Go online and find the current day's exchange rate. A number of websites offer this information. Just type the amount of money you want to exchange into the correct field on the website.
- Convert your bitcoins when the exchange rate is favorable. Over time, exchange rates rise and fall. For instance, one day the exchange rate might allow you to trade 1 bitcoin for $4,900. A week later, the exchange rate might offer $5,100 for 1 bitcoin. Wait to exchange your bitcoins until the corresponding dollar value rises.
- Here’s how you can buy Dogecoins and other digital coins: Find a cryptocurrency exchange platform and make an account. One of the most popular ones is Binance. After registration, the platform will check your application. Later, it will ask you to confirm your identity. Link your account to your debit or credit cards.
Part of the excitement of international travel is coming in contact with foreign currencies. While some people like to keep some of this money as a souvenir, it is not financially practical to leave it all unchanged. Additionally, as in the case of coins, they become burdensome to carry around. However, there are solutions for the would-be foreign traveler, which allow for currency-exchange, including the swapping of foreign coins. Some methods of coin exchange are available to all travelers. Others require a little ingenuity.
Go to the currency-exchange counter at any major international airport like London’s Heathrow or Germany’s Frankfurt am Main airport. At these counters, you can turn in all the foreign currency you have, including foreign coins, and get them exchanged for your home currency.
Call up a local travel agency in your city. Many of these businesses buy and sell foreign currency as a courtesy to their traveling customers. However, be aware that when you bring in your coins to exchange, you will likely pay not only the currency exchange rate, but also a processing fee to the travel agency.
Contact the nearest currency converter business in your area. There are many online, which specialize in the trading of foreign coins.
Swap your foreign coins with a foreign exchange student. If you are a student who has recently returned from a trip abroad, contact your school’s international office and ask to be put in touch with a student traveling to the country you have just left. For students who traveled in the euro zone, this is especially convenient because even if you traveled to Germany, for example, you can still trade with someone going to France, Greece, Italy or another euro zone country. Sixteen countries currently make up the euro zone, and they all use the euro as their major currency.
Sell your coins to a local coin collector who deals in foreign coins.
Use a Coin Star coin vending machine to exchange your foreign coins before you leave the country. Coin Star has thousands of locations worldwide. You can opt for a coins-to-cash exchange and then bring your bills to the airport for further exchange. You may also do a money transfer.
Deposit your coins into your local bank account in the foreign city in which you live if you have been in the country long enough to have one and plan on keeping the account open. Once you have deposited the money, you have access to it via your ATM card anywhere in the world that takes ATM cards. Expect to pay the exchange rate plus ATM fees if you go with this option.
Tip
If you bring coins into the airport with the intention of changing them once inside, be prepared to place them in one of the airport’s plastic baggies to go through security. At some airports like Heathrow, it is not necessary to change your money to shop or eat in the airport. The shops accept most major currencies, so if you are only concerned about changing your coins so that you can buy a burger, pay with your euros, dollars or yens.
About the Author
Buffy Naillon has worked in the media industry since 1999, contributing to Germany's 'Der Spiegel' magazine and various websites. She received a bachelor's degree in German from Boise State University. Naillon also attended New York University and participated in the foreign exchange program at Germany's Saarland University. She is completing her master's degree in educational technology at Boise State.
Photo Credits
- Jupiterimages/Photos.com/Getty Images
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