More and more investors and traders are turning their attention to the financial assets of decentralized electronic systems- Cryptocurrencies. The rates of promising cryptocurrencies are growing exponentially, and the exchange rate can grow by 10-30% per day, so it is obvious that trading these currencies on the exchange is much more profitable than conducting transactions with fiat money. On the difference in the constantly changing rate of cryptocurrencies in relation to both fiat money and each other, you can earn significant amounts in a short period of time, and it is natural that many users are looking for reviews about reliable cryptocurrency exchanges and the features of trading on them. And here we will make an overview of the Kraken exchange - one of the oldest exchanges for trading electronic currencies on the network. From the material below you will learn how to register, how to make money, how to replenish your account in dollars and cryptocurrencies, and how to withdraw money from this exchange. Depositing funds and making trades on this trading platform will not be difficult even for those network users who have not previously been involved in trading, so the Kraken exchange will be an excellent platform for making money on trading electronic currencies.

Cryptocurrency exchange Kraken: review and feedback from users and experts

The Kraken exchange is the second in the list of the largest cryptocurrency exchanges in the global network. Today, Kraken is one of the largest international exchanges, and in 2011, when it first began its work, only users from the United States registered on this site. And as evidenced by the Kraken exchange reviews left by users in the vastness of the network in past years, from the very beginning of this trading floor distinguished by reliability and simple and convenient functionality.

Kraken is headquartered in San Francisco and its co-founder Jesse Powell is the CEO of the exchange. Today, more than 500,000 thousand users from all over the world are registered on the Kraken exchange, with most of the audience being citizens of the USA, Canada, the EU and Japan. But Russians and residents of the CIS countries often prefer other exchanges that are available in Russian. On Kraken, users can choose either English or Japanese, and the Russified version of the portal on this moment no. Therefore, for those who want to take advantage of all the benefits of this exchange, it is advisable to know English language at least at the beginning level.

Reviews about Kraken confirm the reliability of this exchange

Quite a few cryptocurrency exchanges started operating in 2011-2012, but most of them failed to earn the trust of traders and soon ceased to exist. The Kraken exchange, unlike them, quickly gained popularity first among miners from the United States, and then successfully entered the markets of Japan, Canada and the EU. And its success is quite natural, because this exchange has the following advantages that allow it to compete with new trading platforms to this day:

• A large number of trading pairs (both cryptocurrency and fiat currency pairs)
• The exchange commission for transactions is only 0.26%
• Possibility of margin trading
• The ability to conduct large transactions completely anonymously
• High degree of protection of personal data and transaction data within the exchange
• Two-factor authentication as an additional degree of user account protection
• The ability to withdraw funds not only in cryptocurrency, but also in fiat currencies - dollars or euros (an additional commission is charged for this operation)
• Trading pairs consist only of proven and promising cryptocurrencies - little-known and currently untrustworthy new coins are not here.

The advantages and reliability of the Kraken exchange are confirmed not only by ordinary users, but also by recognized experts in the field of cryptocurrencies. For example, Anatoly Knyazev, director of the Exante brokerage company and founder of the first bitcoin hedge fund in Russia, recommends this exchange to Russian traders as one of the most reliable and profitable for bitcoin cryptocurrency trading.

Exchange Kraken: how to register and start trading

The first step to making money trading on the Kraken exchange is to register. The procedure itself is not difficult - the user needs to enter his login, password and email, and then confirm the registration by clicking on the link from the letter sent to the e-mail. Since the Kraken is officially working with citizens Russian Federation, users from Russia will not have problems registering on this exchange.

After registering on the trading platform, a new trader must provide the exchange with information about himself, indicating his full name, address and payment details. You also need to be prepared for the need to upload scans of personal documents to the site in order to go through the verification procedure and gain access to the functionality of the trading platform. Unverified users on Kraken cannot deposit or withdraw money.

Features of the verification procedure on the Kraken cryptocurrency exchange

The verification procedure on Kraken differs little from a similar procedure on other cryptocurrency and stock exchanges and in electronic payment systems. To pass it, the trader needs to provide the administration of the exchange with his documents confirming the veracity of the data entered when filling out personal information. These documents in scanned form are uploaded to the exchange server.

It is important that depending on how complete the data the user provides about himself, he will be assigned one or another level of verification. Kraken has the following levels:

1. Zero level (no verification) - assigned automatically immediately after registration. This level does not allow you to replenish your trading account or make transactions.
2. The first level is provided after filling out personal information on the site (scans of documents for obtaining the 1st level do not need to be uploaded). Traders with this level can deposit, trade and withdraw funds, but they have low trading account limits and all operations can be carried out exclusively using cryptocurrencies.
3. The second level - is provided after documentary confirmation of the address. It differs from the first level by the ability to make transactions on the exchange with fiat money.
4. The third level - is provided after documentary confirmation of the address and TIN. After confirming this data, the limits for the user increase.
5. The fourth level is assigned by the technical support of the exchange to trustworthy users after their personal appeal. Users with the fourth level of verification have maximum limits and a corporate record on the exchange.

Depositing funds to the Kraken exchange: how to deposit money into an account and withdraw it to a card

The Kraken exchange positions itself as a cryptocurrency exchange, which presents big choice trading pairs of electronic currencies. But in addition to virtual coins, this site also has the opportunity to earn on the difference in the exchange rate of electronic and fiat currencies - for example, trading pairs that are very popular among traders are bitcoin / US dollar, bitcoin / euro, ripple / US dollar, etc.

