(!) All commissions of EXBASE.IO and payment systems are included in the price. The payment card issuer may charge an additional fee for the operation. The purchase and sale rate is focused on the course of the world's leading cryptocurrency exchanges and updates every 20 seconds.
- 1. Why is it profitable to make exchange on the EXBASE.IO platform?
We conduct operations that are based on Kraken / Coinbase / Bitfinex exchange rates at cross rates to local currencies. Our platform has direct agreements with payment service providers, bypassing intermediaries. Thus, we got the opportunity to conduct fiat operations with minimal commissions. This allows us to offer a more profitable course to our users
- 2. How exchange rate calculates?
The rate is determined by the purchase calculator and is calculated as the international exchange rate + payment system commission + blockchain network commission + small EXBASE.IO fee for the operation.
- 3. At what moment transaction rate fixes?
Exchange rate fixes at the moment when EXBASE.IO system receives the assets on it's wallet / account.
If you send cryptocurrency it happens after few network confirmations.
If you buying crypto for fiat, exchange rate fixes after confirming card withdrawal (entering 3DS code).
- 4. Are additional commissions charged during purchase?
All commissions are inquired in the exchange rate calculated by our purchase calculator. In rare cases, additional payment may be charged by the bank that issued the payment card, for example, if you use a credit card or a card with a currency that does not coincide with the payment currency (then so-called currency conversion happens).
- 5. Do I need to pass registration for exchange operations?
No, you don’t have to register an account in the EXBASE.IO crypto wallet for using quick exchange service. However, registered users don’t need to enter their data each time to make an exchange, and after registration, you will be able to use more website features for buying, selling, exchanging, storing, receiving and sending cryptocurrencies.
- 6. Do I need to go through KYC / AML when I use the quick exchange service?
Most exchange operations doesn't require KYC / AML.
During exchange with fiat currencies, in order to counteract fraudulent transactions, we may request to verify the card.
At the current moment, we support only operations with cards issued by banks - residents of Ukraine and the Russian Federation.
- 7. How long does exchange operation takes?
Buying a cryptocurrency takes an average of 5 to 7 minutes, which you need to fill out the forms for buying and paying for cryptocurrency. As soon as we receive payment for the cryptocurrency, we immediately send the cryptocurrency to the cryptocurrency wallet specified on the purchase form and you can track the process of crediting the cryptocurrency to your wallet using the link provided by us with tx.
The speed of depositing cryptocurrency to your wallet will depend on the transaction speed of the blockchain network of the cryptocurrency you buy and the settings of your crypto wallet (the number of confirmations at which you will be credited).
Sale operation is longer because it requires sending cryptocurrency from your wallet and a time for transaction confirmation in the blockchain. As soon as we will receive few confirmations from blockchain network regarding crediting cryptocurrency to our wallet, we will immediately make payment to your card.
Currency exchange operations are much longer because they require time to send cryptocurrency from your side and for depositing cryptocurrency which was sent by our service to your wallet. To speed up the operations of buying and selling cryptocurrencies, we recommend creating an account in the EXBASE.IO crypto wallet. In your own account operations will take much less.
- 8. Which fiat and cryptocurrencies are available for exchange?
Full list of available assets for exchange is currently presented in the exchange calculator in the drop-down lists. The list currencies which are available for exchange is constantly updating and expanding.
9. What happens if I send a cryptocurrency in an amount that is less than
or higher from the amount which I specified in the application during the exchange?
Our system works automatically. The exchange will be made exactly for the amount that was sent if it is not less than the minimum possible, nor higher than maximum.
If the specified amount is lower than the minimum or more than the maximum, such issue resolves by contacting EXBASE.IO support.
Exchange Bitcoin (BTC)
The first time, a new approach to payment were mentioned 2008, when someone named Satoshi Nakamoto (it’s already been proven that it was a pseudonym, but no one knows who was hiding beneath it) published a description of the protocol and principles of a new payment system that works on the principles of peer-to-peer network and using cryptographic methods for protection. The first blockchain block was generated in 2009, since this moment the situation began to expand rapidly.
