Currency.com Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Another one of the exchanges that deserves a look is called Currrency.com.
Ivan Gowan and Mark Berger launched it in 2018 with the intention of making it
the long-awaited instrument for democratizing the financial sector. Even though
it has only been around for a little over three years, the platform has already
garnered quite a few accolades due to its comprehensive nature.
Visit Currency.com Website.
Users of the exchange are able to utilize their bank cards to make direct purchases of Bitcoin, Ethereum, and Litecoin. The United States Dollar, the Euro, and the Russian Ruble are the three fiat currencies that may be utilized to purchase the coins. On the platform, those are not the only two currencies available.
The 'Markets' aspect of the exchange allows for the trading of Others against one another. You are also able to make wire transactions to the given bank accounts in the following currencies: USD, EUR, GBP, RUB, and BYN. After that, you will be able to make purchases using the deposited amounts using cryptocurrency.
The spot exchange feature can be enjoyed to its full potential on the mobile app for currency.com. This feature gives users the opportunity to trade cryptocurrencies not only for other cryptocurrencies but also for tokenized assets representing popular equities, commodities, and indexes. Users can enjoy this feature to its full potential on the mobile app for currency.com.
Traders are able to use leverage, which increases their potential profits, thanks to this function. On the website, you may choose from leverages of x2, x5, x10, x20, x50, and x100. These are the available possibilities. Users are also made aware of the potential dangers they put themselves in by utilizing leverage in their trading.
These assets take the form of tokens, each of which is linked to the value of a certain financial asset. As a result, the values of these assets are quite similar to the prices of the assets that they are tied to. Consequently, trading tokenized assets presents an opportunity to profit from fluctuations in the price of a certain item without having to actually own that commodity.
Tweets by CurrencyCom Over 2,000 tokenized assets are already available for trade on currency.com, with more on the way in the near future. These tokenized assets include participation from all aspects of the financial markets, including commodities, shares, indices, currencies, and even government bonds.
There are now 25 different coins being traded over at currency.com. Bitcoin, Ethereum, Litecoin, Ox, Uniswap, Dogecoin, Bitcoin Cash, Shiba Inu, Ripple, Aragon, Polygon, Decentraland, OmiseGo Network, Aave, Yearn.finance, Chainlink, UMA, Sushiswap, Ocean Protocol, Compound, Basic Attention Token, Synthetic, Kyber Network Crystal v2, Binance Coin, and Band Protocol are among the cryptocurrencies that make up this group
In addition to cryptocurrencies, several tokenized assets such as commodities, indices, currencies, and shares are currently for sale. Some examples are:
Tokenized Commodities include gold, silver, natural gas, brent oil, copper, cotton from the United States, palladium, and others.
Indices that have been tokenized include the US100, SP45, US500, INDIA50, DE40, and VXQ21, among others.
Shares that have been tokenized include BIDU, AAPL, BABA, TSLA, MSFT, MRNA, BLUE, and SAVA, amongst others.
Tokenized Currencies include the EUR/USD, USD/JPY, EUR/GBP, and USD/CHF pairs, among others.
In addition to cryptocurrencies, users of currency.com can fund their accounts using fiat currencies such as the US Dollar, the Euro, the British Pound, and the Russian Ruble. Credit cards, debit cards, and bank transfers are all forms of payment that are acceptable for deposits. Deposits have to come from bank accounts that are in your name and registered with the bank. It is strongly discouraged, and doing so might result in the suspension of your account, to make deposits through third-party accounts.
The method of adding money to your account is quite easy to understand and carry out. Simply sign in to your account, navigate to the "Deposit" tab, and then select the appropriate tokenized currency from the drop-down menu.
The techniques for making withdrawals are very much like the ways for making deposits. As a general rule, you are only permitted to withdraw funds into an account from which you have already made a deposit.
The charge structure for spot exchange is broken up into a number of different categories. They are as follows:
When the trading volume in cryptocurrencies is less than 50,000 dollars or its equivalent, the trading charge is a flat 0.2 percent of the total amount traded.
The trading charge is considered to be customary when the value of the cryptocurrency being traded is greater than 50,000 dollars or its equivalent.
A charge of 0.05 percent is assessed for tokenized shares, exchange-traded funds, indices, and commodities.
There is a 0.03 percent premium on tokenized bonds.
Free trading is available for tokenized currencies.
When purchased, company tokens are free, however there is a 1.5 percent charge attached to their sale.
A cost of 0.06% is charged for leveraging trades in the BTC/USD, BTC/EUR, ETH/USD, and ETH/EUR currency pairs.
A commission of 0.075 percent is charged for trading leveraged other cryptocurrencies.
Assets and currencies that have been tokenized can be exchanged on leverage for free.
Before users may use all of the features of the Currency.com website, they are required to provide KYC verification information. This is standard procedure for all licensed exchanges. Despite this, users are still permitted to make deposits of up to the currency's equivalent of one thousand euros and trade for fifteen days before verification is required. After 15 days have elapsed and you have not finished the verification procedure, your account will be suspended until you finish verifying your identity.
Currency.com provides coverage for a large portion of the world's population; just roughly 25 nations are now on their list of restricted jurisdictions. In addition to this, access to its services is denied to nations that are included on the list of high-risk jurisdictions maintained by the Financial Actions Task Force.