Based on the foregoing, it is obvious that on such a platform as the Kraken exchange, depositing funds (how to deposit money into a trading account) is possible both in cryptocurrencies and in fiat money. Moreover, users who want to trade exclusively in cryptocurrencies and strive to remain anonymous do not even have to complete the verification procedure - to work with cryptocurrency trading pairs, the 1st level is enough.

Funding methods for Kraken

Users can replenish their trading account on Kraken with the following currencies:

• Japanese yen
• Canadian dollar
• Pound sterling
• U.S. dollar
• ICO tokens
• bitcoin
• Litecoin
• Ether and a number of other cryptocurrencies.

Withdrawal of funds from the trading account of the exchange

You can withdraw money from Kraken in any of the available currencies, both in cryptocurrencies and in fiat money. But in the second case, the commission will be higher, and in addition to the exchange commission, the trader will also need to pay commissions for bank services - withdrawal of funds in dollars, euros, yen and pounds is carried out by bank transfer.

The method of how to withdraw money to a card is quite simple - you need to select the desired currency in the "Withdrawal" section, and then fill out the appropriate form, indicating the details of the bank account to which the card is linked.

Exchange Kraken - how to replenish an account in dollars and cryptocurrencies?

Speaking about such a trading platform as the Kraken exchange, how to replenish an account in dollars is one of the main questions of interest to users from the Russian Federation. It is with the replenishment of the account that trading on the exchange begins, and both experienced traders and people who have registered on the exchange for a one-time purchase of cryptocurrency replenish the exchange account with dollars. And in order to get dollars there, you need to get the 2nd level of verification, and then perform the following sequence of actions:

1. Go to the account replenishment page by selecting top menu"Deposit" section
2. Select the required currency (US dollars)
3. Copy the displayed details for making a bank transfer
4. Transfer money from your bank dollar account or put the required amount at the bank cash desk / self-service terminal to the specified details.

Advantages and disadvantages of the Kraken exchange

As evidenced by the reviews of both traders and experts, the Kraken exchange is a trading platform where it is convenient and profitable to trade cryptocurrencies. Instructions on how to register, how to get verified, how to make money and how to trade on Kraken are extremely simple, and thanks to the intuitive clear interface even a novice trader will find it easy to understand the functionality of the site. And an important advantage of this exchange is the deposit of funds in fiat money implemented on it, and the method of replenishing an account in dollars is no more difficult than replenishing an account with a cryptocurrency. Low commissions, a large number of trading pairs and high degree security - undeniable advantages exchanges. And the only drawback of Kraken for Russian-speaking users today is the lack of a version in Russian.

In this video, we will walk you through how to buy Bitcoin (Bitcoin) and other cryptocurrencies like Ethereum, Ripple, Litecoin, etc. at a significant discount and sell at a significant profit using exchanges.

For example, we want to buy a coin like "Substratum". To do this, we go to the site coinmarketcap.com, find this coin, go to the "Markets" tab, and look at which exchanges it is traded, And where is the best selling price.

We see that the bulk of "Substratum" is traded on an exchange called "". There is one nuance here. There are cryptocurrency exchanges that allow you to add fiat currencies (dollars, euros, rubles, hryvnias, etc.) to your balance. And there are exchanges that work exclusively with cryptocurrencies, i.e. You cannot top up your balance in fiat currency, but you can only exchange one cryptocurrency for another (Binance is just such an exchange).

In this video, we will analyze how to buy cryptocurrency on the exchange for fiat money, how to work with exchanges that work exclusively with cryptocurrencies, we will analyze in the next video.

Buying Cryptocurrency on the Exchange »

I will consider buying and selling cryptocurrency for fiat money using an example:

• Firstly, because they have a Russian interface to make it convenient to show.
• Secondly, they have pretty good trading volumes.
• Thirdly, the acceptable cost for depositing and withdrawing money, i.e. acceptable commission level.

If you wish, you can use some other exchange that you consider more convenient or profitable for you. The principles we'll cover in this video can be applied to any exchange.

If you are planning to trade on another exchange, then the first thing to pay attention to is commissions - this is one of the first points that you need to look at in advance, before you get money there.

I had such situations when I brought money to the exchange in the form of Ethereum. It was a small exchange, and the desired coin was traded only on it - this was the only option. The input was free, but the withdrawal fee was about $50, i.e. that's a lot for just withdrawing your money from this exchange. Therefore, be sure to look at the commissions before you deposit money on this exchange, so that you do not have to pay half of this money simply because the commission of this exchange is quite high.

The commission for depositing / withdrawing money and supported payment systems and funds for each exchange is different, therefore, depending on which payment method you plan to use to deposit money, some exchange may seem more profitable for you, some less profitable .

1. A transaction fee is a fee that an exchange charges for directly executing a transaction when you buy or sell cryptocurrencies. 0.2% is the average commission for the market, which is quite acceptable.
2. Cryptocurrency commission. We see that the deposit of most cryptocurrencies is free, with the exception of USDT and KICK. Accordingly, if you planned to trade using one of these currencies, then you need to take into account the fact that you will be charged 15 USDT for deposit and 25 USDT for withdrawal. The same 50 KICK for deposit and 350 KICK for withdrawal.

That is, we look at the commission for input, the commission for withdrawal, and if everything suits us, then we move on to the next item.

How to deposit fiat money on the exchange?

