Exchange rates of electronic and digital currencies

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2016-06-12 00:00:00:


Many Internet users have electronic money that is stored in the accounts of certain payment systems. Such funds can be used to pay for goods / services. Everyone keeps money in a certain virtual currency. From time to time you have to transfer funds from one currency to another. Therefore, customers of payment systems need to monitor the exchange rate in order not to lose on conversion.

Electronic currency - advantages and disadvantages

Virtual money is analogous to real cash. Accounts opened in electronic payment systems are a kind of virtual bank account. Payments are made quickly, without queues, change, security against counterfeiting, simplicity, confidentiality of use - the main advantages of virtual funds over cash. Registration, maintenance of virtual wallets is free.

Along with the advantages of such a currency, there are also its disadvantages:

  • Lack of legal regulation.
  •  Not a generally accepted payment instrument.
  •  The likelihood of a virtual wallet being hacked.
  •  An Internet connection is required for making payments.
  •  Linking an account to a mobile phone number.
  •  Not all stores accept virtual money.

Electronic payments greatly simplify the buying and selling process. But there are situations when the seller can accept payment in one currency, while the buyer has another in his wallet. To make a purchase, you must exchange funds. In order for the conversion to be profitable, and the purchase itself, too, it is necessary to track the exchange rate of electronic money. 

 

The exchange rate of electronic money is set by exchange offices

Specially designed services will help you choose the most suitable e-money rate. They work around the clock. The automated resource monitors exchangers, analyzes exchange rates on the Internet, and then displays only those exchange offices that offer the most favorable rate. Monitoring is carried out every 3-4 minutes. Therefore, users can quickly select an exchange office for converting one currency to another, which offers the best exchange rate at the moment.    

Using the analytical information of such services, the owners of virtual wallets save up to 10-15% of their personal funds.

Many exchangers attract customers with additional discounts and all kinds of bonuses. Each user makes a decision independently. Exchange offices accept QIWI, WebMoney, Okpay, PayPal, Yandex.Money, Bitcoin, Z-Payment, and other electronic currencies.

There is a possibility of withdrawing funds to a bank account or plastic card of banks that use Internet banking in their work. Naturally, you will have to pay a commission for the withdrawal, lose on currency exchange if such a conversion is necessary.

 

Payment systems exchange rate

The most popular payment system WebMoney has many cash equivalents. You can open a virtual wallet in many currencies of the CIS countries, world currencies. Whereas Yandex.Money works only with rubles.

With the help of WebMoney, users receive a salary if the field of activity is related to the provision of services via the Internet, information business. Therefore, for them, the issue of withdrawing funds to a real account / card, a favorable rate of electronic money, is extremely acute . 

Currency exchange is provided within WebMoney. Most users track the exchange rate of electronic money in the payment system on a daily basis in order to make an exchange at the most favorable rate. If the transfer of funds from one wallet to another is not urgent, it is better to wait for the right moment when the loss of money during the exchange will be minimal.  

 

How to make money on currency exchange on the Internet?

If a user wants to use funds from his virtual wallet not to pay for purchases in online stores, but in order to generate additional profit, he should pay attention to business forums.

On such sites there are entire sections dedicated to making money on the exchange of virtual currency. The registered user sets the exchange rate himself. You just need to study the rules of the forum, create an announcement / topic with conditions for the exchange. It is desirable to indicate the maximum size of the exchange. So that the buyer knows how much money can be counted on. 

The second option for making money on the exchange of virtual currencies is to create your own monitoring system. The income will be received within the framework of a partnership agreement between the analyzed exchange office and the monitoring resource. All transactions made by going to the exchange office from such a resource will be paid. The amount of payment depends on the terms of the partnership agreement.

What determines successful earnings on the exchange rate?

It is more difficult for newbies to get a client. You need to earn a positive reputation, a lot of good reviews. This is a difficult job that requires time and dedication. To minimize the risk of losing money, earning a decent income, you should consider the following nuances:

  1. Do not hesitate to reply to a potential buyer. No one will wait long, they just find another seller.
  2. There is no need to openly write that you are engaged in an exchange. Payment systems control independent currency exchanges. There is a risk of account blocking. After that, the course of electronic money will be simply uninteresting. 
  3. Do not exchange with clients who are "found" via email. These could be scammers.

The exchange rate of electronic money can be profitable for owners of payment systems, exchange offices and ordinary owners of electronic wallets. The main thing is to take responsibility for all financial transactions.