Cryptocurrencies have come a long way since their introduction in 2009. Bitcoin was the first modern digital currency to be introduced and it has created a huge market where thousands of other cryptocurrencies can now be found. Initially, there had been a lot of skepticism surrounding this virtual currency, but things have changed significantly in the past decade. Cryptocurrency adoption has increased and a lot of people have moved into this market, but one thing that hasn’t changed is their unregulated status. This can often create a problem for cryptocurrency holders because it means they don’t have access to regulated financial markets.
If they do want to trade in these markets, they only have option; trade their cryptocurrency for fiat and then they will be able to make investments. Consequently, crypto investors are unable to trade in the liquid markets of equities, indices and commodities. But, wouldn’t it be great if you could? This is where Currency.com steps into the picture.
What is Currency.com?
Currency.com is the first fully regulated tokenized securities cryptocurrency exchange in the world. The best thing about Currency.com is that this innovative, advanced and fresh exchange platform doesn’t just serve as a crypto exchange, but is also a tokenized exchange.
It was introduced in the beginning of 2019 and was developed keeping in mind the needs of today’s markets, which include the crypto and finance markets. You can use this platform to directly trade in cryptocurrency and make profits without ever having to convert your virtual currency into fiat. It is extremely easy to use and makes the troublesome and complex process of trading quick, hassle-free and simple for every user. Even if you don’t have any experience or background, you will still not have a problem as it is very straightforward.
One of the most important things you need to know about this tokenized security exchange is that it has been directly regulated and authorized by the Hi-Tech Park (HTP) of Belarus and you can check its regulatory license. This award-winning tokenized securities crypto exchange has taken a completely unique approach towards investment technologies. Currency.com does a great job at bridging the gap between the traditional world of finance and the modern cryptocurrency world.
This innovative platform allows people to trade a wide array of assets. If you take a look at it, you will discover that there are currently more than 1,300 tokenized assets offered on the platform and they are constantly trying to add more of them to reach a total of 10,000 in the future. With Currency.com, you can invest in some of the leading cryptocurrencies in the world like Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). If you are still unsure of whether you should sign up with Currency.com or not, you can check out its top features below and make up your mind:
- It has a powerful and flexible trading platform
The trading platform offered by an exchange or broker is not something to be taken lightly because it will determine whether you can trade easily or if you will have a tough time with it. As mentioned earlier, Currency.com has been especially developed for bridging the gap between the traditional world of financial assets and the relatively new market of cryptocurrencies. Therefore, just any trading platform wouldn’t do here. Knowing that, one of the most powerful and flexible cryptocurrency trading platforms have been integrated to allow traders to buy and sell a broad spectrum of global trading instruments in a smooth and quick manner.
Currency.com provides its users the opportunity to diversify their trading portfolio via its platform by giving them access to a diverse range of markets and instruments, allowing them to choose according to their risk tolerance. There are more than 1300 options and the list of fiat currencies and cryptocurrencies is also growing rather rapidly. Since it is a flexible trading platform, you can trade the most renowned cryptocurrency, Bitcoin, with a leverage of about 100x and they also provide guaranteed stop losses. It takes only three minutes for anyone to open their account on Currency.com and they can invest in a huge range of trading assets offered by the platform, including tokenized commodities, stocks and indices.
The innovative and powerful trading platform enables its users to enjoy reliable and fast execution, as well as liquidity. Currency.com has added effective risk management tools to their trading platform, along with negative balance protection and real-time price alerts. Moreover, they have also implemented the most rigorous industry standards when it comes to security and they also comply with the stringent AML (Anti-Money Laundering) rules. They have used the most advanced and sophisticated technology for powering their trading platform, but the experienced and professional team behind it ensures that it remains user-friendly. Hence, it can accommodate newbies and experienced traders alike.
- It makes tokenized trading possible
As stated earlier, Currency.com supports tokenized trading and has around 1300 tokenized assets that can be invested in. But, what exactly are tokenized securities? These securities are essentially present in the trading market in the form of blockchain tokens and can be transferred with the use of blockchain technology.
When you opt for tokenized trading, you can trade tokenized commodities like gold, platinum, silver, palladium and natural gas, tokenized shares of companies like Netflix, Tesla, Google, Amazon, Apple and Coca-Cola, tokenized indices including US100, S&P500, EU50 and FTSE 100. Government bonds, such as the Belarus 252/USD are also available, as are renowned crypto pairs like Bitcoin, Ethereum and Litecoin.