We look at currencies and supported payment systems:

• For the dollar, these are "", "", "Payza", "Perfect Money", "CryptoCap", etc. If you plan to deposit and trade large amounts, then it makes sense to see if the exchange supports bank transfer (usually a SWIFT transfer). We see that it is possible to transfer dollars to EXMO through a bank, the commission will be 2% + 20 USD for input.
• Next, we turn to the euro, look at the commission. It is interesting to note here that replenishment and withdrawal through the Advanced Cash system is carried out without commissions.
• Next, we look at the rubles. As you can see, the commission for depositing and withdrawing rubles is the largest. "Yandex. Money” is 5.9% (the introduction of dollars, as a rule, costs less than 2-3%). Accordingly, in order to bring money here through "", "Yandex. Money" or "Qiwi", you will have to pay about 5%.

Another point that you can pay attention to is the minimum amount of a particular cryptocurrency to complete a transaction. Let's look at the example of Ripple (XRP when exchanged for a dollar).

The minimum amount of Ripple that you can buy or sell is 15 units. Accordingly, if now the cost of one Ripple fluctuates around $3, then the minimum transaction volume will be about $45.

I had a case when I bought a coin with a minimum trading volume of 5 units, the cost of each was about $50, i.e. the minimum transaction volume was about $250, which is quite a lot. Therefore, if you plan to buy 1 coin, and the minimum trading volume is 5 coins, then you will not be able to do this. It turns out that you simply spent money paying a commission for depositing to this exchange and for withdrawing, because you cannot buy the minimum volume required for the transaction.

How to get money on the exchange with a minimum commission?

Now I will tell you how to deposit money on the EXMO exchange with a minimum commission. This is the schema I am using. If you know a better scheme, write about it in the comments.

Here is the scheme I use in order to minimize the commission:

1. I usually replenish my bank account through an ATM (in dollars, rubles or euros);
2. Then I replenish the Advanced Cash system from a dollar account through a regular card. The commission for entering the Advanced Cash system is currently 2.95% from the card. For example, if you deposit $1,000, then $29.50 will be a commission.
3. On the bank card I will definitely connect a cashback, and depending on the bank you use, a certain amount will be returned to you. I have 2% cashback. It turns out that I can reduce the commission of the Advanced Cash system by 2%, and as a result, I will pay 0.95% for instant replenishment from the card.
4. If we look at EXMO deposit fees through Advanced Cash, we can see that they charge 4%. Directly through "Advanced Cash", if you go to "Transfer funds" - "In email. currency" and select "Electronic currency of the recipient" - "EXMO", then the commission will be not 4%, but 0.95%. Those. You save about 3%.

It turns out that we will pay a commission of 0.95% (including cashback) for replenishing "Advanced Cash", then directly from the "Advanced Cash" system instead of 3%, we will be able to replenish the balance with a commission of 0.95%. Accordingly, there will be some savings. I came across cases when, when replenishing the exchange balance in rubles, a person paid almost 18% of the replenishment amount. This is a lot, and here you can pay less.

However, it is worth considering such a nuance, the desired currency may not always be on the Advanced Cash balance for transfer to EXMO. Therefore, before replenishing through the "Transfer Funds" option on "EXMO", see if there is a suitable currency for the transfer. If not, you will have to replenish directly through the payment gateway of the exchange and pay a little more.

How profitable to trade on the stock exchange?

After we have added fiat money to the balance of the EXMO exchange, go to the page "", select dollars, euros or rubles, depending on which currency you have added to the balance.

Let's say we replenished the balance in dollars. Switch to the "" tab and see which pairs are traded here. We see that for a dollar you can buy/sell Bitcoin, Bitcoin Cash, DASH, Ethereum, Ethereum Classic, LiteCoin, Ripple, etc.

Since the rate of any cryptocurrency, even during the day, can fluctuate significantly. For example, for today minimum price on the EXMO exchange, for which it was possible to buy Bitcoin - $ 16,100, the maximum price at which it was traded was $ 17,800. This is a fairly large spread, almost $1,700.

When you buy in an exchanger, the purchase takes place in the moment. Let's say if you go to "" and see that if we wanted to buy Bitcoin (bitcoin) for "Advanced Cash" - dollars, then the minimum rate for which we would be sold is $ 16,747. You will never guess with exchangers - it may turn out that when buying a cryptocurrency, you buy it at the maximum price for today. That is, you cannot bet that you are ready to buy it for a certain amount.

At the same time, you can place a bet on the exchange by replenishing the balance in the desired currency. For example, I can say that I am ready to buy 1 Bitcoin for $16,000 and leave this application. Now, when Bitcoin (bitcoin) falls to this amount, my application will be fulfilled, and I will buy it much cheaper than in the exchanger, paying $16,747 for it.

Since Bitcoin (Bitcoin) fluctuates even within a single day, you can get a significant discount. I have already said that the minimum price for today was $16,100, and if we look within a week or a month, we will see that here it fluctuated even more and fell to a lower price. If you look within a month, you can see that it sagged even up to $11,100.

When placing a bet on the purchase of cryptocurrency at a discount (below the current market price), you need to understand that your order will not be executed instantly. But if you want to buy a cryptocurrency with a significant discount of 10-20-30-40%, make the discount you need from the current price, and place a bid / order to buy it at this price and buy it cheaply when the rate falls to your rate.

For example, I now have orders when I am ready to buy Bitcoin for both $13,000 and $10,000. Perhaps they will not be fulfilled now, not this month, and not even next. But I know that in the medium and long term there will be a correction in Bitcoin or other cryptocurrencies and I will be able to buy them much cheaper than the current rate.

