Hiribi blog – blog about crypto, exchange and income

Any user wants to find a way that would allow them to exchange cryptocurrency as profitably as possible: buy Bitcoin low, and sell it high. 

The methods described in this article are mainly suitable for Bitcoin. If you want to exchange altcoins for fiat, these methods will not work for you. Altcoins are not very popular on the exchangers, so things are more difficult with them. Well, we shall start the review and tell you how to buy and sell Bitcoin without fees.

Is it possible to buy and sell Bitcoin without a fee?

Before we start, we will immediately stipulate that the only way to exchange cryptocurrency without any fees is a direct exchange between the buyer and the seller. If you use the services of an intermediary, you either pay a fee or buy at a less favorable rate. Let us explain why it is so.

When you exchange with another individual directly, you don’t need to pay extra to anyone. You simply agree in advance on the cost of the exchange, and then make the transaction. This is the first and most obvious way to buy bitcoin without fee using a card, payment system, bank transfer, or cash. But this method has its own significant drawbacks. We’ll talk about them later.

When you use sites, they act as intermediaries and charge fees for their services. For this, they provide you with security and guarantee that you’ll get the money or coins. On some exchanges, you can see claims that they do not charge fees. In fact, this is not quite true. Yes, you don’t pay the fee, of course. However, the platform or seller has to make a profit somehow. They bear the costs of site maintenance, marketing, and counterparty risks. Therefore, if the fee is not charged, it means that it is already included in the cryptocurrency cost. The secret is very simple. Although there are still sites that allow you to exchange bitcoin not only without fees, but also at a favorable rate.

Advantages of direct exchange

The most important advantage of this method is the absence of fees. Moreover, you can convert Bitcoin to fiat and vice versa at a more favorable rate. It all depends on how you agree with another individual. These are the only advantages of this method.

Disadvantages of direct exchange

But the disadvantages are much more numerous, and they significantly outweigh the advantages. The main disadvantages of direct exchange are as follows:

• Long transaction time. This transaction can only be made in person, so you may have to spend a few hours on the road and the transaction itself. And this is not counting the fact that you will spend time searching for a buyer/seller;
• Geographical limitations. In addition to the fact that you can spend a lot of time searching for a counterparty, you may not find one in your city;
• Risks. In this case, you are not insured in any way. The counterparty may try to cheat you or simply steal money. If you decide to use this method, be sure to choose a public place to exchange, such as a cafe or shopping center, and conduct the transaction only during the day.

And how can you sell bitcoin safely and profitably without fees?

When you are looking for a way to sell Bitcoin profitably, you are faced with a situation that buyers either greatly reduce the rate, or charge a large fee, if it is not a crypto exchange. However, there is a service that allows you not only to sell Bitcoin for PayPal without fees, but also to do it at the highest rate. This service is called HiRiBi. With it, you can sell Bitcoin about 10% higher than the average exchange rate.

If you are interested in the question: how is this possible? The answer is very simple. The hiribi platform tracks rates on 20 major crypto exchanges. On some exchanges, the Bitcoin exchange rate is significantly higher than on most other trading platforms. However, these sites are not available to many private users, but the service has access to them.

The main advantage of HiRiBi in addition to the favorable rate is the support of the PayPal payment system. Only a few crypto sites work with it. Therefore, HiRiBi is one of the few available platforms that allow you to sell bitcoin for PayPal USD. The service also has a profitable affiliate program that allows you to earn up to 2% from every exchange made by users you invited.

Where to buy bitcoin without a fee

You can buy bitcoin for free using p2p-exchanges. These platforms act as a guarantor of transactions for users who exchange cryptocurrency between themselves. Some of these sites do not charge fees to buyers and sellers if they do not place offers themselves. Here is a list of such services.

LocalBitcoins

One of the largest and most popular P2P exchangers. The exchanger uses an internal account, where coins are frozen during the transaction, which protects users from fraud. A 1% fee is only charged to users who post their own offers. However, it should be understood that contractors want to make a profit, so they take into account the fee in the cost, as well as slightly raise the sale price and reduce the exchange rate when buying.

