Shiba Inu (SHIB) exchange to US dollars
Features of Shiba Inu memcoin exchange to US dollars
There are several options available to users to exchange Shiba Inu (SHIB) memcoin to US dollars:
- via electronic payment systems;
- by transfer to a bank account or card;
- receipt in cash;
- through the money transfer system
Electronic payment systems
This method lets you quickly receive US dollars and other currencies with little or no fees. Electronic payment systems' blockages of transactions and accounts are rare, which is an additional advantage of this method of exchange.
BestChange users can exchange SHIB to US dollars using the following payment services:
- WebMoney (WMZ);
- Perfect Money;
- PayPal;
- Volet (formerly Advcash);
- Payeer;
- Capitalist and others.
Transfer to a bank card/account
This method is often chosen by users who need funds for online purchases and offline payments. However, this method has its peculiarities:
- First, all banking transactions fall under the supervision of supervisory authorities. Banks can block suspicious transactions and even freeze accounts, especially if a user shows unusual bank account activity.
- Secondly, interbank transactions often have higher fees than electronic payment systems, which can also affect the exchange rate.
Money transfer systems
Users can choose any money transfer system available in BestChange's exchange table. As a rule, such transfers are pretty fast and do not get blocked, unlike bank transfers, especially when it comes to significant amounts.
Cash
Usually, a user does not need to go somewhere to get cash USD; most often, the money is delivered by a courier after paying for the application on the site. Cash is good for hiding financial transactions from banks and other payment services if it is essential to the user.
Exchange stages
1. Selecting an exchange direction
On the left side of the exchange table on the BestChange website, you need to specify the cryptocurrency the user plans to sell, in this case, Shiba Inu (SHIB). It is worth noting that SHIB can be exchanged through the Ethereum Core Network in the form of the ERC-20 token and through the BNB Smart Chain blockchain in the form of the BEP-20 token.
On the right side of the table, the user must select one of the available methods of receiving funds:
- e-money;
- internet banking: it is possible to select a general Visa/Mastercard USD item or specify a specific bank;
- cash (USD);
- money transfers.
After selecting a specific direction, the BestChange website will provide a complete list of all exchange sites relevant to your request.
2. Filling out the exchange request form
After selecting an exchanger, the user must go to the service's website to create a request. In the exchange request, the user needs to specify at least his/her wallet address/phone number or account number for receiving USD, the amount of exchange in SHIB tokens or USD, and e-mail (which should receive a receipt of successful operation after the transaction is completed).
3. Sending SHIB to the address of the exchanger.
The next step is to transfer the SHIB token to the cryptocurrency wallet address provided by the exchange service. It is important to transfer assets only in the network that the user chose when creating the request; otherwise, the exchanger may not credit the funds. The problem will have to be solved through the support service of the online platform.
The exchanger must confirm receipt of SHIB cryptocurrency from the user. This usually happens immediately after reaching a certain number of confirmations in Ethereum or BNB Smart Chain or within 5-30 minutes, depending on the online platform's mode of operation.
4. Receiving USD
After all exchange conditions are met, the exchanger will send USD the way previously chosen by the user: by transfer to an account or bank card, payment service (EPS), money transfer system, or delivery cash by courier.
