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Best Coin Changers 2018 – [Buyer’s Guide]Last Updated December 1, 2018
Best Coin Changers of 2018
The above tidbits will bring you closer to selecting coin changers that best serves your needs and as per your budget. I’ve based my selection methodology on customer feedback, the size, functionality, and budget to meet various demands.
Many brands have introduced coin changers on the market. These brands have resulted in a variety for the user. These require that the consumers be well aware of what they are buying so as to make the best choice. Like choosing clothes or cosmetics, choosing coin changers should be based on your purpose, favorite style, and financial condition.
Test Results and Ratings
Why did this coin changers win the first place?
I was completely satisfied with the price. Its counterparts in this price range are way worse. I don’t know anything about other models from this brand, but I am fully satisfied with this product. I really enjoy the design. It is compact, comfortable and reliable. And it looks amazing! The product is very strong. Its material is stable and doesn’t crack.
Why did this coin changers come in second place?
I recommend you to consider buying this model, it definitely worth its money. This is a pretty decent product that perfectly fitted the interior of our office. Managers explained me all the details about the product range, price, and delivery. The material is pretty strong and easy to wash if needed.
Why did this coin changers take third place?
This price is appropriate since the product is very well built. It is inconvenient to use due to the size. I am going to get something different next time. We are very pleased with the purchase — the product is great! It doesn’t squeaks nor bents. Looks great in my apartment.
Coin Changers Buyer’s Guide
What Is Binance
Binance is one of the top cryptocurrency exchanges, headed by Changpeng Zhao and a team distributed around the world. It has all of the main features you want to see in an exchange like support for trading pairs with all of the major coins (BTC, ETH, LTC, NEO), multiple languages, multiple device platforms, clean user interface, and importantly, extremely high throughput from its order matching engine of up to 1,400,000 orders per second.
Binance does not provide fiat (eg. US dollars) to cryptocurrency exchange, rather focuses purely on crypto-to-crypto. It emphasizes security, speed, and customer service above all else.
If you’ve used other exchanges before, you can definitely feel the difference in execution speed. The engine underlying Binance in fact is already powering 30+ other exchanges in Asia.
Compared to other top exchanges, Binance offers a relatively limited selection of coins to trade – if you want to get anything outside of their supported list, then you will have to go elsewhere. This list will continue to expand (OAX, DNT, MCO, ICN) however and will not be a con for long. In Sep 2017, Binance added a Community Coin per Month program where the coin with the most number of community votes will be listed.
Get Bitcoins or Ether
Now that the fluff is out of the way, let’s get to getting ourselves some BNB! The first thing we have to do is get ourselves some transacting cryptocurrencies. In the digital currency world Bitcoin is king and Ether is queen, and either suffices to getting practically any cryptocurrency you would want, including BNB.
A few days later…
Okay great! Let’s get those BTC or ETH over to Binance now. Tab on over in your Coinbase account to “Accounts”, select “Send” from one of your coin balances, and pop in the deposit address from your Binance account with all of your new cryptocurrency.
With all of the traffic slamming Coinbase, if you’re looking for alternative places to buy BTC or ETH here are a couple more popular places:
Changelly — Super easy interface and provides a wider variety of coins to buy like Ripple, Dash, Monero
LocalBitcoins — Peer-to-peer buying marketplace, the advantage is that only you and the other person have knowledge of your transaction. They have an escrow service to facilitate transactions if needed.
Fund Binance Account
What Binance account, you ask? If you haven’t already, make an account on Binance (disclaimer: my referral link), and have your 2FA and so forth configured for extra security. One of the great conveniences of Binance is that, just by signing up, you are “Lv. 1″ and can withdraw up to BTC per day. You should see a screen like below once you are up and running:
Now hover over the menu nav dropdown “Funds” and select “Deposits Withdrawals”. This page will show you the entire list of coins that are traded on Binance. We can think of these line items as all of our online wallets that hold our coins on the exchange. your total balance in order
At the very right of each line, you will see “Deposit” and “Withdrawal”. The former is what you want, and clicking it will open an inline section with your BTC or ETH address. This is the address where you should be sending your new coins that you got from Coinbase.
