Is your Bitcoin wallet full? Were you given Bitcoins as a payment for services rendered, but need to exchange those bit coins to cash so that you can pay off some of your bills? The good news is that it is just as easy to turn a Bitcoin to cash as it is to purchase Bitcoins in the first place! The key to having a successful exchange is to find a trustworthy exchange that will promptly follow through with the transaction.
If you’re looking to change your Bitcoin to cash, then here are some of the attributes to look for in a good online Bitcoin exchange company:
Cash conversions should not involve any fees. Although many brokers of Bitcoins will charge a small fee for the purchase of Bitcoins with traditional currency, often about 2% of the total transaction, the best brokers do not charge a fee to convert your Bitcoins to cash. Some online brokers, however, try to skim the top coming from both directions. Watch out for the double skimmers and instead look to put your faith into an exchange that won’t charge you coming and going.
Use a Bitcoin broker that doesn’t hide who they really are
Though the Bitcoin purchasing process holds an advantage because it is private, secure, and often anonymous, that doesn’t mean you want your broker to be fully anonymous. Why? Because if you happen to use someone with questionable ethics, you may be left without recompense should your money be used for something besides the Bitcoins you’re trying to get. Use brokers that don’t hide who they really are because this allows for a level of accountability and trust on your part.
Does the broker offer real-time access to news, data, and other Bitcoin information? In order for you to make the most out of a Bitcoin to cash exchange, you need to have relevant data that will help you maximize the profitability that you’re looking to find in such an exchange. The best Bitcoin brokers provider their members with access to Bitcoin articles, data about the history of its exchange rates, and other information that can help you make an empowered decision.
Can you get at minimum 24/5 support? Many Bitcoin exchanges are only operated during business hours, which makes it difficult to take advantage of a high value exchange at times. At minimum, you’ll want to look for a broker that offers 24/5 support, with a goal of finding a trustworthy Bitcoin broker that offers 24/7 support. A good price can happen at any time and if your broker isn’t open, you’re going to miss out!
Your chosen broker should be concerned about growing your assets. Like it or not, even online Bitcoin brokers must develop relationships with their customers in a limited way. This relationship must be based on something that works to your advantage: growing your wealth. By growing your wealth, a broker will also grow their own wealth, creating a double win scenario. Even if you just need a simple Bitcoin to cash transaction, this relationship will always pay off!
Are you looking to exchange Bitcoins to cash today? Then use these tips to find the right broker to exchange currencies for you so that you can maximize your profitability!