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EXCHANGE DIGITAL CURRENCY TO FIAT CURRENCY

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Coinbase.com was founded by Brian Armstrong in 2012. Coinbase is one of the largest international brokers based in the United States. They are trusted by over 13 million users. Using coinbase, you can buy and sell 19 different cryptocurrencies, and they support 32 countries, including Jamaica. The platform is known for selling the best digital assets in the market. 

 

Coinbase has an integrated wallet for all offered cryptocurrencies. This means that you can store your purchased cryptos directly in the same environment, and you don’t need a third-party wallet. It is also possible to convert your cryptocurrency to real euros using Coinbase. You can have the amount in euros paid to your verified bank account. 

 

You don’t need to send the Bitcoin to a specific receiving address because the Coinbase wallet is fully connected with all Coinbase services. This way, you don’t have to worry about your coins being delivered too late or sent fees.

The GateHub platform was created in 2014 by a UK company. It was created specifically for storing Ripple (XRP) currency, but now, it trades and supports multiple cryptocurrencies, including fiat currency. The payment gateway supports USD, EUR, CNY, and JPY

 

To deposit fiat currency, verification is required to continue this process. You can fund your account using a bank account through SEPA or SWIFT, making the platform very reliable for users. 

 

Overall, the availability of both cryptocurrencies and fiat money makes GateHub an excellent choice to do business. 

CEX.IO is one of the oldest crypto exchanges available in the world and is trading Bitcoin since 2013. The company started its operations in London as a cloud mining provider and as time passed they reformed into a multi-functional cryptocurrency exchange. You can trade over 80 well-known cryptocurrencies on the exchange. 

 

CEX.IO 3 million plus users have the freedom to trade from any device they want from anywhere in the world with a good internet connection. CEX.IO is available in more than 220 countries around the world. There are some countries in Asia and Africa, where the exchange is not available due to regulatory prohibitions.  

 

The company accepts reliable payment methods like credit and debit cards, cryptocurrency, and bank transfer (SWIFT, SEPA) and they have 24/7 customer support by phone, live chat, and email to answer queries. 

 

The trust of users using this platform from all around the world might make it a reliable exchange option for you. Since the platform is in operation, there has never been an incident of hacking happening to CEX.IO, so it is safe to say that CEX.IO is a secure platform to buy and sell cryptocurrency. 

Nexo is a crypto lending platform that was founded in 2018 by the people behind Credissimo, an organization that has more than 10 years of experience in granting loans. Nexo offers various services in the financial field, and the company is fully licensed and regulated.  They offer a service that allows you to act as both borrower and lender. They have their own Nexo Card with which you can make payments. Nexo brings flexible loans together with blockchain technology, resulting in the world’s first flexible crypto lending system.

 

The NEXO Token is the World’s First US SEC-compliant Dividend-paying Asset-backed Security Token and is backed by the underlying assets of Nexo’s loan portfolio. Nexo is powered by A Leading FinTech Group, serving millions of people across Europe for over 10 years. 

Binance is the world’s largest and most popular cryptocurrency exchange platform. It is a very young exchange platform that was founded in 2017 by Changpeng Zhao. 

 

Binance rose to success after a very successful Initial Coin Offering (ICO) in 2017, the great response towards Binance coin has given the platform a great lead in the cryptocurrency market. At the time of the ICO, 1 single Binance coin was selling for $0.10, now at the time writing this, 1 Binance coin is valued at $27 each. The team behind Binance ICO was good and that has made the company gain highly in the industry from early. 

 

Binance is a cryptocurrency exchange for both inexperienced and experienced traders. It is an easy platform to trade digital currencies to make a profit. The most common method is to exchange Bitcoin, Ethereum, Binance Coin, and  USD Tether (stablecoin), etc. for one of the cryptocurrencies that Binance offers. Binance offers a wide range of digital currency but not all cryptocurrencies are available in this exchange, which is common among all exchanges. Binance is very picky with the digital currency they choose to offer to their users, knowing that scams are very common in the crypto space. 

 

Depositing cryptocurrency is completely free and no fee is charged on the platform. However, to send and to withdraw funds from the platform a different fee is charge per coin, a list is available on the website. To exchange cryptocurrency though a standard fee 0.1% is charged. A nice addition to Binance is that you get a 25% discount on the fee if you use Binance Coin, and when you create an account, this discount is ticked by default in your dashboard. 

 

In 2019, a Binance hack took place in which criminals stole more than 7047 BTC from the exchange. The community was fully informed and all losses were reimbursed from the so-called Secure Asset Fund for Users (SAFU). Due to good communication and compensation for the losses, the crypto community took a very positive approach. To prevent Binance hack in the future, the company has taken various measures to keep user’s currency safe. 

 

Overall, it is a great platform to trade cryptocurrency and profit. 

Skrill was launched in 2001 to conduct Skrill to Skrill money transfers. And then, over time, they evolved to offer a wide range of services, including payment gateways (used for e-commerce), bank account withdrawals, international money transfers as well as cryptocurrency trading. Many Skrill users are Forex traders and online gambling customers simply because they are an FCA-regulated way to hold funds. They have a multitude of ways to fund your account and can be very fast at transacting, which can be very important.

 

For individuals, Skrill also offers a prepaid MasterCard linked to your account so you can easily spend the funds in your e-wallet for online purchases, but this card is only available to authorized European Economic Area (EEA) countries.

 

Skrill is a widely used platform and is a great option to look into for online transactions. 

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