How to change Bitcoin and other cryptocurrencies: a review of 6 methods

Even though Bitcoin is currently on the rise, it is not the only cryptocurrency that deserves attention. There are many promising altcoins and tokens, and a number of experts believe that they are now capable of generating the greatest income. Whatever investment decision you make, you may need to exchange Bitcoin for another cryptocurrency or for fiat (rubles, US dollars, etc.) - we offer a detailed overview of the main ways to do this, compiled by the editors of Profinvestment.com.

Bitcoin exchange – main features

The main methods of exchanging bitcoins include:

1. Exchanges. These are centralized platforms, similar to Forex, that bring together buyers and sellers and receive a commission for the transaction. Only instead of currency, bitcoin and digital assets are sold on cryptocurrency exchanges.
2. Exchangers. These services are a bit like exchanges, but the exchange process is somewhat simpler. As a rule, you can do without registration at exchangers.
3. p2p services. Unlike centralized exchanges, here the seller and buyer can interact without intermediaries. On such sites you can make an exchange without commission.
4. Telegram bots. Telegram has bots for buying and selling Bitcoin, Ethereum, Litecoin and other popular cryptocurrencies. Anyone who wants to exchange cryptocurrency can complete the exchange in 5-10 minutes, following the system prompts.
5. Direct exchange. The most dangerous method is when the cryptocurrency buyer personally gives money to the seller in exchange for bitcoins or other digital assets. This method is associated with the most fraudulent schemes.
6. Cryptomats. An exotic way of exchange in large cities. Most crytomats only work with bitcoins and only for purchases. But there are universal crypto ATMs where you can buy and sell different types of cryptocurrencies.

Let's look at the main exchange methods in more detail.

How to work with a monitoring site?

Working with ExNode will be easy even for those who have no experience yet. There is simple navigation and interface. On the right side there is a table where the user can select the source and target currency to view the possible options for exchanges in the table. The portal provides results instantly. A list of options with exchange offices will appear on the left side.

For example, you need to exchange Bitcoin -> CASHRUB. Enter this data on the right, and on the left it will show you how much Bitcoin cash in rubles will cost at a specific exchanger.

There is also a converter on the site that shows the relationship between various digital coins, including Bitcoin rubles.

You can read or leave reviews about a specific exchanger on the website. To do this, you need to go to the profile of the service that interests you.

There are several formats for comments that users leave. These are green, gray and red. Green – positive reviews, gray – neutral, red – negative customer experience.

Bitcoin exchanger – features. TOP exchangers

Exchangers are sites on the Internet that allow you to buy and sell cryptocurrency quickly and, as a rule, without registration. There are hundreds of exchangers: to choose the best one, use the BestChange service.

You need to choose the direction of the exchange: what you give and what you receive (the screenshot shows an example of selling Bitcoin for Yandex.Money). After this, the system will show you exchangers that work in this direction, with exchange limits and reserves. The higher the line, the more favorable the rate. By clicking on the name of the exchanger, you will be redirected to its website. There, follow the system prompts. The exchanger serves as a guarantor of the integrity of the transaction: usually the cryptocurrency is transferred to the buyer’s account only after the seller confirms receipt of the money. Most exchangers have a support service, and all issues can be resolved via chat.

Here are some popular exchangers:

• Magnetic Exchange,
• Alpha Cashier,
• SwitchCoin

You cannot exchange rare coins here, but as a rule, exchangers allow you to buy and sell BTC, ether and another 5-10 top altcoins. The transaction speed in the exchanger is higher than on the stock exchange, and funds can be withdrawn without verifying your account. As for commissions, they are usually included in the price of the cryptocurrency, which is why the price is slightly higher than on exchanges. This is compensated by good speed, a large number of withdrawal options (from bank cards to all popular e-wallets) and no need to register.

On average, the entire exchange process, including the withdrawal of cryptocurrency to your wallet, can take 20-30 minutes during the day, a little more at night. Sometimes there are delays in withdrawals to a specific wallet (for example, up to 2 days for the first withdrawal to Yandex.Money, but the system always warns about this in advance). In general, exchangers are a fairly convenient exchange option that is suitable even for beginners. Here you can exchange bitcoins for rubles and withdraw them to cards of Russian banks, or vice versa - buy cryptocurrency for rubles.

Crypto market prospects

Whether it is worth exchanging cryptocurrency for fiat money or whether it is better to wait, everyone decides for themselves - but you can also take into account the opinions of independent experts. Against the backdrop of the growth of the cryptocurrency market (whose capitalization now stands at almost $2 trillion), analysts have identified several main industry “trends” that the sector will follow in 2022.

