But there are other ways. For example, you can use alternative methods. In particular, exchangers. If on WebMoney the exchange of Bitcoins has become possible since 2013 (it was during this period that new WMX title units appeared, which are something like Bitcoins), then exchangers have been working in this direction for much longer. Let's figure out which Bitcoin exchange option is more profitable - the old one or the new one?
How to create a WMX wallet?
To open a BTC wallet, you must have an account in the WebMoney system. If you don’t have one, create an account, it’s quick and easy.
How to create a Bitcoin wallet for the WebMoney payment system? It's very simple and you can do it in 2 ways. The first is through the website:
- We go to the WebMoney web resource in any browser and click “Login”.
- When you log into your WebMoney Keeper Standard account, you will see images of all your wallets. To create a new Bitcoin wallet, click on the green button with the “+” sign.
- Click “Add wallet” and select WMX from the list.
If you are used to using the WebMoney Keeper Classic program, go to it and in the “Wallets” section, click “Create”.
Then you need to select Bitcoin from the list - “WMX - equivalent to 0.001 BTC” and “Next”. The Webmoney wallet for Bitcoin will appear in the general list; it can be renamed and replenished.
(Important!) It should be noted that your WMX number is a number in the WebMoney system , but not directly the Bitcoin wallet address. BTC and Satoshi cannot be sent to it without exchanging them first.
How can I get a Bitcoin address on the WebMoney network? To create a Bitcoin address, log into your account in the browser and in WMX.
You will see your own Bitcoin address on WebMoney next to the WMX number, or you can click “Exchange BTC to WMX”, this will take you to the web page for replenishment.
This set of characters is your Bitcoin address , which you can indicate on mining resources, exchanges, and receive Bitcoin to it. At the same time, you will not need to indicate your WebMoney WMX on third-party services.
As you can see, the process of registering a wallet for Bitcoin on WebMoney is quite simple, now you can use it for any transactions with digital currency.
Buying Bitcoin using WebMoney
The Bitcoin rate is constantly growing. If you buy it now, with a high degree of probability in the future such currency can be sold at a much higher price. WMX wallet allows you to do this.
- Log in to your WebMoney personal account.
- Go to the WMX wallet (if it doesn’t exist yet, create it).
- Copy the set of characters from the “Address for replenishment” column.
- In your Bitcoin wallet, select the transfer operation and specify the previously copied set of characters as the destination.
- We confirm the operation.
- We are waiting for 6 confirmations from the system.
- We use it.
Conditions for exchanging Webmoney to BTC
The equivalent of Bitcoin is stored on WMX, and the rate is: 1 WMX = 0.001 BTC. From your wallet you can send funds to your Bitcoin account. You can change title units only in the amount of 0.0001 BTC, transfer from Bitcoin to a WebMoney account is carried out from 0.001 BTC . At the same time, for a Bitcoin wallet on WebMoney, the commission will be 0.0005 BTC.
To carry out such operations, you must have a Webmoney certificate no lower than Formal. It is very easy to obtain this certificate on WebMoney; to do this, you need to provide the system with scanned copies of your documents.
Where can I buy BTC for WM?
Bitcoin cash webmoney is exchanged in online exchangers. Such operations are usually not performed directly, so you should turn to the double exchange offer. For example, various options for dual exchange WMR → BCH are offered on BestChange.ru.
You can also buy webmoney bitcoin using the internal service of the electronic payment system wmtransfer.com. This opportunity is provided for owners of WMH wallets that have recently appeared in the system. Funds exchange operations are carried out on wm.exchanger.ru.
Purchasing Bitcoin through WMX from Webmoney: advantages and disadvantages
Purchasing Bitcoins through WebMoney and storing them in WMX is common not only among those who receive WebMoney. After all, this way of working with cryptocurrency has many advantages:
- Buying and selling Bitcoin is extremely simple. You purchase your native currency (for example, WMR or WMZ) using a bank card. And only then change the funds to the Webmoney Bitcoin wallet. The reverse scheme looks the other way around - you exchange Bitcoin for WMR or WMZ and withdraw funds to a bank card.