If we look at the price fluctuation chart for Bitcoin (Bitcoin) over the past 3 months, we can see that at the peak it was selling for $17,764, then there was a correction to $13,467, then it rose to $20,000, and fell to the lowest point to $12,036. As you can see, price jumps can be significant, about 30 - 50%.

Your task, if you want to increase your capital, is to buy it during the fall and sell it at its peak. That is, if you bought it for $13,467, then sold it for $20,000, then bought it again for $12,036 and sold it at the next jump for $16,634, then for each such jump you would increase your investment by 30- 40%.

How to buy low and sell high

We won't get into the details now. technical analysis for cryptocurrency trading analytics. We will analyze elementary a simple circuit how to buy low and sell high. Let's look at this using the Bitcoin/Bitcoin example).

1. We know that the free fluctuation of the Bitcoin exchange rate is 30-40% (you can see it here). We determine for ourselves that we are ready to buy Bitcoin at a 30-40% discount from the current price. If it's currently trading for $16,700 on average, I'm willing to buy it for $13,000. I leave an order that I am ready to buy 1 Bitcoin for $13,000.
2. If the price of your bid differs from the current price, then your order will be placed on hold until the price drops to your predicted amount.
3. Since no one has a magic ball in which you can look and tell exactly when and how much the price of Bitcoin will drop, I recommend leaving several orders, with a discount of 30%, 40% and 50%. Those. you leave an order with $15,000, $14,000 and $13,000.

Depending on how deep Bitcoin sinks, you will be able to buy it in these areas of subsidence. If you make only 1 bet and say you are ready to buy Bitcoin at the very bottom for $12,000, then it may happen that Bitcoin will sink to $12,100 and there will be only $100 left before your bet. But due to the fact that you have placed too low a rate, you will not be able to take advantage of this subsidence in the price.

Therefore, I recommend playing it safe and leaving several orders, starting with the smallest one - a 15-20-30% discount, and ending with the most aggressive one, when Bitcoin drops by 50% and you are ready to buy it completely cheap. Such a scenario is most likely unlikely, so it does not make sense to tie up too much money in the hope that Bitcoin will fall by 99% and you can buy it for $100.

Looking at historical price spikes, we can conclude that spikes up to 50% are quite real and can happen once a month or every few months. Accordingly, within this range, we can place such orders, depending on the current price, how low / cheap we are ready to buy Bitcoin.

After you have left an order that you are ready to buy Bitcoin at a significant discount (for example, 40%) and it is filled, you can wait until Bitcoin grows in price again.

Let's say you managed to buy Bitcoin for $12,000. Here you say that you are ready to sell this Bitcoin for $17,000 and get a 40-50% profit, and then wait for the right moment until the value of Bitcoin rises to the rate you set.

Again, no one can predict when the maximum value of Bitcoin will be, and to what maximum amount it will reach. Therefore, I also recommend leaving several sell orders. Let's say you leave an order that you are ready to sell it for $16,000, $16,500 and $17,000. And then adjust them depending on the current market situation.

Results:

• If you plan to trade Bitcoin in the short and medium term, then it makes sense to take advantage of its price fluctuations (volatility).
• If you buy Bitcoin for the long term and you know for sure that within a year, two, three, its price will increase exclusively. In principle, you are not interested in all these fluctuations, then you can buy it here cheaply, send it to, and let it be stored there for the next 2-3 years until its price rises to $ 20,000 - $ 30,000.

In this video, we have covered how to buy popular cryptocurrencies with fiat money. In the next video, we will look at how to buy extremely promising Altcoins/altcoins, which can grow tens and hundreds of times on exchanges that are exclusively engaged in the exchange of cryptocurrencies. So if you liked the video, put your finger up and subscribe for new updates.

Hello, my name is Dmitry and this site is my blog

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Using exchangers is far from the only way to buy and sell cryptocurrencies. Many crypto-exchanges support the deposit and withdrawal of fiat money using various payment systems, allowing you to buy Bitcoin for rubles or dollars without the involvement of unnecessary intermediaries. We will figure out how to deposit fiat money to the exchange and withdraw the earned funds from the trading platform.

The main ways to deposit funds on exchanges

Fiat money is too much general concept, which should be divided into several categories. Any national currencies, be it rubles or dollars, can be transferred using various means of payment.

To work with US dollars and Russian rubles, the following methods are most often used:

• Visa and MasterCard bank cards;
• bank transfers;
• WebMoney;
• offshore payment systems such as advcash.

In the case of transferring or receiving funds in rubles, QIWI and WebMoney can be added to these options. When working with cryptocurrency exchanges, the user will have to face the difference in commissions that are charged for sending money in different national currencies. In theory, you can usually withdraw funds in any currency: for example, a payment in USD when sent to a ruble card will be converted automatically. However, this may be disadvantageous due to the low exchange rate set by the bank for incoming payments. When choosing a transfer method, it is necessary to take into account the currency in which the funds are credited.

Separately, it is worth saying a few words about what wire transfer is. In fact, this concept hides an international bank transfer, which can be made through many Russian banks. To send money (as opposed to receiving it), the user does not have to open his own account: just give the details of the recipient to the operator at the bank.

wire transfer- payable service. This means that the amount that the bank will charge for receiving or sending a payment should be added to the exchange commission. Fees vary by bank.

Let us dwell in more detail on the methods of replenishing the balance and withdrawing funds to fiat, offered by the most relevant exchanges for Russia.

WEX

The WEX exchange supports most of the popular ways to work with fiat, but does not work with the WebMoney system. Commissions for depositing and withdrawing money are shown in the table.

