With the appearance of a new payment instrument in the form of a cryptocurrency, it became necessary to convert it. Special exchangers have been created to solve this problem, with which you can exchange bitcoins for a different national currency or another cryptocurrency.
There are online and offline cryptocurrency exchangers. An integral part of their work is the commission, which on different exchange services may differ significantly, but on average is 4-5% of the transaction amount. This indicator depends on which exchange (BTC e, Bitstamp or others) takes one or another exchanger as the basis for determining the exchange rate, since the quotes for them differ.
As the name implies, online exchangers make bitcoin exchange transactions exclusively via the Internet. Using online exchangers, a user can quickly transfer a cryptocurrency in any national currency with the withdrawal of the amount to a specified bank card or account. It is also often possible to exchange Webmoney, QIWi and other well-known payment systems for virtual money.
Offline exchangers work just like ordinary currency exchange offices, where you can sell bitcoin for cash, but with some reservations. Existing offline exchange services involve interaction with the client via the Internet, and their difference from online services is that the client immediately receives cash as a result, without transferring money to a bank card or a purse of the payment system.
The exchange mechanism in the offline exchanger is built as follows. A person who wants to sell Bitcoin transfers the cryptocurrency to the wallet of the exchanger through the online service https //localbitcoins.com/. At the point of exchange register the transaction, fix the course and make an application. Next, the client comes to the institution of offline Bitcoin exchange, in which the application is issued, and calls its number, and the cashier issues him cash. The only drawback of such exchange points is their rarity, they are found only in big cities and not in all countries. Such exchangers are well suited for operations with large amounts, since the exchange itself, as a rule, takes place indoors behind an armored door. Also, the service of money delivery by courier to a specified place is often offered.
Be careful at working with an unknown exchanger. Before exchanging, track how the service works. If it is unavailable at some time or there are interruptions in work, then feel free to choose another one. Do not forget to immediately negotiate the transaction commission, if it is not listed on the site. It is best to start the exchange with small amounts to ensure the reliability of the selected service.
Usually, the exchange of funds (both sales and purchases) through online services provides for filling in special questionnaire forms, where first you choose the sale currency, then the purchase currency. After that, enter the addresses of the respective wallets and contact information. E-mail addresses are usually sufficient, but some exchange services may require photographs of you against the background of the exchanger site and your documents in expanded form for verification. Next, the application is assigned a number, and it begins to be processed. On some exchangers, for example, at https //24xbtc.com/ you can enter the application number and see its status. It is important to carefully read the rules of exchange to know what to expect.
Do not forget that the exchange operations are relatively slow, it can take from a couple of minutes to several hours. The speed depends on the workload of the service.
Today, there are many online resources that provide the ability to exchange bitcoins. Among them are two main categories – exchangers and stock exchanges. The main difference between the online exchanger and the exchange is that the last can be used to find a more profitable exchange rate and the former should be chosen if the speed of the operation is important. Exchange service is always based on the exchange rate of any exchange. The rest of the mechanisms are similar.
Each exchanger has its own specifics. One works only with virtual payment systems, the other with the withdrawal of funds on a bank card. Due to the changing course, choosing one exchange service for a long time will not work, because after some time it will be more profitable to use another online exchanger.
Among the online services that provide bitcoin exchange services, the https //24xbtc.com/ exchanger is worth noting, which has a simple and intuitive design, a clear tariff system and currency limits in reserve. The course is determined on the basis of data from the Bitstamp exchange. This exchanger charges a fee of 5%, with a minimum commission amount of $ 5, which is indicated on the service website.
Another well-known and reliable online exchanger is called https //xchange.cash/. Transactions are made as easily, safely and anonymously. You can not only exchange cryptocurrencies on this site, but also look at currency reserves, leave feedback, and also find out the latest news about Bitcoin currency. The service is easy to access in nine languages. The client pays the commission only for the one that is charged for including the transaction in the block (the commission of the bitcoin network), and can choose its amount by a special link on the website. The faster you need to make an exchange the more important it makes sense to choose. This increases the priority of the transaction, i.e. raises it in the queue in the Bitcoin network, whose work is often associated with delays in conducting transactions. Typically, the commission amount ranges from 0.0002483 BTC to 0.0013 BTC, which is equal to the range from 78 rubles. up to 410 rubles at the current rate.
Another convenient service for buying and selling bitcoins is the exchange of the exchanger https //localbitcoins.com/, which also provides support for the Russian language. It is credible that the site acts as a guarantor of a fair transaction, using the possibility of depositing (receiving for storage) bitcoins from the seller’s account. The site has a large selection of options for exchanging bitcoins, which makes it one of the best in this area. The commission here is not taken for the purchase / sale of cryptocurrency, but for the creation of an exchange announcement. The announcement is created by a registered customer. It indicates the seller or buyer, which currency the person sells or buys and which payment method he prefers. After making a purchase / sale placed the ad pays 1% of the transaction.
The Lykke Wallet service (https //www.lykke.com) serves a wallet and a bitcoin exchange service for other cryptocurrencies. The service uses blockchain technology and even has its own cryptocurrency. It works like a regular application for iOS or Android, in whichnthere is no support for the Russian language. The procedure for creating an account here is somewhat more complicated and involves the identification of a person through a photo with documents. This exchanger does not charge a commission.
Online exchangers usually work in manual mode and are associated with the work of the operator. The client transfers the money to the operator’s details, and the last checks the transaction and manually transfers the funds to the client’s account. However, some exchangers on the Internet (for example, https //www.alfacashier.com/ru/auto exchange) allow you to convert cryptocurrency in the “Autoexchange” mode, which allows you to perform operations in automatic mode. The algorithm consists of such actions.
The commission of such an exchanger is calculated according to the principle of priority, like https //xchange.cash/, and you can find out the optimal value during the exchange process on the online service itself. Then this value will need to be entered in your wallet before sending bitcoins.
Should you use this opportunity decide on the basis of the values of the rate of the selected exchanger. If it suits you and you need to perform a lot of operations in a small amount of time, it means that such a function will be necessary. The choice of exchange mode does not affect the rate at which the operation is made, since in fair exchangers it is fixed and tied to the exchange.
Observing the cryptocurrency purchase / sale exchanges will help determine where it is most advantageous to make an exchange, since the exchange rate differs from one exchange to another. This makes it possible to choose an exchanger that focuses on the exchange with a high rate in order to more profitably exchange bitcoins. Such exchanges include the already mentioned BitStamp (https //www.bitstamp.net/), as well as Bitfinex (https //www.bitfinex.com/), Poloniex (https //poloniex.com/) and others.
Another website for tracking the bitcoin exchange rate is https //bitinfocharts.com/ru/bitcoin/. Data is shown here from several exchanges, taking into account the total number of currently available bitcoins. The main thing is that you can immediately compare and understand which course is more profitable for you.
The above mentioned site https //www.bestchange.ru/ will help to significantly simplify the task of choosing a profitable Bitcoin exchanger. Here you can immediately see the currency reserve in one or another exchanger, as well as reviews about it – positive (indicated by a green number) and negative (indicated by a red number). Data is updated in just a few seconds, so the information is always up to date.
Thus, it is quite easy to choose a cryptocurrency exchange service, if you pay attention to these recommendations and do not rush. Do not spare the time to search for a reliable exchanger to protect yourself from the loss of electronic means, which in such cases will be extremely difficult to return.