Privacy is a key aspect of virtual transactions, and investors are looking for assets and blockchains that enable it. Monero (XMR), which provides for the use of Proof of Work protocol and additional tools to ensure data privacy, attracts many users. Using an aggregator, you can choose a reliable site and exchange BTC to XMR, but first you need to determine the key criteria and evaluate the profitability of the transaction. Expert advice will help you not to make a mistake.
What motivates to invest in Monero?
Although Bitcoin (BTC) continues to be the leader among virtual assets, it is not suitable for all transactions. Some coin owners prefer to invest part of their capital in Monero, which provides the highest level of anonymity for transactions. No one can find out the recipient and sender, track the amount of the transaction, which guarantees maximum privacy.
The list of pros of Bitcoin to XMR exchange includes:
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Fast and simple private settlements.
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The possibility of conducting financial transactions in states that are subject to restrictions.
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The prospect of capital preservation in hedging and blockchain.
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Diversification of cryptocurrency portfolio.
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Creation of a material foundation in the process of moving abroad.
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Significant prospect of Monero exchange rate appreciation.
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Independence from Bit Coin, Etherium and other digital, fiat assets.
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Ease of mining - mining koins takes less time, which creates optimal conditions for decentralization.
With all the advantages, the Monero cryptocurrency is less liquid than BTC, but more accessible for ordinary users who do not want to face the verification authorities and are focused on safe virtual transactions.
Finding the best portal to exchange BTC for Monero
If you have Bitcoin cryptocurrency at your disposal, which you need to use to buy XMR, then an exchanger will be the best option. But it is important to remember - the services differ significantly among themselves, so you will have to compare:
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reliability of the platform, which is determined by the length of existence and reviews;
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the convenience of the portal interface and its speed;
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the presence of restrictions on the size of one transaction and the number of operations for a certain period (day, week, month);
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the amount of commission and its dependence on the amount of transfer;
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necessity of registration;
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declared speed of operations;
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the amount of reserve - exchangers carry out transfers using their own resources, so if you need to exchange a large number of coins, you need to make sure that the platform has the right amount of virtual assets;
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availability of technical support, its responsiveness and promptness of responses.
A ready-made list of the best platforms according to BestChange will help to speed up the process of selecting a site for Bitcoin (BTC) to Monero exchange - it includes only those services that meet the current requirements of crypto owners.
