Buy Cryptos with Rubles. Table of Contents

Where to buy Cryptos with Russian Rubles?

In 2013 alone, the number of unemployed in the world was replenished by 5 million people. More than five years after the mortgage crisis and the resulting economic crisis in 2008, the growth rate of the global economy remained insufficient.

The costs of buying or exchanging Bitcoin include, in addition to the cost of a transaction in the crypto network, also the commission of the exchanger or exchange, and such losses can be significant, especially for small amounts. We will offer several options for where and how to buy a cryptocurrency for rubles for both a beginner and a person with experience.

Which is the Best Cryptocurrency to invest in 2021?

1. Online exchanger

A simple, fast and fairly reliable way to buy or exchange (the most popular 60cek, X-pay, ProstoCash, 365Cash, XChange, Ychanger): you can view active monitoring and choose an exchanger on special services, for example, bestchange.ru or kurs expert.

The interfaces and methods are intuitive, all sites are tested, it is enough to choose which cryptocurrency to buy for rubles, find the optimal rate, enter the necessary data and choose the form of payment. Debit/credit cards of Sberbank, WebMoney, Yandex Money, QIWI, Payeer, PayPal, bank transfers and even cash are usually available. As a rule, exchangers include their commission in the exchange rate – 1-5% of the market rate, but sometimes the commission amount is allocated separately on the transaction registration page.

2. Cryptocurrency exchange

Practically the best option for those who want to profitably buy a cryptocurrency for rubles. The idea is to fund a trading account with the available currency, then exchange it for the desired crypto at the market rate using an order (market or limit). Many are scared off by the need to register and verify an account, as well as a bank card through which operations are performed; but on the stock exchange, you can not only exchange and store currency but also make money on speculation.

There are not many trading platforms that support operations with the Russian ruble, the most acceptable conditions are offered by exmo.me and CEX.IO. After verification, these exchanges provide an opportunity to replenish the account in rubles from Visa / Mastercard, the commission for entering does not exceed 5% of the total amount.

3. Banks

If you need a cryptocurrency, you can buy for rubles from a card, for example, from Sberbank, using:

4. Electronic payment systems

For example, such as Yandex Money, WebMoney, Qiwi, AdvCash. The latter system does not support direct communication with Sberbank, but it allows you to make deposits from Visa / MasterCard with a fixed commission of about 2-3%.

5. Peer-to-peer services (P2P exchange)

For example, localbitcoins.com or livecoin.net. The usual scheme: we register, choose an exchange coin, find a user with suitable conditions and conduct a transaction. The commission is low, the rate usually differs little from the market one, but there is a high risk of getting caught by a scammer.

6. By direct exchange

To buy a cryptocurrency for rubles, we contact the counterparty personally, agree and conduct a transaction (in cash or by bank transfer); the level of trust in such a partner is determined independently.

You can also:

7. Buy cryptocurrency for rubles online via Telegram account

The operation is performed directly from the phone using the @BTC_CHANGE_BOT bot: the interface offers a wallet, rate monitoring and an exchange operation. For safety, the bot “fixes” the required amount on the user’s account before receiving information for transferring money, after which we send rubles from the bank card to the details and confirm the transaction.

8. Buy any tokens through a cryptomat

Such transactions (by bank transfer or for cash) are carried out with minimal risk, reasonable commission, without intermediaries and lengthy verification, but the number of such devices is still too small – there are more than 4,000 in the world and only 51 in Russia (at the end of 2018).

Today, buying cryptocurrency for rubles – for mutual settlements, accumulation or speculation – is quite affordable for everyone, but do not forget that not only technologies but also legislation are actively developing in this area. We recommend that you constantly monitor information about the regulation of the international and national cryptocurrency market, because at any time new bans and new opportunities may appear.

Methods to make profits with Cryptocurrencies

The thirst for “easy” money constantly pushes immature souls in the casino, in the HYIP, then in the lottery. Advertising of earnings on the cryptocurrency exchange claims that it is enough to buy all the bitcoins savings, and “millions” are already in your pocket. Read on to learn how to properly manage your e-currency.

