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Can I trust Oanda's conversion rate for Ethereum to USD?

avatarMouatamid HankachDec 26, 2021 · 3 years ago3 answers

I'm considering using Oanda to convert my Ethereum to USD, but I'm not sure if their conversion rate is trustworthy. Can I rely on Oanda's conversion rate for Ethereum to USD?

Can I trust Oanda's conversion rate for Ethereum to USD?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, Oanda is a reputable forex broker and their conversion rates are generally reliable. However, it's always a good idea to compare rates from multiple sources to ensure you're getting the best deal.
  • avatarDec 26, 2021 · 3 years ago
    Oanda has been in the forex industry for many years and is known for its transparency and accuracy. While their conversion rates for Ethereum to USD should be reliable, it's recommended to double-check the rates on other platforms as well.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would suggest using a dedicated cryptocurrency exchange for converting Ethereum to USD. These exchanges often provide real-time rates and have a more extensive market depth, ensuring you get the most accurate conversion rate possible. However, if you prefer using Oanda, their rates should be reasonably reliable.