The procedure for converting domestic money into denominations of the desired currency, or vice versa, is familiar to almost every user. It is held by many every year when traveling abroad on vacation and returning home. To exchange it is enough:
- Choose a bank with the best favorable exchange rate (information is freely available).
- Come to the office of a financial institution with a passport and the amount of money to be exchanged.
The transaction takes place in a matter of minutes and according to completely understandable, transparent conditions (the bank's withholding a commission for the execution of the transaction or the difference in the cost of “buying and selling”). With cryptocurrencies, the situation is somewhat different and more complicated. For example, in order to withdraw bitcoin or another type of electronic money, you need:
- Find the corresponding virtual exchange office in the Internet.
- Read the terms of withdrawal, which is a whole list of rules (names of convertible cryptocurrencies, minimum-maximum amount for conversion, commission for the operation).
- Register and transfer cryptocurrency to the terminal of the exchange office.
When exchanging electronic money for real money, the process is a money transfer to the payment terminals specified by the client - a bank card, a bank account or an electronic wallet. In this case, the main advantage of cryptocurrencies - user confidentiality - loses its relevance. Information about such a transfer immediately becomes available to the country's fiscal authorities with all the ensuing consequences.
Cash withdrawal service
You can solve the problem of preserving personal or commercial secrets related to receiving funds after converting cryptocurrencies using the 24xbtc exchange office. The conversion algorithm is quite simple and in practice looks like this:
- Login to the internet resource of the exchange office (works online 24/7).
- Using the terminal calculator to get acquainted with the current exchange rate of certain denominations of currencies for electronic money or vice versa.
- Contacting the point operator and ordering an exchange, for example, bitcoin for dollars or Euros in cash.
- Registration of an official application indicating all the data required for the conversion (type, amount, bank details or recipient's address).
Money is delivered to the client by the courier service, while the geography of the provision of this service by the 24xbtc exchange office is quite extensive (any city in Ukraine, Turkey, Europe or the United Arab Emirates). It is in this way that the complete confidentiality of all functions is maintained