- It also offers leverage to its clients
Another appealing feature that Currency.com is offering to its traders is the facility of leverage. Leverage trading is extremely attractive to investors and traders because it gives them the chance to increase their trading position, thereby allowing them to earn solid returns. Not only does leverage trading allows people to maximize their profits, but it is also helpful in letting them diversify and expand their portfolio. When you sign up with Currency.com, they offer you different levels of leverage, depending on what financial instrument you are trading.
If you are interested in trading tokenized stocks, you can get leverage of up to 20x, for trading cryptocurrencies, the leverage is 10x, for tokenized commodities the leverage is as high as 100x and the same is available for tokenized indices as well. While this can certainly be beneficial, it is important to remember that leverage also increases your risks so you should consider this before you decide to use it.
- It provides a mobile app for convenience
There have been numerous technological advancements over the years, but none have been as prominent as smartphones and mobile devices. With their widespread use, they are being used in almost every industry and trading is no exception. Mobile trading has become quite common as it is extremely convenient and gives a lot of flexibility to traders. Knowing this, Currency.com has introduced a mobile app that makes trading easy and simple for their clients.
The app makes it extremely convenient for people to start trading as you can purchase your first crypto, purchase Bitcoin with a credit card and also store your crypto assets safely. The app you find on Currency.com has been designed to help people in using fiat money for purchasing crypto tokens at quite competitive prices. Traders will be able to store their investments securely and also transfer their crypto when they wish. You will have a smooth experience with the app and it can be used anywhere and everywhere.
- It provides its clients a demo account
Being able to try out something before you invest your money can be immensely beneficial. It gives you a chance to see if you really want it and if it is exactly what it claims to be. This is something that you can do with the demo account offered by Currency.com. Traders can take advantage of the demo account before they indulge in live trading as they can learn the advanced trading technologies that have been incorporated in the exchange’s trading platform.
A good thing about the demo trading account is that it has the same features and interface as you would find in the live trading account. This allows you to get acquainted with it and overcome any potential problems. Furthermore, it is also a great way to get in some practice, particularly for newbies, without having to risk your hard-earned money. The demo account offered by Currency.com gives traders a chance to trade 300 tokenized assets and it provides them with leverage of 500x.
Security Features at Currency.com
As cryptocurrency trading has seen a surge in popularity, there has also been a rapid increase in cybersecurity incidents. Scammers, hackers and fraudsters have flooded the market and every other day, you will come across stories about people becoming victims to scams and other such problems. Suffice it to say, security is a prominent concern of traders when they are entering this market and to provide their clients with the best experience, Currency.com doesn’t make any compromises in terms of security. The tokenized crypto exchange has prioritized security because it understands the risks.
Therefore, you will find a high-class security system at Currency.com, which uses some of the top notch security measures and advanced technology for protecting the traders, their personal information, their transaction history and their funds. It has taken every possible step to ensure the safety of their clients’ holdings in order to give them peace of mind. How have they accomplished this? First and foremost, the exchange makes use of two-factor authentication and has used it everywhere on its platform. It is required for logging into your account, executing a trade, funding your account and other actions that are performed using API keys.
Next, Currency.com has used a discrete PGP/GPG system for encrypting emails and for verification purposes. This system comes in handy for ensuring secure uploading and verification of documents provided by traders. It offers the highest standard of global encryption to prevent any tampering with the personal information shared by clients or their holdings. As far as the security of your assets is concerned, the exchange has opted to use cold wallets for storing them safely. Some of the cryptocurrencies are also kept in semi-cold wallets as well as protected machines with locked and encrypted drives. Each and every wallet that’s used for keeping the assets is provided the highest level of security and encryption.
Another important security layer that Currency.com has used is account segregation. They have made sure that all customer funds are kept in a separate bank account and separate from the funds of the company itself. This is done to prevent any misappropriation or mixing up of funds. Lastly, as stated above, this tokenized cryptocurrency exchange is registered and regulated, which means it is subject to the strictest security measures possible. It also complies with the KYC (Know Your Customer) policy that’s used for verifying customer identity and their address to ensure they are not criminals.
How to Register with Currency.com?
Now that you know that Currency.com is secure and offers tons of useful features, it is time to check out how to register yourself with the crypto exchange. Luckily, signing up with them is not that complicated and is, in fact, a piece of cake. They have kept the sign up procedure simple, fair and straightforward to facilitate people from every background. To register yourself fully with the exchange, you have to share some personal details. The steps that you need to follow for completing the registration procedure are:
Step 2: The second step requires you to impart some personal information, such as your full name and your residential address, which includes your city, street, house number or apartment.
Step 3: After entering your personal data, you now need to verify your email address. Check your email and you will see that Currency.com has sent you one. Press the confirm button in the email and once confirmation is complete, you can continue with the registration process.
