BTC Processor

Started by amitkedia, Jun 28, 2022, 12:03 PM

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amitkediaTopic starter

I'm looking for a company which process BTC and make a withdrawal for a bank account. I know one, but it makes a withdrawal only to SEPA banks, but I'm interested in international bank. Can you advice something?


I only have experience with CoinPayments as one of our partners asked to include it as payment method in our sitebuilder's shop module, but maybe or BitPay?
If you find an interesting alternative, I'd be happy to give it a try too


There are various ways to invest in digital assets.

The first and easiest of them is through crypto exchanges. To do that, it is enough to create an account on them and transfer money to it. It is worth remembering that a commission is charged for depositing funds, which on average can be 3-5%.

Another way to buy cryptocurrency is through an exchanger. There you can buy bitcoin and other digital assets using bank cards, electronic payment systems, and even cash.

Often, commissions in exchangers are lower than on crypto exchanges, and average 1-4%. However, then you will still need to create an account on a crypto exchange or a crypto wallet in order to store the purchased coins.

The third way is to purchase digital coins "from hand". They can be bought from other users for cash or bank transfer.

How to properly store cryptocurrency

The easiest and most convenient way is to keep the cryptocurrency on the exchange. This will allow you to quickly exchange your assets for fiat or stablecoins. At the same time, it is believed that trading platforms are not the safest place, since they are all subject to hаcker attacks.

You can also store digital assets in browser-based crypto wallets such as MyEthereumWallet, in applications on your phone or computer. Some of them provide the ability to pay for goods and services using cryptocurrencies or exchange them for traditional money and other coins.

The safest way to store cryptocurrency is to use a hardware wallet. However, in that case, the user does not have the ability to quickly get rid of his cryptocurrency if unforeseen circumstances occur. To sell your coins, you will need to use the services of a crypto exchange or an exchanger, and this takes time.

Main danger
The most risky way to buy cryptocurrencies is by hand. There is a chance of losing not only funds during the exchange, but also endangering your life. Adding to the risks is the fact that the digital asset industry is poorly regulated, which will make it difficult to prove one's case in court.

When buying coins using exchangers, there are several risks at once. The main one is to contact an unscrupulous service or scammers. You can also make a mistake when filling out an application for the purchase of an asset. In that case, the funds will simply "burn out". They will not be returned, since it is impossible to cancel the transaction in the blockchain.

When investing in cryptocurrencies through trading platforms, you should use only the most famous of them - they are more reliable. In the case of small exchanges, there is a higher risk that they will go bankrupt or be unable to resist a hаcker attack due to weak security systems.

For an inexperienced investor, it is safest to start by creating an exchange account and replenishing it with a small amount. It can be used to buy stablecoins such as USDT, TUSD, BUSD and others. These are cryptocurrencies with a fixed rate, which are backed by the US dollar.

By storing capital in stablecoins, the user does not risk, as he is protected from the volatility of the price of cryptocurrencies. This will give the user time to familiarize themselves with the interface of the exchange and its capabilities.

It is advisable to invest in the leading cryptocurrencies by capitalization, such as Bitcoin, Ethereum, XRP, Litecoin and others. The lower the coin is in the ranking, the higher the chance that that project is abandoned or may be so in the future.

It is safer to invest in cryptocurrency in parts and after a strong fall in its rate. that strategy is called averaging and is used to find the best price for investing in digital assets.