Monero is a unique cryptocurrency. It is not only highly valued in the Internet space and attracts investors but is also gradually becoming a recognized reality in many countries today. In Japan and many Western countries, the authorities officially recognize this asset as a unit of account. There, it can be used to pay for purchases and transfers. In some countries, crypto transactions are not legalized, and it has become very difficult for owners to exchange them, especially if you need to change Monero (XMR) to Cash. The outflow of the American currency has not reduced its demand for several transactions, so for many owners of digital assets, the issue of its profitable exchange is relevant.
How to change Monero (XMR) to Cash?
The only way to exchange Bitcoin for dollars is to use the services of an electronic exchanger. This specialized service converts cryptocurrencies into fiat and back, as well as into other assets. It operates online and is available around the clock. The operating principle is extremely simple:
- the client orders the service and transfers cryptos to the exchanger’s electronic wallet;
- the exchange service recalculates the crypto at the rate and sends dollars to the client using the details specified in the application.
As we can see, exchanging Monero for dollars in an electronic exchanger is two simple steps that do not present any difficulties. However, in cases where you need to receive the amount after converting crypto, the ability to receive money in cash becomes an obstacle.
Understanding this nuance, many online exchange services have established cooperation with partners who have offices in megacities.
Exchanging Monero for dollars: the real price of the issue
The profitability of the transaction depends on three factors:
- the exchange rate of Monero to USD in cash set by the exchanger;
- the amount of the commission of the selected exchanger;
- additional commissions are charged for receiving money at the partner’s cash desk or through a courier (which is even more expensive).
Ensuring the profitability and security of the transaction
When exchanging Monero for money, two points become fundamentally important:
- profitability of the transaction;
- security guarantees.
In this case, you need to find a service that provides services with the ability to receive money. You can view the current list of exchange offices on www.trustpilot.com/review/www.bestchange.com – a portal for monitoring exchangers and currently established crypto exchange rates. There, you need to mark the exchange direction of interest in the appropriate columns (Monero cryptocurrency – Dollar cash). Based on this request, the system will generate a listing with information about rates for different exchangers. There you can choose the one which is more profitable to cooperate with. The security system has checked all exchange services subject to monitoring and are reliable.