, so TFUEL goes back to that Theta address. That only works when the address is one you control.

Any of the four Bitcoin formats can receive the payout. Sparrow, Electrum and hardware wallets give a bc1 address by default, and that is the easiest choice. The last row is the trap: a 0x address from your Theta Wallet looks familiar but is not a Bitcoin address, and the form will not take it.

Copy the receive address straight from the Bitcoin wallet rather than from notes or an old message. After pasting, compare the first four and last four characters with the wallet screen. A one-character slip produces a different valid-looking string, and coins sent to it cannot be pulled back.

Two different speeds meet in this swap. The TFUEL deposit is credited in a few minutes, and most swaps finish within minutes after that. Bitcoin then confirms the payout in one to three blocks, at about 10 minutes per block on average, so most of the waiting happens on the Bitcoin side.

The exchange box shows the BTC you get after fees for the TFUEL you enter. It is quoted from aggregated liquidity from leading crypto markets, and the rate floats until your TFUEL deposit confirms. Because one TFUEL is worth a tiny fraction of a bitcoin, the BTC figure has many decimal places; read it carefully. The box also lists the minimum and maximum TFUEL per swap.

For the coin you receive, the Bitcoin price page has the live market price.

The swap ID opens a status page that follows the TFUEL deposit, the swap and the BTC payout. The deposit hash opens on Theta Explorer, and the payout transaction on mempool.space, where you can watch Bitcoin confirmations come in.

An unconfirmed BTC payout is normal in the first minutes after it is sent. It is waiting for the next Bitcoin block, and it does not mean the swap failed. Do not send TFUEL again because of it.

If Theta Explorer shows your deposit confirmed and the status page has not moved for a long time, email support@ghostswap.io with the swap ID and the Theta transaction hash. Keep both handy until the BTC has confirmed in your own wallet, then you can close the page.