The phenomenon of Bitcoin’s high price surprises many financiers and causes great joy among BTC owners, especially during the growth period. But there is also a “downside” – these are risks. Money always attracts scammers, especially large sums. The historical maximum of the BTC to USD exchange rate is 1:76 412 – this is a fortune for most. It is logical that the owners of “digital gold” are concerned about the question: how to exchange Bitcoin for money safely?
The main aspects of safe exchange of BTC for USD
The key aspect of the security of Bitcoin exchange is entering into a transaction with a reliable and proven counterparty. Specialized exchange resources, whose reputation can be verified, are suitable for it. Licensed crypto exchanges, certified electronic exchangers on the site www.bestchange.ru/list.html are services with controlled activities and area of responsibility. Private money changers are individuals whose honesty and reliability are not guaranteed in any way.
The next aspect of security is the clarity of cooperation, transparency of the process and speed of transactions. The exchange of Bitcoins for dollars should be carried out on clear terms:
- a specific rate;
- clearly announced commissions;
- absence of confusing schemes (for example, for different amounts – separately set rates).
The dynamism of the cryptocurrency market requires the speed of financial transactions. Bitcoin has repeatedly demonstrated the ability of the rate to collapse rapidly. Delaying the transaction can lead to financial losses. Therefore, before transferring Bitcoins to dollars, it is recommended to fix an agreement on a specific rate.
How to find a trusted exchange resource?
You can exchange Bitcoins for fiat cryptocurrencies on a cryptocurrency exchange or in an electronic exchanger. The first platforms are designed for active trading, and the second – for periodic individual and quick transactions. There are fewer crypto exchanges, the names of the leading ones are always on the lips of Internet investors, and there are thousands of electronic exchangers, and it is more difficult to choose.
Searching for a reliable exchanger on your own is long and tedious. It is easier to use the services of www.bestchange.ru – a platform for monitoring exchange offices. It contains up-to-date information on resources that are actually functioning. Each service gets into the rating only after being checked by the security system of the monitoring portal. All those that the aggregator offers for exchanging BTC – USD are guaranteed to be safe.
Recommendations from experienced traders and miners for safe exchange
To make a safe exchange of Bitcoin for dollars:
- use proven platforms (exchanges, exchangers, P2P platforms with a positive reputation);
- do not disclose personal data and do not transfer information about your transactions;
- take care of your account by enabling two-factor authentication so that no one else can access your digital money;
- avoid communicating on Internet platforms and forums with suspicious counterparties;
- when choosing an exchange service, inquire about its registration details, length of service, available currency reserves, and reviews.
Caution and the information provided above will help to secure the exchange of Bitcoins for fiat money.