You can place your own offer, which will allow you to buy bitcoin at a more favorable rate, and sell at a higher one. This way you can not only save on fees, but also make money.

Paxful;

Another popular P2P exchanger. This service is similar to LocalBitcoins in many ways, with one key difference: all sellers pay a fee, while buyers are not charged. It doesn’t matter whether you place an offer or not. Therefore, this service is also profitable for those customers who want to specify the desired exchange rate of cryptocurrency themselves.

LocalCoinSwap

This P2P service is also not much different from previous exchangers. Its pricing policy is the same as LocalBitcoins: 1% is deducted from users who placed an order, and regular buyers and sellers do not pay a fee.

Binance

Binance is one of the largest crypto exchanges in the world. A small fee of 0.1% is charged for cryptocurrency exchange. However, the crypto exchange has its own P2P market, which allows you to exchange some cryptocurrencies without fees. The advantage of Binance is that the platform supports several other cryptocurrencies besides Bitcoin, as well as the usdt stablecoin.

In this article, we have reviewed several ways to buy bitcoin without fees, as well as their advantages and disadvantages. You can buy cryptocurrency for free using some P2P exchanges, and sell it using HiRiBi, which also allows you to earn money by selling Bitcoin cryptocurrency. 

When we want to exchange cryptocurrency, first of all, we are interested in how reliable and secure the trading platform is. Especially if we are talking about large amounts. We have to be sure that the funds will reach our wallet. But equally important criteria for selecting a site will be the optimal balance of convenience and risks when exchanging.

That is, when choosing a cryptocurrency marketplace, we also evaluate how quickly we can sell or buy bitcoin using a credit card, payment system, or bank transfer with minimal costs. Many sites that win in terms of reliability can not provide the necessary convenience to users. This is especially true when you need to quickly exchange crypto assets. These sites are regulated by law, but have their own restrictions. For example, users often need to pass the KYC procedure, which poses a threat to their privacy.

On the other hand, these platforms need to ensure high security of payments when paying through fiat gateways. This leads to higher costs, which inevitably affects the fees. The cost of exchange on such platforms can reach 6% – 10% of the converted amount, which makes the process unprofitable. Therefore, in this review, we will consider sites that not only ensure the security of crypto payments, but also provide a convenient and low-cost exchange of crypto assets. Let’s get started.

LocalBitcoins

This service is one of the old-timers of the market and is one of the most popular P2P platforms around the world. LocalBitcoins was founded in 2012 and provides crypto exchange in more than 200 countries, and the platform itself has several million users.

The peculiarity of LocalBitcoins is that It uses a hybrid approach: if you need to quickly exchange a small amount of Bitcoin, then you just need to register and sell the cryptocurrency without the threat to your privacy. Verification is only required if you are a regular seller/buyer, and you need large limits for exchanges.

Another feature of the exchanger is that only sellers pay a fee, and it is only 1%. If you place an order yourself, you can also earn on the exchange thanks to such low fees. The service does not bear the operating costs associated with the exchange of cryptocurrencies. These costs are borne by the users themselves, and the platform only acts as an intermediary. This is the main advantage of the site, which is why the fees are so low.

Binance

It is one of the largest and most famous trading platforms. Initially, Binance was just a regular spot trading platform, but from the very beginning. It set the development vector for the entire market, first issuing its own token and creating its own blockchain, and then rapidly expanding its infrastructure.

Currently, the platform supports fiat currencies. You can sell bitcoin in at least two ways:

• Top up the exchange’s balance, exchange BTC for EUR or other currencies, and then withdraw funds to a credit card or via bank transfer through a fiat gateway. Moreover, when using some payment systems, such as AdvCash or Payeer, the fee is not charged;
• Sell Bitcoin through the exchange’s own P2P crypto exchange market. The fee will only be charged for the transfer, if your bank provides it.

