In the 20th century, the United States dollar (USD) became a universal currency used throughout the world. Moreover, its purchase is not always associated with the need to pay when traveling to different countries, but with the opportunity to secure your financial position and even make money on the exchange rate. In the 21st century, with the advent of the first cryptocurrency – Bitcoin (BTC), opinions began to appear that the future lies with digital money, therefore it is more profitable to invest in them.
Some, in turn, prefer to store money in both ways, that is, buying both dollars and bitcoins, at the same time constantly making profitable exchanges between them. Moreover, you don’t need to make any special efforts to keep track of the current exchange rate. To change Bitcoin (BTC) to Cash or vice versa as profitably as possible, you just need to regularly view the page www.bestchange.com/bitcoin-to-dollar-cash.html.
Advantages of Bitcoin over dollars
There are several reasons why BTC is safer to buy than USD:
- the value of the dollar depends entirely on the welfare of the United States – any economic crisis, war, or natural disaster that could lead to an economic downturn can also contribute to a decrease in the price of the currency. Since Bitcoin does not have such an emission center, its price is influenced solely by user demand;
- If we talk about fiat currency, it is difficult to avoid control by a bank or state; the transaction can be easily blocked. The specifics of blockchain technology make it possible to maintain decentralization and anonymity, so it is almost impossible to track financial transactions with it;
- virtual coins are not subject to inflation, the maximum number of bitcoins that can be mined is limited to 21 million;
- Storing cash at home or in a safe deposit box is not always safe; there is always a risk of fire, robbery, bank bankruptcy or other unpleasant situations leading to loss of money. If a user of a virtual wallet loses coins, it will be only through his own fault, for example, by forgetting the password or deleting a file with private keys. The likelihood of successful hacking and hacker attacks is minimal.
The only disadvantage of virtual currency over fiat currency is that it is not yet that widespread and is not accepted in many places to pay for goods and services. Therefore, it would be useful for every Bitcoin wallet user to know not only how to buy digital coins, but also how to cash them out if necessary.
How to buy Bitcoin cash USD
There are several ways to purchase BTC with Dollar cash. One of them is a p2p exchange, that is, between two people who independently agree on the terms of the transaction. This option is worth considering if there is a cryptocurrency seller among friends, relatives and other acquaintances. Otherwise, if you find one on some forum, you may stumble upon a scammer.
You can protect yourself by searching for a seller on a cryptocurrency exchange, which acts as an intermediary. This method is more reliable, but has its drawbacks. Firstly, registration in the system is required. Secondly, after drawing up an application, you must wait until a counter-offer appears, if there is no such offer yet.
To save time without running the risk of losing money, you can use an online exchanger and selection of cryptocurrency rates. You should find the safest and most profitable one using a web resource that specializes in monitoring exchange offices. For example, at list, specialists check every service where it is possible to exchange sites USD cash for Bitcoin, and compile a list of the most reliable ones offering an attractive rate. In addition, they provide the necessary information, which makes it easier to decide which exchanger to choose. Users can take into account criteria such as reserve, operating hours, customer reviews, etc. The site also provides other useful tools that may be useful when calculating the most profitable exchange option.