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_archive/tf_tokens/wallet_operations/btc_withdrawal.md
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## Transfer BTC to another account
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At this point in time, [Cryptoanchor](https://cryptoanchor.io/), the issuer of the BTC trustline on the Stellar network, doesn't support sponsored transfers of tokens as implemented in the ThreeFold Connect app.
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BTCs can be withdrawn to another wallet using Interstellar (DEX owned by the issuer of BTC on the Stellar network).
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Here is how to do it:
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- First go to detailed info, and press show secret.
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- Copy this secret, you will need it later.
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- Navigate to [Interstellar Exchange](https://interstellar.exchange/app/#/), follow the steps and select “Enter account”
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- Choose a password and login
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- Select “Import” a single wallet, fill in the secret you copied earlier.
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- You will need a very small amount of XLM to execute this transaction ( 0.0001 ). If you don’t have this XLM or don’t know how to get it, please contact support on https://threefold.io/ with your public wallet address provided.
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Click `BTC` and select `Withdraw`.
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- Fill in the amount and Bitcoin address you want to withdraw it to. Keep in mind there is a transaction fee, the site might adjust the amount if you don’t have enough in your account to cover both the amount + fee.
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- Confirm the transaction.
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### IMPORTANT NOTES
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> **ThreeFold or no-one else has any access to or maintain records of your private key or seed phrase. It is your personal responsibility to keep your 24-word private key in a safe place. The seed phrase is your only "key" to your wallet and digital assets and the ThreeFold team won't be able to assist you. Please store it securely offline.**
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> **Do not share your private key with anyone, it is strictly personal. Losing your private key means losing access to your wallet and all your [TFTs](/tokens/threefold_token).**
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> **Anybody with access to your private key can take ownership of your ThreeFold Connect wallet and [TFTs](/tokens/threefold_token)**
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> **To access your wallet from another wallet (on another phone or online) you will need your private key (seed), without this private key your account cannot be recovered on another device or online wallet.**
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# Exchange BTC into TFT using ThreeFold Connect App
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ThreeFold Tokens can be directly bought in [ThreeFold Connect](threefold_connect) mobile wallet using Bitcoin (BTC).
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## Steps
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### Activate your BTC wallet in the ThreeFold Connect App
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Click the `ACTIVATE` button, agree with the Terms and Conditions, and confirm the activation on the next screen.
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> Note: The BTC that can be exchanged with TFT has a trustline on Stellar issued by [CryptoAnchor](https://cryptoanchor.io/). By trading BTC on the Stellar network, you agree to the the terms and conditions of CryptoAnchor around the custody of these BTCs. Threefold is not liable for the exchange of BTC to TFT and vice versa.
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### Deposit BTC
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Once activated, your wallet address is ready to hold BTC.
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The address is the same as the one holding TFT and can be copied into memory by clicking in the upper right corner of the wallet bar in the Info Tab.
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An alternative way to copy the content of the address to deposit BTC is by creating a QR code holding the address.
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### Exchange BTC into TFT
|
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Once you have BTC available in your wallet, you can use it to create a TFT buying order, which will be launched on the Stellar DEX.
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These buying orders will be executed immediately after submission, under the conditions that the price criteria is met. A trade order will lead to buying TFTs against the cheapest available price.
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> Note: At that point, do not decrease the price of the token, as this will lead to a non-fulfilled order and your wallet will 'spin' eternally.
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Increasing the price can be done without risk, as the cheapest orders on the Stellar DEX are always the first ones to be used for.
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It is very probable that the price you pay for a TFT is less than indicated.
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You can find the buy option in the TFT wallet, option `TRADE BTC TO TFT >`:
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In this screen, you can launch a trade to exchange BTC into TFT for the requested amount and maximum price.
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Confirm your buy order and then wait for execution of it in your wallet.
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The trade is executed in chunks, similarly to how trading bots operate. The size of each trade order is normally limited to a split of max 20 pieces.
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ThreeFold's ecosystem will try guarantee liquidity on the underlying exchange.
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Once trades have been executed, they appear in the trading history.
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### Transfer BTC to another account
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||||
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The BTC that are residing in your wallet in the ThreeFold Connect app can be transferred to any other bitcoin wallet.
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For more info on how to do it, read [here](btc_withdrawal).
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# BTC Asset on ThreeFold Connect Wallet
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The ThreeFold Connect wallet now allows you to buy TFTs using Bitcoin. (BTC Asset)
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### The Purpose of 'BTC Asset' on ThreeFold Connect Wallet
|
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The purpose of activating and having BTC Asset on your ThreeFold Connect Wallet is to make it easier for you as TFT Holder to gain more TFT by depositing BTC into the wallet and trading it into TFT Asset.
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### The Technology Behind BTC-TFT Asset Trades
|
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|
||||
BTC Asset represents Bitcoin bridged to the Stellar Blockchain. For more information, please check [cryptoanchor.io](https://cryptoanchor.io).
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### Withdrawing your BTC Asset
|
||||
|
||||
Withdrawing BTC from the Stellar network comes with transaction fees which are defined by Cryptoanchor. None of the ThreeFold organisations intervenes in this transaction, and ThreeFold has no liability when it comes to holding BTC on the Stellar network.
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The bridging process invokes additional transaction fees from the Bitcoin network. Thus, the fees for withdrawals will likely be higher than for a regular BTC transaction. **Please keep in mind that ThreeFold has no commercial or cooperative relationship with CryptoAnchor.**
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### Reminder of our T&C
|
||||
|
||||
As a wallet holder, you are the only person that has access to the private keys allowing to generate transactions on the blockchain network. ThreeFold is unable to help you out in case you lose these private keys. Please don't share the app seed phrase nor the Stellar secret of your wallet with anyone. Make a secure backup of them so that you are able to recover your wallet on another device in case your device gets lost or stops functioning. Please read our [terms & conditions](legal:terms_conditions_griduser) to understand further about the liability circumstances of ThreeFold Grid Products and Services users.
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## Manuals
|
||||
|
||||
For converting BTC into TFT please read [here](threefold_connect_btc).
|
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|
||||
For transferring BTC into another wallet, please read [here](btc_withdrawal).
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