HiRiBi

This platform has focused as much as possible on the most important needs of the market. HiRiBi service supports the most popular cryptocurrency – Bitcoin – and one of the most important payment systems – PayPal. It is quite difficult to find a service that allows you to sell BTC for PayPal dollars. But this service has solved, perhaps, one of the main needs of crypto users.

Moreover, not only will you be able to sell Bitcoin through this payment system, but you will also do it at a very high rate. The platform tracks rates on major crypto exchanges, which allows you to offer the most profitable rate. The site also has a profitable affiliate program.

The service supports automatic exchange. After sending bitcoins to the specified details, you only need two confirmations of the Bitcoin network, after which the funds will be sent to your PayPal wallet.

The service does not support other exchange directions, but this can not be called a disadvantage since the service was created to solve precisely this problem – the exchange of Bitcoin to PayPal. And HiRiBi is doing a great job in that.

Paxful

Another well-known P2P platform for exchanging cryptocurrencies and one of the main competitors of LocalBitcoins. Even their pricing policy is the same: no fee is charged for buying bitcoins, and when selling, users pay a fee of 1%. There is also a fee for withdrawing bitcoins in the amount of 0.0005 BTC, so it is even more profitable to sell than to buy.

The exchange also monitors the progress of transactions and ensures the security of transactions. Therefore, the service is practically no different from its competitor – choose the platform that is most convenient for you and meets your needs.

LocalCoinSwap

This is another major P2P crypto exchange, much like LocalBitcoins or Paxful, which we discussed earlier, but with the difference that you do not pay any fee if you do not place an offer yourself. 

Conclusion

We have reviewed secure platforms that allow you to exchange Bitcoin for Fiat. You should choose a platform based on the payment method you use. For example, Binance allows you to withdraw currencies to AdvCash and Payeer without fees. And if you want to exchange BTC to PayPal USD profitably and safely, the HiRiBi service is the best option.

When we want to exchange cryptocurrency, first of all, we are interested in how reliable and secure the trading platform is. Especially if we are talking about large amounts. We have to be sure that the funds will reach our wallet. But equally important criteria for selecting a site will be the optimal balance of convenience and risks when exchanging.

That is, when choosing a cryptocurrency marketplace, we also evaluate how quickly we can sell or buy bitcoin using a credit card, payment system, or bank transfer with minimal costs. Many sites that win in terms of reliability can not provide the necessary convenience to users. This is especially true when you need to quickly exchange crypto assets. These sites are regulated by law, but have their own restrictions. For example, users often need to pass the KYC procedure, which poses a threat to their privacy.

On the other hand, these platforms need to ensure high security of payments when paying through fiat gateways. This leads to higher costs, which inevitably affects the fees. The cost of exchange on such platforms can reach 6% – 10% of the converted amount, which makes the process unprofitable. Therefore, in this review, we will consider sites that not only ensure the security of crypto payments, but also provide a convenient and low-cost exchange of crypto assets. Let’s get started.

LocalBitcoins

This service is one of the old-timers of the market and is one of the most popular P2P platforms around the world. LocalBitcoins was founded in 2012 and provides crypto exchange in more than 200 countries, and the platform itself has several million users.

The peculiarity of LocalBitcoins is that It uses a hybrid approach: if you need to quickly exchange a small amount of Bitcoin, then you just need to register and sell the cryptocurrency without the threat to your privacy. Verification is only required if you are a regular seller/buyer, and you need large limits for exchanges.

Another feature of the exchanger is that only sellers pay a fee, and it is only 1%. If you place an order yourself, you can also earn on the exchange thanks to such low fees. The service does not bear the operating costs associated with the exchange of cryptocurrencies. These costs are borne by the users themselves, and the platform only acts as an intermediary. This is the main advantage of the site, which is why the fees are so low.

Binance

It is one of the largest and most famous trading platforms. Initially, Binance was just a regular spot trading platform, but from the very beginning. It set the development vector for the entire market, first issuing its own token and creating its own blockchain, and then rapidly expanding its infrastructure.

