How to exchange bitcoins for dollars or euros?
How to exchange bitcoins for dollars, euros, liras?
It's 2023, and you still can't buy coffee with bitcoins, so you have to change digital cryptocurrency into fiat — money accepted in stores.
You can exchange through an exchanger, play on a market, or exchange with a friend 🤑 We are telling about the pitfalls and sharing our experiences!
1. Use an exchanger
There are countless exchange services, and there is no way to recommend a particular one — the exchange rates and conditions are constantly changing. So use sites that monitor all the rates for you and show exchangers with a handy list with reviews.
How to find a reliable exchanger quickly?
Use an exchanger aggregator!
BestChange.com — automatically collects information on all the exchangers on its website and will help you compare them to each other in terms of rating and exchange rates.
How BestChange works:
- You choose what you want to exchange to;
- BestChange selects the most suitable exchangers for you and sorts them out by rate;
- Select a convenient exchanger with positive references and a favorable rate.
👉🏻 Exchange bitcoins for dollars, euros, yuans in any payment systems: QIWI, WebMoney, Payeer, PayPal, bank cards Visa, MasterCard, Privat24, and others.
Selecting the best exchanger
Choose "Bitcoin (BTC)" in the left column "Give" and in the right column "Get" — any currency in a convenient payment system.
For example, let's exchange 0,0015BTC for dollars to Bankcard. That's about 90$.
- The second and third exchangers only accept from 0.002BTC, which is more than we have.
- BlaBlaMoney fits, but it hasn't any reviews. Just in case, let's pass it by.
- Paytiz fits perfectly! It has a lot of positive reviews and sufficient reserve in dollars — you can use it!
Click on the name of the exchanger to go directly to the exchange. This is where the services of the BestChange aggregator end. Next, you go to the site of the exchanger, and it starts...
Working with the exchanger
The sites of exchangers differ from each other, but the basic principle is always the same:
- Leave your email address. You will receive a link to track the status of the exchange;
- Enter the number of your card or wallet, which will receive the money;
- Specify the amount in bitcoins you want to send;
- The service will generate a bitcoin wallet to send the bitcoins to;
- Send bitcoins from your account in Kryptex to the specified wallet;
- Wait for the money 🤑
The exchanger fixes the rate and conditions for a while. Then, you transfer bitcoins to the exchanger, and the exchanger transfers dollars or euros to you.
Do not forget to take into account the reserves of exchangers and the minimum amount for the exchange.
How long will the money go?
Kryptex sends bitcoins instantly. But after sending, the blockchain needs time to confirm the transaction. The speed of confirmation depends on the commission — the higher it is, the faster the confirmation. We aim for a minimal fee so that the transfer can be confirmed for a whole day, but usually, it is confirmed in 4-6 hours. But, of course, it all depends on network load and luck.
As for the exchange — most exchangers work in manual mode within the working hours and only on a first-come, first-served basis. The entire process can take from a couple of hours to several days. Detailed information can always be found on the exchanger's website.
Usually, exchangers fix the rate and conditions for 15-30 minutes. If the exchanger receives your bitcoins later, he will recalculate the amount at the new rate.
2. Withdraw to the stock exchange
Withdrawing to the stock exchange — a great way to make money from buying other cryptocurrencies and their rate hikes.
The pitfalls:
- Exchanges may require verification (confirmation of your identity) to deposit and withdraw fiat money (dollars or euros). The process takes from one week to one month;
- Exchanges have a minimum amount for the deposit. If you send less than this value — the exchanger will appropriate the money to itself;
- Complicated interface for newbies; Exchanging bitcoins for rubles through the exchange, like poking nails with a microscope — possible but not optimal.
Advantages:
- More favorable rates than on exchanges;
- The ability to quickly buy other cryptocurrencies;
- Opportunity to earn (or lose) on speculation.
3. Withdraw to Advcash
Advcash has Crypto savings wallets where you can withdraw your bitcoins. To do this:
- Click "deposit" on add wallet page;
- Select funding type "from crypto wallet";
- Click continue;
- Send bitcoins from your account in Kryptex to the specified wallet;
- Click the "I have paid" button.
Done! Now you need to wait a bit. It can take up to a day, but in most cases, withdrawal happens faster. As the bitcoins arrive, you exchange them to your wallet such:
- U — Dollars
- E — Euros
- G — Pound Sterlings
- B — Reals
- L — Liras
Then you withdraw your money to your bank card.
4. Exchange with a friend
Sell to a friend! Let him think now about where to spend these bitcoins. 🤷♀️
Joke!.. Or not? Probably you have friends who have wanted to buy cryptocurrencies for a long time but don't know how to do it. You help them, and they help you 😁
Need help? Ask Kryptex! 🚑
No worries! Ask questions on Reddit communities - experienced Kryptex users always help with advice!
Or write to Kryptex support service 💪
- On the site;
- Directly to email support@kryptex.com;
- In your personal message on telegram.
