7 tips for those who want to make money on the exchange cryptocurrency

In 2018 courses leading digital currency rushed down: someone in a panic selling last, but for others it is a buy signal. We describe how to exchange cryptocurrency without damage to itself and not to run into scams, along with the service BestChange.

1. Do not use a direct exchange

In the case of direct exchange acts as the counterparty private person. For example, your friend or colleague offers to exchange cryptocurrency at a favorable rate. Such offers quite a lot, and on specialized sites and forums, but it is not safe: there is no assurance that a counterparty will not disappear with the money.

2. Compare exchange rates at different venues

To get the maximum benefit from the exchange, pay attention to the course. variation in prices can be quite impressive: in the summer of course Ethereum difference in different exchange offices amounted to 15 dollars. For large transactions this difference translates into serious money.

Compare Rates

3. Check the reputation of the site before the exchange

Some exchanges and exchangers can delay payments. It happens that the payments, they disappear, especially during the withdrawal of funds to bank cards. Before the exchange do not be lazy and read the reviews and reviews on the site. Of course, some of them will be paid for, but the overall picture can be set. The deeper analytics you spend, the better.

Presently BestChange - one of the most comprehensive Russian-language service cryptocurrency monitoring. With it you can choose the most convenient and secure platform: in the service database contains only reliable exchangers with high levels of BL and TS.

4. Always check the address of the sending

Be careful when entering data purse, which are going to send cryptocurrency. Not all services are copied to the clipboard address their wallets, so be sure to check whether you have correctly entered all. One wrong mark - and your money will go nowhere. Among the common mistakes - sending Bitcoin-cache on the Bitcoin address, despite the fact that these are two different cryptocurrency.

Problems often occur by entering the address in the shops taking cryptocurrency. If you have sent money to the wrong address, it remains only as soon as possible to disable Wallet on the Web and hope that the miners did not have time to process the transaction. In this case, you can reconfigure the purse and return the funds back. However, in practice people rarely notice the mistake quickly.

5. Consider the benefits, taking into account Commission

Most kriptovalyutnyh exchanges charge a commission per transaction, input or output fiatnyh money. In some cases, withholding reach 8%, though for the most part of the Commission does not exceed 1%. Nevertheless, we must remember that at every stage there are exchange commission: Gas when translated into essential wallets, the percentage of the input and output to kriptobirzhe, the fee for the conclusion on a card with electronic money services. If you exchange Ethereum at the rate of 8000 rubles, then on hands will get less.

From popular exchanges lowest commission in Binance - 0,1% per transaction. Fees for the withdrawal depends on the current exchange of digital currencies. There are no exchange fees, but cryptocurrency prices there are much higher.

6. Do not make hasty decisions

If you have not been trading professionally, after buying it is not necessary to constantly monitor the courses cryptocurrency. Infinitely calculate how much would you have earned if the wait or hurry, rather harmful than useful. The course may roll, but the new nerves are not buy.

So change everything we wanted to change, and live quietly, checking the rate of interest you cryptocurrency about once a month. Another option - to configure notifications. Service BestChange can notify you by email or in the Telegram, when the rate reaches a certain point.

7. Start with a demo account if you want to seriously engage in trading

Trading - for professionals. This is a job that requires experience and knowledge. In 2017, many have a lot of money simply because time have bought or sold a couple of bitcoins. It is not trading. To be an investor, you need to understand the technical side of the issue, follow the trends and regulators to know famous figures of the sphere. And even with such skills can not be always be in the black.

Traders without experience and hard on the forex market, and on digital currency market where volatility is much higher, it is doubly difficult. Especially now, when an easy profit can be obtained only in the long term and it is not exactly. If you really want to engage in trading, start with a demo account and trade in demo mode a few years. And then try to work with cryptocurrency.