How to choose a cryptocurrency exchanger

Why do we need monitoring of exchangers?

Monitoring of cryptocurrency exchangers helps to find several optimal options for buying and selling based on certain criteria. Firstly, using monitoring, you can find the most profitable cryptocurrency exchange rate. Secondly, they shed light on the reputation of exchangers and the likelihood of getting scammed is reduced. To draw conclusions about the quality of the exchange service, it is advisable to look reviews on several monitors. Please note that even the most reputable and transparent exchanger may contain a share of negativity. In this case, you need to pay attention to how the representatives of the company respond to claims and whether they respond at all.

The main advantage of cryptocurrency exchangers is their ease of use. It is enough to register, fill in several fields in the application form and get the desired cryptocurrency at a fixed rate.

In fact, monitoring is a kind of exchange of exchangers, where the user compares and chooses the most favorable offer for himself. But, unlike a cryptocurrency exchange, there is no need to understand all the subtleties of work and bargain.

Why, then, in the presence of such benefits, monitoring is free? People understand that if they are not told the price, then there is a deception somewhere. Not in this case. Monitoring services receive revenue from exchangers, not users. Each transition from monitoring to the site that ended with a transaction is paid. This does not mean that monitoring recommends paid services, and not the most profitable ones. The exchanger cannot pay for the withdrawal to the top positions, because the rating is formed only from the exchange rate. Simply put, monitoring does not care which site the user goes to, because in any case he will receive his percentage of the profit of the transaction. The priority here is a satisfied customer who will trust the service and come here next time. Therefore, the most reputable monitoring companies take care of their reputation and carefully check all applicants for cooperation. Those sites that violate the rules of work, are engaged in deception or do not know how to work with clients are immediately removed from the listing. However, it will not be superfluous to read reviews before buying.

BestChange — the most popular monitoring of exchangers

As in any field of business, there are leaders among monitoring companies that occupy the lion's share of the market. For more than ten years, Bestchange has been such a monopolist. Although Google search gives out a lot of services, such as Exchangesumo (Exchange Sumo), the course.Expert, OKchanger, most of the clients of exchangers come through this monitoring. It's not easy to get to Bestchange, and it's even more difficult to stay there. Not everyone is taken. The main advantage of BestChange is the presence of a large number of reviews for almost all partner exchangers.

How is the selection of the most suitable exchange office

On the main monitoring page on the left there is a menu where you need to select the currency you want to exchange and which you want to receive. The search will give you a list of cryptocurrency exchangers sorted by the profitability of exchange rates. Such a system encourages exchangers to provide the most favorable exchange rate for the user. Some users have developed a tactic for themselves when small amounts change in exchangers with the most favorable rates, and if you need to make a large transaction, choose a service with the best reputation in terms of reliability.

In addition to reviews and rates, when choosing an exchanger, you should pay attention to the status of the service (working or not) and the amount of reserves. 

Advantages of the user's work with exchange services, which are presented on the BestChange monitoring:

• Reliability - a reputation is very difficult to earn, but easy to lose. Problematic exchangers are removed from the site after the first confirmed complaint. 
• Transaction processing speed. The monitoring administration takes into account user complaints about the slow operation of the exchanger, so it can be immediately removed from the database.

How is an exchanger different from an exchange?

• Pursued goals. An exchanger is a site that has assets owned by one or more individuals, the purpose of which is to maximize profits. The purpose of the exchange is to provide a platform for trading.
• A question of trust. The exchange is a fairly large platform that values ​​its own reputation and pays due attention to honesty and continuity of work. The exchanger belongs to a more risky system, because the owner of your assets is only one group of people. In this case, the first issue is trust.
• Pricing. The price on the exchange is formed on the basis of all participants, which is why it turns out to be average and fair. As for the exchanger, the price is determined by the beneficiary.
• Trading. Exchanges are created for the opportunity to engage in and conduct trades, on the exchanger, of course, this function is not available.
• Cryptocurrency stocks. There is often more money on exchanges than on exchangers, because a huge number of people are involved in the exchanges. The funds on the exchange are limited, and the total amount rarely exceeds 15 Bitcoins.

What do you need to use the exchanger?

A cryptocurrency exchange is an affordable service for everyone. To make a cryptocurrency exchange, you will need:

• A physical card of any bank.
• Cryptocurrency wallet (Bitcoin wallet) or registration in a payment system like Qiwi, WebMoney, etc.

To use a crypto wallet, you will only need to enter its personal number during the exchange. If you want to buy / sell cryptocurrency using a bank card, then often data such as full name and card number may be required. Cryptocurrency exchange services often require bank card verification. You shouldn't be afraid of this. Your data will always remain confidential and secure and will not be passed on to third parties. Verification is necessary to avoid fake exchanges. In addition, this factor confirms that the exchanger is official and operates under the bank's license for financial transactions.

The principle of operation of exchange offices

First of all, cryptocurrency exchangers differ in their mode of operation. The operating modes of exchange offices are:

• In manual mode. In this case, each incoming request is manually checked by the site manager. After that, in the same way, manually transfers funds to the account. Of course, the speed of exchange transactions in this case will be quite low. In addition, there is a big drawback: employees of the company often have a normalized daytime schedule without night shifts. In this case, if you submit a request in the middle of the night, you will most likely have to wait for the start of the work shift in the morning or afternoon.
• In automatic mode. This mode is the most convenient, since exchange operations do not require the involvement of individuals and manual transaction confirmations. Automation of the work of exchange services makes it easy to make transfers at any time of the day or night, and the transfer of funds usually takes a few minutes.
• In semi-automatic or combined mode. Since full automation often entails large financial and time costs, exchangers often stop at combined or automatic modes. Thus, almost all the work is done automatically, but at the same time, it still requires manual verification by site workers.

How to choose a cryptocurrency exchanger?

When choosing a cryptocurrency exchanger, pay attention not only to favorable rates, but also to the reputation and security of cooperation. If you doubt a new exchanger, do not immediately transfer a large amount, do a test for small money.

A reliable cryptocurrency exchanger is:

• A wide range of cryptocurrencies.
• The rate of cryptocurrencies is average, not much more profitable than on similar exchangers.
• Support for various payment systems.
• Availability of online support and its instant response to messages.
• The presence of any licenses confirming the activity of the site.
• The existence of the exchanger is not one year.
• Positive feedback on the exchanger (not only on the site, but also on other sources).

Conclusions

Among the huge number of exchange services, it is difficult to find a reliable platform with favorable rates. Therefore, it is best to focus on the rating of cryptocurrency exchangers on popular monitoring. BestChange does not add little-known sites to its database even for money. Do not forget to check the reviews about the services before making a deal.

Recall that the Coin24.io exchanger is also included in the BestChange monitoring listing.