Exchange service at safecurrency.com
About safecurrency.com:
Safecurrency.com is a website that that provides service of exchanging crypto currencies for real money. Its headquarters are located in Germany. However, they are associated with LLP, a private limited company incorporated in Wales and England.
Their number is OC421760 and their registered office is 20-22 Wenlock road, London. England. The reason why I am mentioning this company it’s because contracts and services that are provided with safecurrency.com are in association with this firm and have a high connection value. Services that are provided on Safecurrency.com are only eligible for users and clients who are above 18 years of age. Also, they cannot provide service for clients that are located in any country or residence that is embargoed by the United States of America and if use of service would be illegal or otherwise confront and obscure any applicable law.
Known associates and partners: Crassula, PAYSEND, Cauri(Payment System)
How does the process of crypto exchange work?
This process allows you to exchange any cryptocurrency to another. Exchange fiat money in the crypto, or coin in the money. Currencies set the exchange rate for crypto. The cryptocurrency rate is usually determined by the actions of both buyers and sellers, although there are some different factors that can sometimes affect the current value depending on the market.
Crypto exchanges can have different variety of functions and options. Some are being made for prompt fiat-crypto exchange and some are made for basic traders. Crypto-exchanges that are created and designed for normal traders, allows you to buy a cryptocurrency and sell it with a lower commission fee, than on crypto to fiat exchange option. Also, trading markets(platforms)are designed to charge you fees for use of withdrawing money from an account u are using at the moment.
In conclusion, crypto exchanges are working very similarly to regular stocks exchanges with some minor differences. The major difference is, on a stock-exchange, people that trade can buy and sell a variety of assets, shares in order to earn an income from their changing-rates on which they are working. On the other hand, on crypto-exchanges, merchants use the cryptocurrency pairs to accumulate an earning from the volatile currency that has a high rate at that time.
Exchanging cryptocurrency to money at safecurrency.com
The way of exchanging cryptocurrency to money(cash out) requires a few steps that need to be done in order to efficiently complete the process.
The first starting step is to create a wallet that u can store your cryptocurrency. There are few types of wallets, and they are created to meet your demands and needs. Hot wallet, cold wallet, and software wallet. Each one of them can provide you with needs to exchange your cryptocurrency.
Once u have finished creating your desired wallet u need to store your cryptocurrency on it. Converting cryptocurrency to money(cash)is actually the real crux of the crypto economy, and it’s pending its adoption, as it is directly referring to in real life value.
At the time this article is being written, no bank provides “convert cryptocurrency into cash” service. Some companies are offering nearly similar services, but they are very stuck at the begging point and most of them are still in the developing phase. An option that is cheapest, convert cryptocurrency with safecurrency.com for USD, Euros or your state currency.
Safecurrency.com provides services of exchange in the USD, Euro, GBP, UAH, and RUB.
When starting your exchange, going through a process of verification is required from you. Send an identifying document and a received bill. In some specific cases, your account at the bank will need to pass the transaction test for confirmation and identity of it.
Deposit on safecurrency.com: A wallet-to-wallet transfer
Once you have finished creating an account on safecurrency.com you will currently have an approach to your wallet addresses. Displayed and accessed wallets are your ownership, and they are helping you to exchange your cryptocurrency into real cash and then finish the process of transfer from wallet to your bank account. Now you just have to use currency from your previously created wallet and transfer it to the one you own on safecurrency.com.
Depending on the type of wallet u have, find the fastest step to transfer cryptocurrency that is standing on your wallet by finding and pressing the send button. This is the primary function of your wallet, it should be very easy to spot it.
At this point, you will be asked to input the address. The destination address of the wallet is the one that u have on safecurrency.com. Be precise when giving an address to give the right name for the correct asset. A Bitcoin address only for bitcoin address of the transaction. Ethereum’s value for an Ethereum transaction only etc.
Type it in the required place, type your address of the wallet that is storing your cryptocurrency at the moment.
Double-check everything u entered, everything you have typed. Just to make sure that the required data and addresses that are being displayed on your exchange account are the ones u will be using.
Press send. The transaction usually completes in a few seconds or up to a few minutes only. It can take a bit but not too much more time and u can always see how’s your transaction going by clicking it with your ID of transaction in checking part of site.
After the process has finished you should have received the requested amount that you sent to the website-exchange part. It will appear in your cryptocurrency wallet. U will also receive a confirmation email that your transaction has been completed. This process is a lot faster on safecurrency.com because the company always has stored cryptocurrency for this kind of service,
In conclusion, the process of exchanging cryptocurrency to cash can be seen as a conversion, you are going to sell your currency for a fair amount of money. Simple ways of trade.
If you would like to exchange bitcoin to USD, you have to find the BTC/USD market on safecurrency.com. If you are going to start converting Ethereum to Euro, you must find the Eth/Euro market, etc. The same thing goes with LTC, BCH, ETC, DASH, XMR against GBP, HKD, CAD, AUD, JPY, etc. Locate the exchange part that suits your requirements and needs.
