Currency.com Exchange Review
Currency.com Review
If you are new to trading cryptocurrencies, there is a lot for you to discover. The world of cryptocurrency trading is evolving faster than ever. Just a few years ago, you could not have thought of exchanging your digital coins for anything. Later on, you were able to by stuff on various websites or play casino games with your cryptocurrencies. Today, you can trade them in any way you want and obtain the value that cryptocurrencies were supposed to deliver from day one. However, most traders are usually stuck with online brokers that follow the same conventions that traditional brokers always have.
Currency.com, on the other hand, has emerged as the most reliable and unique platform on the internet if you want to make use of your digital assets. This platform is unique in every sense and you might never want to compare it to any online cryptocurrency broker out there. What is all about? What does Currency.com do? Let’s find out in this detailed review.
Understanding Currency.com
First of all, you have to understand this platform and its uniqueness. There is a high chance that you might think of it as an online broker. That’s what a lot of new traders believe because that’s what they have seen. However, Currency.com is nothing like any broker that you have seen before. In fact, it is a platform that helps you get rid of online brokers. So, the idea of the platform is to allow you to use your cryptocurrency assets to buy just about any financial asset that you can think of. Yes, you can now use your ethereum or bitcoin to buy the shares of Coca Cola or Apple.
The company has revolutionized trading in its truest sense. The problem that most crypto investors faced and are still facing is that they cannot use their cryptocurrency assets to trade in other financial markets. So, for example, if you want to trade a particular commodity, you will have to use a fiat currency. If you have a particular cryptocurrency that you want to use for trading, you will first have to convert it to a fiat currency that the online broker accepts. Even then, you will only be trading the CFD of the asset that you are interested in.
On the other hand, things are pretty different when you sign up with Currency.com. This platform has tokenized a variety of assets from many financial markets of the world. At the moment, you have more than 1300 different assets from various financial markets that the company has tokenized. By tokenized, it means that the company now allows you to buy the tokens of that particular asset with the cryptocurrency that you have in your crypto wallet. You do not have to exchange your crypto coins into any fiat currency. Furthermore, the token of the asset will reflect the value of that particular asset in the market right now.
The Attention to Safety from Currency.com
Now that you understand what this platform is all about, you should look into the second most crucial factor while choosing a platform for trading cryptocurrencies or buying various other financial assets. That particular factor is security. You have to see how secure this platform is for you to invest in financial assets like forex currency pairs, commodities, energies, stocks, etc. So, how does the platform ensure your security? The first thing that’s going to make you happy about this platform is that it is regulated. That’s something that matters the most when picking any online platform for trading or investing in any financial asset.
If the platform you are signing up with is not regulated, you can be sure that if something wrong happens, you will never get your money back. High Technologies Park of Belarus is the authority that regulates and authorizes Currency.com to conduct its financial activities. You can have the peace of mind while trading on this platform that every penny that you have dropped in your account is safe. In addition to regulation, the company has also made sure that it adheres strictly to the anti-money laundering and Know Your Customer policies.
You will be glad to know that the money you deposit in your account when you sign up on this platform goes into separate accounts than the ones in which Currency.com has its own funds. All the information you provide on the website goes through proper encryption process to save it from any online snoopers and hackers. All of this information is available on the website of the tokenized trading platform. That’s the sign of a reliable online platform.
The Trading Conditions for Traders
So, this online cryptocurrency exchange or the platform for trading tokenized financial assets has to make traders believe that they can make money with it. So, before you sign up, you have to know that you will be able to earn profits and turn into a professional trader at some point. Does this platform give you that opportunity? Well, it gives you the opportunity that most other platforms cannot. First, you have to know that you can choose from various leverages on your trades. You can go with a small leverage of just 1:2 or a big leverage of 1:100 on your investments.
This leverage allows you to amplify your profits and become a rich trader in no time. Of course, leverages have their other side as well, which can make you lose your money too. But the exchange has enough trading tools and indicators on it to help you make profitable trades. Yes, you have more than 70 different types of tools that you will get access to when you sign up with Currency.com. All of these tools are meant to help you with your trades and help increase your chances of making money on all the trades you enter.
