Finding an ecurrency exchanger that delivers a fast, efficient and affordable service is a key element for online investing.
When you find an online investment programme that you believe offers a good return and has the capability of being around for the long term you’ll need to find a way to make an investment. One of the difficulties you will encounter online is that payments are not necessarily all that straightforward.
To be frank depositing and withdrawing funds from an online investment programme is something of a pain. There are normally several parties involved which equates to time and cost being involved to your detriment.
In essence ecurrency is a way to get funds from your personal account to the programme. In some programmes it is possible to transfer funds by bank wire but this can be expensive and given the way banking systems work also very slow.
To overcome this problem ecurrency providers have set up online to manage the task of transferring funds form your personal account to your chosen payment processor.
Generally speaking ecurrency is US$ based although more options are now being made available, especially Euro accounts. The currency of choice generally depends on your location and the needs of the programme you are investing with.
Getting to know you
Like all financial institutions ecurrency exchangers will require some form of verification from you before you will be able to carry out any transactions.
Be prepared to provide proof of id and a utility bill for proof of address. Some may ask for additional information but generally what I’ve shown here is sufficient. Normally you can provide scanned documents for this purpose so it can be completed quickly.
Once an account is set up you will be free to deposit and withdraw funds. Of course all this is not free and depending on the business model some charges will be incurred. It’s best to do your own research when comparing exchangers as particular offers may be more suitable for your needs.
Like a speeding bullet
As an ecurrency exchanger is another link in the chain you want to find one (actually you will probably be best to open accounts with a small number to provide flexibility) that offers a speedy platform which is easy to use and keeps you fully informed of what is happening with your funds.
Any delays resulting from an ecurrency exchanger can only add to the frustration of moving funds around whether it is for depositing or withdrawing funds.
Below is a list of some of the ecurrency exchangers online. Take a look at each one to see which would suit your needs the best. Given the wide market for these services these can only ever be a selection:
- London Gold Exchange
- Vela Exchange
For a full list take a look on the Global Digital Currency Association website.
Only Choose ecurrency exchangers that provides convenience, speed of operation and realistic charges, don’t forget it’s your money they are dealing with.