If you are looking for a way to easily convert BTC to Euro, you have come to the right place. Today in this article we will discuss the topic “Where can I convert BTC to Euro”. So keep reading.
Bitcoin is the leading digital asset on all crypto rankings on the Internet. This coin has the largest capitalization, which exceeds $329 billion (December 2022), and the highest price which is now a little higher than $17. The asset lost its value during the market collapse this year. So today is maybe the best time to buy Bitcoins and hold them in the long-term perspective. This article will discuss the best place to trade BTC, supporting BTC EUR and BTC/USD and other pairs with fiat currencies.
CEX is the abbreviation for a centralized crypto exchange. Such platforms stand out from the crowd because they operate officially and comply with all the requirements and laws in this field. CEX allows users to purchase crypto assets via bank cards. Only registered and verified clients can access this option, for attaching a bank card requires user identification, passport data, etc. One of the largest European crypto exchanges that allow converting fiat to crypto is WhiteBIT. To buy Bitcoin with euro, follow these steps:
- Register and verify your account;
- Add your bank card;
- Replenish your account with euros;
- Pick EUR and BTC in the converter;
- Pay the fee (0.1%);
- Receive Bitcoins.
Similarly, but in the reverse direction, you may convert BTC to EUR and withdraw them to your bank card to cash out.
Where To Store Coins?
If you want to trade crypto daily, you need to allocate some amount and hold it on the crypto exchange. Thus, you will constantly have access to your coins and trade them quickly and efficiently using WhiteBIT tools. WhiteBIT ensures a high level of safety for its clients, and it holds 96% of all funds offline. So you can be confident about the security of your funds.
However, if you did not plan to trade cryptic daily but rather tend to hold Bitcoins for many months and see what happens with the market, it is better to pick cold storage. That may be a special device like a ledger you will find on its official website.
What is The Best Way To Store Coins?
I would recommend using a hardware wallet. A hardware wallet is a physical electronic device, built for the sole purpose of storing cryptocurrency. These devices are usually small in size and are almost impossible to hack into. The only downside is that they can be expensive, but you’re paying for security.
A paper wallet is another option that I would recommend if you don’t want to spend any money on a hardware wallet. A paper wallet is just like it sounds, it’s a piece of paper with your private keys written on them in QR code form (sometimes with a public address as well). You can then store this piece of paper somewhere safe and use it to access your funds whenever you need them.