Due to the pandemic, the world has been hit by a financial crisis. Trying to smooth it out at least a little, the government began to actively print money, as a result of which the US dollar index fell to its minimum values ​​for the first time in recent years. Meanwhile, the cryptocurrency economy, on the contrary, is experiencing a surge in development. Many people and companies have lost faith in fiat.

What can await in the near future in the cryptosphere:

• Recognition of cryptocurrencies as international means of payment. The beginning has already been made - the PayPal payment system has made it possible to store, buy and sell digital currencies in wallets. The user base of this service exceeds 340 million people, so this is definitely a step towards mass adoption.
• Coming out of the pandemic (vaccination) will not affect the position of Bitcoin and other cryptocurrencies. Some liquidity will return, but crypto assets will continue to be used to diversify risks. Moreover, the global economy will recover at least until 2022.
• Bitcoin will take the place of gold as a hedge against inflation. Since November, there has been a clear influx of gold into the crypt. According to the forecast of JPMorgan Chase & Co, this trend will continue throughout 2022.
• The launch of Ethereum 2.0 will create a favorable environment for the continued development of DeFi and stablecoins. This is an ambitious project - no blockchain of Ethereum’s scale has ever moved the entire ecosystem to a new network while preserving the old one. The Ethereum 2.0 PoS model makes the network attractive to investors who are interested in opportunities for passive income.
• The area of ​​NFTs (tokenized assets, each of which represents a unique unit and can serve as confirmation of authorship or ownership of something) is actively developing. NFTs today are created and sold by large companies, athletes, actors, and the direction is in demand.
• Regulators are expected to tighten their KYC & AML policies. At the moment, it is especially difficult to regulate the DeFi sector, for this reason this sector is little used by institutional investors, in whose heads regulation = security. As for centralized systems, they have long been in contact with regulators to expand the list of available jurisdictions.
• Central banks around the world are planning to issue their own digital tokens this year to join the crypto movement. The digital yuan is already working, the digital ruble has been announced, etc. Widespread adoption of such tokens will help the government track the flow of money throughout the country's economy, and will also make currencies more international.

The year 2020 did a lot for the crypto industry, and 2021 continues to lead it in the same direction, consolidating the results.

Bitcoin exchange - pros and cons. TOP cryptocurrency exchanges

The exchange is a larger platform compared to exchangers and has many additional functions. It is intended more for professional investors and traders than for one-time buyers and sellers.

Advantages of exchanges:

1. There are additional tools, cryptocurrency movement charts, the ability to set stop loss and take profit. Some exchanges support margin trading.
2. Another advantage of the exchange is the opportunity to buy rare coins. Binance and some other major platforms support over 300 trading pairs.
3. More favorable rate compared to the exchanger. Keep in mind that rates vary from exchange to exchange. Also be sure to take into account the commission for the operation (usually 0.1 - 0.2%) and for withdrawal of funds. All tariffs can be viewed in the Tariffs/Fees section, which is usually located at the bottom of the main page.
4. Possibility of deferred purchase at a favorable rate. If you want to buy BTC at $9,000, but do not know when the rate will reach this level, you can place an order and wait without the need to constantly monitor changes in the rate. The order will work automatically.

Disadvantages of exchanges:

1. Difficulty for a beginner. Unlike exchangers, there are no step-by-step instructions that even a schoolchild will understand. To understand the interface and capabilities of the resource, you need to make an effort. In addition, most exchanges are not Russian-speaking. In the case of Binance, you can select the Russian language in the settings, but firstly, it will be a clumsy machine translation, and secondly, if you have questions with technical support, you still need to communicate in English.
2. The need for verification: it is difficult and time-consuming. Usually on exchanges you can start trading without confirming your identity, but to withdraw funds you need to verify your account. This may take from several days to several weeks.
3. If you are not a professional trader, it makes sense to go to the exchange in case of exchanging a large amount, when the overpayment at the exchanger will be significant for you. The second option is if you need to buy a rare cryptocurrency. which is difficult to find elsewhere. You need to understand that you won’t be able to quickly withdraw funds from the exchange the first time.

To sell cryptocurrency, you need to place an order indicating the desired price and volume. When a buyer is found, the order will be executed automatically. To buy, you need to place a buy order.

There are many exchanges, here are some of them:

Binance
is the number 1 exchange in terms of trading volume.

