Cryptocurrencies experienced a real boom in 2017 and caused a huge hype around them. This, on the one hand, has encouraged entrepreneurs around the world to develop crypto projects aimed at facilitating user interaction with cryptocurrencies. But on the other hand, such a hype has attracted a lot of scammers who seek to get the money of unscrupulous users by illegal means. We will tell you how to choose a reliable crypto exchange platform if you are interested in buying and selling bitcoin or other cryptocurrencies.
Signs of a secure exchange
Before determining which bitcoin exchanges are reliable and choosing the right service, you need to identify the key reliability criteria. Among them are:
– Legality. This is an optional point, but it is still very important. This is a dual indicator, since legality and anonymity are usually incompatible parameters. Therefore, the significance of the criteria depends on the individual preferences of the buyer. If you want to maintain complete confidentiality, then use verified exchange platforms without obligatory KYC procedure. But if your financial and legal security is above all else, then choose legalized and regulated crypto exchanges.
– Availability. “Shady” exchanges can either provide services for too limited a number of users, for example, within a specific country or a certain zone, or they are completely blocked in some regions.
– Support of the main payment methods. Pay attention not to the quantity of methods but the quality. Make sure that the service supports not only cryptocurrencies and electronic payment systems such as Skrill, Perfect Money or Payeer. It should support at least one of the following methods: credit cards, PayPal, Advanced Cash, or bank transfers.
– Reputation. It’s no secret what role reputation plays in our lives. One significant failure can cause a serious blow to the company’s reputation. And if the faliure repeats itself from time to time, the service will inevitably crash. Therefore, you should choose sites that exist for at least six months or a year and have collected a sufficient number of positive user reviews.
– Speed. Another important selection criteria. A good service should transfer funds within 15 minutes, or better yet, instantly. The faster the platform transfers money, the more reliable the exchange platform is. If you see hat users often complain about transaction delays, think three times before using this crypto exchange.
– Cryptocurrency exchange rate. For those who want to buy bitcoin (or sell it), the exchange rate will be an equally important criteria. The more popular the exchange platform is, the lower the purchase/sale rate is, at least in most cases. Large exchange platforms may offer low fees, because due to the large monetary turnover, their profit remains high even with small fees. But it still depends on the method of exchange. For example, bank transfers themselves are accompanied by fees, so the rate will be much higher.
– Quality of support. If you doubt the security of the exchange platform, then check how the support works. Try to evaluate how quickly operators respond and how much they try help you to solve issues. Some services only work through the ticket system and email, so the optimal response time for these methods is within 1-2 hours.
Where to buy and sell bitcoin
Bitcoin purchase is most profitable on crypto exchanges, because they offer the lowest rate. This method is less convenient and will also be accompanied by costs, since you must first top up the balance to purchase, but not all exchanges support fiat, and cryptocurrency exchanges charge a fee for making a deposit. Therefore, when buying, calculate the cost to determine where you can buy cryptocurrency low indeed. After that, decide which method to use – more convenient or more profitable one.
If you want to know how to sell bitcoin and get a profit, then the opposite is true: you should be guided by the highest possible price of the cryptocurrency. Much depends on the payment method. Most exchange platforms use bank cards and payment systems. But what is really rare is PayPal support. Just the presence of this method says a lot about reliability, since the payment system is reluctant to work with cryptocurrency services.
The best site for exchanging bitcoin to PayPal Is HiRiBi. The service provides the highest BTC selling rate on the market. Even higher than on crypto exchanges. This high rate can be achieved due to the fact that the platform regularly monitors several cryptocurrency platforms, which allows it to adjust the cost if a more favorable offer is found. The reliability of the service can be judged by real customer reviews on Trustpilot. The service has a lot of positive user reviews.
HiRiBi advantages
- The highest selling rate of BTC;
- PayPal support
- High exchange speed – the service automatically sends money to the buyer’s wallet after 2 network confirmations;
- Quality email support. Support usually responds to user requests within an hour.
If you need to sell bitcoin for PayPal USD quickly and profitably, then you will never find anything better than HiRiBi
2 comment(s)
3
3
3
3