Ethereum is the second most popular and valuable cryptocurrency in the world. It is mined and received as payment for services, but often, to spend it, the boundless expanses of the Internet are not enough. Then, the question arises of exchanging a digital asset for real money. One of the prosperous areas is Ethereum – Monero.
Online exchangers help exchange Ethereum (ETH) to Monero (XMR), and many of them can be seen by going to Bestchange. Also, the procedure can be carried out using the cryptocurrency exchange. Which option is an individual decision because both have pros and cons? A small overview of the main features will help determine the withdrawal method.
Exchange Ethereum (ETH) to Monero (XMR) through exchangers: pros and cons
To withdraw Ethereum (ETH) to Monero cryptocurrency, most users choose an aggregator of famous exchangers, such as https://www.bestchange.com/, because transactions through them are:
- just;
- fast;
- comfortable;
- it’s clear;
- confidentially;
The registration procedures and the passage of identity verification do not complicate the use of the exchange service. Withdrawing Ethereum to a Monero is a matter of a couple of clicks: an application for the exchange is filled in (the information necessary for the transaction is entered into it) and paid (for this, you will need to transfer the Ether to the wallet specified by the exchanger).
An exchange is made in a few minutes, almost instantly, but when the system is loaded, it may take some time. Transactions are carried out around the clock. The risk is excluded if you contact a trusted exchanger.
The exchange rate of the Ether cryptocurrency in all exchange services is different; there may be additional commissions. Therefore, before the exchange, it is rational to compare the offers of several resources to do everything with the maximum possible benefit.
Compared to a cryptocurrency exchange, the disadvantage of exchangers is only the exchange rate. You can find a better deal there. Otherwise, exchange services BestChange have more pluses.
Exchange Ethereum (ETH) to Monero (XMR) through the exchange: pros and cons
A small minus in the form of a course is an essential and decisive moment for many. It is more profitable to make a deal on a cryptocurrency exchange. There, Ethereum is traded on the best conditions, but you need to:
- find a site;
- register and verify;
- understand the principle and several nuances of work;
- add Ethers to your account;
- create an order and wait for a suitable counteroffer;
- withdraw the money received in the account from the transaction to a bank card.
On cryptocurrency exchanges, Ethers are traded more expensively; you can get significantly more for them, but more time will be spent, and the procedure itself is not without difficulties.
Not all users know that exchanges charge commissions for withdrawing money, and often, they significantly reduce the transaction’s profitability. When choosing a site, you need to be interested in this moment.