Pros:

• You can pay with a plastic card.
• Small commission (3.5% or $10).
• There is margin trading (not for beginners).
• Several hundred trading pairs.
• You can save money by using the native BNB token when trading.

Minuses:

• There is no Russian-language support.
• To withdraw money, verification is required; delays may occur.

When trading on the stock exchange, do not forget about the possibility of blocking your card by the bank - such cases have already happened. This method is not suitable for small amounts and quick exchanges.

But for “whales”, a new over-the-counter trading mode with a minimum limit of 10 BTC recently appeared on Binance. This is due to the fact that it is inconvenient to make large transactions on the exchange: to exchange large amounts you have to make many small transactions. The solution was OTC trading, or rather Block Trading, which makes it possible to trade large blocks. Such transactions take place on an over-the-counter platform directly between the buyer and seller, and the exchange acts as an intermediary. Cryptocurrency is bought and sold at a price set by the parties in one large transaction.

KuCoin

A promising Hong Kong exchange, operating from 2022. It features functional, fast software and prompt customer support. Targeted at Western users. The site trades many little-known altcoins that are not available on other exchanges. It has a good bonus program due to the presence of a native exchange token. Wallets have multiple levels of encryption and undergo regular bank checks, and funds are exchanged and withdrawn within minutes.

What to look for when choosing an exchange:

1. Reputation and trading volume . No exchange is immune from hacking, but there are large platforms with a good reputation, such as Binance. A reserve fund has been created on the site, from which user funds will be reimbursed in the event of their theft. Such a precedent already occurred in the spring of 2022.
2. Course and commissions. Both differ from site to site, although these differences are usually insignificant. However, it makes sense to check and compare.
3. Security, protection of user deposits (two-factor authentication, etc.).
4. Number of trading pairs. This is important if you plan to trade more than just Bitcoin and Ether.
5. The functionality for traders is relevant for professionals. This also includes margin trading.
6. Tech work support, reviews from other traders.
7. Additional features and bonuses . For example, on Binance and other large trading platforms, you can save money by using the exchange's native tokens to pay commissions.

How to buy bitcoins through LocalBitcoins

LocalBitcoins (LB) is the most famous peer-to-peer exchange platform, registered in Finland. It resembles a stock exchange, with one exception - this platform only brings the seller together with the buyer. People post trades and LB matches them with each other. You can only buy or sell bitcoins on it. If you create the order yourself, the commission will be 1%. If you work with other people's orders, there is no commission.

To work on LocalBitcoins you need to register, no verification is required. Then you can set the search parameters (buy or sell, amount, country, payment options) and select the offers you are interested in or create your own order.

Until 2022, it was also possible to find people on LocalBitcoins to arrange a personal meeting with them to exchange bitcoins, but at the request of legislators this function was removed. All transactions are available online only.

How to exchange Bitcoin -> CASHRUB in your city

This page presents exchange offices that allow you to exchange Bitcoin for cash in your city.
In order to find exchangers in the location you need, you just need to set the parameter according to your geography. And you can sell Bitcoin for cash in cities such as Anapa, Arkhangelsk, Astrakhan, Bryansk, Vladivostok, Volgograd, Voronezh, Gelendzhik, Grozny, Ekaterinburg, Izhevsk, Irkutsk, Yoshkar-Ola, Kazan, Kaliningrad, Kaluga, Kemerovo, Kirov, Kostroma , Krasnodar, Krasnoyarsk, Kursk, Lipetsk, Magnitogorsk, Makhachkala, Moscow, Naberezhnaya Chelny, Nizhny Novgorod, Novokuznetsk, Novorossiysk, Novosibirsk, Omsk, Orel, Orenburg, Penza, Perm, Pyatigorsk, Rostov-on-Don, Ryazan, Samara, St. -Petersburg, Saransk, Saratov, Simferopol, Sochi, Stavropol, Taganrog, Tambov, Tver, Tula, Tyumen, Ufa, Cheboksary, Chelyabinsk, Cherepovets, Yaroslavl.

How to buy bitcoins through direct exchange

Direct online exchange is the riskiest way to buy or sell bitcoins. You can use it if you personally know the other party well and trust this person. Otherwise, there is a high risk of running into scammers and being left without money and without cryptocurrency, and in the worst case, losing your health or even your life. There are many ways of deception, which we will discuss in more detail below.

