For individuals new to the world of cryptocurrency or those who prefer a straightforward exchange process, finding an easy-to-use platform with competitive rates is crucial. This is where aggregators come into play. These platforms not only compile reviews of various trading services but also evaluate their reliability and list them based on user-friendly criteria, such as favorable rates.
This article delves into the workings of BestChange, a prominent name in the world of exchange aggregators, which has been operational since June 19th, 2007—predating Bitcoin’s official white paper.
Understanding Aggregators and Their Functionality
Aggregators, also known as exchanger monitors, serve as comprehensive directories of trusted platforms for exchanging cryptocurrencies, electronic currencies, and even cash. They play a pivotal role in helping users avoid fraudulent schemes that one might encounter when searching for exchangers independently online.
BestChange representatives emphasize the importance of being cautious online, as even aggregator sites can fall victim to phishing attempts. Users are advised to manually enter URLs and bookmark trusted sites to ensure safety.
BestChange leads in its sector, capturing the attention of 70% of monitoring users. While it faces competition from other aggregators, exchanges, P2P platforms, and Telegram bots, BestChange prides itself on offering a well-rounded solution that balances security, profitability, speed, and simplicity.
Operated by Agretis LLC and based in Dubai, UAE, BestChange requires exchangers to meet specific criteria before listing:
- The platform must have been active for over six months, with exceptions for those recommended by major exchanges or under the surety of a reliable exchange point.
- Exchangers should maintain reserves exceeding $10,000.
- They must provide transparent exchange terms.
- Russian-language customer support must be available, with response times within an hour during business hours.
It’s crucial to remember that while BestChange offers valuable insights and reviews, it does not guarantee transactions but rather aids users in making informed decisions.
Steps to Exchange Cryptocurrency Using BestChange
Exchanging cryptocurrencies through BestChange involves a few simple steps:
- Select a currency pair. Use the side panel to choose currencies in the ‘Give’ and ‘Get’ columns.
- Choose an exchanger. BestChange will display a list sorted by the best rates. It’s wise to check recent reviews to ensure reliability before proceeding.
- Execute the swap. Visit the chosen service, complete the exchange, and consider leaving a review to assist future users.
BestChange interface. Data: BestChange.
BestChange also provides information on offline exchangers for cash transactions. In these cases, rates may vary due to potential delays between order creation and fund transfer.
The platform features a ‘Double exchange’ option for users struggling to find a direct currency pair. This function identifies an optimal exchange route via a transit currency, ensuring the best rate.
Practical Test of BestChange
A practical test involved exchanging Tether (USDT) for Ukrainian hryvnias. On the BestChange homepage, we selected Tether (BEP20) in the ‘Give’ column and Monobank in the ‘Get’ column. The platform offered over 40 exchangers. By using the ‘Calculator’ feature, we filtered out exchangers that do not process amounts below 100 USDT.
Choosing the exchange direction on BestChange. Data: BestChange.
The exchanger with the best rate appeared suitable. After reviewing its key information and confirming its reliability, we proceeded to its website, which pre-filled the exchange pair. Following the submission of an email address, card number, and amount, and upon accepting the terms, the transaction was initiated.
Reviews of ECashExpert. Data: BestChange.
After creating an order, a USDT deposit address was provided, with a 30-minute window to complete the payment. The transaction was confirmed swiftly, with funds arriving in the recipient’s account within minutes.
