When planning to exchange Tether BEP20 (USDT) to Monero (XMR), you should know that this problem can be solved in several ways: through a cryptocurrency exchange, a private person, or an electronic exchanger at https://www.bestchange.com/tether-bep20-to-monero.html. The best solution among these options is the last one because:
- To buy the Monero cryptocurrency on a crypto exchange, you first need to top up your account with Tether USDT stablecoin in BEP-20 network, then place the appropriate order and wait for it to be executed. The transaction will be carried out considering the type of order – either immediately on current market conditions, which may be unprofitable, or when a suitable counter-offer appears, but how long you will have to wait is yet to be known. It is for these reasons that this option is not in too high demand;
- Working with individuals and conducting exchanges in a P2P format often turns out to be unprofitable and inconvenient. They set inflated commissions, may use outdated rates, and usually have small reserves;
- transactions with exchangers are carried out at current rates, and commissions often fluctuate within 1% of the converted amount. Moreover, such services allow you to exchange both small and large amounts. The conversion itself takes about half an hour. Cryptocurrency transfer can be done to any wallet, not necessarily opened on a crypto exchange. This is a plus for those who plan to store digital coins for a long time.
Now it’s clear why most network users prefer to buy Monero through https://www.bestchange.com/list.html electronic exchange websites. It remains to understand the intricacies of the operation.
How to make a profitable and successful exchange?
To make the transaction as successful as possible, consider the following points:
It is better to buy cryptocurrency at its maximum decline in value. You can determine such a period by reading the Monero exchange rate chart.
Carefully study the conditions for fixing the rate in the rules of a particular exchanger. Objectively evaluate your capabilities. You must manage to transfer assets while the price remains unchanged.
Enter all data in the application correctly and provide up-to-date information. Any hiccups may make it impossible to exchange currencies quickly, and you will miss out on favorable conditions.
Be sure to pay the application within the deadline set by the exchanger. Do not transfer money after it expires. Then, the application will already be canceled, so the assets will be returned to you but with the deduction of penalties and commissions. Some exchangers do not carry out refund operations at all.
These are the most essential points that you should consider.
How to avoid difficulties during the exchange?
To ensure that currency conversion is successful and not accompanied by hiccups, consider the following points:
- the application must be paid within the period specified in the service provider’s rules. Violation of the designated time will be grounds for cancellation of the transaction. To complete the exchange, the application will need to be filled out again;
- you must transfer to the balance of the exchange service BestChange exactly the amount of crypto that you indicated in the application;
- the application should be filled out as carefully as possible, checking all information for errors. For example, it is essential to spell your email address correctly. It is through email that exchangers often resolve important issues
Be sure that by taking a responsible approach to currency exchange, you will organize it easily, quickly, profitably, and safely.