The main advantage of this method is the opportunity to save on commissions and negotiate with the seller or buyer directly, without intermediaries. You can find exchange announcements on crypto forums, social networks and message boards. They usually offer a meeting in a secure, secure place (bank office, etc.). But even in this case, you are not immune from scammers.

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Create a wallet

You can also send to Matbi through the special “Operations” section (second in the left menu on the website). All functions of the movement of funds in this online storage will also be available there: replenishment, exchange, sending cryptocurrency, accepting cryptocurrency, as well as history.

Bitcoins – where else can you buy and sell

Let's look at the remaining two ways to exchange bitcoins.

Telegram bots

, the most famous is BTC banker. The bot has a built-in wallet linked to a telegram account. Through it, you can quickly create and transfer Bitcoin checks to each other. This exchange method is well suited for making small transfers and regularly replenishing your wallet with small amounts without the need to undergo verification. As in the case of an exchanger, the bot acts as an intermediary between the seller and the buyer and as a guarantor of the transaction. Exchange rates in telegram bots are usually beneficial for buyers.

Cryptomats.

This method is suitable for residents of megacities - Moscow, St. Petersburg, Novosibirsk and a number of other cities. A crypto machine is a machine similar to a regular ATM, but with a Bitcoin icon. They are usually installed in large shopping centers. Most often, Bitcoin ATMs only work with BTS and only for purchases, but there are exceptions. To buy Bitcoin through a cryptomat, you need to scan your BTC wallet. America is considered the leader in the crypto ATM market, but they have been actively installed in Russia since 2016.

Bitcoin wallets

After purchasing Bitcoin or exchanging it for other cryptocurrencies, they need to be transferred to a wallet for further work and storage. Exchanges allow you to store currency in your account on the site, so you don’t have to use third-party programs or web services. And when working with exchangers, you definitely need a wallet.

Bitcoin's native wallet, called Bitcoin Core, is difficult to use because it stores a copy of the entire blockchain, which takes up a huge amount of disk space. Therefore, it is worth downloading a solution from third-party developers.

Coinomi

The Coinomi cryptocurrency wallet operates as a mobile application that supports 150 cryptocurrencies, and this list is constantly expanding.

The wallet has advanced encryption functions, thanks to which user addresses are constantly “mixed” and it becomes difficult to track them. Transactions that go through it are difficult to track even on the blockchain itself due to the creation of one-time transaction addresses.

Inside the Coinomi application itself, the ability to exchange bitcoins for other cryptocurrencies is also implemented. It does not work with fiat money.

On the Internet you can find user complaints about the disappearance of money from accounts, but they are not widespread.

Jaxx

The Jaxx wallet was developed by the Ethereum team, but it can be used to work with many other cryptocurrencies, including Bitcoin.

It has a simple and intuitive interface, making it suitable as a first wallet. Within it, you can also carry out exchange operations using the ShapeShift crypto exchange.

Data protection is implemented at a high level; tracking transactions, which are assigned an individual code when carried out, will be especially problematic for a cybercriminal. Jaxx works not only as a mobile application, but also as a desktop version.

HolyTransaction

The HolyTransaction cryptocurrency wallet does not require installation and works directly in the browser. It is suitable for those who do not store currency constantly, as it does not have the highest level of protection. You can carry out exchange transactions inside the wallet, but only with small amounts, since there are strict limits when exchanging.

Buying Bitcoin from the point of view of Russian legislation

Bitcoins remain a risky asset due to the high volatility of the exchange rate, the large number of scammers in this niche, as well as regulatory uncertainty. Despite the President’s instructions, legislation in the field of cryptocurrencies in the Russian Federation has not been adopted by the summer of 2022. The State Duma adopted the bill “On Crowdfunding,” which includes fundraising for ICOs, but the main law “On Digital Financial Assets” is still under consideration. This creates additional risks for the investor.

The concept of cryptocurrencies is not defined in the Civil Code of the Russian Federation: the State Duma did not introduce the term “digital money” into the Civil Code, defining only the term “digital rights”, to which Bitcoin and other digital assets do not apply. At the same time, the Supreme Court in February 2022 introduced the concept of cryptocurrency into Articles 174 and 174.1 of the Criminal Code of Russia - it deals with money laundering. In other words, as part of the fight against money laundering, law enforcement agencies can block any cryptocurrency-related transactions - for example, withdrawing money from a crypto exchange to a card.

