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Exchanging Cryptocurrency To Real Money

Crypto, FinTech. 

Exchanging Cryptocurrency to Real Money

Many people are reflecting on investing and crypto trading. Cryptocurrency is considered to be the best investment option. The main feature of crypto investments is volatility.

It means that crypto prices can change several times a day, not to mention sharp price drops and takeoffs during market trends change. Learning and understanding trading strategies and factors that cause price fluctuations are necessary to advance in such volatile markets.

If you are just beginning to study cryptocurrency subject and don't know how to purchase coins, this article will help you.

What is The Role of Crypto Exchange in Trading?

If you don't have a cryptocurrency yet, you need to buy crypto. Purchasing cryptocurrencies with real money is possible on major exchanges:

• Binance - the largest cryptocurrency service globally.

WhiteBIT - Europe's largest platform. 

WhiteBIT Crypto Exchange

Let’s see how it works with the WhiteBIT crypto exchange.

First, you need to register an account. You'll have to pass the KYC process if you strive to make the most of the platform.

The next step is to add your debit card (which you can use to buy cryptocurrencies with fiat) and move money to your exchange account.

Then place an order to buy crypto. There is a space for selecting the assets you strive to buy and the coins you wish to sell. In our case, you choose the fiat money you put into your account. Pay attention to the bank fee charged for transactions: if you are a customer of a Monobank, there are no fees.

These steps are simple. Similarly, you can convert your crypto coins to one of the proposed fiat currencies and withdraw money to your card. Users who pass KYC have no limits on withdrawing funds from the exchange. WhiteBIT is very popular among novice traders due to its straightforward and intuitive interface.

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