Ethereum is one of the most popular and expensive digital assets. However, like all other cryptocurrencies (including its older “brother” Bitcoin), it is subject to exchange rate fluctuations: it either rapidly loses value or actively grows upward, surprising even experienced analysts. Any owner of Ethereum coins who has received an asset by mining or has earned it for any service wants to exchange Ethereum (ETH) to Monero (XMR); it is as expensive as possible, which means it is worth understanding how and when this can be done www.bestchange.com/ethereum-to-monero.html.
Ethereum rate: how to choose the time to sell coins profitably
As the main economic rule says, selling any currency when it gains value and, even better, when it is at its peak makes sense. Let’s look at how to pick the moment.
So, if you analyze the price of the Ether cryptocurrency throughout most of 2023, it remained more or less stable until August, when its rate was around $1550. But for entirely predictable and objective reasons, by the end of the year, it increased in price, approaching the $1900 mark, indicating a favourable period for withdrawing coins to those owners who do not think about long-term prospects and want to make an urgent exchange.
Having noticed positive trends in the overall growth of the cryptocurrency rate, keep in mind that the price of coins fluctuates slightly locally, i.e. depending on where exactly you will make the exchange. It can be done using a cryptocurrency exchange, which is cheaper but more difficult and takes longer or very quickly, according to a simplified scheme through an electronic exchanger. In all specialized exchange services, the price is different, so it would be a good idea to look at the results of special monitoring of electronic exchangers to find out where the offers are the most profitable.
The course direction is suitable – what next?
If you decide to withdraw ETH, then you need, in addition to assessing the general trend of coin price movements:
- decide on the direction (for example, determine that it is essential for you to exchange Ethereum to Monero cryptocurrency);
- find out what specific ETH rate is set for exchange in this direction today (in this case, you can see it on the selection of exchange websites;
- select the exchange service through which you will make the conversion (to do this, it is better to use the monitoring portal, compare offers, and read the conditions and reviews of other clients of the exchanger).
This procedure assumes that you already have a Monero Wallet (if not, you need to open it on the official XMR website before the transaction).
The exchange operation itself, if it is decided to be carried out through an exchanger, does not present any difficulty, and the most important thing is to choose a favourable moment and a reliable service with a reasonable ETH rate. Next, all you have to do is go to the exchanger’s website, fill out the fields of the electronic application for exchange (the data necessary for the transaction is entered there: amounts, Monero wallet details, phone number and e-mail of the client, etc.), confirm the transfer and follow a few simple steps according to the instructions provided by the exchange resource.
As you can see, exchanging ETH at a favourable rate is not difficult. Still, you must be careful in choosing an exchanger (it must be reliable and verified, and also be sure to offer favourable conditions for you) and filling out the application (one mistake can cost you a good amount of money).