The circulation, mining and exchange of cryptocurrencies is not prohibited in the Russian Federation, but Bitcoin and other assets are not recognized as money or legal tender. This must be remembered when performing any transactions. Firstly, at any time you may be asked to report where this money comes from. Secondly, in the event of theft/loss, it will be difficult to return what was stolen due to regulatory uncertainty and the intangible nature of assets, as well as the difficulty of tracking the recipient of a cryptocurrency transaction.

Where to exchange?

The easiest purchasing option is considered to be purchasing through exchangers. For transactions with digital assets they charge a commission, which can range from 1% to 10%. Most often 2% is taken. Aggregators, for example, Bestchange.ru, help determine the most profitable rate. With their help, it is easier to decide on payment methods and the type of money.

Do not forget that when buying Bitcoin you can fall under the influence of scammers. Therefore, for this service you need to contact only those exchangers that have existed for several years and have managed to earn a decent reputation. This is also checked through aggregators.

Selling Bitcoins: Main Risks

Let's look at the main risks of buying/selling bitcoins:

1. Phishing is a type of fraud to gain access to user logins and passwords. Example: scammers may send you an email with information about winning the lottery. When you click on the link from the email, you will be taken to a phishing site and leave your data there. This is how hackers learn your passwords, which they use to steal assets.
2. Mining scam - usually funds are raised for non-existent projects, under the promise of giving you the investment in a year with dividends.
3. Fake Bitcoin wallets that replace symbols inside the wallet number, after which the money goes to another recipient.
4. Investment pyramids with the promise of super-profitability. The first investors can get something from the contributions of other people included in this pyramid, the next ones will not receive anything.
5. Fraud with applications and plugins. Fake applications that are designed to steal passwords or directly steal cryptocurrencies from wallets are regularly removed from Google Play and the AppStore.
6. Investing on the advice of an authority. There are regularly reports online that a certain well-known figure in the cryptosphere has announced a free distribution of bitcoins. In 2022, there were many fake ether distributions allegedly from Vitalik Buterin, after which he changed his name on Twitter, adding the phrase “Not giving away ether.” As a rule, this is done by scammers from fake accounts. Sometimes a well-known person can advertise some service or asset for money, which later turns out to be fraudulent. For example, the famous crypto enthusiast John McAfee regularly “pumped” on his Twitter tokens of projects that paid him for it.
7. SIM-swapping, or SIM card substitution, is when a mobile operator releases a new version of your SIM card, with which attackers gain access to your wallets.
8. Risk of hacking of a personal wallet or from an exchange. Therefore, it is recommended to protect your wallets as much as possible, store all passwords and access codes in a safe place and not keep large sums on exchanges, withdrawing the deposit to a secure cold storage wallet.

But most of the scams occur when trying to exchange cryptocurrency. There can be many options here.

When exchanging directly for cash, there is a risk that they will simply lock you in the office and leave, taking the money (options can be different: they went to count the bills in the next office and disappeared, “riot police” came into the office and put everyone against the wall, they gave out counterfeit money and etc.) Sometimes the transfer fee is set too low, after which the transaction hangs unconfirmed for many hours. The person does not have the patience to wait, and he leaves after paying for it, and the cryptocurrency eventually returns to the seller’s wallet.

When exchanging through a bot or exchanger, there is a risk that the owners of the resource will turn out to be scammers and disappear with the money. The situation is complicated by the fact that you, as a rule, do not know what exactly is behind this resource.

Another option is to replace the wallet numbers. In this case, a disguised virus is sent to the client, which scans the RAM buffer and is activated after detecting the wallet. When you try to insert an address, it replaces it with a fraudulent address.

Methods for withdrawing cryptocurrency to fiat

There are now countless methods included in the methods of withdrawing cryptocurrency to fiat. It is important not to make a mistake and choose one of the safe ones:

• through top exchanges (for example Binance);
• through time-tested exchangers (for example Matbea);
• through official cryptocurrency “wallets”, if they have such an opportunity (the disadvantage will be the lack of a market price);
• through payment system applications (the same problem with the lack of free market influence);
• through cryptomats (available only in the largest cities).

All others will be either unprofitable or unsafe for a beginner. Always use the safest and most reliable destinations.

Transferring cryptocurrency to a bank card

The approach of transferring cryptocurrency to a bank card is the most common and popular. This is explained by the fact that almost everyone has this financial instrument. And also because it allows you to quickly use finance from the cryptocurrency sphere to purchase goods or services in the ordinary world.

