offline vs online

Today, you can buy and sell cryptocurrency in Russia both online and offline. In the second case, you can use cash rubles, euros or dollars, which ensures anonymity and independence from the banking system. One way or another, you need a personal account to trade crypto crypto wallet – “cold” or “hot”. How do they differ from each other, and which trading method is better – online or offline, I will tell you a little below. Well, for now, let's talk about live exchange or offline exchange.

Offline crypto exchangers in Russia (Moscow)

The current sanctions have not affected the work of cryptocurrency exchangers in Russia, through which you can still transfer money abroad and exchange fiat money for digital (and vice versa). Today, this is almost the only way to unlimitedly convert rubles into currency and then send it to foreign recipients. The scheme also works in reverse, and if desired, crypto can be received from abroad “directly” in Russian rubles in cash.

Today, no Russian bank offers such an opportunity, especially if the exchange is carried out with Western countries. It is not surprising that offlineelectronic currency exchangers are so popular in the Russian Federation, and operate in almost every major city. The advantages of these services include:

• Complete anonymity. When working with cash, your transactions cannot be tracked, and the exchanger does not ask clients for passport data or credit history;

• No transaction fees. Thus, large exchange services do not charge clients a percentage of the transferred and converted amounts;

• No “freezing” of funds. They are not held in accounts and are transferred in a short time – right in your presence;

• The presence of an AML officer, which ensures a high level of transaction security;

• The ability to exchange one cryptocurrency for another. For example, you can exchange BTC to USDTor vice versa – without including fiat money in the process;

• Premium VIP office. It is available to clients of every major crypto exchangerand allows you to conduct transactions in a comfortable and private environment.

To find out, where to exchange cryptocurrency in your city, you can use monitoring sites like Exnode.ru. They provide the ability to filter services by geographic location: both in Russia itself and in other countries. Thus, large crypto exchangers, as a rule, have their own representative offices in Turkey, Egypt, Thailand, Armenia, Georgia, Bali, etc. This makes it possible to quickly and safely transfer digital assets bypassing banks, and with minimal losses and maximum anonymity!

Exchanger monitoring site Exnode.ru

Are there any downsides to crypto exchangers?

In addition to the obvious advantages, offline cryptocurrency exchangers also have their disadvantages, which also need to be listed. These are primarily:

Limited list of cities they operate in. If exchange cryptocurrency for rubles in Moscow, St. Petersburg or Yekaterinburg you can do it without any problems, but residents of Solnechnogorsk, Luga or Torzhok will have to go to the regional center for this. It will not be possible to conduct a transaction remotely, and the offline exchanger needs your “physical” presence in the office;

Limited working hours. Offices are not open every day, and not all day. As a rule, offline exchangers do not have a strict working schedule, and all office visits are agreed upon in advance, on an individual basis. The only exception is VIP clients working with large sums of money. They can get not only quick access to the VIP office, but also courier delivery of cash directly to the address.

If you are not a VIP client, this may create some inconvenience when using offline exchangers, whose work is inconsistent and not standardized. Therefore, be prepared for the fact that exchange Bitcoin for rublesor rubles to Tether “right now” will not work, and for this you will have to wait a day or two.

Selecting and creating a crypto wallet

Unlike fiat money, cryptocurrency has no “physical” embodiment and exists only in digital form. It cannot be “cashed” in the usual sense of the word, but can be exchanged for one or another currency through specialized services – online and offline exchangers. Both to buy and to sell digital tokens, you need a crypto wallet where they will be stored. You can choose one of two options:

• “Hot” crypto wallet. Works through a browser, desktop programs or mobile applications, and requires a constant connection to the Internet. With a hot wallet, you can make the necessary transactions at any time, but in terms of security, it is much inferior to a cold wallet, since it can be hacked, like any service that exists online;

  

• “Cold” crypto wallet. Does not require a permanent connection to the network, and Internet access is only needed when conducting transactions. The rest of the time, the wallet stores crypto offline – on a removable physical medium, for example, a flash drive.

Using the tools available today, it is possible create crypto walletsdiffering in the way secret keys are stored, in the type of connection, in the type of management, and in the number of supported coins. Another option, optimal for beginners, is to use a multifunctional wallet such as Exwalletwhich is replenished in Russia by all available methods and allows you to carry out transactions in one click. Including – gives the opportunity exchange USDT into rubles at the usual (not reduced) rate: approximately 1 to 90.

Online crypto exchangers in Russia

Online exchangers operate on a fundamentally different principle, eliminating the possibility of anonymous transactions. Thus, here you will definitely be required to provide payment details, and you can only give and receive rubles by bank transfer, that is, under the close attention of the banking system and the tax service. If this suits you, then exchange cryptocurrency online can be faster and more convenient than offline. So, “online” also has a number of advantages:

• Simple and fast exchange. You do not need to come to the office, and transactions can be carried out at any time, without leaving your computer;

• Expanded selection of cryptocurrencies. In addition to top tokens – BTC, USDT and ETH – you can buy and sell altcoins online, including recently launched startups;

• High liquidity, which allows transactions to be carried out without significant impact on the market price of tokens.

Exchange crypto online from a PC, laptop, tablet or smartphone. To do this, the device must have a browser with access to the exchanger page, or its mobile version – in the form of an application. Another mandatory condition is the presence of a personal crypto wallet. If you do not want to waste time creating it, you can limit yourself to a simplified and intuitive version Exwalletavailable on both desktop and mobile devices.

Disadvantages of online cryptocurrency exchangers: are there any?

The lack of anonymity and the need to provide your payment details is the main disadvantage of online services. Exchange crypto for cash through them it won't work either, and online exchangers work only with non-cash payments. The list of significant disadvantages can also include:

• Risks of hacker attacks and data loss;

• Commission fees, often exceeding 5-10% of the transaction amount;

• The need to link a bank card, and only from the list of those banks with which this particular service works.

Before that how to exchange USDT to rubles (or conduct any other crypto transaction), you will have to go through a lengthy registration and verification procedure, and provide your personal data. Naturally, there will be no talk of any confidentiality in this case.

Online and offline crypto exchangers: reviews and final choice

Judging by the reviews of cryptocurrency exchangers left on the Internet by numerous users, we can draw at least two conclusions:

• Exchange Bitcoin for rubles (or vice versa), using an online service is worth it if you prioritize speed, simplicity and convenience. But you will have to pay for them with the loss of anonymity and an inevitable decrease in the level of information security;

• If privacy and security are your priority, then you should exchange Bitcoin for rubles (cash out) or buy it using an offline crypto exchanger. You may have to sacrifice time and comfort (come to Moscow City), but the game in this case is “worth the candle”.

Using offline and online exchangers in Russia, today you can freely convert one coin into another, turn them into cash and non-cash “fiat”, or vice versa – transfer “fiat” into digital coins. Exchange BTC to RUB, USDT to ETH or RUB to USDT is possible in every major exchanger: profitable, and without restrictions!