Timelines have been key to people learning how to turn cryptocurrencies into dollars. “The best structure will not guarantee results or performance. But the wrong structure is a guarantee of failure. This phrase is stamped by Peter Drucker, the Austrian considered the greatest management philosopher of the 20th century.
We will take his mental image of the process to warn that buying a cryptomoney is an evolving process. In the prehistory of cryptoactives, “spelunking” tools were required to make digital money. And although today the process is more summarized, it still brings some discouragement to the investment.
Like the need in the mother of business, before the “pentathlon” to achieve an altcoin have born operating houses. They summarize: Credit card, electronic transfers or cash to acquire the cryptomoney. It is convenient to know the cost of the sale and to adapt to the rate. It will be completely necessary to acquire a wallet. The digital money “if or if” must be kept in a hardware wallet. Finally we must think if we want a single cryptomoney or we will buy a range of those offered. That decision will also affect the “wallet”.
Turn cryptocurrencies into Dollars
By this point in the story we have a person ready to turn cryptocurrencies into dollars. For those who are distracted, it must be said that digital money is a brick in the immense wall of venture capital. With this in mind it will be easy to understand a common situation. You can pay “X” today for an altcoin and sell it the next day for “-0.10X” due to a fluctuation.
This last fact is not to be discouraged. There have been cases like the lucky ones in 2017, who in October bought Bitcoin for $6,800 and in 46 days sold it for $20,000. Thus, transforming crypto-currencies into dollars requires a careful analysis of the initial price and market behavior.
An important factor when trying to transform crypto currencies into dollars is to know the legislation of the country where it will be done. In the case of Venezuela, the State will promote, protect and guarantee its use as a means of payment. Crypt holders must be attentive to the guidelines of the National Superintendence of Cryptoactives and Related Activities.
It’s time for the Exchange
A crypto currency exchange is the meeting point where exchanges of currencies take place in exchange for fiat money. As its intention is to transform cryptomon currencies into dollars, the need for a fiat account in foreign currencies is obvious. In Venezuela there are options with local banks to have an account to hold dollars. Of course, the most common option used is accounts in foreign banks.
Most of the exchanges for crypto-currencies are online. These houses operate with shares or any other type of financial title accepted by the community that conforms it. It is there where according to the value of the crypto, the cost of the feed or commission could know what you can get in dollars.
CRIXTO and its services
The CRIXTO payment platform in a Web Service App that serves to turn cryptocurrencies into dollars. However, it has a limitation, that with CRIXTO you have to acquire goods or services. It is true that the start-up that guides CRIXTO Venezuela offers a wider range of opportunities, but at the start we are subject to what has been described.
With CRIXTO, users have the opportunity to pay with crypto currencies in a fast, easy and safe way.
You can make your payments using your mobile in a simple, fast and comfortable way. Your cryptocurrencies will be protected and secured in our platform. And you will be able to make recharges from any wallet in the world, where you have your crypto currencies.
CRIXTO is a digital platform for making payments in cryptocurrencies. Its scope of operations will be Latin America. So far our firm will work with Bitcoin (BTC) Ethereum (ETH) or Litecoin (LTC). This indicates that we will be able to process payments for commercial establishments that will receive dollars, euros or legal tender directly into their bank accounts.
With Crixto you can make your daily purchases, paying directly with Bitcoin, Ethereum or Litecoin at the affiliated stores, in a fast, easy and secure way.
21 December, 2020