Currency.com Review: Top Secure Exchange
Currency.com is a secure exchange. The platform provides a comprehensive list of encrypted services that is among the best. Today’s article will discuss the main features of Currency.com Limited, which was registered in Gibraltar under company number 17543. Its registered address is Madison Building, Midtown Queensway, GX111AA, Gibraltar. Currency.com is a legal entity that can carry out its activities under Decree No. 8 of the President of Belarus. This decree allows legal entities and individuals to provide services related cryptocurrency platforms. Pros and ConsProsWide range investable assets.
Premium trading charts and training information.
Real-time “spot” trading.
Accept deposits in fiat or cryptocurrencies
Low minimum deposit.
Traders have the ability to access leverage upto 1:20
ConsNo access for US residents
Some exchanges charge higher trading fees than others.
Currency.com is recommended to traders who want to make informed investment decisions. The broker offers more than 75 technical charts, instant price alarms, trading dictionaries and market news. Currency.com provides more than 225 tradable asset to its clients. It allows users to check the market prices, spreads and percentage changes in prices as well as historical charts. Currency.com offers its clients the most recent price charts, technical analysis indicators, and price action comparators. These tools are available to traders to help them take advantage of price movements. The interface allows users to view 75 technical indicators and multiple charts. Investors around the world love the low minimum deposit feature of the crypto exchange. They also receive instant price alerts and quick transaction processing. The industry average minimum deposit is $20, which is significantly lower than the minimum deposit. Furthermore, the minimum withdrawal limit allowed on Currency.com is relatively decent, as it will enable customers to withdraw funds as low as $100.Buy and Sell CryptocurrenciesCurrency.com is a unique crypto trading platform that allows users to trade cryptocurrencies and other tokenized securities like indices, commodities, bonds, stocks, and other traditional financial assets. Here’s how to use the platform for buying these assets. To buy assets on Currency.com traders must first visit the Trading page of the exchange’s website. This page displays many options such as Trade, Charts and Reports, Portfolio, Referrals, and Portfolio. To buy or sell assets, click on the Trade’ icon. Next, select any market such as S&P 500, Nasdaq100, DAX, DAX, and click on “Buy”. A window will appear that displays all details about the chosen financial market. This will include details such as the trading commission and availability of the wallet. The best crypto wallets to store your cryptocurrencies. The default tab is the market order. This allows users to purchase their preferred assets at current market prices. If traders wish to place limit orders, they will need to select the option “Buy when …”” and choose their preferred entry price. Depending on which market they choose, users can click on the green “Place order” tab below the order page to sell assets. Once an asset has been purchased on Currency.com, the exchange’s dashboard will reflect the transaction and allow users the ability to sell it. To sell assets, users must click on the “Sell” button. The following screen will display. Users can set a price limit and set a price range. Once all inputs have been correctly entered, users can click the red “Sell” or “Place Order” button to sell assets. Withdrawal & DepositCurrency.com accepts deposits via wire transfer and credit cards (VISA/Mastercard). Credit card deposits require a minimum deposit of USD -10. BYN -25. EUR -10. or RUB -775. For first-time crypto investors, the allowance of fiat Currency deposits is very helpful. Currency.com allows users to deposit fiat currencies and cryptocurrencies. The withdrawal process is also very simple at Currency.com. Users can withdraw funds in fiat currencies by using a bank transfer. However, if they used a bank deposit method to deposit, they can also withdraw the same. After clicking on the “withdraw” button they will be asked for the preferred currency they wish to withdraw. To withdraw, they will need to click on “Go to Bank Transfer”. It will take a few minutes for the withdrawal to appear in the user’s account. Customer ServiceThe platform offers strong customer support, which is among the best in cryptocurrency. The website can be accessed in 10 languages including English, Spanish and Portuguese. The technical support team is available 24/7 via chat, phone, email or the website. Apart from this, the platform also offers referral and affiliate programs to its users.Fees & CommissionCurency.com charges the following fees from its clients.Trading FeesUnlike most cryptocurrency exchanges that discriminate between maker and taker fees, Currency.com charges relatively flat fees of 0.20% for both the makers and the takers. It is also lower than the industry average of 0.25%, which is 0.25% for a long time. There are no restrictions on deposits. However, if the deposit amount exceeds $20,000, users must show proof of funds. Deposits in cryptocurrency are free. Click here to learn more about the exchange fees. Withdrawal Fees at Currency.com: Visa: 2.4% + $3
Mastercard: 1.9% + 3
For Bank Transfer (Belarus residents): $8
For Bank Transfer (Non-Belarus residents): 0.15% (min $20, max $150)
The following commissions apply to withdrawing cryptocurrency:-For BTC: 0.0005 BTC
For ETH: 0.01ETH
LTC: 0.04 LTC
BCH: 0.015 BCH
20 XRP for XRP
For USDT: 3 USDT
Other tokenized assets: 1.5% (min. 0.02)
Compliance & RegulationCurrency.com is regulated by the Gibraltar Financial Services Commission. Although the platform keeps client funds in separate accounts for clients, these accounts are not insured. The platform is focused on compliance with Anti-Money Laundering and Know Your Customer regulations. Before a user can trade on the platform, Currency.com has a robust verification process. The platform also protects its users from negative balances and guarantees stop losses.What could be improvedNo access for U.S. investorsCurrency.com is inaccessible to U.S. investors, but is available in 183 other countries. The platform’s headquarters is in Belarus. Belarus was part the Soviet Union for the majority of the 20th century. Despite declaring independence in 1991, Belarus still follows many autocratic policies. It is possible that the ban on U.S. residents is a result of decades of political tension. The government of Belarus is the centralized regulator. While regulation of cryptocurrency space is in the works, it is not the best model. Currency.com is only authorized and regulated by Belarus, its Eastern European home country. Belarus is an EU member, but it has diplomatic and economic relations. Currency.com does not mention any plans to collaborate with the EC and neighboring countries to create unified crypto regulations. However, more crypto exchanges are offering lending services. This is especially true in light of the rapid growth of decentralized finance (DeFi). As of this writing, the exchange does not offer lending or borrowing.ConclusionAbove are the sharing of the basic features of the Currency.com cryptocurrency exchange that traders should know before choosing to use.In general, Currency.com is an exchange with quite a full range of services available for traders and various assets for investors. The exchange does not offer lending, borrowing, or depositing properties to US users. To improve our writing, please leave comments. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchaincryptoexchangeReview Platform