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How to exchange bitcoins for dollars or euros?

Dec. 28, 2020, 12:24 p.m.

Kryptex is a reliable mining service with an ecosystem that rewards you with Bitcoins for mining various altcoins. You can cash out your earnings in different ways: BTC, ETH, USDT, Volet, or even fiat to a card.

Kryptex is not an exchange; it does not directly convert cryptocurrency to fiat. Kryptex partners, who function as exchange banks, provide exchange rates and payment terms. Due to the lengthy chain of services and payment gateways, exchange rates or terms might not be favorable for you.

So, what's the solution? How can you cash out cryptocurrency to your bank card without incurring extra fees? Let's guide you through it in this article!

1. Use an Exchanger

Numerous cryptocurrency exchangers make it impossible to recommend a specific one. Exchange rates and terms are constantly fluctuating. We recommend using aggregator sites.

Aggregators monitor rates and exchange conditions, and vet user reviews, compile exchanger ratings, and present all this information in convenient lists. They're pretty handy!

Sometimes, exchangers impose a time limit on cryptocurrency transfers. We recommend withdrawing cryptocurrency from your wallet first and then to an exchange.

How to Select an Exchanger?

Here's a short list of aggregator sites that automatically gather information on all exchangers and aid in comparing them based on rating, rate, and payment terms

How to Use BestChange

  1. In the "Give" column, select the cryptocurrency you want to exchange; in the "Get" column, choose the currency you want to receive. For instance, if you wish to exchange USDT BEP20 for Dollars, Euros, etc.;

  2. BestChange will find the most suitable exchangers for you and arrange them by rate;

  3. Choose a convenient exchanger from the list with positive reviews, a suitable minimum exchange amount, and a favorable rate.

Note: Exchangers with higher ratings and lower minimum cryptocurrency exchange amounts usually offer lower exchange rates. It's not profitable to cash out small amounts.

Selecting the Best Exchanger for Dollars

Let's try exchanging dollars:

  1. In the "Give" column on the left, select "Tether BEP-20(USDT)", and on the right, in the "Get" column — dollars through a convenient payment system. For instance, let's exchange 30 USDT for dollars via PayPal.

  2. Click on the exchanger's name to proceed to the exchange. For example, let's choose the LeoExchange exchanger. Enter the amount, card number, full name, and email follow the instructions on the exchanger's website and click apply.

How long will it take for the money to arrive??

Kryptex sends cryptocurrency instantly. However, the blockchain requires time to confirm the transaction.

The confirmation speed depends on the transaction fee. The higher the fee, the faster the confirmation.

We aim for a minimum fee, so a Bitcoin transfer may take up to 24 hours to confirm. However, it is typically confirmed within 4-6 hours, depending on network congestion.

USDT payouts are much quicker and processed within minutes!

Most exchanges operate manually during business hours and on a first-come, first-served basis. The entire process may take from a few hours to several days. Detailed information is always available on the exchanger's website.

Exchangers fix the rate and conditions for 15-30 minutes. If the exchanger receives your cryptocurrency later, they will recalculate it at the new rate.

2. Deposit to the Exchange

Withdrawing to an exchange is an excellent method of earning money by trading for other cryptocurrencies and profiting from their fluctuating rates. Additionally, on exchanges, you can swap cryptocurrency for your local currency using P2P funds without fees.

A reliable exchange typically requires KYC identity verification. Exchanges collect your data (phone numbers, card numbers, and passport details) for your protection, as well as that of the exchangers and the exchange itself.

Here's a list of verified exchanges for exchanging cryptocurrency, along with instructions from the exchanges themselves on how to utilize P2P exchange on their platform:

3. Swap with a Friend

Sell to a friend! Let them ponder where to invest this cryptocurrency 🤷‍♀️

Just kidding!.. Or maybe not? Chances are you have friends who have been eager to invest in cryptocurrencies but need to know how. You can assist them, and they can help you 😁

Still Not Working? Seek Help! 🚑

Don't worry! Ask questions in our communities on Telegram — experienced Kryptex users are always ready to offer advice!

Or reach out to Kryptex support 💪

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