Currently, the platform supports fiat currencies. You can sell bitcoin in at least two ways:

• Top up the exchange’s balance, exchange BTC for EUR or other currencies, and then withdraw funds to a credit card or via bank transfer through a fiat gateway. Moreover, when using some payment systems, such as AdvCash or Payeer, the fee is not charged;
• Sell Bitcoin through the exchange’s own P2P crypto exchange market. The fee will only be charged for the transfer, if your bank provides it.

HiRiBi

This platform has focused as much as possible on the most important needs of the market. HiRiBi service supports the most popular cryptocurrency – Bitcoin – and one of the most important payment systems – PayPal. It is quite difficult to find a service that allows you to sell BTC for PayPal dollars. But this service has solved, perhaps, one of the main needs of crypto users.

Moreover, not only will you be able to sell Bitcoin through this payment system, but you will also do it at a very high rate. The platform tracks rates on major crypto exchanges, which allows you to offer the most profitable rate. The site also has a profitable affiliate program.

The service supports automatic exchange. After sending bitcoins to the specified details, you only need two confirmations of the Bitcoin network, after which the funds will be sent to your PayPal wallet.

The service does not support other exchange directions, but this can not be called a disadvantage since the service was created to solve precisely this problem – the exchange of Bitcoin to PayPal. And HiRiBi is doing a great job in that.

Paxful;

Another well-known P2P platform for exchanging cryptocurrencies and one of the main competitors of LocalBitcoins. Even their pricing policy is the same: no fee is charged for buying bitcoins, and when selling, users pay a fee of 1%. There is also a fee for withdrawing bitcoins in the amount of 0.0005 BTC, so it is even more profitable to sell than to buy.

The exchange also monitors the progress of transactions and ensures the security of transactions. Therefore, the service is practically no different from its competitor – choose the platform that is most convenient for you and meets your needs.

LocalCoinSwap

This is another major P2P crypto exchange, much like LocalBitcoins or Paxful, which we discussed earlier, but with the difference that you do not pay any fee if you do not place an offer yourself. 

Conclusion

We have reviewed secure platforms that allow you to exchange Bitcoin for Fiat. You should choose a platform based on the payment method you use. For example, Binance allows you to withdraw currencies to AdvCash and Payeer without fees. And if you want to exchange BTC to PayPal USD profitably and safely, the HiRiBi service is the best option.

Bitcoin was originally developed as a digital currency for a decentralized payment system. But its capabilities go far beyond the usual currencies that we use for everyday purchases and transfers. Most holders consider cryptocurrency primarily as an asset and buy it for the purpose of investing.

However, with the common BUY & HOLD approach, or, as it is also called, HODL, coins are stored in the wallet like a dead weight. Therefore, many people are interested in the question: are there any methods that allow you to get interest for crypto holdings similar to bank deposits? The answer is: Yes, such services exist. In this article, we will talk about them today, and then compare where it is better to store bitcoin or altcoins that you buy with dollars to get interest. So let’s get started.

A small disclaimer

In this article, we will consider only crypto-credit platforms. In other words, that are platforms that users use to lend cryptocurrency to an exchange, company, or other users. Do not confuse cryptolending with staking (PoS) – a consensus algorithm that is embedded in the source code of the cryptocurrency, where holders who store cryptocurrency on their wallets process transactions and receive a reward in the form of tokens. Before we start, we will warn you that investing and lending are always associated with risks, so use platforms in accordance with your own money management.

Nexo

One of the most popular platforms for cryptocurrency P2P lending. Users provide retail borrowers with crypto loans in digital assets, including stablecoins, secured by cryptocurrency. This platform offers a competing return of 8% per annum. Interest is paid daily. This is a really great alternative to bank deposits. At the same time, the platform provides a 100% security guarantee through the use of collateral. Nexo’s insurance reserve is $100 million, which is provided by the well-known BitGo custodial service. This is how it works: you provide a collateral in cryptocurrency and get a loan in fiat currency instantly and without checking your credit history.

The platform supports more than 45 fiat currencies and cryptocurrencies: BTC, ETH, XRP, USDT and many others.