Closeup of the “Deposit” and “Withdrawal” buttons
Zoomed out to see the whole line. Yes, that is my real BTC address!
From Coinbase, you input your address that you get from Binance.
Once you send your BTC or ETH into your respective Binance wallet, then you are ready to actually start trading on Binance and proceed to the next step!
Set up a Bitcoin wallet
Before you can buy any Bitcoins, you’ll need somewhere to keep them. This is done by creating an online wallet. These are offered by a number of online sites, often with apps for Windows, macOS, Linux, Android, and iOS.
The Bitcoin.org site lists several wallets from different creators, but you can also try popular apps like Mycellium, Coinbase, or Blockchain, which claims to be the world’s most popular digital wallet.
The most important things to look for when selecting a wallet is security and ease of use. The more secure the better, as Bitcoin theft has been a problem in the past. This was proven in spectacular fashion in 201when the most popular exchange in the world was brought to its knees after 850,000 Bitcoin were stolen.
Be sure to find a wallet provider that allows two-step authentication, always use a strong password (don’t forget it!), and if possible look for the ability to backup your wallet offline.
Most modern providers offer high-levels of security, but in your mind you need to think of a Bitcoin wallet as an actual wallet. If you lose your cash, you’re not getting it back. The same is true of Bitcoin. So protect it judiciously.
Take your time, do some research on any potential wallet providers you prefer, and things should go smoothly.
For more details on how to secure your wallet, and the potential risks involved, read this helpful guide on the Bitcoin.org site.
Others are listed on the Litecoin Wiki.
At present, one of the biggest issues facing litecoin is the lack of exchanges willing to deal in it.
There are roughly two dozen litecoin exchanges, but most of them only allow BTC/LTC conversions, making the buying process cumbersome.
BTC-E, Bitfinex, Crypto-Trade and Kraken sell litecoins for euros, dollars and roubles, but availability depends on your location. For example, UK investors can buy litecoins directly from Bittylicious and BitBargain with a domestic banking transfer, but this is not the case in most countries. Australians can convert to and from AUD at CoinSpot.
You may think the most straightforward way to purchase would be to buy litecoin via fiat wire transfer using an exchange, but this can be a tedious process for a number of reasons. Some major bitcoin exchanges like BTC China and Coinbase do not handle litecoin transactions at present.
Speed is the most obvious advantage of using bitcoin to buy litecoin. In theory, it should take just minutes, whereas international wire transfers can take days to clear and potentially incur additional costs. The limited number of litecoin exchanges means that the vast majority of potential investors have to rely on international transfers.
An alternative is to buy bitcoin locally, forgoing the hassle of wiring money abroad, and converting it into litecoin. The upside is that you will get your bitcoin sooner and possibly get a better price when you convert it, provided litecoin’s value keeps going up. The downside? You are likely to pay more for bitcoin if you are limited to the local market.
Litecoin wallets can be problematic
A number of exchanges offer online litecoin wallets, but they are hardly elegant solutions. Many users will want something more secure, like cold offline wallets. Luckily, litecoin features built-in encryption that you can use to protect your wallet in just a few clicks.
That said, the choice of litecoin wallets is rather limited compared to those available for bitcoin. Many users choose to use the official Litecoin-Qt desktop client, but it has its fair share of foibles, including reported syncing issues. Electrum also has an offering (OS X/Linux/Windows) using a 12-word security passphrase (or ‘seed’) to protect your account.
A few online wallets charge users for transactions and even plain storage, so be sure to read the fine print.
For longer-term cold storage, you may want to setup a litecoin paper wallet.
It is also possible to get credit card-quality ‘paper wallet’ cards from Crypto Coin Wallet Cards, while a few smaller companies are already selling physical litecoins or coin holograms.
You can keep up to date with the latest litecoin news here. Litecoin network data can be found here.
Four reasons 201belongs to virtual currencies
The catalysts behind the rise in virtual currencies appear to be a mixture of four tangible and intangible factors.