- The WM payment system is one of the oldest and most proven, it has rules and software that guarantee the safety of user funds. Funds on WebMoney in the WMX cryptocurrency asset are stored with the guarantor of the title unit, who has entered into an agreement with the system. Therefore, unlike a standard Bitcoin wallet on the blockchain, the user, in the event of an attempt to deceive by others or an erroneous transaction, can cancel the operation and return the money.
- The Bitcoin cryptocurrency from the Webmoney network is easy to withdraw, exchange and spend, for example, in stores that accept Webmoney.
disadvantages to using title units, and the main one is the significant difference in the buying and selling rates. In addition, within the system the Bitcoin exchange rate for Webmoney is often unfavorable . It should also be noted that this payment network does not provide anonymity.
Registration requires at least a Formal Attestation (this means providing user documents).
This certificate has limits, which may not be enough for you - accordingly, you will have to start obtaining higher certificates.
Also, many users note the difficulty of mastering and operating the system. To increase the limits, you need to read the relevant information for the most rational and safe use.
Pros and cons of the WebMoney system
Webmoney is not only one of the most popular, but also the most controversial payment systems in the CIS countries. That is why, before transferring Bitcoins to rubles on WebMoney, you need to analyze both the pros and cons of the system in question. First, let's look at the positive aspects of Webmoney:
- This is a common payment system. With its help, you can make purchases on the Internet, pay for hosting or pay for the services of a mobile operator. True, all transactions that can be made here apply only to the CIS countries. But this is also quite good;
- The service is safe. Of course, information appears online that funds are being stolen from wallets, but this is an oversight of the wallet owners themselves. They did not take sufficient care to protect confidential information. However, a mass hack never happened. And not least because the defense is constantly being improved;
- There are multi-currency accounts. As soon as the user receives an account, he immediately has the opportunity to open wallets for different currencies, including Bitcoin. Transactions can be carried out with any of the wallets or exchange currencies between them;
- The service is available for both beginners and professionals. In addition, the network is full of information that will allow you to register and bypass all the difficulties of the system without problems. Including obtaining a certificate;
- There are many options for depositing and withdrawing money. For example, you can attach a bank card, withdraw funds to other payment systems or to a Bitcoin wallet;
- You can make offline payments. For example, pay for utilities, pay fines, buy transport tickets and make many other payments;
- You can make financial payments around the clock. The service operates seven days a week and 24 hours a day;
- There is a convenient credit program that allows you to borrow money from other users. The interest rates are low.
Webmoney also has its disadvantages:
- Users often have problems due to the fact that there are no clear operating rules. More precisely, they exist, but their observance is not necessary. This leads to the fact that the service often crashes;
- Wallets are sometimes blocked. This is especially true for wallets, from which many transactions are often made. Usually the reason for such blockings is questionable activity. Quite often the system is right, but about 30% of the time it is wrong, which creates serious inconvenience. In addition, both the sender and the recipient are blocked;
- Frequent problems with technical support. It is very difficult to get any help. Specialists do not respond at all, or it takes too much time;
- Lack of anonymity. Personal information is required for every little thing. Even though you can store Bitcoins here, WebMoney is not anonymous. To work with the service, you will need to obtain a personal passport. And for this you need to send scanned copies of documents;
- WebMoney is in demand in Russia, but this service is used extremely rarely abroad. Therefore, most foreign cryptocurrency exchanges do not provide for the withdrawal of funds to a WebMoney wallet;
- The system is difficult to use. To get wallets, you need to download the program to your computer, and to log in, you will need to remember several passwords, enter a code from SMS, etc.
The WebMoney system is a good service, but not ideal. They are trying to improve it, however, a huge number of disadvantages remain.
WebMoney Bitcoin: WMX exchange
Exchange for other currencies can be done in 4 ways:
- Bitcoin within the system.
- Using the WebMoney exchange https://wm.exchanger.ru.
- Exchange https://indx.ru.
- Bitcoin on third-party resources.
If you want to exchange BTC within the WebMoney system, this is not a very profitable option. Due to the fact that the cryptocurrency on WebMoney has a rate that differs significantly from the market one. Therefore, users often choose to use Webmoney, a special cryptocurrency and fiat currency exchange https://wm.exchanger.ru. This section is intended for exchanging WM title units between participants automatically.
