Need some advice. I want to convert a portion of my Bitcoin to euros for some expenses. When I look at my exchange, the rate shown never seems to match what I actually get after all their spreads and fees. It's frustrating. How do you guys figure out the real, current market rate before you execute a trade? Is there a reliable benchmark or tool you use to know you're getting a decent deal?
Totally feel you on that. The quoted "market price" and the final execution price can be two very different things. What I do is use a dedicated converter to get the pure market rate first, completely separate from any exchange platform. That gives me a baseline to judge the deal I'm being offered. For a quick and straightforward check between Bitcoin and euros, I often use https://paybis.com/btc-to-eur/. You just enter the amount, and it shows the current conversion based on live prices. It helps me spot if an exchange's rate has a massive hidden spread before I commit to the trade.
