With the growth of the cryptocurrency industry and the emergence of many digital assets, there is a huge demand for exchange services. Let’s consider the most popular crypto exchanges, their functions, and their differences from each other.
Choosing a cryptocurrency exchanger
The network has a large selection of cryptocurrency exchange services. Sometimes, under the guise of exchangers, you can find fraudulent sites that receive users’ money and hide with them. There are a number of indicators by which you can determine the honesty and cleanliness of the service before using an eth to tfuel converter.
When choosing, users need to pay attention to the following points:
- Duration of work on the market. How long an exchanger has been on the market can be the main indicator of its reliability. There are services that carry out operations for 5-8 years. They definitely do not have to be afraid of disappearing with users’ money. Any cryptocurrency rating takes this indicator into account and places old exchangers in high places.
- Reviews. There are a lot of resources on the network that monitor the work of exchangers and collect feedback from their users. A significant predominance of positive reviews over negative ones may indicate the decency of the service and the fact that customers are satisfied with its work.
- Reserves. The best cryptocurrency exchangers store large amounts of money in reserves, which speaks not only of the seriousness of the work but also of the willingness to serve customers with large volumes of transactions.
- Support. In the course of the exchange, users regularly have questions about the work or delays of operations. Willingness to quickly solve problems speaks of respect for the service to customers. You can also learn about the nuances of the support service from customer reviews.
How to choose the best cryptocurrency exchange rate
To find the best exchange rate, you can use the BestChange rate monitoring service. For this, the required exchange direction is selected, after which the exchangers with the most favorable rates will be shown. In total, about 200 exchange sites are presented on this service. Among them, there are both those that work with cryptocurrencies and sites specializing in other assets. Users who do not find the required cryptocurrency at a suitable price can leave applications for the desired course.
When the quotes of any of the exchangers reach the specified mark, BestChange will notify the user that the exchange has become available. In the “statistics” section, the history of courses is indicated and you can understand whether it is worth waiting for the achievement of the desired mark. There is also a rating of cryptocurrencies by popularity. If the direction requested by the user does not exist, then you can work through the “Double exchange” option. Then one “transit” currency will appear in the transaction, through which it will be possible to receive the desired asset.
Cryptocurrency exchanges
The most favorable exchange rates can be found on cryptocurrency exchanges. At the same time, they require more complex registration and identity verification. Not every exchange works with traditional money and will agree to make a withdrawal to a bank card or a payment system like Qiwi. The most popular is the Exmo exchange. You can also use:
- YoBit;
- LiveCoin.
Exmo works with a large number of payment systems, including WebMoney. Withdrawal from it can take up to 3 days, but most often the money comes within 2 hours. The advantage of the exchange is that it supports many more cryptocurrencies than any exchanger will offer.
