Bitcoin has rapidly gained popularity in the recent few years that it has been billed the currency of tomorrow. However, most countries and organizations have not fully embraced the technology, making it harder to make real money off Bitcoin. Happily, this article is going to tell you the vital tips to help you choose the best Bitcoin conversion service to profit from your Bitcoins:
i. Do a thorough comparison of different Bitcoin conversion services
There are numerous Bitcoin conversion services out there that offer different conversion rates. You should take the time to scour all the best Bitcoin conversion services and choose one that offers the best conversion rates.
ii. Analyze the costs associated with the various Bitcoin conversion services
Almost all Bitcoin conversion services have a conversion fee, besides the exchange rate. Some have a flat fee for a certain amount of Bitcoins to be exchanged. Other conversion services have set a certain percentage as fees for every conversion you make. It’s prudent to analyze the different costs related to the various Bitcoin conversion services and opt for one that offers the best possible deal. Bitcoin conversion services adjust the service fees time after time. Therefore, make sure you read their fine prints first before you make any conversion to eradicate any future misunderstandings. Some conversion services make it easier for clients by posting any price adjustments on their home page.
iii. Make sure that the Bitcoin conversion service is secure
Security is very important when doing any online transaction. Hackers love platforms where money is involved, and so if you enter your financial details, such as credit card details on such sites, hackers can harness them and wipe your account clean. So make sure the conversion service has a great track record regarding the security of client information. There are many ways to check how safe a Bitcoin conversion service is. You can go to review sites and read customer reviews. You can check if the conversion service displays security badges from reputation security organizations on their website. Also, check if they are PCI compliant and whether they have SSL certificate.
iv. Choose Bitcoin conversion service with a fast conversion time
Some conversion services give a two-day window to convert your Bitcoins. That’s not good enough. Choose Bitcoin conversion services that covert your Bitcoins in a matter of hours.
The main aim of venturing into Bitcoin is to make money. And that involves the ability to convert the Bitcoins into real currency. To get decent profits, choose a conversion service that offers the best exchange rates and low fees. These tips can help you find one.
#Bitcoin analysis firm @elliptic recently released a report showing that less than 1% of illicit #BTC transactions ended at a conversion service. Overwhelmingly though, European exchanges were chosen as the fiat off-ramps.
— Diar (@DiarNewsletter) 22 de enero de 2018