After restrictions on currency storage began to be introduced, many decided that it was more profitable to buy coins at exchangers. This transaction takes place as quickly as possible, profitably, but not everyone decides to take this step. The exchanger is interesting because the conditions here are as simple as possible, the transaction takes only a few minutes.
Special Nuances of Cryptocurrency Exchange
All that is necessary is to enter certain data, wait for the course to appear, and make a request for payment, you can exchange xlm to btc without making any effort. Thus, you get an instant money transfer, you no longer have to wait about 5 days, as transactions in banks often require. When choosing cryptocurrency exchangers, you should be guided by a number of factors, it is important that the exchanger offers ideal conditions. The exchange of cryptocurrencies for one another is always available. In some cases, exchangers send transfers directly to a bank card, to a virtual wallet without the participation of intermediaries. They offer favorable rates compared to exchanges.
When choosing an exchanger, several factors should be taken into account at once, including:
- payment method;
- transfer speed;
- transfer volume;
- types of cryptocurrency;
First of all, pay attention to the transfer method, most often payment is made using a bank card. In some cases, the exchanger may require the use of a certain bank. The most common option is virtual wallets. You can easily transfer money from a crypto currency wallet to a virtual one, but there is no such function on the wallets themselves, so they use a special exchanger for this.
Advantages of Cryptocurrency Exchange
You can find exchangers that work with cash, but they are very rare, as for the commission, they undertake the transfer of some, indicate that they charge 0%, and the platform commission is included in the course itself. Commission is a fixed rate or a percentage of the total amount. If you have a small transfer, then a fixed option will not suit you, it is better to choose the one that depends on the amount.
The transfer speed is different, each exchanger sets its own deadlines, but most often it is no more than an hour, just a few minutes. Some exchangers guarantee that the transfer will be carried out in just 5 minutes, for some the process may take an hour. As for the volume of the transfer, most platforms have an excellent reserve of money, they have a reserve and they are ready to carry out transactions at any time.