In recent years, buying or selling virtual currency has become mainstream. Several methods allow you to convert crypto-currencies into liquidity for use in everyday life. Contrary to popular belief, this operation is quick and easy to perform.
The prices of crypto-currencies are evolving. Thanks to Ripple historical price chart, you can observe the evolution of prices and transaction volumes. So you can anticipate a price increase to determine the right time to buy. Before proceeding with the purchase, first determine on which platform to do it. You can choose from the best sites: Bitbay, Bitstamp, Binance, Coinbase, CEX IO Changelly, CoinMama… They don't have the same offers, so study them carefully. The CoronaCoin, the cryptocurrency which consists of make money out of the number of Covid-19 victims divides Internet users. It is based on tokens or tokens totaling 7,604,953,650, which is the total number of the world's population.
Once you have selected the platform that matches your criteria, here are the steps to follow:
1. Sign up to create an account and transmit your personal information: your identity, your e-mail address and your password. You must provide certain documents to prove your identity: an identity card, a driver's license or a passport.
2. Then confirm your registration by clicking on the link sent to you by email.
3. You must make a first deposit, usually by bank transfer. For this, you must enter your banking information. This operation turns out to be delicate. This is why it is important to choose a secure platform to avoid the risk of scams.
4. You just have to proceed with the purchase cryptocurrency by first selecting the type of digital currency you wish to purchase. Enter the Buy Orders or Buy Orders section to view the available offers. Then validate the transaction.
Selling cryptocurrencies is easy and safe. You can go through the exchange platforms by bartering them directly into euros or US dollars and transferring them to your bank account. Coinbase and Kraken are among the platforms offering this possibility. Remember, there are fees with every transaction. Therefore, be sure to choose the platform with the lowest commission if you need to trade large amounts of money. To send euros to your bank account, perform a KYC or know your customer. This consists of validating your identity in order to fight against money laundering. You will be asked for an identity document and proof of domiciliation.
In addition to an exchange platform, you can sell your crypto-currencies via neobanks. You just need to convert them via a bank card such as crypto.com, Revolut, N26 or Wirex and many others to spend them easily. In addition to being simple, Wirex offers a complete offer. Bitcoin ATMs are also a good alternative for those with a bitcoin address. However, this solution is less practical due to the still few distributors in France.