Investment in digital assets means purchasing funds to sell them at a higher price later. Usually, investments mean long-term buying assets. Such promising coins as Bitcoin and Ethereum are the best options to purchase for the long-term perspective. Trading digital assets means a shorter period between buying coins and selling them. Sometimes, it even takes a couple of minutes – short trades to make money from price changes in the shortest possible time. In this case, people use the help of automated trading programs because humans cannot monitor frequent and quick price fluctuations.
To buy and sell cryptocurrency, they use special services, which are called exchanges. Different platforms have various options for traders. That may be simple exchangers or advanced and large regulated platforms. Every user picks the most suitable according to his needs.
To hedge risks and save capital during huge market drops, investors use stablecoins. These are crypto funds with links to some stable currency from the real world. For example, Tether USDT is a stablecoin pegged to the US dollar. BTC USDT is one of the most popular positions on all crypto services. That is, by converting this pair, you can easily move your capital from crypto Bitcoin to crypto dollar.
How to Convert to Dollars Directly?
An important option in investments is the possibility of converting digital money to euros and dollars directly. For example, when you need to cash your funds out and move them to your bank card or if you want to deposit fiat and buy digital money for it. So there is a necessity to work with a cryptocurrency exchange that allows conversion to dollars and cashing out.
What services allow for this option? Here are some of the most used:
- Binance
- WhiteBIT
- Coinbase.
All of them are regulated services, which means they ask for your personal data to ensure you are not a fraudster, to check your past, and find out if everything is clean there. Not all users agree to provide their personal information; however, it is the only way to reach the fiat-crypto conversion.
Use, for example, the WhiteBIT platform’s crypto converter. It is straightforward to handle, even if you are a novice user. Select Bitcoin in the list placed on the left side and USD in the list proposed on the right side. Then indicate how many BTC you want to convert to dollars and see the current rate for this operation. Pay the commission, and you will receive dollars on your card in a few minutes.
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