Bitcoin falls into the category of the most attractive assets for investment, especially for short-term deals. If they are profitable, then their profit can be easily withdrawn to your bank card. Some owners use peer-to-peer transfers from a cryptocurrency exchange for this purpose, but problems may arise in the process.
A simpler and more convenient option would be to exchange BTC for Monobank hryvnia through a specialized website. By choosing a reliable platform, you can expect a favorable exchange rate, absence of fees, and a high level of security. Some services also provide a certain percentage of cashback from the completed transaction.
Fast online exchange of Bitcoin for Monobank UAH
The speed of the operation of exchanging the cryptocurrency Bitcoin for hryvnia is an important aspect for many users. For this reason, every service tries to ensure that the procedure is carried out as quickly as possible. Selling crypto for Monobank usually takes a few minutes. However, the time may increase depending on various factors.
Among them are the features of the payment system, the operating mode, the amount of funds, and other aspects. In addition to speed, other nuances must be taken into account in the selling process. Here are a few of them:
Established limit for the exchange. It is indicated directly on the organization's website. You can also see the information in the list that opens in the section where the exchange transaction is made on Obmify.
Reserve funds. This is the amount of currency that a specific point has. If the amount of BTC is so large that the amount in hryvnias exceeds this indicator, then buying UAH on Monobank should be postponed until the necessary volume of Bitcoin currency appears.
The exchange rate is also a mandatory criterion. It is set individually for each exchange point. You can see and compare the indicators in the "Giving" and "Receiving" sections. Here you will learn how much you can buy and whether the rate is suitable.
How to convert BTC to Monobank hryvnia without a fee?
Operations for exchanging digital currency for fiat money in Monobank are usually carried out without a fee. It is already calculated at the established platform rate. The user only needs to compare the conditions and choose the appropriate option. In any case, the process is simple. Cryptocurrency owners do not need to undergo verification and provide personal documents. To exchange Bitcoin for Monobank fiat, you need to follow these steps:
Specify the currency pair (Bitcoin and fiat) and the amount you want to transfer from your wallet.
Choose a website that offers the best rate (price of the deal).
Go to the platform.
Fill out an application (you need to specify the amount, account number, and other details).
Make the payment and wait for the funds to be credited to the card.
Once they are credited to the account, you can immediately withdraw cash if necessary. When choosing a service, pay attention to the operating mode. It can be automatic, semi-automatic, or manual.
How safe is the exchange of BTC for UAH Monobank?
This question worries every user who wants to buy Monobank fiat with cryptocurrency. The reliability of the platform is the main factor in this case. It is quite difficult to find out this independently. For this reason, our project was created. The Obmify team performs a thorough check of exchangers. Those that pass it become available to users.
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Currently, there are quite a few options for purchasing and exchanging digital currencies. These options include cryptocurrency exchanges, various services, and, of course, P2P crypto exchanges. How does such an exchange work? You find a person or exchange service willing to sell their coins for hryvnias, agree on the terms, and complete the transaction.
You can search for such a person or service yourself, but that can be time-consuming and inconvenient. Additionally, you never know if the resource is reliable or if it could be a scam (unfortunately, there are many scammers nowadays). That's why we offer a great alternative—using Obmify services. On our site, only verified services are listed, ensuring a safe exchange, as we manually check each one. Simply select the desired pair, and we will automatically provide a list of resources that can perform the exact exchange you need. All you have to do is choose the best exchange rate from the available options. Convenient, isn't it?
There are three main methods:
Hot Wallets: These are programs for storing cryptocurrencies that are connected to the internet. For example, mobile wallets like Trust Wallet, and wallets that can be downloaded to your computer, such as Exodus.
Cold Wallets: These are devices for storing cryptocurrencies that are not connected to the internet, making them secure from remote hacking, thus providing safer storage. These wallets usually come in the form of USB drives or hard drives, such as Trezor or Ledger.