First, we’re seeing clear excitement about the future of blockchain technology. Blockchain is the digital decentralized ledger that underlies virtual currencies and records transactions without the need for a financial intermediary. This burgeoning technology makes altering logged data practically impossible since most blockchains are open-source networks. This added level of security, along with the ability to settle transactions in real time, could make blockchain an attractive technology for the financial services industry.
Second, weakness in the U.S. dollar throughout much of the year has sent some investors scurrying to cryptocurrencies. When the dollar weakens, it devalues the cash that investors may be holding on to. Traditionally, investors would seek to deploy some of this cash into gold, as gold has been used as a currency for centuries, and its scarcity makes it a suitable store of value. However, with some digital currencies, like bitcoin, having a cap on the number of coins that can be mined, they are also viewed as scarce and thus perceived to be a store of value.
News-driven events have served as a broad third catalyst. Announcements like Japan accepting bitcoin as legal tender and 200 companies in the Enterprise Ethereum Alliance testing out a version of Ethereum’s blockchain in small-scale and pilot programs help validate the existence of virtual currencies.
The key word here is “consider”
While I favor Ethereum far and away more than any other cryptocurrency, the key word to focus on here is “consider.” Though I believe Ethereum’s blockchain to be superior in attracting enterprise customers, I still believe there’s far too much risk to consider investing in digital currencies at the moment.
Four Bullion Portfolios
Please note that our recommendations vary depending on your concerns and the market. If you want to invest in gold and silver to protect your assets and have something easily divisible and spend-able to hedge currency depreciation or collapse, then:
At least half in silver (either US 90% silver coin or 1oz. Silver Rounds) and half in British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.or 2) or some other inexpensive, fractional gold coin.
Two-thirds US 90% silver coin or 1oz. Silver Rounds, with the balance divided between a fractional coin like British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5, or 2) AND Krugerrands, Austrian 100 Coronaes or Mexican 50 Pesos.
Two-thirds US 90% silver coin or 1oz. Silver Rounds; half of the remaining third in Sovereigns, French 20 Francs, or 1/oz. American Eagles; and the balance in one oz. Krugerrands, Austrian 100 Coronas, Mexican 50 Pesos, or American Eagles.
If you want to invest in precious metals to simply protect your assets and don’t think you’ll ever need to actually barter with them, then:
Half in US 90% silver coin or 1oz. Silver Rounds, half in one ounce Krugerrands or American Eagles, Austrian 100 Coronas, or Mexican 50 Pesos.
Put at least half of your money in US 90% silver coin or 1oz. Silver Rounds; the rest in one ounce Krugerrands or American Eagles, or in Austrian 100 Coronas or Mexican 50 Pesos.
The Most Popular Gold Coins
The most popular sovereign gold coins in the world are the following six. Some are 22-karat and most are 24-karat, but they all contain a full ounce of gold. You’ll see their content (gold) and purity (as stated on the coin) are guaranteed by a government, and other than the Krugerrand, are all legal tender in the country of issue. They’re also all eligible to put in your IRA…
Where to find a local dealer…
The easiest starting point is to use this US Mint dealer locator.
You can also Google “coin dealer” and your city or county. Adding the word “gold” may not help, as some dealers like to keep a low profile.
If you’re in Asia or Europe, check to see if your bank sells gold coins.
Buying from an online seller comes with one obvious risk: you gotta pay upfront, and then trust that the dealer delivers what you purchased. But this isn’t normally an issue with a well-established online dealer—the last thing they want is for word to get around that they ripped someone off.
And as I said, one advantage to an online dealer is that they can frequently be cheaper than a local store, even after shipping and insurance costs.
Most coin shows focus on collectable coins, not bullion. I’ve been to many shows over the years and frequently can’t find a one-ounce gold Eagle (the most common coin in the world)! You also have to travel to the show, which takes time and expense.
Buying at a coin show is not for the novice and not an ideal way to buy bullion.
Don’t Get Ripped Off!
And the way to find a reputable dealer is to follow the checklist above. Your basic goal the first time through is to do enough of your own due diligence so that you have a place to return the next time you’re ready to buy. So…
Check a company’s reputation and complaints at the Better Business Bureau or Trustpilot. Check the peer reviews. Here is GoldSilver’s TrustPilot rating:
Understand all your costs upfront—commissions, shipping, insurance, and any extra charges for credit cards, bank wire transfers, etc.