Payment system	Entering the stock exchange	Withdrawal to fiat
Yandex money	9%	0%
QIWI	9%	0%
Visa and MasterCard	–	3%
	2%, minimum $20	1%, minimum $100
Russian bank transfer	–	3%, minimum withdrawal amount - 50 000 RUB

The most important advantage of the WEX exchange is the work without intermediaries with all payment systems. Some exchanges offer the withdrawal of currencies to QIWI or POISON only through third-party sites, while WEX allows you to withdraw directly with zero commission. In general, commissions on the exchange can be described as low or average for all withdrawal methods.

The weak side of the exchange is the high fees for replenishing the balance. Only crediting funds by international bank transfer can be considered relatively profitable. For those who want to buy Bitcoin for rubles, WEX leaves practically no convenient ways to replenish an account without using exchangers. However, as we will see later, on almost all exchanges, the commissions for replenishing the balance through Russian payment systems are much higher than the fees for withdrawing cryptocurrencies into fiat.

To work with any methods of depositing and withdrawing fiat money on WEX, you need to pass verification. To do this, it is enough to upload copies of documents confirming the identity and address of the user's residence. Any official document will do, including the national passport of the Russian Federation.

Exmo

The peculiarity of the Exmo exchange is that the withdrawal of funds to QIWI and WebMoney is carried out through an intermediary - the Money Polo system.

Payment system	Entering the stock exchange	Withdrawal to fiat
Visa and MasterCard (USD)	–	3% + 7.5USD
Visa and MasterCard (RUB)	–	3% + 50 rubles
Money Polo (USD)	2%	0.5%
Money Polo	–	2%
Bank transfer (RUB)	5%	2000 rubles
Wire transfer (international bank transfer)	2% + 20 USD	20 USD

Money Polo does not allow you to replenish your account using WebMoney and QIWI: in these cases, the system works only for withdrawing funds. When withdrawing WMR, WMZ and QIWI, the user will have to pay an additional commission on top of the amount that the Exmo exchange will take:

• Webmoney - 2.5%
• QIWI - 0.79%

WebMoney withdrawal is available only on WMIDs with an initial passport (or higher).

It is worth saying a few words about the process of working with the Money Polo system. Verification in the system requires confirmation of identity and address. It is allowed to upload documents in the national language, which allows you to pass the check using only the passport of the Russian Federation. Uploading copies of documents opens the first level of verification. To obtain the second level, which removes the limit on transactions of 10 thousand euros, you will have to provide notarized copies of documents.

You can top up your Money Polo account using bank card. In this case, the user will have to pay a fee of 4%, so the total fee for transferring funds to the Exmo exchange will be about 6 percent. Thus, the transfer of funds by international bank transfer is the most cheap way buy bitcoin for rubles on the Eksmo exchange.

Verification on the Exmo exchange is only needed to work with bank transfers. Identity and address verification can be done using a national passport.

livecoin

The Livecoin exchange differs from the considered sites in the absence of a direct withdrawal of funds to a bank card. To work with Webmoney, Yandex Money and bank cards, the Capitalist.net system is used.

Payment system	Entering the stock exchange	Withdrawal to fiat
Capitalist.net (USD)	0%	2%
Capitalist.net (RUB)	0%	3%
Wire transfer (international bank transfer)	50USD	1.5% + 9 USD
QIWI	10%	3%

In addition to Livecoin fees, the Capitalist.net system charges its own withdrawal fee:

• WebMoney - 2.5% (minimum $1 or 30 rubles), 2.2% after verification
• Yandex.Money - 2%
• Wire transfer - 1% (minimum $95)
• Bank cards - 2.5%, for payments up to 800 rubles an additional fee of 25 rubles is charged.

Thus, the withdrawal from Livecoin to bank cards is more expensive than to WEX or Exmo: the total commission is about 5.5%.

Depositing funds to the exchange looks much more interesting: the Capitalist system allows you to replenish your account by international bank transfer without commission. This means that the total commission for replenishing the balance on Livecoin in this case will be 0%. There is no possibility to replenish your account in Capitalist using other payment systems.

Verification in the Capitalist.net system is not mandatory and is only needed to reduce commissions when transferring and crediting funds by some methods (for example, WebMoney). To confirm your identity and address, you must upload scanned documents in Russian or English.

Like Exmo, verification on Livecoin is only required to use bank transfers. The verification process on the exchange includes not only the traditional verification of identity and address, but also the provision of trading data on other exchanges and links to user profiles in thematic communities. Because of this, many users prefer to use the deposit and withdrawal of funds by bank transfer through the Capitalist system.

cex.io

The cex.io exchange allows you to replenish your account and withdraw funds using a bank card or wire transfer. The advantage of the exchange is zero commission for depositing US dollars by bank transfer. In addition, withdrawal fees using ruble Visa and Mastercard are 0.5% lower than on Russian exchanges, and withdrawing funds to Visa dollar cards costs only $3.8, regardless of the payment amount.

Payment system	Entering the stock exchange	Withdrawal to fiat
Visa (USD)	3.5% + 25 cents	$3,8
MasterCard (USD)	3.5% + 25 cents	1,2% + $3,80
Visa and MasterCard (RUB)	5% + 15 rubles	2.5% + 30 rubles
Wire transfer (international bank transfer)	0%	$50

Verification on the cex.io exchange is required. In addition to confirming the identity and address, the user needs to upload a photo of the bank card to which the funds are being withdrawn (when using this method). Documents in Russian are not accepted.