Binance

Binance crypto exchange is one of the largest and most popular trading platforms in the world. Binance is not limited to just trading services, but has a wide ecosystem that includes its own blockchain, DEX, IEO-launchpad, project lab, mining pool and lending platform. The platform provides the Binance Savings service. Binance offers both unlimited term savings, when you can withdraw the deposit body at any time, and fixed for a certain period: a week, two weeks, 30 and 90 days. The yield depending on the instrument and the selected currency can vary from 0.24% to 6.04% per annum.

Binance Savings supports the following cryptocurrencies:

• BTC;
• BNB;
• USDT;
• BUSD;
• ONE, etc.

BlockFi

As the name suggests, the BlockFi platform is part of the DeFi ecosystem. The service provides holders with tools for effective management of crypto assets. You can become part of the financing pool and earn passive income by opening a crypto-interest account on the site. The main advantage of BlockFi is that you can actively trade coins in the event of a rise/fall in price, thereby increasing your income. The platform offers up to 8.6% per annum and supports cryptocurrencies such as BTC, ETH, USDC, GUSD and others. The accrued interest will depend on the amount being lent.

Crypto.com

Crypto.com is a well-known cryptocurrency wallet that allows you to get up to 8% per annum for storing crypto assets and up to 12% for stablecoins. The amount of interest charged depends on the time for which coins are reserved on the account. You can also buy bitcoin with a credit card for USD or other fiat currency without fees.

Cryptocurrencies supported by the Crypto.com service:

• BTC;
• ETH;
• XRP;
• LTC;
• USDT;
• PAX;
• USDC;
• BNB, MCO, BAT and many others;

Celsius

Another young platform that has quickly gained popularity. Celsius provides crypto loans and allows its users to receive up to 12% per annum for providing crypto loans. Interest is paid on a weekly basis in the same digital currency that was provided to the platform.

Celsius supports a variety of cryptocurrencies, including:

• Bitcoin;
• Ethereum;
• Dashcoin;
• Bitcoin Cash;
• EOS;
• USD Tether;
• Paxos;
• USD Coin, etc.

There is a calculator with which you can choose the deposit period and calculate the return on investment. You can get 35% more revenue if you use CEL tokens – Celsius Network proprietary cryptocurrency.

Comparing platforms

The comparative table shows the services and their offered returns, calculated as a percentage of annual revenue. The yield is compared only for bitcoin. For other cryptocurrencies, it may differ depending on the service.

Platform	Bitcoin support	Annual interest rate
Nexo	Yes	8%
Binance Savings	Yes	1.02% (may change slightly to the lower or higher side)
BlockFi	Yes	Up to 8.6%
Crypto.com	Yes	From 4 to 8%
Celsius	Yes	From 4.03% to 6.20% depending on the cryptocurrency being paid to the user

Life hack: how to make money on loans

You can yourself get loan, providing a bitcoin collateral. This way you fix bitcoin. Regardless of where the rate goes afterwards, you will still win. If the price of bitcoin falls, the number of your coins in collateral will not change – you will return exactly the amount that you borrowed in the currency with interest. And if the exchange rate increases, the amount returned will be more, and you can get back a larger amount than you borrowed. This is a great way to insure your assets in case of a fall in the rate of a crypto asset.

How to sell bitcoin with profit

If you want to make a profit and exchange Bitcoin for PayPal USD, the best way to do this is the HiRiBi platform. The service allows you to sell Bitcoin at the highest rate, which is higher than on most exchanges. The exchange takes place automatically: funds will be sent to your account immediately after two confirmations of the Bitcoin network. HiRiBi service is the best bitcoin to PayPal exchange with a profitable affiliate program that allows you to earn up to 2% of the amount exchanged by users you invited.

We have reviewed popular and reliable platforms that allow you to earn passive income for lending cryptocurrencies. The yield may differ depending on the selected crypto asset and the investment period. Therefore, it is best to compare platforms for a specific cryptocurrency that you want to lend.

