Cryptocurrency exchange: your list of exchangers or aggregator? – Bits Media

Buying and selling cryptocurrencies is often accompanied by high fees, unprofitable courses, and sometimes fraud. How not to get into bad company?

According to the research of the exnode.ru project, 55% cryptocurrency investors at least once faced troubles when exchanging coins for fiat money, and every fiftieth lost all funds during the exchange.

Experienced investor (not only “crypto”) has its own list of useful little things, which gives him an advantage over less experienced colleagues: alarm clocks, who are calling, if the coin has exceeded the limit set by the trader; demo accounts on exchanges, with which you can hone your trading strategy even before investing… Some of these tools are needed by traders, others are used exclusively by miners, but there are also those, which are useful to everyone. Such services include exchanger aggregators.

Exchanger aggregators are free services, which combine information about online- and offline cryptocurrency exchangers into a single database, compile a list of sellers and collect reviews.

The aggregator interface looks something like this:

Interface of an aggregator site for monitoring crypto exchangers exnode.ru

The main thing here is the list itself of hundreds of exchange offices. You can also select a currency pair using the exchange table on the left. After selection, the list of exchangers automatically changes, showing only those sellers, who carry out the exchange you need. The table contains the name of the exchanger, current rate, available reserve (that is, how much money is available now) and reviews.

Why cryptocurrency users use aggregators so often? Let's look at the example of exnode.ru, which has been gaining popularity in recent months.

First of all, price of use, or rather its absence. Some free services are much more useful, than paid ones. Aggregators are no exception in this case.. As already said, the site aggregates only verified exchangers, among which you can always find the most suitable.

Secondly, instant communication with exchange offices. If the BTC/RUB exchange rate in the exchanger has changed, the aggregator will show this on its website in 3-4 seconds. This way, users only have up-to-date information., and this protects against unexpected changes in the terms of the transaction.

Thirdly, on exnode you can specify the city, in which you want to exchange cryptocurrency for fiat money. This feature will be especially useful for those, who exchanges large amounts using offline exchange.

Fourth reason – quick comparison of rates. Using an online aggregator, you can sort exchangers according to the most favorable rate of a currency pair. Without the service, you would have to go to the websites of several sellers and compare exchange conditions manually.

Fifth reason – safety. Exchangers, which are presented in the list, verified by site administrators. Suspicious sellers are not included in the list. As soon as any of the verified exchangers arouses suspicion or is convicted of fraud, he is immediately removed from the site. In addition, on the site you can view reviews from real clients..

The survey revealed, that after using the online aggregator almost 74% users change their exchange office due to a more favorable rate, loyalty system or referral program. 49% respondents indicated, that they started using aggregators, having done more than that before 5 transactions, 35% committed from 1 to 5 transactions and only 16% started using the aggregator before making the first exchange.

It was also revealed, which of these people 60% named the main reason for using aggregators is the search for a more profitable exchange rate, 25% afraid of falling for a scammer, and the rest 15% due to the closure of the exchange office, with whom they collaborated previously.