Cryptocurrency exchangers are special services that are often used by users of the crypto community. With their help, you can use LTC exchange, ethereum and other digital coins to fiat currencies or vice versa. There are a huge number of crypto exchangers on the Internet, but not every one of them can be trusted.
Usually the information of the exchangers is updated online, that is, every minute visitors to the site see new offers. Certain fees are charged from all transactions, and after processing the transaction, the parties receive cryptocurrency or fiat. Sometimes it is necessary to link the account to the exchanger beforehand.
The commission of the system can be quite substantial – up to 5%, but on average it is at the level of 1.5-3%. You need to choose the service very carefully so as not to fall into the hands of scammers and not lose your assets. Trust exchange services are common in the network, but there are not so many of them.
There are a huge number of cryptocurrency exchangers on the network, so unprepared users often get confused and choose not the most suitable or profitable project. In a variety of services, you can get scammers, but following certain recommendations will allow you to avoid this. When choosing an exchange service, it is necessary to take into account such criteria as:
- Listing with cryptocurrencies that are supported for exchange. Almost all services use the key coins BTC, ETH, DES and other projects from the top. Despite this, before using the exchanger, it is better to make sure that it has the necessary cryptocurrency.
- Exchange rate. Before making an application, you should study several exchangers. It is possible that you will be able to find the most profitable course in one of them. It's worth being careful with this. If the exchange rate is very different from competitors, do not rush to change cryptocurrencies or money. No exchanger will work at a loss, so the risk of fraud is not excluded.
- The speed of transactions. The less delay in processing applications, the better. This can only be verified experimentally.
- The amount of the commission. This is another key parameter when choosing a cryptocurrency exchanger. Commissions vary greatly, so compare the available services and choose the right one.
- Payment systems integrated into the exchange service.
- Reputation. If the exchanger works honestly, without deceiving users, they will certainly leave positive feedback about this service.
Also pay attention to the period of operation of the site. If the project appeared less than a year ago and has no feedback, think several times before concluding a deal with another participant through an intermediary.