Bitfinex

The Bitfinex exchange supports the only way to deposit and withdraw funds - wire transfer. Since this is a foreign exchange, you won’t be able to buy bitcoins for rubles on this site.

Withdrawal by urgent bank transfer within 24 hours (on business days) will cost the user 1 percent of the payment amount. For verification on Bitfinex, it is required to provide copies of documents confirming the identity and address of the user. Only documents in English are accepted.

Bitfinex verifies incoming and outgoing payments quite rigorously. When transferring a large amount, the exchange may ask the user to show documents confirming the origin of funds.

Conclusion and Conclusions

The most profitable way to replenish the balance on most exchanges is by bank transfer. The exception is specific cases when the user sends a small amount or does not want to go through verification. In such cases, you should choose Russian exchanges that do not require identity verification and work with payment systems through intermediaries: Exmo or Livecoin. Withdrawing earned money to fiat leaves many more interesting options, however, the user will have to choose the right balance between convenience and commissions.

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- Refill by Visa card
— Depositing funds through QIWI Wallet
— How to fund an account on the Bittrex exchange
— Entering Forex money using electronic payment systems
- Conclusion

Timing: instantly

Currency: USD, EUR, RUB

Commission: 0% (until 01/08/2018)

Minimum amount: any

Fund your account You can instantly fund your trading account with a plastic card "Visa" or "MasterCard".

How to top up your account:

2) Go to the section "Deposit trading account MT4" or MT5

3) In the form that opens, select the "Visa/MasterCard" deposit method, the number of the MT4 or MT5 trading account that you want to deposit, and indicate the desired deposit amount in rubles. You will be redirected to a page payment system.

4) Specify the card details: card number, last name and first name of the cardholder, expiration date and CVV/CVC2 code.

5) After successful completion of the payment, return to your Personal Account. Your account will be instantly replenished.

Note:

1) Card transfers for MT4/MT5 accounts are made only in rubles. If the currency of your trading account differs from rubles, the conversion will be made at the internal rate of the Personal Account.

2) The amount is credited to the client's account, as a rule, instantly, but, in exceptional cases, the processing company may initiate verification of your card payment. In this case, the enrollment period may increase. However, with clearly executed instructions on the procedure for making card payments, the risk of interference by the processing company is minimal.

3) Transfers from third parties, as well as from unnamed cards are not accepted;

4) The Company reserves the right to refuse to credit funds received to a bank account if the transfer was made on behalf of a third party. In this case, the Company will send the funds back to the account of the card from which they were transferred. All costs associated with the return of the transfer are paid by the owner of the card from which the transfer was made.

— Depositing funds through QIWI Wallet

Timing: instantly

Currency: RUB

Commission: 0% (until 01/08/2018)

Minimum amount: any

Fund your account In this way, you can instantly fund your MT4 and MT5 trading accounts. How to top up your account:

1) Go to the "Personal Account";

2) Go to the "Deposit account" section;

3) In the opened form, select the number of the trading account MT4 or MT5, the method of replenishment "Qiwi Wallet" / "Qbank" and indicate the desired amount of replenishment in rubles;

4) Confirm the specified data. After, you will be redirected to the website of the payment system.

5) Enter the phone number to which your QIWI Wallet is registered. Comment and e-mail are optional.

6) You will be invoiced in the QIWI system. You can make a payment after authorization in the system.

7) Your trading account will be instantly funded.

8) Go to the "Personal Account" to continue using the services of BCS-Forex.

Note:

1) The amount is credited to the client's account, as a rule, instantly, but, in exceptional cases, the processing company may initiate verification of your payment;

2) If the currency of your trading account differs from rubles, the conversion will be made at the internal rate of the Personal Account.

— How to fund an account on the Bittrex exchange

All beginners who are interested in cryptocurrency and want to make money on the exchange ask the main question “How to fund an account on the Bittrex exchange?”.

You can only fund your Bittrex account with Bitcoin (BTC), Ethereum (ETH) or any other cryptocurrency that I never had. Where to get these coins and how to buy them for rubles? Everything is quite simple: you just need to go to any cryptocurrency exchanger, buy bitcoins there, paying with any electronic currency: Qiwi, YandexMoney, Sberbank card or in general for cash and transfer them directly to your wallet on the exchange. You need to create a Bitcoin wallet on the exchange and use it for exchange.

Be careful - some exchange offices have limits on the number of bitcoins they are willing to sell you.

If you have a smaller amount, look for exchange offices with less favorable rate. In the same way, money is withdrawn from the Bittrex exchange - in the monitoring of exchangers, you find the best rate, go to the selected exchanger and change bitcoins directly from the exchange wallet to any electronic currency.

Update as of December 13, 2017. Due to the rush demand for Bitcoin (BTC) and Ethereum (ETH), in December 2017, delays began in transferring these cryptocurrencies to the exchange wallet, and the transfer fees also increased (by the way, the price on exchangers is now much higher than the real one). Therefore, it will be faster and cheaper to buy a less popular currency (Lightcoin, ZCash, Dogecoin, Dash and others) and replenish the corresponding wallet on the exchange. Pay attention - the wallet for each type of currency is different, it is created on the exchange in the same way as the Bitcoin wallet. If you transfer any cryptocurrency to a wallet of another cryptocurrency, then you will most likely lose your money, so be careful!

