Is the electronic exchange of cryptocurrencies in demand? Yes very. And the demand continues to grow. Exchangers keep transparent statistics of users and show reviews, ratings and the number of transactions made by the user. You can easily check for yourself how many transactions were made by a particular seller and calculate how much his earnings could be from the electronic exchange of cryptocurrencies. On average, sellers can earn from 1% to 5% for one transaction for the sale of a cryptoasset. And this is not considering the fact that they buy just as much cheaper.
The most profitable online cryptocurrency exchanger
It is impossible to answer this question unambiguously, since the market is dynamic and the supply / demand balance is constantly changing. Now the lowest rate for buying allows you to install one exchanger, and in a couple of hours – another. It’s impossible to predict.
Therefore, in order to reach a wider audience, you can use several online cryptocurrency exchangers at once. At the same time, you do not even need to change the details – use the same cards and wallets for different crypto exchangers.
Which is the best cryptocurrency exchange site to choose
You should focus primarily on your own comfort. Evaluate how favorable the terms and conditions are offered by the service, what are the limitations and how large the flow of applications is. It may turn out that the most popular site, due to high competition, brings the least buyers. At the same time, a less popular platform can bring a higher and more stable customer flow. Try different cryptocurrency exchange sites and compare in the field where it works best in order to exchange Bicoin, Ethereum or Litecoin.
Where is the best cryptocurrency exchange rate?
Unfortunately, there are no sites that would monitor P2P exchangers and allow you to compare prices on different sites for different payment methods when you decide to make ethereum to litecoin exchange. Perhaps this is due to the technical complexity of the organization or is not in demand. Cryptocurrency exchange rates can be monitored by the BestChange service. However, he only monitors the courses of centralized services that can be used to make money on affiliate programs.
Here’s a little life hack for you: you can sell cryptocurrency on one site, and sell on another, depending on where the rate is more profitable. So you can exchange cryptocurrencies at a favorable rate. True, first calculate the commissions when transferring from one site to another to make sure it is expedient. This approach is called inter-exchange arbitrage. It is often used by traders and has existed long before the advent of the crypto market.
Profitable cryptocurrency exchange
If you just want to buy Bitcoin profitably (link to the first article) or sell it (link to the second article), then we wrote about how to do this in our previous articles, so we will only briefly list reliable cryptocurrency exchangers (not counting peer- to-peer):
Ø Coinbase (not available in all countries);
Ø Mercuryo. Supports its own wallet where you can exchange cryptocurrency (Mercuryo | Multi-currency cryptocurrency wallet) for rubles and other currencies;
The list of exchangers is limited because most of the services offer a fairly high rate, so they can hardly be called profitable. You can find a profitable cryptocurrency exchanger among such large platforms as:
- Kraken and others.
You do not need to search only for those sites where it is cheapest to convert cryptoassets. Convenience and speed of conversion are equally important.