Many newcomers believe that cryptotrading is something complex and incomprehensible, and only a few can learn it. In fact, this is not the case at all. The whole secret is to follow the simplest rules and understand the crypto market fundamentals. In other words, you need to learn to see the cause-and-effect relationship between events from the outside world and the price dynamics of cryptocurrencies. It is important to understand how the psychology of the market works and what traders are guided by when making transactions.

In this article, we will talk about useful resources that you can use to quickly learn the art of crypto trading. But before we start, you need to learn a few simple rules:

• Crypto trading carries high risk with it Even professional traders make losing trades – this is normal. There is not a single market player who always trade without losses. Mistakes help us grow professionally. It is important to follow risk management and not be afraid of losing money. Each loss-making trade is just a modest payment for an invaluable experience.
• It will take time to come to success. Remember one simple thing: crypto trading is based on calculations and statistics, not on faith or luck. If you approach trading as gambling, you will certainly get a negative result, and most likely lose your money. Every transaction must be thought through to the smallest detail. It will take a lot of practice before you become a crypto guru on the exchange. You will quickly learn the basics. But this will not be enough if you are going to cover a long distance.

So let’s get started.

Crypto Trading 101

This is a great section for beginners in crypto trading on the world-wide popular crypto news resource Coindesk. Here you will find the necessary materials for beginners and news that will be useful for you when analyzing the crypto market. The Crypto Trading 101 section explains the following to newcomers …:

• How to trade on various cryptocurrency exchanges;
• How to learn to read price charts;
• What are the resistance and support levels and how to determine them;
• Various podcasts about events from the world of the crypto industry and much more.

Everything is written in simple language and is clear even to a beginner.

TradingView

This is one of the most popular resources among traders not only in the crypto market, but also in traditional markets. Users share their trading ideas and analytics. You can read these materials for free. Traders do not just talk about their forecasts, but also explain in detail why it may happen one way or another.

It is assumed that you already have at least basic knowledge of trading to understand market processes. But you can use the resource at the very start of your training to test your hypotheses and compare them with the forecasts of professionals.

Cryptocurrency Wealth: How to Trade and Invest Like the Pros

Basic course on crypto trading from the famous Udemy online university. Experienced teachers will tell you about the basic principles of trading and explain everything in detail. From the course, you will learn how to work with various types of orders, how to determine signals for buying and selling cryptocurrencies. This course will be enough to start trading independently and get acquainted with the crypto market.

There are many different courses on the Udemy website dedicated to crypto trading for beginners, experienced traders and professionals. Here you can find courses for every taste and level of training.

Investopedia

This is one of the largest online resources dedicated to trading and investment. The site contains a lot of guides, analytical and informational materials to help newcomers and experienced investors. They have their own Academy, with which you can not only learn the basics of crypto trading, but also become a real pro.

The BitMEX Blog

BitMEX is a popular platform for trading cryptocurrency derivatives. If you don’t know what this is, then there is a good reason to look at the crypto exchange blog. But this blog is more suitable for those who are going to trade on this platform. This is not the only crypto exchange that practices this. If you are interested in a particular exchange, then pay attention to whether they have their own blog for crypto traders.

If you do not know how to trade yet, but want to do it, there is one great way. First, you should buy cryptocurrency as cheap as possible. Find a suitable exchanger or crypto exchange to buy BTC at a favorable price with minimal fees. In our blog, there are articles explaining how to buy bitcoin and other cryptocurrencies profitably.

After you have bought a cryptocurrency, you can sell bitcoin with profit using the HiRiBi website – a service that allows you to exchange BTC to PayPal USD at the highest rate. The exchange rate of HiRiBi is about 10% higher than on most exchanges. They have access to sites that not all users can use, but they have a high rate. Consider HiRiBi as a bridge between you and these platforms.

How do they manage to achieve this? In fact, they regularly monitor the cryptocurrency exchange rates on major trading platforms and thus can offer you the best rate. HiRiBi also has an affiliate program, so you can invite other users and earn up to 2% from each of their exchanges.

The main advantage of HiRiBi is that it is one of the rare services that support the PayPal payment system, which has a complicated relationship with cryptocurrencies. So go ahead and try it!