(!) 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.
Ethereum Exchange (ETH)
After it became clear that the blockchain system in total and cryptocurrencies, in particular, have a great future, many developers decided to use them in their projects. But a new idea had to be original for being competitive. Therefore, when in 2013 the founder of Bitcoin Magazine Vitalik Buterin proposed the idea of a platform for creating decentralized applications with his own cryptocurrency, it was met with great interest.
The network was launched on July 30, 2015. And it quickly became clear that this was a success. Many people became interested in the ability to quickly implement blockchain technologies, including the largest software developers - Microsoft and IBM, various charitable organizations, including UNICEF, as well as many banks (the National Bank of Canada) and individuals. Moreover, in 2017, they created the official organization - Enterprise Ethereum Alliance (EEA), which includes more than 500 largest companies from around the world.
Such a powerful start caused that initial exchange of Ethereum for other cryptocurrencies performed on fairly favourable terms. However, the developers of the system initially tried to make some kind of restriction to the freedom of exchange, and with them. Ether could be exchanged only for Bitcoin. However, a lot of intermediaries appeared quickly and helped to pass this limitation.
At the exact moment, Ether is the third most valuable cryptocurrency in the world, losing only to Bitcoin and Bitcoin Cash. And due to the attachment to the real actions and projects, as well as - of interest to official sources, the volatility of the Ether market is significantly lower than other cryptocurrencies. Therefore, more and more people are looking for a stable, but effective cryptocurrency, considering the use and exchange eth, as a profitable investment of their own funds. Especially if you can find a reliable intermediary for this matter.
Online Ethereum exchanger. The method is as simple as possible, since it does not require registration. However, before work, you should make sure that the service is safe. The fact is that many such projects are either fraudulent in nature or actively collect user data. So it’s worth getting acquainted with the real reviews of those who took the risk and contacted with such projects.
Multifunctional platforms. As a good example, EXBASE.IO. The service provides its users not only the ability to exchange Ethereum to many other currencies, including fiat , but also provides a number of other useful features. For them, however, it is necessary to register. And you don’t have to worry about data safety - the service is regulated by an official license. In addition, after registration, you can use another extremely useful feature for new crypto users - a secure wallet.
Peer-to-peer networks. Direct exchange between different users. The disadvantages of this method are obvious - there is a high risk of running into a fraudster, a strong vulnerability to a “repeat transaction” attack, and a low speed of the service. And the lack of commission, alas, is compensated by not-so-relevant courses, which are more beneficial to sellers than buyers.
Cryptocurrency exchanges. The method is good, but too complicated for beginners. Yes, such exchanges provide their users with the opportunity not only to make, for example ,ethereum exchange online but also to speculate on the fluctuations of its exchange rate, still to fully master the functionality provided by exchanges is a rather difficult task. In addition, many such exchanges do not work either with regional fiat currencies, or with users from countries with a "bad reputation", to which, alas, our country also belongs. And if the exchange of crypto to fiat currency is still possible, then only after passing quite a long and inconvenient KYC / AML operations .
Advantages of working with our service
The EXBASE.IO platform provides its users with an excellent balance between simplicity, speed and functionality. Even a new crypto user will be able to figure out how to exchange eth for a card, for example. And with the additional information which can be founded on the platform, you can understand better what is cryptocurrency at all and how it should work.
It is also worth mentioning that despite the fact that the platform plays the role of an intermediary, it takes a small commission from completed transactions. Moreover, it does not need to be paid for - it is already taken into account during the conversion of various currencies into each other.
Thanks to official licensing, EXBASE.IO can exchange cryptocurrencies for fiat currencies, and vice versa, which is extremely beneficial in our conditions, because unlike in Western countries, not many domestic services accept cryptos for payment.
If you firmly decided to get comfortable in the complex world of cryptocurrencies , then at least at first you need a reliable “guide”. And EXBASE.IO will help you with this. So - get in touch.
(!) Any investment in cryptocurrency, including the purchase of ETH 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.