10 facts about cryptocurrency and digital currency exchange
18 03 2019
In the modern world, it is not possible not to use the exchange of electronic currencies. People are active use exchangers. But there are certain rules of currency exchange, on which someone don't pay attention. Here you can see 10 facts about currency exchange:̆
1. Don’t stop only on one point
It is not necessary to say that the exchange rate varies depending on the situation in the market of different countries and demand. No less important causes of exchange rate differences is the ability to exchange the items themselves.
Thanks to the services for monitoring exchange points you can find the most suitable exchanger for you. However, don’t stop just on it, because someone also offer useful bonuses.
2. Terms of exchange of electronic currency are constantly changing.
It is necessary to take into account the fact that the conditions for exchanging e-currency on the Internet change very quickly. Therefore, in order to profitably exchange your currency, you need to constantly monitor the exchange points and monitor their conditions. Thus, you can profitably exchange your money.
3. Fast and slow cryptocurrency exchange.
Most people prefer a "quick" cryptocurrency exchange. Most people prefer a "quick" exchange of crypto currency. That's only by using a longer version of the exchange, you can get absolutely exceptional conditions. Therefore, "fast" is not always profitable.
In order to find exchangers with such conditions, you need to constantly monitor them.
4. You can change any amount, regardless of the exchanger's limit.
If you skillfully use monitoring, then you will be able to exchange absolutely any amount of money. True, not everything is so smooth. You should choose a limit for yourself, because each time it will be a slightly less profitable course.
5. Popular and unpopular exchange rates.
On some sites, you can find statistics for the most popular destinations cryptocurrency exchange. It will help you to choose the most profitable point of exchange and not to lose a lot of money. The "popularity" is defined not only by the demand of this exchange, but also by the available volumes of currencies.
6. It's easy to detect exchanger with rare directions.
With the help of monitoring, you can find exchange points for rare cryptocurrency, for example, transfer from WMZ to Bitcoin.
7. Not all e-currency exchange points working automatically.
Until now, there are semi-automatic or manual exchange points. With the help of them, rare transfers of cryptocurrency are made. Such transfers can not fast, because they require care in filling out forms, as well as waiting for feedback from the operator.
8. In the exchange points there is a minimum volume for exchange.
In the process of finding an exchanger, the best solution is to find out all its characteristics. The size of the commission and the minimum volume for the exchange are very different, depending on the exchange point.
9. Cycle fluctuations of the cryptocurrency course.
If you monitoring exchange offices, you can easily notice the pattern in the growth rate. For example, during the working week the rate increases, as business activity is higher. Accordingly, make an exchange is much more profitable on the weekend. Noticeable fluctuations can be seen during the utility payment period. At this time, the price of electronic currency is much higher than at any other time
10. With the help of an alert, you can change cryptocurrency at a more favorable rate.
Alerts are a powerful tool that will allow you to make an exchange at the most profitable rate. In particular, it is useful if you prefer to exchange currency in a single exchange office - you can subscribe to alerts about changes in rates and conduct a sale at the most appropriate time.
Nevertheless, it is more reasonable to use the overview of many exchange offices at once, as this will allow you to track more changes and choose the most profitable ones. In this case, the number of notifications of changes will be very high, but with them сan help an automated monitoring system. Such a system aggregates all notifications and notifies only the most interesting of them. As a rule, the use of such systems makes it possible to make electronic currency exchange much more profitable than in the case of one exchanger.