Look for those that have a guaranteed buyback policy. You’re looking for a dealer who’s not just willing to repurchase what they sell you, but one that is likely to remain in business. You could ask what their “buy” prices are now on the product you’re thinking of purchasing to gauge how fair their future prices may be.
The latest on Ethereum
In order to determine whether or not it is a good time to invest in a Cryptocurrency, one should keep an eye on the news. News greatly affects whether a coin’s price will spike or take a hike. Remember – buy the rumor, sell the news.
If you want to stay on top of Ethereum and watch your investment grow, monitor market changes through sector-specific announcements, news sites, charts, etc.
Make sure you understand the
Terms and Conditions. Do you know how much the buyer’s fee is? It may be as high as 18%, but knowing for sure will help you make good decisions later on. What credit is available to you? Does the auction company guarantee authenticity? How are returns handled? What about disputes? If you ever find yourself engaged in legal action with an auction house, the judge’s verdict may depend heavily on the fine print in the Terms and Conditions.
Review the auction catalog: Study the auction catalog well in advance to see what coins are to be on the block and the sequence value trend research, set a ceiling on how much to spend overall and per item of interest, and know when to be on hand to cast your
Beware of going overboard. Auctions usually are emotionally charged platforms, and with fast-paced bidding, its easy to let the spotlight cloud your judgment. Don’t bid too high! Stick to your pre-determined limit. Its better for the other guy to suffer buyer’s remorse. Keep track of how much you’ve spent in total. When this level is reached, experience tells us, it is better to gather up your belongings and head for the exit, or at least turn in your bidder card. The temptation to continue bidding is very strong, and you will probably end up spending more than you really want to.
If you’re looking to add some relatively inexpensive coins to your collection, an auctioneer in your community may have a sale of interest to you. It’s very common to see auctioneers listed in your local phone book with coins to sell now and then. These guys accept all kinds of consignments, so you might have to wait hours until all the lawn and garden equipment has crossed the auction block to get to the numismatic material. If you live anywhere near a population center, you probably will have an opportunity to attend an auction several times a year where U.S. coins are sold.
Community coin auctions are usually publicized in local newspapers. Check the local newspaper about once a week to stay informed on upcoming sales. These days, even the smallest auctioneers have descriptive websites, so you may not even have to buy a newspaper to know what’s coming up.
Carefully study the coins before the auction. Most auctioneers allow a viewing period prior to a sale. Take your coin value guide, a good magnifying lens, paper, and a pencil. Bring a flashlight just in case the lighting is poor. Give yourself plenty of
Buyer Beware! You’re really on your own. A big percentage of the coins sold at community auctions are raw, so you must determine the grade of coins you may want to bid on yourself. It is up to you to confirm the accuracy of a grade scribbled on a flip. Don’t look to the auctioneer for any help, either. At best, he might guarantee the coins in the auction are genuine currency, so if you get stuck with a fake, you’ll get your money back. That’s about all you can expect.
Develop a budget and stick to it. Whether you’re in a swanky five-star hotel or a dilapidated back alley auction house, you must set a firm budget and stick to it. It’s easy to get carried away in the excitement of the moment and spend too much on stuff you really don’t want. Decide in advance 1) What you want to bid on, 2) What is the maximum you are willing to pay for each item you’re interested in, and 3) What is the ceiling limit you can afford for the entire auction.
