All available ways of Bitcoin to USD exchange

All available ways of Bitcoin to USD exchange

Cryptocurrency can not exist separately from the fiat money at this stage of its development; therefore bitcoin to USD exchange is the link between digital assets and traditional money worlds. A whole generation of new traders and investors has appeared and their number is increasing every day. The best digital currencies exchanges give you the opportunity to earn money by changing the rate, it is advantageous to invest funds or simply withdraw money to a bank card or a web-wallet. Which of these resources offer an exchange for dollars, will be discussed in this article.

Table of content:
- Exchanges as the cheapest way to convert crypto into fiat
- Exchangers for the fast and convenient service
- Conclusion: choose your own way to get USD for the bitcoins
 
Exchanges, their benefits and features
 
First of all, the exchange is perceived as an optimal way of exchanging bitcoins for dollars. In other words, if you have virtual coins you can receive real money for them. You can mine the cryptocurrency or use the faucets to get BTC. But there are still exchangers. Why not choose them? The exchangers will be described further, but once it is worth saying that the fee for such services is very high and is 5-10%. Miners and investors do not want to lose extra coins to pay for the fees, and those who are involved in the cloud mining, can not do without the exchange to convert their digital assets. On the other hand, the exchange is a complex system, and those who registers on these services is going not only to change assets, but also to participate in trades, invest in
the crypto or buy tokens.
 
There are many crypto exchanges that are in every trader’s A-list, but you need to know that not every one of them offers trade with fiat, i.e. in its system only cryptocurrency pairs participate. This is the first and most important criterion. Practically all exchanges require full verification of each client’s identity. For this purpose they require to indicate the full name, a country of residence, an address, a telephone number and attach the passport data, as well as the information about bank cards. After the information is attached, it will be necessary to wait for the decision of the exchange management. It takes from several hours to several days. Below there are brief descriptions of the most famous and popular services that offer exchanging bitcoins for dollars.
 
Bitfinex
 
Bitfinex at the early stage of its work positioned itself as Bitcoin exchange, but over time, the resource started to offer other popular coins, for example, Ethereum, NEO and DASH. The ability to exchange bitcoins for dollars, as well as the British pound and the Japanese yen, made the service even more attractive. Traders can use the exchange through mobile applications for iOS and Android.
 
Bittrex
 
Bitrex supports a large number of cryptocurrency pairs, which attracts traders who want to buy or sell less popular coins, but only pairs BTC / USD as for the traditional money. If the trader needs to sell Ethereum, then first he or she has to change ETH to BTC, and only then convert to the fiat money. Naturally, some funds will have to be spent on fee and this fact doesn’t make Bittrex as popular as Bitfinex.
 
Bitmex
 
BitMEX was founded before the beginning of the cryptocurrency boom in 2014, which allowed the site to become mega popular, while the new exchanges were at the beginning of their carrier. The official representation of the resource is in Hong Kong. The choice of cryptocurrency is very good, and the main trade is conducted in relation to the USD. After a simple registration, users are given a personal account.
 
Bitstamp
 
Bitstamp is one of the oldest exchanges in the crypto market. When registering, the resource generates the user's login and password automatically, while the latter can be replaced by users. The exchange requires its customers to provide full personal information, which must be confirmed by the documents. The service allows not only exchanging bitcoins for dollars, but also Ethereum and Bitcoin Cash for USD.
 
How do the exchangers work?
 
The exchanger is a service that allows you to convert the cryptocurrency into dollars quickly, without unnecessary questions and complicated registration. Verification of the identity is not required on every such resource, but, as already noted, the exchangers charge a fairly high fee for the transactions, and so before you fill out the application, you should definitely find out this question. The number of exchangers is constantly increasing, because the popularity and relevance of virtual money is also on top. In order not to be a victim of scammers - that is not out of the question - trust only large resources with a good reputation and feedback. Here are some popular exchangers for today:
 
24 PayBank
 
Exchange service 24 PayBank has a large reserve of crypto coins and a high rating, as evidenced by thousands of positive reviews. The resource allows you to exchange cryptocurrency for fiat money, as well as use popular payment systems and web-wallets. The exchanger works with BTC, DOGE, Dash, Litecoin, ETH and other popular positions.
 
Baksman
 
Baksman Exchange attracts its customers with the opportunity to send money from 20 payment systems and use different currencies. Online businessmen get the opportunity to sell Bitcoin, Ethereum, Zcash and other coins profitably and quickly. Baksman has a solid reserve of $ 1,740,000, while a part of this asset is represented in the crypto-currency reserves.
 
Changer
 
This exchanger was created long ago and still successfully operates in the cryptocurrency market. The service is registered in the UK. Converting your virtual money for traditional analogues is possible by means of systems Perfect Money, Payeer and AdvCash. Regular customers receive a discount. Register on the Changer is easy and doesn’t need your ID.
 
Conclusion
 
In the article it was told about the simplest, safest and the most reliable methods of bitcoin to usd exchange. Of course, such transactions will no longer be anonymous, as it happens within the BTC network between users' Bitcoin wallets: exchanges require full registration of their customers with the provision of documents, as well as some exchangers. The funds appear on your bank card, so too large amounts can cause questions from the fiscal authorities. There is another way of exchanging cryptocurrency for traditional money, which is to find interested parties on the special P2P platforms. Here is the risk of fraud and it is high enough, so you should be guided by the reputation and feedback of a potential buyer of the virtual assets.



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