Bitcoins only appeared in 2009, but they were not taken seriously for a long time. Now, when the price of Bitcoin is rising every day, people want to buy them. But they only have fiat money with them, and exchanging them for cryptocurrency is not so easy. It’s not easier with electronic payment systems, because here too there are some nuances. Today we will try to show with an example what to do to replenish a cryptocurrency wallet using funds from a Yandex.Money account.
What is a cryptocurrency exchange office?
Exchange offices, popularly known as “exchangers,” are services that allow you to conduct various transactions for the purpose of exchanging cryptocurrencies or fiat money. Most of them are presented in the online environment and allow you to make transactions without wasting time searching for a stationary exchange office.
Hundreds of exchangers and frequent changes in the exchange rate have made it difficult for individuals to independently monitor information regarding profitable offers. Therefore, special portals have been created that allow you to literally track the best offers in a few seconds.
Monitoring portal ExNode
Our site works with more than a hundred exchange offices. And each of them passed the test. Users who work with certain services also help evaluate the quality of their work. You can see their opinion in the exchanger’s profile.
How to choose a direction and find a profitable course? Simply enter the required data in the table on the left. For example, YuMoney -> Bitcoin, and information with exchange rates will appear on the right.
Exchangers are carefully studied before being included in the table. In addition, all of them have been tested by time and other users for transparency and security of transactions.
Purchase by personal agreement
The oldest way of trading “hand to hand” is also suitable for cutting-edge digital assets.
To buy Bitcoin using funds from a Yandex wallet, you will have to find someone willing to sell the cryptocurrency. The problem with this type of transaction is the vulnerability of the parties. The first one to make a transfer can only count on the partner’s honesty. If the other party does not fulfill the conditions, it is impossible to cancel the payment. It is also impossible to prove anything in court. Russian legislation does not consider cryptocurrencies as assets or means of payment.
The only way to protect yourself is to deal only with good acquaintances, friends or relatives.
When agreeing on the exchange rate for direct exchange, you can rely on data from exchangers and exchanges. This makes it easier to reach a compromise between the seller and the buyer.
The only advantage of this method is the complete absence of commission. However, the risk and inconvenience rarely compensate for this minor benefit.
What is YuMoney?
The most popular payment system in RuNet is Yumoney. Previously known as YandexMoney. It has been on the market for more than 18 years and offers its services to businesses of any segment - B2B and B2C. The system is also successfully used by individuals.
Yumaney allows you to create an electronic wallet that makes it possible to carry out various exchanges. According to statistics, the wallet of this payment system is the most popular in Russia. In addition, you can create a plastic card for it, which can be used to view and manage your balance.
Is it possible to buy Bitcoin through YuMoney?
Unfortunately, holders of the YuMoney wallet do not have the opportunity to carry out the YuMoney -> Bitcoin transaction. This can be done in several ways - through an exchange, p2p platform or exchange offices.
- Exchange. It is a platform that allows for exchanges in almost all directions. But the popularity of this exchange format is inferior to exchangers due to inflated commissions (often they are hidden). In addition, exchange platforms require mandatory registration, which greatly complicates the work for users who want to conduct a transaction quickly and without unnecessary red tape. There are also risks with hacking.
- P2P platforms. They represent an environment where the buyer and seller conduct a transaction without the participation of a third party. All users need to do is go to the platform, leave a request to buy Bitcoin at the appropriate rate. As soon as there is a seller who is interested in your offer, you can negotiate an exchange. It seems that everything is easy and simple, only there is one big “But!” Such platforms are not responsible for completed transactions; transactions are not regulated by anyone. Therefore, there is a high chance of getting caught by unscrupulous sellers.
- Exchange offices. These services are better suited for YuMoney -> Bitcoin transactions. Firstly, commissions here are always included in the rate, which allows users to calculate the exact withdrawal amount. Secondly, exchangers can be monitored for their security. Thirdly, users themselves can leave ratings about the work of the exchange office.
Finding the best exchanger on Bestchange
If you have at least once exchanged cryptocurrency for fiat money or any other direction, then you know that it is most profitable to do this through exchangers. But there are many of them. How to find out which of them is the most profitable to buy Bitcoins by paying for them from your Yandex.Money account? Few people want to lose money buying cryptocurrency. And it’s very easy to get into a service with unfavorable exchange conditions. In addition, many resources work too slowly, causing the client to waste time.
But there is a chance to forget about manual searching once and for all. There are services that show how to buy Bitcoins for rubles with Yandex.Money. And one of these services is monitoring exchangers BestChange.ru. It was created in 2007, and since then it has been one of the most popular resources in the CIS countries. On it you can find world-famous exchangers, so residents of different countries of the world can use its services.
Nevertheless, now we are talking about the Russian-speaking audience, because we will buy the BTC cryptocurrency in exchange for Yandex.Money. And this electronic financial system is mainly used in Russia.
Why you should use BestChange.ru:
- Using this service, you can quickly select a complete list of exchangers offering cryptocurrencies in exchange for rubles from the Yandex.Money system;
- You can select a resource at a favorable rate. After the user enters all the necessary details for the search, the system will sort the exchangers depending on the rate they offer. The first items on the list offer the most favorable exchange conditions;
- Thanks to this service, people can receive the most up-to-date information about exchange rates. Information on this service is updated every eight seconds;
- The service has a support service that will provide detailed consultations with beginners.
Today, this monitoring provides access to all popular exchange directions.
For example, with its help you can select one exchanger by using the Yandex.Money wallet and sending cryptocurrency to the Blockchain wallet. And if for some reason exchangers cannot exchange cryptocurrency (there are not enough reserves or something like that), you can use the “Double Exchange” function. In the service, you can set a commission in the “Calculator” tab, and then the monitoring will show exchangers taking into account the commission of each. This circumstance can greatly change the layout of exchangers. Former outsiders with small commissions will become leaders, while sites with favorable conditions but high commissions will end up at the bottom of the rankings.