Also, what are your highest priority lot numbers? Somewhere, this has to factor into the mix also. Have all this information written down and
There are some negative aspects to this coin buying option, but the truth is that if you have competent grading skills understand the becoming a successful numismatist. about offending anyone. Legitimate dealers expect to field a lot of business. Those with ulterior motives will be weeded out by asking the
How long has the dealer been in business? Experienced coin dealers understand coin market conditions, and can use this knowledge to benefit you. What’s more, someone who has been in business a long time in the same occupation probably demonstrates a willingness to work hard and treat customers well, both leading to success. On the other hand, anyone looking for “shortcuts” usually doesn’t stay in one place very
What return privileges, if any, does the dealer offer? A buy-back/return period, in writing, of at least days, gives you dealer stands behind the coins he sells, and the best dealers offer an unconditional guarantee. Also, if you decide to return a purchase, do
Numismatic Association or the Professional Numismatist Guild? Professional affiliations are clues the dealer is willing to obey certain industry guidelines and accept responsibility, at least superficially. Any dealer who is a PNG member is almost certain to have outstanding credentials. There are only several hundred dealers worldwide accepted into this elite club. The average PNG dealer has over 2years experience, must have numismatic assets totaling at least respectability.
Does the dealer participate in any electronic exchange service?
If a dealer belongs to an electronic exchange program, they are in a position to potentially sell their coins at bargain prices to you or pay more for your coins. The key is that with access to an external trading network, turnaround time can be reduced, resulting in a quicker profit for the dealer. This can translate into benefits for you, too.
What kind of service does the dealer offer after the sale is made? Does he offer advice and updates on current market purchasing a coin you own? Any dealer willing to take time to expand your numismatic knowledge is head-and-shoulders above his competition.
By mass media circulars, we’re referring to widely distributed general interest publications. Individual issues are printed by the hundreds of thousands, if not millions. You might find them as inserts in the Sunday paper, on magazine racks in the bookstore, or in your dentist’s waiting room. Inside these circulars, it’s quite common to stumble upon advertisements promoting coins.
Silver dollars and recently released products from the Mint are favorites. with limited knowledge of numismatics. Most serious collectors skip overpriced, (2) of unconfirmed condition, (3) not key dates and posses a relatively minor collectible component.
This is not denigrate all the companies selling coins through mass media circulars. We recognize some of them as longtime members of the numismatic community in good standing. They attract new business by bringing novice collectors into the fold, many of whom later become
They make money by preying upon the numismatic ignorance of their
The true value of a coin is misrepresented. In order to make their sales appear to be a real bargain for the shop at home TV approach apparently sells to gullible buyers wanting to get into coins. for experienced collectors to spot the miscues. When the announcer becomes obvious that numismatic accuracy has taken a back seat to
Shipping fees are outrageous. In truth, the prices they certainly not the bargains they claim, either). They make a killing on high shipping and handling fees.
If we dug deeper, we could probably find more reasons not to buy coins from the TV cable networks, but we’ve seen
APMEX 1oz Fine Silver Rounds
While Silver Eagles command a premium due to their easy recognition, and Maple Leafs are valued for their stunning beauty and low mintage quantities, when it comes to getting the most silver for your buck, APMEX Fine Silver Rounds are your best bet—at least in terms of “coin” form. Technically, non-legal tender issues by private minters are not considered “coins” at all and must be referred to as “rounds” for legal purposes. But silver is still silver, no matter if it’s issued by the U.S. government or a for-profit corporation like APMEX, and the latter’s “rounds” are among the most widely recognized and accepted of private issues.
APMEX ½oz Fine Silver Rounds
Although one-ounce has become the standard weight of silver coins and rounds, there are advantages to ½-ounce issues. For one, they are more liquid. If using silver in the course of barter, what do you do when you need to make change? You can’t cut a one-ounce coin in half, and if you go to the trouble of melting it down and recasting it, there’s a lot of effort and expense involved. For this reason, two ½-ounce silver rounds are always more valuable than one full ounce silver round—all other things being equal. This is a hard concept for a lot of silver investors and traders to grasp since we’re so used to using “token” currency.
First of all thanks for reading my article to the end! I hope you find my reviews listed here useful and that it allows you to make a proper comparison of what is best to fit your needs and budget. Don’t be afraid to try more than one product if your first pick doesn’t do the trick.
Most important, have fun and choose your Coin Changers wisely! Good luck!
So, TOP3 of Coin Changers
- №1 — McGill Metal Products NO1 Nickel-plated steel money changer with penny
- №2 — Schylling Coin Changer Toy
- №3 — Advantus MCG10 Coin Changer with Bumper