Exchanges: These are online platforms that allow you to buy, sell, and store cryptocurrencies, as well as exchange them. Some of the most popular exchanges available to Ukrainian users include Binance, Kraken, and Coinbase. However, it's important to note that storing crypto on exchanges may not be the safest option, as exchanges and their systems can be vulnerable to cyberattacks, audits, etc.
A less popular option is mobile banking with cryptocurrency support, such as Revolut or Wirex. However, these options are unavailable to clients within our country, unless you live in Europe.
Depending on where you store your cryptocurrency, the following exchange options are possible:
Exchange P2P trading, if your cryptocurrency is stored on an exchange.
Transaction through exchange services, which you can find and compare on Obmify.
Of course, you can also find a person or resource online yourself that can sell you various cryptocurrencies for cash, but in doing so, you would need to check the safety and reliability of the service yourself, which can take a lot of time. Obmify has already done this for you. In other words, the list of crypto exchange services you see on our pages has already been manually checked for safe cryptocurrency exchange, which is our main advantage.
Additionally, Obmify offers a rating of exchange points (cryptocurrency exchanges). After making an exchange, you can leave feedback on how the transaction went with that particular exchange. Using our platform, you can withdraw cryptocurrency into foreign currency, into hryvnias, or make a bank transaction to your account or card. With us, you can buy cryptocurrency with a card, sell cryptocurrency, boost your financial status, or start a startup in the world of crypto safely and without risks.
There are many services where you can check the current rate and value of each coin online before buying or selling. For example, crypto.com, coinmarketcap.com, coindesk.com. Also, if you use cryptocurrency exchanges, you can get the current value of digital assets from their interfaces.
Among the many coins that exist today, only some of them are stablecoins, meaning they are tied to a specific fiat currency. For example, USDT, USDC, BUSD, DAI, etc. Their price is calculated based on the rate of the regular fiat US dollar. That's why they are called stablecoins, "stable" meaning steady. Stablecoins are actively used in trading when it is necessary to lock in profits.
The rest of the cryptocurrencies are quite volatile coins, meaning their rates often change rapidly. If you invest your money in such coins to make a profit, you need to always stay on top of the situation, be online, and monitor the prices. This helps you quickly decide whether to exchange, sell, or buy a particular coin.
Since we're talking about personal finance, such information is quite subjective. We believe that every trader should independently analyze the market and choose which coins to buy for their investment portfolio. The most popular coins for investment in 2024 include:
BTC - Bitcoin
USDT - Tether: Since it's a stablecoin, this coin is not for investment but for buying other coins.
ETH - Ethereum
XRP - Ripple
LTC - Litecoin
XMR - Monero
However, this list is constantly changing and being updated, just like cryptocurrency prices. The list of available pairs for exchange on Obmify is also changing. We wish everyone a successful and safe exchange!
The exchange time depends on several factors, including the type of cryptocurrency, the crypto exchange service, network load, and the exchange method. On average, exchanging cryptocurrency can take from a few minutes to several hours. For example, Bitcoin exchange transactions can take from 10 minutes to an hour, depending on the fee you are willing to pay. The exchange of other cryptocurrencies, such as Ethereum or Litecoin, usually takes less time, just a few minutes.
The fee for exchanging cryptocurrency can vary significantly depending on the platform and the selected cryptocurrency. Typically, fees range from 0.1% to 1% of the transaction amount. Some platforms offer discounts on fees for users who have a high trading volume or use the platform's native tokens. Additionally, the exchange fee can be influenced by other factors, such as network fees, which vary depending on network load and can be especially high during periods of increased demand for exchange.
A crypto exchange is an online platform that allows users to buy, sell, and exchange cryptocurrency.
Obmify helps users find the most favourable cryptocurrency exchange rates from verified crypto exchanges by displaying a list of the best deals in real time.
Obmify supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Tether, Ripple, Monero and many more. Choose the best exchange rate among the available exchange platforms.
Yes, you can exchange crypto for gold with Obmify. For example, Tether TRC20 (USDT) can be exchanged for physical gold 50g, 100g or on ounce.
