By Arthur 
Bitcoin (BTC) is perceived as the most promising cryptocurrency (which is true), but that doesn’t mean it’s not being exchanged for other virtual assets. A popular service is transferring a portion of one’s savings to Monero. The reasons vary, but the main one is the loss of anonymity. All Bitcoin transactions are public, while XMR transactions can be conducted completely anonymously. Coin owners can avoid linking balances and addresses to their identities, tracking transfers, and other issues. They can simply transfer the required amount and maintain privacy. All that remains is to organize the process, and here are several important points to consider, which we’ll discuss in detail later in the article.
Users interested in exchanging BTC for Monero cryptocurrency should be careful at every stage of preparing and executing the transaction, especially if this is their first time.
To ensure a successful transaction, it’s essential to:
- Find a reliable service. To save time and effort, it makes sense to use an aggregator with platform ratings for safe and profitable BTC to XMR exchanges.
- Assess the Bitcoin network load. If it’s too high, the commission is minimal, and transfers are “pending.”
- Meet the exchanger’s transfer amount requirements – each service has a minimum and maximum limit.
- Enter the e-wallet addresses and amount correctly.
- Consider the commission and wait for confirmation from the network.
At any stage, you can contact support for support if you notice delays or other issues.
A successful initial experience does not guarantee that future difficulties will not arise. When selling Bit Coin and buying Monero (XMR), users may encounter the following difficulties:
- Financial losses due to changes in the asset’s value – if you don’t want to suffer from market fluctuations, it makes sense to use an exchanger with a fixed rate;
- A long wait for Monero to be credited after debiting Bitcoin from an e-wallet – sometimes, updating the wallet and checking the transaction status is enough to resolve the issue;
- A request for clarification of data when using questionable BTC sources. To prevent such situations, it is important to use only personal wallets;
- The exchange process may freeze at various stages, starting with sending Bitcoin. Don’t panic; check the TXID, wait for the required number of confirmations, and, in extreme cases, contact the exchanger’s technical support for assistance.
These issues can be caused by various reasons: hacker attacks, technical failures, unprofessional staff, etc. While you can’t insure yourself against this, you can initially choose a platform that meets all the requirements. The aggregator bestchange.com can help with this, as information about resources is already systematized and available for viewing 24/7.
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