Digital money differs from fiat money in extremely high volatility and forecast complexity, so the risks of operations with a crypt are much higher than with any other assets. Despite the fact that the total capitalization of the decentralized crypto market reaches one trillion dollars, almost all cryptocurrencies are not legally regulated and have no financial guarantees.

How to start trading Cryptocurrency on OctaFX’s MT4 and MT5?

Passive earnings on the cryptocurrency

Tokens are simply bought up with a view to a sharp increase, they are stored for some time either on the exchange account or in cold wallets, and when the rate rises, they simply change to fiat or any other asset. As a rule, these are short-term investments – for a period from a week to several months.

A rapid rise in price can be caused by an active advertising campaign, a planned launch of a hard fork, or other technical events, such as the launch of bitcoin futures on CME. You can invest in a token at the IPO or pre-mining stage, or in the development of a startup after entering the market, but then, at least, for a medium-term – from 1 year.

Long-term forecasts (with the exception of insider information) are indifferent to such investors, the project may turn out to be an ordinary hype or one of the hundreds of “fast” unpromising cryptocurrencies. But this is not important, the main thing is the confidence that this particular asset will grow in the coming weeks or months.

If you are not ready to “freeze” money in such investments, then you can try …

Active earnings on the cryptocurrency

The cryptocurrency is used as a normal exchange-traded asset with standard trading properties. The usual margin trading is going on – “buy cheaper and sell more expensive”.

First of all, we need a reliable trading platform (crypto exchange): we make a careful, informed choice, only the standard requirements for a broker are much stricter. We pay attention to official registration, regulation, level of protection (both access and deposits), consistently high trading volume, trading conditions, input-output schemes, reviews, information about any problems, theft of tokens, lawsuits, etc. We must test the trading process on a demo account or a small real one.

The options are:

1. Make money on the cryptocurrency exchange by ordinary trading

Most often, an asset is traded from a popular token (BTC, LTC, XRP, ETH) and fiat currency (USD, EUR, CNH) – such pairs are better predicted by conventional methods due to the high technicality of common currencies. Of the “purely cryptocurrency” pairs, BTC / LTC and BTC / ETH are in the highest demand, but this depends on the specific trading platform. Margin conditions and leverage are selected in the same way as for ordinary assets.

2. Arbitration

The market (“fast”) difference in rates on several exchanges is used simultaneously: we buy an asset where it is currently cheaper, and sell it where it is more expensive. Gradually, these earnings on cryptocurrency exchanges are losing their relevance, since it is necessary to keep several deposits and the ability to instantly respond to the market. For such transactions, it is beneficial to use a cryptocurrency trading bot – the robot can easily raise 50-200% per month, and with manual trading – no more than 10-20%. It is necessary to take into account the commissions for conversion from exchange to exchange, time delays and loss of communication, destroying the already small profit from each transaction. Alas, the most advantageous difference in rates is observed precisely on small exchanges, where all these problems are observed.

3. Margin lending

Providing loans to active traders directly through the functionality of the exchange, usually short-term – up to 1 month. After the expiration of the period, we get back the same crypt with interest, regardless of the trader’s trading results. The profitability depends on the exchange and on the size of the loan: if the loan corresponds to the amount on the trader’s trading account, and the trading platform is reliable, then you can even have guarantees from the exchange. A larger percentage can be obtained by lending unpopular cryptocurrencies, but it is more difficult to find demand for them. The usual income does not exceed 25-70% per year.

We strongly advise you not to forget how much cryptocurrency exchanges earn on small inexperienced players – more than 80% of newcomers leave their money there. The crypto market is a very complex business that requires not only investment, technical and fundamental knowledge, but also character.

By traditional trading, experienced players can earn on the cryptocurrency exchange from 100% per month, beginners rarely raise more than 15-20% with a high risk of quick losses. Therefore, we regularly withdraw part of the crypto profit from trading and monetize it into fiat currencies or other assets.