The cryptocurrency world is evolving at a very rapid pace. Just a couple of years ago, you couldn’t have imagined exchanging your digital assets for anything else. But, cryptocurrencies were gradually accepted by various websites as a means of payment for goods and services. These days, it is possible for people to trade cryptocurrencies for obtaining the value that they were supposed to deliver from day one. As a matter of fact, you don’t even have to sign up with conventional brokers if you are interested in trading cryptocurrencies for other traditional financial instruments without going through the conversion process.
How is that possible? Currency.com has made it possible as it is the first of its kind i.e. a fully regulated tokenized securities exchange that allows cryptocurrency holders to use their virtual assets to buy 1300 tokenized securities through its trading platform. Suffice it to say, this company has truly revolutionized the world of trading as it has brought the traditional financial market and cryptocurrency markets together. What other features does this exchange offer to its clients? Let’s take a look
Attention to safety
The first and most important feature of any trading platform is its security because there have been too many incidents in the last few years where crypto exchanges were compromised by cybercriminals. You definitely don’t want that and neither do you want to trade with a shady and unregulated exchange. The good thing about Currency.com is that it falls in none of the two categories. This exchange is fully regulated by the High Technologies Park of Belarus. This gives peace of mind to the traders as they know that it is not any shady exchange.
Not only is it regulated by one of the top regulators in Europe, it is also regulated by other bodies in different countries like the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Since it is a regulated exchange, Currency.com has to comply with a number of security guidelines and regulations. This includes the Know Your Customer (KYC) and the Anti-Money Laundering (AML) policies. Moreover, it has also maintained segregated accounts for its clients in order to protect their funds. You don’t have to worry about getting your funds mixed up with the exchange.
They also make use of cold wallets for storing the assets of their clients and have added strong encryption to keep all communication under wraps. They have also kept their servers in secure centers and have used video surveillance to monitor them round the clock. Only a limited amount of funds is kept on the exchange for liquidity purposes and the rest is kept in cold wallets for protection.
Excellent Trading Conditions
Checking out an exchange’s trading conditions is a priority because it tells you how much profit you can make. If the costs and fees are too high, it is not worth it to go through the effort of trading crypto for financial assets. Currency.com provides excellent trading conditions to its clients in order to facilitate the trading process. You are free to use as much leverage as you want, which starts at 1:2 and can go as high as 1:100. With leverage, it is possible for a trader to amplify their profits in no time at all. The leverage provided by the exchange depends on what assets you are trading.
The lowest leverage is for cryptocurrencies due to their volatility and it goes as high as 1:10. Stocks have a leverage of 1:20 whereas indices and commodities have a leverage of 1:100. Other than that, the exchange doesn’t impose a deposit fee on its clients and the withdrawal charges depend on the method you are using. There are platform fees to be paid, which are broken down into trading fee and exchange fee. But, when you compare these with other exchanges, you will discover that they are very competitive and reasonable.
Practical Trading Platform
The trading platform available at Currency.com should also be assessed in order to ensure if it does live up to its claims or not. Once you take a close look, you will discover that they have a unique and innovative trading platform that has been equipped with some of the most powerful trading tools for facilitating the trading process. The trading platform can easily be downloaded on your chosen device and doesn’t lag or give any other performance complaints. If you want some flexibility, you can opt for the mobile trading app available for iOS and Android devices.
With a highly intuitive user-interface, Currency.com’s trading platform provides easy navigation and comes with risk management tools like take profit, stop loss and negative balance protection to help traders in maximizing profits. The exchange also gives you access to the latest market news and analysis and advanced charting tools that can improve your trading decisions.
Education and Demo
Amongst the most prominent features that Currency.com is offering to its clients include its education section. The exchange is well-aware that the crypto market is still evolving and not every trader who steps in has a lot of knowledge about how it works. Likewise, even experienced traders need to stay up-to-date if they wish to make profitable decisions. Therefore, you will find a ton of learning materials that are provided by the exchange to help its clients in mastering the art of trading.
As a matter of fact, it also gives them the opportunity of going as far as testing their knowledge via a demo account. This account is quite similar to a live account; the only difference is that you trade with virtual funds rather than real ones. Currency.com has added 300 tokenized assets on its demo account and it simulates the live trading market, providing traders with leverage as high as 500x, to help them practice and get better.
When you consider these features and you take a look at the customer support, the sign up procedure and the convenience of deposits and withdrawals, it is easy to see that Currency.com is an ideal choice for crypto trading.