The most successful directions for receiving rubles or dollars for cryptocurrency on your bank card will be the Matbi exchanger and the Binance exchange. Even the algorithm of actions will be similar. The differences are only in the last stages of exchange transactions:

1. Register on the official website.
2. We replenish the storage inside the account with cryptocurrency from another storage (or we buy it into our “wallet” inside the site for other assets).
3. We initiate sending funds to a bank card by indicating the necessary details.

Yes, everything is exactly that simple, no complications in the case of Matbea, where even sending within the system is absolutely free. If you like Binance or some other exchange, problems may arise.

How to transfer cryptocurrency from wallet to wallet

If you need to transfer cryptocurrency to this scheme, then it is quite simple. Regardless of what type of storage the blockchain money is stored in (software client, hardware client, browser client, Matby exchanger, exchange), the operation will be the same.

It is only important to clearly know the recipient’s address and navigate the commission load.

Address

A cryptocurrency vault address is a unique identifier for the vault. It can be compared to a bank account number or Visa/MasterCard card number.

Fortunately, it is almost impossible to send money through the banking system if you make a mistake even by a number. In the case of cryptocurrency addresses, the situation is the opposite.

Therefore, before any sending, it is extremely important to check every digit and symbol of the recipient address. Regardless of the storage service, it will consist of several dozen numbers and letters of the Latin alphabet. At the same time, the case of letters (whether they are large or small) is also important.

Commissions

Fees for sending crypto money are another important part of any cryptocurrency transaction system. There are no free transactions on the network of any such asset.

The commission is always “floating”. This means that it highly depends on the network congestion and the number of miners who work to process sendings in order to earn money on commissions.

During a transaction, you can either set the minimum commission amount for a transaction of your size (it will be processed longer, in order of priority), or independently increase the amount of deductions (the money will arrive at the recipient’s storage much faster and bypassing queues consisting of cheaper transactions).

Translation process

The easiest way to describe the transfer process will be based on the Matbi multicurrency wallet. Let's take an example when you need to send a certain amount of Bitcoins to another user’s “wallet” or another type of storage of yours:

1. Go to the official Matbea website.
2. Through the “Login” item we go through authorization (if you already have an account) or registration of a new user (via phone or e-mail).
3. After entering the personal account on the service’s website, the user immediately gets to a page with dozens of his “wallets”.
4. In the huge list of storages we find BTC Bitcoin and click on the “Withdraw” item to the right of it.
5. We indicate: recipient's address, amount, purpose of payment (if you want).

It is noteworthy that here (just below the sending data) the commission will be automatically calculated. It changes in real time when you change the sending amount and when you check/uncheck the transaction priority box.

Matbi is a Bitcoin wallet and exchanger,

we have been working since 2014

Where to buy Bitcoin and not fall for scammers

With the growing popularity of cryptocurrencies, the number of fraudulent schemes is growing. When exchanging, be careful and choose trusted resources. Do not trust offers to buy or sell cryptocurrency at a discount, from unverified people or on unverified sites. Exchanges can be considered the most reliable resource for exchanging large amounts, but they are not protected from hacking.

Therefore, after the exchange, always withdraw your deposit and protect your wallets. Follow safety guidelines and use cold storage hardware wallets for safe storage. Because transactions are irrevocable, if lost or stolen, assets cannot be recovered in most cases.

Withdrawal through intermediaries

It is important to understand that withdrawal through intermediaries is the last choice, which it is better not to even think about. It is not anonymous and very dangerous. If you use the services of unverified services or individuals, you can run into theft, hacking, or much worse things.

In this article, we talked about a number of services that have been working for a long time, tested by millions of active users and are 100% reliable.

Many intermediaries offer more “tasty” offers. But, as they say, the miser pays twice.

How to make money on bitcoins

The easiest way to make money on bitcoins, which is suitable even for beginners, is passive investing. In this case, it is enough to buy cryptocurrency in order to resell it in a few months or years when the rate rises. In short periods, the rate often sags, but in the long term it usually grows. And the best results come from portfolio investing, when the investor is not limited to one bitcoin, but distributes investments across several top coins. Read more about how to properly invest in cryptocurrency.

Payment systems and electronic wallets

There are different ways to pay for your Bitcoin purchase. There are several options:

• bank cards;
• payment systems - Yandex Money, Qiwi, PayPal and others;
• by phone number;
• cash and more.

Each payment method has its own commission, it may change. At the moment, the best purchases can be made through Qiwi.

When purchasing money, the buyer gives the address to which the coins should be transferred. As a rule, this is an electronic wallet. The data must be filled out especially carefully, since if an error occurs, it is almost impossible to restore the funds.