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How to profitably exchange cryptocurrency in Ukraine

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Cryptocurrency

Over the years of the existence of bitcoin and other digital assets, many ways have appeared to make cryptocurrency exchange. You can become a regular user of the exchange, try P2P platforms and even appreciate the convenience of a cryptocurrency ATM. However, now more and more owners of virtual money prefer online exchangers like 100BTC.

Online exchangers work in the same way as regular ones. Only in this case, you are not changing fiat to fiat (traditional money), but cryptocurrency. By the way, you can also buy and sell virtual money with cash – this is another advantage of exchangers.

Online cryptocurrency exchange

Exchange offices work online 24/7, so you can make an exchange in the chosen direction at any time. The exception is operations in which a manager is involved who checks the user’s request manually. In other cases, the exchange of cryptocurrencies in Ukraine is carried out within 10-15 minutes.

If you are only looking for an exchange service, we recommend that you follow a number of simple rules when choosing:

  1. The exchanger has been working for a long time and it is known for its positive reputation among users.
  2. The exchanger offers a good exchange rate, an optimal currency reserve and an acceptable commission.
  3. The exchanger is simple and straightforward to use, there are no pitfalls like hidden fees and other unpleasant “surprises” in it.
  4. Representatives of the exchanger are willing to help in solving problems with the withdrawal of funds, and are always ready to provide advice on a particular issue.
  5. The exchanger does not require the client to register.

To search for a service that makes online cryptocurrency exchange, it is best to use specialized sites that rank the best items. Often, such lists include platforms, the security of which is beyond doubt.

If you look for a service through a search engine, it is better to also look for reviews about it. The less known the exchanger, the more you should learn about it, so you can avoid problems with scammers who often create one-day exchangers.

Exchanger selected – what’s next

After choosing an exchange office, you can proceed to creating an exchange request. The principle of working with the point is quite simple and intuitive: select the direction of exchange, enter all the data that you need to indicate on the site, create and pay for the application.

After 10-15 minutes, the cryptocurrency exchange will be completed. It is worth noting that the closing time of the application may increase if there is a failure on the cryptocurrency payment gateways. In such situations, the system simply “does not recognize” the transactions, so the exchange does not occur.

Please note that in case of any problems that arise during the exchange, you must immediately contact the technical support of the exchanger. So you are guaranteed to receive qualified assistance and be able to complete the operation you have begun.

Exchange commission

As you know, exchange offices charge a commission for their services. The size of the commission depends solely on the item itself. It can be either 1% or 4%. In order to avoid misunderstandings, it is better to immediately ask the representatives of the exchanger whether the exchanger puts the commission into the course or calculates this value separately. It will also not be superfluous to find out if there are additional fees in the exchanger, such as a fee for withdrawing currency.

Therefore, if you want to make the most profitable cryptocurrency exchange in Ukraine, be sure to study the conditions offered by the exchanger and ask the manager all your questions. Otherwise, you risk getting less currency as a result of the exchange than you originally planned.

We are a team of writers passionate about innovation and entrepreneur lifestyle. We are devoted to providing you the best insight into innovation trends and startups.

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