Tips: How to choose best crypto converter

Tips: How to choose best crypto converter

There are many ways to buy cryptocurrency now. This is mining, buying on an exchange, or purchasing directly from other owners. Sooner or later, the moment comes when it becomes necessary to use cryptocurrency exchangers to exchange fiduciary money – the usual rubles, euros or dollars.

This is primarily due to the fact that world currencies have the greatest liquidity.

Anonymous Cryptocurrency exchangers are online services that convert currencies in a given direction. Their priority over other methods of “cashing out” virtual money is simplicity and efficiency. In most cases, users do not need to verify their identity or even register to perform a transaction. They can also exchange currency at any time of the day.
Various types of cryptocurrencies are converted into money on the account of a particular bank, electronic payment system, and even cash. However, all cryptocurrency exchangers take a certain share of the payment as a reward for the transaction – a commission. Now there is a huge selection of exchangers, including those that work with virtual money.

How to exchange cryptocurrency for money on the Internet
The main methods of selling and buying cryptocurrencies include:

• Exchangers. Services offering a wide range of payment directions, including cryptocurrencies, bank cards, electronic payment systems, mobile operators and, in some cases, even cash. They work without verification and do not impose practically any requirements on the user.

Anonymous Cryptocurrency exchange. They can be centralized and decentralized, but only the former support withdrawal to fiat. The downside is that to work with cards and payment systems, cryptocurrency exchanges usually require identity verification, so this option may not be suitable for those who want to trade anonymously.

Peer-to-peer exchange sites. p2p exchanges provide an opportunity to buy and sell anonymously and without intermediaries. Users exchange assets directly with each other, and in order to make the transaction safe, the sites support a special escrow mechanism. He keeps the cryptocurrency in a separate escrow account until the application is paid.

Of the most popular monitoring services (free, of course), the following can be distinguished:

• KursEkspert – large monitoring with a large base of exchangers.

• BestChange is the oldest monitoring service.

• OkChanger is also a fairly large monitoring service, though not as popular as the first one. However, it will allow it to be supplemented very cool to obtain more or less balanced information. The principle of operation is very similar to the previous service.

The above monitoring services differ from their other competitors in the completeness and more or less high reliability of information. Once again, I draw your attention to the fact that it is better not to rely on one of them, but to monitor all three.

Advantages and disadvantages of exchangers
Anonymous Cryptocurrency exchangers are a fairly fast and secure way to exchange cryptocurrencies for real money or vice versa.

For example, let’s take one promoted exchanger called “xchange”. In general, this is an even less sparing exchanger, compared to some others. Let’s start with the pros of xchange (fortunately there are):

1. Huge selection of payment systems for exchange. You can directly transfer money to a Sberbank card, or qiwi.

Relative convenience, to exchange cryptocurrency, you need to use almost only one service (in our case, it is xchange).

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.