How to make a transaction without commission?
Unfortunately, it is impossible to carry out YuMoney -> Bitcoin transactions without commission. You, as a user, can reduce these costs by using the ExNode website. It will help you monitor profitable offers.
The principle of transactions on all exchangers is almost the same: enter the amount of bitcoins purchased - indicate the details and check them - send and confirm the application.
You need to confirm your application as quickly as possible. Many services allow users to carry out this manipulation at a certain time - 10-30 minutes. If the application is not confirmed, the site administration will cancel it.
Sometimes it happens that a transaction cannot be completed due to insufficient reserves. What to do then? Use the “Track” option. Set the parameters in the exchanger, enter your email address and as soon as the reserve you need appears, the system will send a message.
Exchanges: operating principles, pros and cons
Crypto exchanges are platforms that allow you not only to exchange cryptocurrency for fiat in different ways, but also to monitor the movement of its price and speculate on it, provide the opportunity to respond to other people’s purchase and sale orders, create your own and participate in auctions and trades.
The main advantage of exchanges is their reliability and stability. Usually these are international platforms that unite traders from all over the world into a single community. Users are confident in the safety of their funds. Other advantages:
- Low commissions
- Current, not overpriced rate
- Multi-currency wallets and access to a large number of assets
Flaws:
- Mandatory registration and complex mandatory verification
- Few supported payment methods
- Limits on input and output.
Exchanges are the choice of those who want to reliably protect and work with a large amount of funds. If you need to exchange small amounts and withdraw frequently, it is better to choose another method.
Exchange for working with Yandex.Wallet
There are more than 300 crypto exchanges, but only a small part of them are convenient for working with Russian payment systems. The most popular one that supports them is EXMO.
In 2013, this platform was registered in London by financiers Ivan Petukhovsky and Eduard Anufriev. Now it is the main exchange for traders in the CIS. Advantages in numbers:
- Daily trading volume $200 million
- Monthly trading volume 180 thousand BTC
- Attendance - more than 6 million users per month, the number of online users does not fall below 20 thousand
- 88 pairs for trading
- 5 fiat and 29 cryptocurrencies
- Included in the top 25 exchanges by daily trading volume and in the top 10 best trading platforms in Europe
- “Best Exchange 2022” according to BTC Awards 2022 CIS
The exchange insures user funds 100%, charges small commissions, has never been hacked and reliably protects user data (even though verification takes only a day), and owns its own token. The company's office is located in Barcelona and is open to the public. The main address is exmo.com, the mirror is exmo.me.
There are two more proven and fairly popular European exchanges that support Yandex.Money - LiveCoin and Yobit. They compare favorably with EXMO in the number of assets for trading, but their trading volumes are smaller.
Registration and purchase
We show you what registering and purchasing Bitcoin for Yandex.Money on EXMO looks like.
Step 1. Registration. Fill out the standard form on the website. Please indicate your Google mailbox - sometimes confirmation emails do not arrive due to problems. Within a few minutes you will receive an email with a link to activate your account. Follow it to complete registration.
Step 2: Set up your account. Set up two-factor authentication through Profile Settings. Click “Enter SMS code”, enter the number and click “Check”. Enter the code you received to activate the feature.
Step 3. Exchange of funds. It is carried out through the services Prostocash, Xchange, 60cek or directly on the exchange, without commission.
How to make money on the YuMoney -> Bitcoin exchange?
There is no way to make money on the exchange itself. But clients of exchange offices can take advantage of their offers. For example:
- Kalym for registration. Exchange offices do not require their clients to create an account, but if you want to get a discount on your first exchange, you will have to register. Not all services offer such opportunities.
- Cumulative discount or loyalty program. The more often a registered client uses the services of a particular exchange office, the faster the discount on YuMoney -> Bitcoin exchanges grows. Usually this system is specified in the site rules.
- “Affiliate” or affiliate program. Again, to become a participant in this program, the client needs to register. After registration, go to your personal account, and then to the “Affiliate Account” section. This is where users will find all the necessary materials and links for posting them on third-party sites. The more people who come through the client’s advertisement and conduct a transaction on the site, the greater the percentage the partner will receive from the transaction.
Verified exchanger 24paybank
You can exchange Yandex.Money for Bitcoins in one of the best exchangers of our time - 24paybank.
To get cryptocurrency using it, you need to do the following:
The top field indicates the amount in rubles. But you need to take into account that the exchanger charges a commission. In the Yandex.Money system, this commission is 0.5% of the transfer amount. It turns out that if you transfer 5,000 rubles, minus the commission, the amount will be 4,975 RUR. So in the exchange application you must indicate 4975 rubles;- The next field will show the exact number of Bitcoins that will be transferred to the Blockchain wallet. But if a person needs exactly a certain amount of cryptocurrency, then this field is filled in first. And the amount that needs to be transferred will appear in the window with Yandex.Money;
- In the “Wallet for payment” field, you need to write the number of the wallet from which you will transfer money;
- Then in the line “Your e-mail box” enter your e-mail address;
- Before replenishing your Bitcoin wallet using Yandex.Money, enter your Bitcoin account number in the “Wallet to receive” field and click on the “Start exchange” button. After this, the page should be updated and the application will be assigned a code that identifies it;
- Now you need to go to the Yandex.Money page using the link provided by the exchanger, and from there transfer money to the exchange resource system. The service can even provide discounts to registered users;
- When the money is debited from the account, you need to click on the “I paid” button.
After some time, the cryptocurrency will appear in your wallet. You already know how to transfer money, but using these instructions, you can also make a reverse transaction.
