Bitcoin has long been a symbol of the crypto market. It is well-known, widely in demand, trusted, considered the most liquid of all cryptocurrencies and reliable, despite its high volatility. Investors willingly invest in it, but knowing the main rule of smart investments (about the rationality of keeping savings in different currencies), they are faced with the need to exchange BTC for another asset, for example, XMR, through an electronic exchanger aggregator.
It is worth noting that the Monero cryptocurrency is becoming a really good choice. It attracts with its focus on complete confidentiality. In the system, the identities of the sender and recipient, as well as the payment amounts, are hidden when conducting transactions. The untraceability of financial transactions is ensured by unique technologies such as ring signatures, hidden addresses and confidential transactions (RingCT).
Why are electronic exchangers preferable for exchanging Bitcoin for Monero?
Despite the popularity and demand for cryptocurrency exchanges, even famous giants often lose to small independent exchange services for exchanging Bit Coin for Monero. First of all, this is due to the complexity of the centralized platforms and the conditions that are unacceptable for many. Here, user registration and verification are required, it is necessary to understand a complicated procedure that takes a lot of time. The profitability of exchanges is also an ambiguous point due to spreads and additional fees.
Electronic exchangers are free from the disadvantages of crypto exchanges, so many people prefer to quickly exchange Bitcoin cryptocurrency for Monero (XMR) in them. In independent exchange services:
- no account creation required;
- no need to provide personal data (KYC excluded);
- the rate is offered and fixed;
- transactions are carried out in a matter of seconds, and the entire procedure, from submitting an application to receiving XMR in the wallet, can take up to 20 minutes;
- the financial aspect is transparent, since the client immediately sees the final amount without additional deductions at the end, and can decide whether the deal suits him;
- you can exchange Bitcoin (BTC) for Monero coins 24/7, from anywhere in the world (the main thing is to have a crypto wallet and access to the Internet).
How is the profitability of exchanging Bitcoin (BTC) for Monero (XMR) ensured in online exchange services?
All electronic exchangers offer their own conversion rates with their own conditions, trying to attract more customers. By contacting them, you can exchange Bitcoin for Monero even more profitably than on the exchange. To quickly find a service offering the best rate for the BTC/XMR pair, it is recommended to use an exchanger aggregator.
Understanding that the Bitcoin cryptocurrency is too expensive and the slightest difference in the rate or commission percentage can be expressed in a significant amount, it is worth evaluating the exchanger’s benefit comprehensively by:
- the main BTC/XMR rate;
- the fees charged;
- restrictions and additional conditions.
With the right approach, you can get Monero (XMR) in exchange for Bitcoins in the maximum possible amount, minimizing costs. The exchange procedure itself in an electronic exchanger is a matter of a couple of clicks, no more difficult than regular online shopping, only with increased attention to safety and profitability.