Up to the beginning of a full-fledged “crypto fever”, when even people that were extremely far from cryptocurrency started talking about bitcoins. Alas, each such “boom” invariably ends in a grand recession. And many of those who exchanged Bitcoin in the hope of an early profit lost their funds due to an unexpected drop in the exchange rate.
And as soon as the "broad masses" subsided, the situation stabilized. And until recently, Bitcoin has shown a steady gradual increase in value. Like, however, other cryptocurrencies. However, not one of them, even Ethereum, which became its own means of payment for the new investment platform, could compare in popularity and reliability with the “cue ball”. Therefore, it is not surprising that more and more competent and prudent investors are trying to organize a BTC exchange with maximum benefit for themselves.
Bitcoin exchange options
Platforms. EXBASE.IO platform can be an excellent example because it not only has an official license to work with fiat currency, but also provides its customers with the opportunity to use their own reliable crypto wallet. Exchange is happening quickly, conveniently, without unnecessary actions. The security of transactions is guaranteed by the user agreement, so in case of disputes - you can safely go to court. Fortunately, such kind of situations are almost impossible.
Online bitcoin exchanger. A simple and fast, but still not a very reliable way. However, if the exchanger has normal reviews on independent platforms, why not. Too bad that many such services have very poor functional.
Peer-to-peer networks. Direct exchange, without intermediaries. If you use automatic smart contracts, you don’t have to worry that you will be deceived. But this system is working rather slowly, and don’t have a big amount of assets. In addition, there is a high risk of a “repeat transaction” attack.
Exchanges. Huge functionality that is quite difficult to deal with. In addition, storing your digital assets on exchanges increases the risk that something will happen to them. Alas, the so-called "hot wallets" are much less reliable than the "cold" ones. And not all large and stable exchanges support the regional currency.
Using the services of the EXBASE.IO platform, you can have the full experience from the benefits of using cryptocurrency in comparison with traditional cash.
- Low fees. The platform charges a minimum commission, which is automatically taken into account during calculating the exchange rate. Regarding the additional fees, they are charged by the banks that issued the cards which will be used for exchange Bitcoin to the card.
- High speed. Due to the fact that we are the only intermediary in the chain between you and the owners of digital assets, everything goes as quickly as possible. Especially if you have already registered on our site, then you will not need to re-enter the data.
- Increased security. Our work complies with international security standards, so there is no need to worry about the safety of your data. In addition, we guarantee that we will not sell or exchange information about our users with anyone.
- Additional functions. For example - your own crypto wallet. Their help is the main reason why it’s so convenient to store digital assets. In addition, our service allows not only exchange bitcoin online for another cryptocurrency, but also exchange it into a “material equivalent” - fiat currency. You can see by yourself the current price at any time on our website. And not only the price but also the chart which displays its fluctuations. Which possibly allows us to predict further changes and speculate on this. And for the convenience of this process, some mechanisms which traditionally can be used on cryptocurrency exchanges are also integrated into our system.
If you have serious worries about your financial situation, you can start to gradually switch to cryptocurrencies. Especially Bitcoin. Since it still demonstrates a stable price increase, despite the high volatility of the market. And for many years of work, he has proven his reliability, efficiency and effectiveness. You only need to find an intermediary who will help you make the exchange of bitcoin with the maximum benefit for you. And the EXBASE.IO platform will deal with this task perfectly.
(!) Any investment in cryptocurrency, including the purchase of BTC using Exbase cryptocurrency wallet, is associated with high market risks of asset price fluctuations. Exbase provides its customers with easy and multifunctional tools for cryptocurrency operations and makes every effort to properly inform our customers about cryptocurrencies and investments in them, but Exbase does not bear any responsibility for the investment results that may result from the actions of our clients! This page and any information on it does not imply any recommendations on the acquisition of any cryptocurrency or the performance of any other investment decisions based on it.