Where is it profitable to sell and buy cryptocurrency?

Now a lot of people are interested in cryptocurrency, and money systems regularly appear on the network, where its purchase and sale is carried out. For some people this activity has become the main source of income or a good part-time job.

What is cryptocurrency?

Cryptocurrency is electronic money, of which there are many varieties. The most popular unit of cryptocurrency is bitcoin. The word “cryptocurrency” gained popularity after an article published in 2011 in Forbes. It was used to explain the cryptographic ways of encoding information from the bitcoin electronic money system. The Greek translation of “crypto” means “secret” or “hidden,” hence the name of the science of coding information – cryptography.

In total, there are more than 2 thousand different types of cryptocurrency in the world. The most popular ones today are:

• Bitcoin (BTC);
• Bitcoin Cash (BCH);
• Litecoin (LTC);
• TRON (TRX);
• USDC;
• Tether (USDT);
• Ethereum (ETH).

The popularity of the cryptocurrency is indicated by its rating, which is evaluated according to certain criteria:

• market value of the cryptocurrency;
• the price in effect at a certain point in time;
• the circulating supply, which determines the total amount of money that is available for purchase by consumers;
• daily turnover.

These criteria are taken into account when compiling the world ranking of cryptocurrencies.

What is cryptocurrency used for?

Buying cryptocurrency allows you to make payments for goods and services on the Internet. Also, selling bitcoins is a way to earn real money at the moment of its growth. The resale of cryptocurrency provides an opportunity to make money on its exchange rate, but it must be done with proper planning and monitoring of the exchange rate.

Any functioning cryptocurrency system is based on the blockchain mathematical model, with its known main characteristics – distribution and anonymity. Anonymity is provided by means of cryptographic encryption.

In the most popular bitcoin system, the module verifies and generates a bitcoin address using a digital signature. It also performs sequential hashing, i.e. the conversion of blocks of transactions that protects them from external interference.

There is no single control center, so the system is distributed, and all participants are in the same position with equal rights. In this decentralized system, units of account or tokens are circulated instead of money.

The software protocols introduced into the bitcoin system direct it to operate automatically. Unlike a banking system, in which the formation of transactions can be interfered with, for example, by instructions from an administrator, this will not happen in a bitcoin system.

Issuance or generation of new units is performed only in accordance with the protocol. Units of account cannot be “lost” in the system, because when a certain amount is debited from one e-wallet, they must appear in the same amount in another. Due to the fact that encryption hides personal information about bitcoin wallet owners, the operation is very attractive for making profitable transactions, where it is important to maintain confidentiality.

Where is it profitable to conduct transactions with cryptocurrency?

There are a lot of cryptocurrency selling, buying, and exchanging systems already on the market, and they keep popping up. Many systems even give buyers free tokens to lure and retain customers. It is necessary to choose the systems where selling and buying rates are the most profitable for buyers.

The financial service WestStein also organized a profitable platform for its customers, where you can buy and sell cryptocurrency on favorable terms. Cryptocurrency is a very profitable investment for storing capital. On our service it is possible to buy cryptocurrency from the card for euros to then sell bitcoin online at a favorable rate. This is a regular SEPA Instant payment for which the min fee is 0.50€. Cryptocurrency exchange, for example, for currencies like USDT, USDC 1.5%, for volatile koins 3.5%.

Cryptocurrency rates can be monitored around the clock by installing the WestStein mobile app.

If you haven’t become a client of WestStein Financial yet, it’s time to do so now. Our service gives a lot of profitable opportunities for our clients. It’s not only profitable resale of cryptocurrency, but also WestStein online account, virtual and real card for purchases and payments, ability to book hotels around the world, make purchases in almost all countries of the world.