— Entering Forex money using electronic payment systems

1) WebMoney.
Transferring funds through the WebMoney payment system is very convenient and fast way make money on a forex deposit. Now the WM system provides three ways to replenish your account with the Broker: transfer from WM Keeper, WM Chek and WM card.

a) WMKeeper.
Enumeration in this way is made from personal account on the broker's website with the downloaded WM Keeper program. Following all the prompts of the system, you can quickly replenish your personal Forex account.

b) WMChek.
This is an electronic check that is bought in an electronic terminal such as Eleksnet or iBox. When buying WebMoney Check, the wallet number is your mob. phone number. The transfer in this way is made in the trader's personal account on the broker's website in the "deposit using WebMoney Check" section. It is important to save all data when purchasing a check in the terminal, because they will be needed for the transfer of funds.

c) WM card.
You can purchase WM-cards from dealers or order delivery of cards to your home and office in the regional centers of Russia, Ukraine, as well as in Moscow, St. Petersburg and Kyiv online on the official website of WM Transfer. This type depositing a trader's account is simple and fast. In the trader's personal account, you just need to select desired section and enter the WM card number.

The commission is taken by the WebMoney system itself in the amount of 0.8%. but not more than 50 USD / 50 EUR / 1 500 RUR / 250 UAH. Pluses, instant crediting of funds to the trader's account, low commission for transactions. Cons, not every city has the opportunity to replenish WM.

2) Yandex Money.
Replenishment of a trading account using the Yandex Money system. Transfer of funds in this way is made from the trader's personal account on the broker's website. As a way to replenish the account, you must select the YaD system, enter the required amount and follow the prompts of the system to continue the process. The payment will be completed in your personal account on the Yandex website.

Replenishment is made with a commission from 0% to 2.5% depending on the broker. The Yandex Money system works only in Russian rubles, the withdrawal limit is 15,000 rubles per day, to cancel the daily limit, you need to go through the identification procedure in the Yandex Money system.

The maximum total amount of payments during the month is 100,000 rubles. for unidentified users, for identified users 300,000 rubles.

Pros: low commission or its complete absence, fast crediting of funds to the trading account. Minuses, possible difficulties with the replenishment of the Poison wallet, the loss of part of the transfer on the exchange rate difference when converting to usd.

3) RBK.Money.
Transfer of funds to a forex deposit through the electronic payment system RBK.Money. To deposit funds using this method, you need to go through authorization in the trader's personal account, in the section for crediting money to a deposit, select the RBK.Money method.

The RBK.Money system offers many ways to pay your bill, you can choose the most convenient for you and easily top up your balance by following the prompts of the system.
Commission is charged from 0% to 2.5% depending on the broker.

The enrollment is instant.

Pros: low commission or its complete absence, fast crediting of funds to the trading account.

Cons: possible difficulties with replenishing the RBK.Money wallet, the loss of part of the transfer on the exchange rate difference when converting to usd. The withdrawal limit is 15,000 rubles per day. The system works only in Russian rubles.

4) Liqpay.
Replenishment of a trading account using the Liqpay system. The transfer is made from the trader's personal account.

In the "Replenishment method" column, select: Liqpay, enter the required amount and click the "replenish" button, the request will be automatically redirected to the LP system. Follow the prompts to continue the replenishment process.

It is possible to pay in two ways, from a VISA card using LiqPay or from an account in the LiqPay system.

Commission for replenishment through Liqpay from 0% to 3% depending on the broker and type of payment.

The term for crediting from an account in LiqPay is instantly, if from a payment card up to 24 hours.

Pros: the system works in the dollar, euro.

Cons: relatively high commission, withdrawal of funds is possible only to Visa cards or to an account in the LiqPay system.

All of the Forex account replenishment methods described above are the most popular among traders. Each broker has many ways to deposit and withdraw funds on forex.

A problem may arise, for example, when a trader has a deposit amount in the YandexMoney system, but the broker does not have a service for replenishing a deposit in this way, but there is a service for crediting using WebMoney.

For cases of this kind, there are Internet exchangers, these electronic exchangers are a service for exchanging Internet currencies and making payments on the Internet. The main activity of the settlement service is the input, output, exchange of WebMoney and other Internet payment currencies for banknotes and among themselves, in which you can exchange currency from one payment system to the currency of another. For example, YandexMoney to Qiwi or LiqPay to WebMoney and later deposit the planned amount to a personal forex account.

- Conclusion

As you can see, there are many ways to get money on the exchange. It all depends on the broker you work with. On the Internet you can find more detailed information if this is not enough for you. In any case, it's not that hard to figure it out. Some brokers provide information about this on their website.

To start trading on a cryptocurrency exchange, you first need to make money on it. This is not always an easy task and quite often beginners face various difficulties and do not know how to act in this or that situation in order not to lose their funds.

In this article, we will take a detailed look at how to get money on Binance. Everything is complicated by the fact that Binance does not support fiat - ordinary money, only cryptocurrency can be deposited on the exchange, so we will have to use various third-party services, and here we need to be very careful. But let's take everything in order.

There are currently two ways to deposit money on Binance or any other exchange that only supports cryptocurrency transactions:

• Use a cryptocurrency exchange- a very unprofitable option, since most exchangers put the coin rate much higher or lower than the exchange rate (depending on the type of operation, purchase or sale) so that only the exchanger wins. Therefore, I immediately reject this path for myself, and I advise you too.
• Use another exchange that supports fiat– there are many exchanges that support replenishment not only with cryptocurrency, but also with ordinary money, we can use them to replenish the Binance balance, we will consider this method further. I am going to replenish the exchange with hryvnias, so I will use the EXMO exchange.