Step 4: This is the time that you activate 2-factor authentication, which is done for your own security. You can do it later on, but it is best to get it done right away.
Step 5: It is now time for you to verify your identity, as per the KYC rules. It is not that complicated and it only requires you to upload a government-issued document that can confirm your identity. This can be your national ID card, a driver’s license or even your passport.
Step 6: The last step you have to take is verify your home address. Here again, clients are required to submit a document that shows their full address and name. You can simply submit a utility bill or your credit card or bank statement. Make sure it is not more than three months old or it will not be accepted.
Deposits and Withdrawals on Currency.com
After the signup procedure is complete, you would obviously have to deposit funds. Later on, you also have to withdraw the profits you make. Currency.com has made its deposits and withdrawals fairly simple for its clients and also aims to make the process quick. Typically, it takes three business days for a withdrawal request to be processed, but they have tried to keep it to one day. They are working with banking providers to reduce the processing time as much as possible. The minimum crypto deposit amount depends on the cryptocurrency you are using. For instance, it is 0.002 BTC, 0.05 BCH, 0.2 LTC and 0.1 ETH. You need to meet this minimum deposit requirement or the money will not appear in your account at Currency.com.
When it comes to payment methods, Currency.com has thought of the convenience and ease of its clients and so they have added a vast range of them on their platform. You can make your deposits and withdrawals through Visa and MasterCard or you can opt for bank wire transfer. If you are using credit cards, then the minimum deposit and withdrawal limit is set at 100 USD, 100 EUR, 250 BUN or 7000 EUR. In comparison, the minimum deposit and withdrawal amount for bank wire transfer is set at 50 USD. They also accept a deposit of fiat currency and the minimum deposit is 0.01 BTC or 0.1 ETH.
You should also know that when you are using the trading platform, every crypto deposit or withdrawal has to be verified through a number of verifications. For instance, if you are using BTC, you need two verifications whereas 12 verifications are required when you are using ETH.
Trading Fee on Currency.com
One of the biggest benefits of trading on Currency.com is that they offer very competitive trading fee on margin trading as well as tokenized trading. You don’t have to worry about any hidden fee because the exchange is fully transparent about their charges and fee. There are two types of fee that are charged when you are using the trading platform, which are withdrawal fee and platform fee. There are several different kinds of fees that fall under the umbrella of platform fees, such as exchange fees, trading fees and funding fees.
The trading fee charged for tokenized assets like shares, commodities, indices and ETFs is 0.0125%, for tokenized currencies it is 0.002% and crypto taker and maker fees are 0.075% and -0.025%, respectively. As far as exchange fee is concerned, it is 0.2% for crypto, 0.03% for tokenized bonds, 0.05% for tokenized assets including shares, commodities, indices and ETFs and 1% for tokenized currencies.
The deposit and withdrawal fee will depend on the payment method you use. When you use Visa or MasterCard, a deposit commission of 3.5% is charged whereas 2.4% plus $3 have to be paid for withdrawals. There is no deposit fee charged on bank wire transfers, but a withdrawal commission of 0.15% is applicable if you are withdrawing your money through bank wire transfers.
Restricted and Supported Countries for Currency.com
Currency.com accepts users from all over the world as it is a licensed, regulated and trusted cryptocurrency exchange. It has gained worldwide recognition for providing excellent services and its aim is to become a fully decentralized exchange by 2023. This tokenized cryptocurrency exchange has been regulated by organizations in three countries, which are the Financial Conduct Authority (FCA) in the United Kingdom, the Belarusian 8th decree and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
However, it should be noted that for security reasons, there are some countries where Currency.com is unable to offer its services. The restricted countries include Cambodia, Ghana, Iran, Bahamas, Democratic People’s Republic of Korea (DPRK), Pakistan, Mongolia, Botswana, Zimbabwe, Trinidad and Tobago, Iceland, Yemen, Panama, Syria and the United States of America.
Customer Support at Currency.com
The quality of the customer support system of a trading platform can have a big impact on its overall performance. Currency.com has made an effort to provide a robust support system to its users, which has been integrated to ease the introduction of clients to its platform. Since it provides its services globally, they have multilingual customer support, which is available 24/5 to help users in resolving any issues or problems they might have. There is an FAQ section where traders can find answers to possible questions or they can also use the live chat feature to get in touch with the platform’s representatives. They have also provided an email address and phone number that can be used for getting in touch.
Whether you look in the crypto market or any other financial market, you will not find a fresh and innovative tokenized exchange like Currency.com. It has done an excellent job at providing crypto investors with everything they need to trade safely.