When submitting an application, the user pays a commission of 0.8%. Payment for the application is carried out using a direct transfer to the section’s wallets using the Merchant service. Applications that are paid are shown to participants and posted in the “Current WM Exchange List”.
To exchange, you must assign a counter to the new application and pay for it. Or set up your own application at the desired rate and wait for users to buy it. Funds that correspond to the volume of the transaction will be transferred to the participants.
WebMoney also offers its own trading platform - an exchange for cryptocurrencies and other assets https://indx.ru. This Internet exchange is an automatic network that provides open access to trading for WM registered users.
(Important!) You don’t have to create an account here - if you are a Webmoney user, then all the tools are provided here.
How does the exchange take place?
The exchange is carried out using so-called notes - conditional denomination. A note is assigned upon registration of a specific asset, for example Bitcoin. The advantages of the WebMoney exchange concern not only the convenience of working with the digital currency Bitcoin. WebMoney is also convenient in payment matters:
- the service does not charge commissions for completed transactions;
- You also won’t have to pay for account maintenance;
- When replenishing a trader’s account, you will only need to pay a WebMoney commission - 0.8% of the amount.
To start working with the exchange and exchange WMX into Bitcoins, you need to top up your account. This is done instantly: in the “Wallet” tab, enter the amount in WMZ in the appropriate field and click “Top up”.
Or go to the Bitcoin (BTC) tab on the right, copy the address (if it doesn’t exist, you need to generate it), and top up WebMoney in Bitcoin.
It is worth considering that all trading on the site is conducted 24/7/365 . However, the exchange operates with a technical break from 23:45 to 00:00 the next day (CET time) or from 1:45 to 2:00 (Moscow time).
You can also exchange funds in a Webmoney wallet for cryptocurrency assets on third-party resources. Although they may offer a more favorable Bitcoin rate. However, you should be careful - check each resource. If you are going to transfer funds to avoid scammers.
Benefits of sharing
Bitcoins are very popular, but it is almost impossible to do anything with the BTC received. The main advantage of the WebMoney system is that withdrawals to the “real world” have now become much easier. Even with a small commission. Let's look at other advantages of this system.
Speed
All actions that depend directly on the WebMoney system are performed almost instantly. For example, if you need to exchange WMX for WMZ, then immediately after confirmation of the operation, funds in the agreed amount (according to the current rate) will be credited to the WMZ wallet. However, if you need to deposit Bitcoins into or withdraw Bitcoins from your wallet, you need to wait until the required number of confirmations is received (usually 6 pieces). This is not such a long process, but in some cases it can stretch even for several days if the client does not want to pay the commission.
Availability
Working with the WebMoney service is simple and intuitive. With each update, all features become more accessible and obvious. Due to the fact that all wallets belong to the same service, high-quality interaction is ensured between them. It is this factor that allows you to exchange WMX for WMR, WMZ and any other currencies at a favorable rate.
Convenience
Using the WMX wallet it is absolutely not necessary to exchange money for any currencies. You can also use money directly by making purchases in all stores where WebMoney is accepted (more than 100 thousand points).
Safety
The WebMoney service has existed since 1998 and is still one of the largest in the world. This could not be achieved without a high level of reliability, protection of personal data and guarantees of secure transactions for all users. In particular, there are two main protection systems:
- “WebMoney Arbitration” - used to resolve disputes.
- "WebMoney Escrow" - guarantees the results of the transaction.
Monitoring cryptocurrency exchangers
The easiest option for exchanging cryptocurrency is exchangers. There are a lot of exchangers engaged in this type of exchange, and you can easily find all the most reliable ones using the service - BestChange.
But we recommend using the 60sec exchanger because... For us, it is the most reliable of all those presented on the network and has been working successfully for more than two years without a single failure, and in the world of cryptocurrency this is almost an eternity.
In order to find a suitable exchanger on BestChange, you just need to select the exchange direction, after which this service will give you a list of exchangers corresponding to this exchange direction.
For example, you need to exchange Litecoin for Yandex.Money, which means you choose this direction on the BestChange service, and in the end you get this list of exchangers:
But this option is suitable if you are dealing with popular cryptocurrencies: Bitcoin, Ethereum, Dogecoin or Litecoin. But what about the less popular ones? You will have to use exchanges that work with cryptocurrencies.