Now, the most amazing thing about this exchange is that it lets you access a variety of assets. That’s something that crypto investors always dreamed of. They had many online platforms that gave them access to commodities, energies, stocks, shares, bonds, futures, etc. with the help of fiat currency. They wanted to enjoy the same freedom with cryptocurrencies that they could enjoy with fiat currencies. However, there was no such platform until Currency.com arrived. This platform allows you to invest in a variety of asset types.
What makes things even better is that all of these assets have been tokenized. So, you are not trading the real asset but just a tokenized version of it. What that means is that you do not even have to convert your currency into fiat currency for trading these assets. Do you want to invest your money in Google’s tokenized shares? Are you interested in throwing some money in oil or gas? Do you want to profit off of the many indices that come from a variety of financial markets from around the world? With tokenized assets, you can reach just about any asset in any financial market.
The Trading Platform and Its Practicality
Now that an online platform is doing so much for crypto investors, does it also pay attention to giving them the best trading platform? You will be surprised to know that the trading platform of this exchange is completely unique from any other platform you will find on the internet. You will love the fact that the company has its own trading platform. That’s something you rarely find on the internet when you research various online brokers. They usually have MetaTrader 4 and other hired softwares for their traders. On the other hand, the team behind Currency.com has its own software designed based on its particular needs.
Now, is this trading platform any good? Will you feel comfortable trading on this platform? We believe that you are going to love this platform for how easy it is to use. Not to mention, you do not even have to worry about any issues of compatibilities on any devices. You can download the trading application on your smartphone no matter which on you have. It works perfectly on Android as well as iOS devices. You can also use the web-based trader that does not require any downloads and help you trade on a uniform platform no matter which part of the world you are in while trading.
What you are going to admire eve more about the trading application from Currency.com is that it is complete across the board. You do not miss anything on your smartphone just because its screen is small. You can look at the many different types of charts even on your smartphone to conduct your own fundamental and technical analysis before you invest your money in any asset through tokens.
The Ease for New Traders
It does not matter which broker you sign up with or what online exchange you pick for trading, you must be able to do things easily on the platform. If you look at various online brokers, you will find out that some of them make your life difficult despite the fact that you bring business for them. You always have to see how much you will end up spending after signing up on a particular exchange. Sometimes, you will see some online platforms offering you a lot of perks on your trades, but then they take away all that you earn through commissions, fees, and other charges.
You will not have to regret about anything like that when you sign up with Currency.com. This is the perfect platform for people who only want to pay for things that give them value. When you sign up on this platform, you will only spend your money when it has to be spent. For example, you will not have to spend money on every withdrawal you make from your online account. The exchange has made first few withdrawals and deposits free for you. In addition to that, you will also notice that you can choose from a variety of methods to deposit money in your account.
So, if you are a new trader, the cumbersome process of converting your currency while signing up with a broker can be annoying. At the same time, the constant conversion of currency also makes you lose a lot of money in services charges and exchange rates. When you sign up with Currency.com, you will not have to worry about anything like that. You can deposit your money through bank wire transfers. You usually do not have to pay anything on these transfers. However, there will be some fee on credit card deposits and withdrawals.
However, these fees are clearly mentioned on the website so you do not receive any last-minute surprises. In addition to that, you can also use your crypto wallet to deposit money in your account. That’s where Currency.com beats every other competitor on the market. It allows you to use your cryptocurrency directly on its platform. If you own Bitcoin or ethereum, you can use them directly on the platform without going through the lengthy conversion process. It also means that you will not lose any money in exchange rates and service charges.
There is a small fee that you will have to pay based on the type of cryptocurrency that you are using on the platform. Now, if you are a new trader who does not want to take any unnecessary risks at the moment, you will love this online exchange even more. It does not require any big deposits from you. Just make a small deposit of only $100 in your account and you are good to go.
Final Thoughts
So, if you are new to cryptocurrency trading, you should have a clear mind by now after reading everything. There is no doubt that you cannot find any other broker or online platform that can match the offerings of Currency.com. However, if you want to make the most of this platform, you will have to dedicate yourself passionately in cryptocurrency trading. Pick your favorite asset, find its tokenized version on Currency.com and start trading today.
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