Nowadays there are many popular crypto-fiat exchanges that compete in functionality, simplicity, and convenience. However, it is not easy for a beginner to make a choice among them. Let us discover their main types and special features.
There are exchangers operating on different principles, differing in the level of convenience and complexity for beginners. Three main categories can be distinguished:
1. Online exchangers like Emirex. These resources have their own reserves, through which transactions are carried out, and work on the principle of banks. The user selects a currency pair, indicates the amount, transfers the asset being sold to the service account, and in return receives the desired cryptocurrency or the amount in fiat, depending on the direction of the crypto fiat exchanges. They are easy to use and reliable.
2. Local exchangers. Offline services work like regular currency exchange offices, although they may have a website where applications are submitted. Such companies allow you to make a transaction at the checkout: pay in cash or by card in order to receive crypto in return or vice versa. The advantages of such services are security and the ability to receive cash, the disadvantage is their low prevalence.
3. P2P exchanges. These services do not own their assets, but only perform intermediary functions, connecting currency sellers with buyers. On such platforms, a client who wants to make an exchange creates his own order for the required amount or finds an existing one and exchanges amounts with the counterparty. The advantages are the conditions and profitable rate, the disadvantages are a little more complex than conventional services, as well as the need to study the reputation of the counterparty.
Since all services have their pros and cons, you need to make a choice based on personal priorities. For beginners, one can recommend ordinary online exchangers if they are interested in safe transactions.