The modern cryptocurrency market is very widely represented. This is not only the first cryptocurrency Bitcoin (BTC), but also hundreds of other options. The Monero (XMR) cryptocurrency is in fairly high demand and has good development prospects. Therefore, just like Bitcoin (BTC), Monero (XMR) is successfully used in several directions at the same time – as a payment instrument, as an investment instrument for making a profit. Profit is generated due to the delta, which, in turn, occurs as a result of the dynamic change in the value of digital coins, which is due to the commercial principles of market regulation. That is, a constant change in the popularity ratio, which is expressed in supply and demand indicators, directly affects the price and provides great opportunities for stable profit and improving your financial situation.
Why do you need financial intermediaries to exchange Bitcoin (BTC), Monero (XMR)?
However, a positive result from such activities will only be if you know exactly where you can quickly and profitably exchange BTC for XMR. The fact is that there is no direct connection between these ecosystems, which is due to different underlying algorithms. Therefore, to perform a transfer, conversion, purchase, sale, you need financial intermediaries. Finding them is a responsible task, because due to the anonymity of each participant in the cryptocurrency market and the irrevocable nature of payments, scammers are also actively developing their activities. Therefore, before confirming a transaction, you need to make sure that the selected financial intermediary operates honestly and transparently, adheres to all the specified conditions.
Why is it better to use a monitoring site to exchange Bitcoin (BTC), Monero (XMR)?
The monitoring site is not a Bitcoin (BTC), Monero (XMR) exchanger. However, you can find a lot of useful information on it that will help not only to conduct all transactions safely, but also to increase profitability. The fact is that on the monitoring site, if it is such a proven resource with a long history of activity, like BestChange, only verified and reliable information is provided. Before publishing, employees carefully check all data on registration, licensing, compliance with the stated conditions, user reviews, on the basis of which they add companies to certain positions in the rating.
Thus, through the monitoring site, you can very quickly, literally in a matter of minutes, determine where the most favorable rate is today to exchange Bitcoin (BTC), Monero (XMR), where the transaction will be fastest. This saves time and allows you to increase your profit potential.
Bitcoin (BTC), Monero (XMR) exchange – algorithm of actions
If you need to exchange Bitcoin (BTC), Monero (XMR), any other types of cryptocurrency, then after choosing a suitable service for this, it is enough to:
- register – for this you usually only need an email address, to expand the limits, the company may request additional information, including full name, phone number, etc.;
- select the currency direction, for example, in this case it is Bitcoin (BTC), Monero (XMR);
- indicate the amount for the transaction;
- agree to the terms — commission size, exchange rate, payment terms;
- select an authentication method, because the transaction will need to be confirmed to write off money from the specified account.
After that, everything is carried out on verified cryptocurrency exchange platforms automatically, unless, for example, manual mode is selected.