Let's first figure out what operations we need to carry out in order to receive money on Binance:

• Top up your EXMO balance with the required amount;
• Buy transit cryptocurrency;
• Transfer transit cryptocurrency to Binance;
• Buy on Binance for a transit cryptocurrency, one of the universal ones, such as ETH or BTC, for which you can already buy what you need.

How to choose a transit cryptocurrency?

Previously, Bitcoin or Ethereum was used for transfers between exchanges, in principle, this was quite justified, because these are the most popular cryptocurrencies, they are considered the most reliable, but now they have too high transfer fees, for example, you will pay $ 5 for transferring BTC, for ETH - 3, and for USDT as many as six. Therefore, all these universal cryptocurrencies disappear. It is necessary to choose something simpler, with a minimum commission. I settled on Ripple. At the moment, the commission here is only 1 cent, which is quite acceptable, you can still choose Waves, but this cryptocurrency is not yet available on all exchanges, and Ripple is one of the most popular and is traded almost everywhere.

Another point worth paying attention to is the price of the cryptocurrency on the first and second exchanges. For example, now on EXMO you can buy Ripple for 0.00008793 BTC or 0.674 USD, and on Binance it already costs 0.00008844 or 0.682 USD, that is, we can buy it cheaper and sell it more expensive, it is important to look that it is not the other way around, so that you do not buy a coin more expensive , and then they sold it cheaper, otherwise you will lose even more than on the commission.

What will be the transfer fee to Binance

We have chosen a cryptocurrency for transfer, and now let's calculate all the movements that we will need to make, as well as the commission that we will pay at each step. Let's say we are going to top up our binance balance by 50 USD.

Transfer from the card. We transfer 50 USD to the exchange, the Visa / Mastercard commission is 2.6%. Therefore, it remains 48.70 and 1.30 commission.

Then we need to transfer our XRP to Binance. Here the commission will be 0.02 XRP or 0.85 rubles. We only get 72.03 XRP to Binance. If we now calculate what happened, at the same rate, then we got 48.5 USD. And this means that we paid 1.5 USD commission for everything about everything. And if you could find an exchange that allows you to replenish without commission with VISA, then it can be even cheaper.

The last step is to buy Ethereum on Binance with our XRP. The rate is 0.00112458 ETH for XRP. But on Binance there is one very important point, you can only sell a whole number of coins, which is why I used 50 USD in the example, and not another amount. For 72 coins, we will get 0.07685 ETH, taking into account the commission of 0.05%, if this is converted into USD at the rate of 608 for ETH, then we get 46.7. Here we see a total loss of 3.3 USD. But this is no longer a commission, but a loss due to the difference in rates. You can calculate everything yourself using this table. To be able to make changes, copy it to yourself.

Compared to exchangers, here you pay the same 2.6% for withdrawing money from the card, but do not pay 3 USD for a transaction on the Ethereum network and are not obliged to send your money to unknown and incomprehensible services.

How to transfer money to Binance

So, we have discussed everything and calculated everything, now it's time to act to find out how to fund your account on binance. Please note that the calculations in the article are relevant at the time of its writing, but everything changes very quickly and after its publication you will need to recalculate everything again, at least you need to update the rates in the table. I assume that you are already registered on EXMO and on Binance.

Step 1. Top up EXMO account from the card

Hover over the caption "0 BTC" in the menu bar, and at the bottom of the list select "Go to Wallet":

Then select the currency with which we will replenish the account. I choose USD because all calculations were made for it:

On the top-up page, select the Visa/Mastercard method, then enter the amount you need to top up and click the button "Replenish":

In the window that opens, enter the card details, phone number and email address:

You may also need to enter a confirmation code that your bank will send via SMS. Then, after a few minutes, the funds will appear in your account.

Step 2. Buying XRP on EXMO

Before making money on binance, we need to buy XRP. Go to tab "Bargaining":

Choosing a couple XRP/USD in the column on the right, you can use the search if you do not see the desired pair in the list:

Enter the amount of coins you want to buy, we need 72.2 coins. Write this value in the field "Quantity", and in the field "Price" enter the current market price. It can be viewed on the right in the glass of orders. Then press the button "Buy".

Step 3. Transfer coins to Binance

An article has already been written about this. In short, first you need to go to Binance, in the section Funds -> "Deposits":

Here you need to select XRP, then check the box that you understand how everything should be done, and then click the button "Continue Deposit":

In the next dialog, on the line "Withdrawal Amount" we write 72.2, below we need to fill in the wallet address and Destination Tag (Required two fields!):

Then you can press "Withdraw". The withdrawal will need to be confirmed by email. This is how you can top up your binance balance.

Step 4Purchase Ether on Binance

All that remains for us is to wait until the Ripple blockchain confirms the transaction and buy Ethereum for the received coins. Go to tab Exchange -> Basic:

Select ETH in the column on the right, and then find it in the list XRP:

Just scroll down and find Sell ​​XRP and in the field "Amount" prescribe the number of coins - 72 and choose the price according to the market. Next, press the button buy. And now you have 0.0808 ETH in your account, which you can use for trading. Or you can not change Ripple to ETH and it turns out that you funded your Binance account even cheaper. Now you know how to fund your binance account correctly.

conclusions

In this article, we have analyzed in detail how to get money on Binance without various exchangers with a minimum commission. This can only be done with the help of exchanges. Yes, it may seem complicated, but if you figure it out and shortchange everything, then everything is quite simple. If you have any questions about the article or find errors in the calculations, write in the comments!