Currency.com has been approved by the Financial Crimes Enforcement Network (FinCEN) to operate as a Money Service Provider in the United States. Nevertheless, the license does not apply to each and every state in the United States.
There are other solutions available that are superior to currency.com in terms of the number of countries supported and the level of convenience provided to crypto aficionados. One of them is called Gemini, and it's a cryptocurrency exchange that acts as a one-stop shop for people trading cryptocurrencies in the United States as well as other nations. Coinbase is another another well-rounded cryptocurrency exchange that may be accessed in the majority of states inside the United States.
The way to begin: This marks the beginning of the process of conducting business with Currency.com. Please read through the following procedures in order to register your account:
Fill up the column with your current email address if you have one.
Make sure your secure password is correct by checking it again.
Please provide both the country in which you now reside and your nationality.
Provide your identity information
Start the blockchain exam, and make sure you pass it (for Belarusian citizens).
Choose the currency that you would want to use.
Verifying your account is the next step once you have completed the previous steps.
The procedure of verification requires that you provide evidence of both your identity and your address. An international passport, a driver's license, a residence permit, or any other government-issued identification document may be required in order to verify an individual's identity. The documents have to be clear and up to date, and they have to include all of the necessary information.
When verifying an address, acceptable forms of documentation include bank statements, utility bills, and any other relevant paperwork. They have to be understandable, published not too far in the past, and written in either Russian or English. After you have uploaded these papers, you may take a seat and wait for an email to confirm whether or not your request has been approved. It is often authorized within the first twenty-four hours, unless there is a requirement for more documentation to be supplied.
At the time that this article was published, Currency.com did not have a native token, and there were no immediate plans to roll out such a token in the foreseeable future.
Currency.com provides a number of safeguards to ensure that its customers' money is protected. Among these methods are:
Implementation of a two-factor authentication policy for all users in order to prevent illegal access.
The fiat currency belonging to users is kept in separate bank accounts from the business's operational accounts. These monies are kept in reserve and not spent or borrowed against so that the risk of unexpected losses can be reduced.
Messages sent by users, such as chats and emails, that include personal information are encrypted using data security technologies.
Because it is supervised by a variety of different governmental agencies, Currency.com can be trusted completely. The following authorizations have been granted to it:
A permit allowing the holder to engage in activities connected to virtual assets while falling under the jurisdiction of the Belarusian supervisory council.
A permit issued by the Gibraltar Financial Services Commission allowing the user to make use of distributed ledger technology.
An authorization from the Government of Saint Vincent and the Grenadines to conduct business as a cryptocurrency platform.
A license to operate as a Money Service Provider in accordance with the requirements of the US FinCEN.
Currency.com is now one of the most comprehensive brokers in the world, since it offers help for virtually all facets of the global financial markets. In addition to this, it makes things simple for novices by offering them a sample account and a comprehensive training center to assist them in making informed choices.
If you are an experienced trader, you are going to really adore the in-depth analysis and technical tools that are made available on the trading interface. It would appear that the trade offers something suitable for each and every participant.
Naturally, it comes with certain drawbacks as well, and we have discussed those in the essay as well. It is now up to you, the reader, to process all of this information and decide whether or not Currency.com is a trading platform that you are able to collaborate with.
Holders of cryptocurrencies are now faced with a number of obstacles, one of
which is that they are unable to participate in regulated financial markets.
Because of this obstacle, cryptocurrency investors are unable to participate in
the commodities market at this time. If this has been the case for you up to
this point, you have absolutely nothing to be concerned about. currency.com is
where you should turn for help in this situation.
Currency.com is a regulated exchange that also offers a well-designed, user-friendly interface with excellent user experience (UX).
In addition to this, it is the only legally sanctioned site that permits margin trading and enables users to exchange cryptocurrencies alongside fiat currency.
In this piece, we're going to take a look at Currency.com, the first licensed crypto exchange of tokenized assets in the CIS, and do an in-depth assessment and analysis of how it operates.
This analysis is going to provide you with all of the information you want to comprehend currency.com.
Currency.com is a tokenized securities platform that was meant to simplify and expedite the process of engaging in sophisticated trading. It is unique in that you are not required to first convert to fiat money before you can trade directly in cryptocurrency and profit in cryptocurrency.
In accordance with Decree No. 8 "On the Development of a Digital Economy," the High Technology Park of Belarus has issued a license to Currency.com and is responsible for its authorization and regulation.
In 2018, its mobile app was given the award for being the most innovative broker internationally as well as the award for being the most transparent service provider in Europe.
With more than 1,300 tokenized assets already accessible, a target of about 10,000 tokenized assets for the future, and over 37,000 mobile app installations in 2019, we are well on our way. Not to mention more than one hundred staff, including prominent members such as:
Project CEO – Ivan Gowan
General manager – Alexander Shevchenko
Victor Pergament is the head of the project management team.
Nigel Crome is the Head of Compliance for the company.
Dmitry Ogievic is in charge of the development department.
Ivan Gowan, the Chief Executive Officer of Currency.com, stated that
The introduction of tokenized securities will bring about a dramatic shift in the ways in which investors may make use of cryptocurrencies. By coupling the value of cryptocurrencies like bitcoin and ethereum to that of traditional financial assets like equities and shares, traditional financial markets can become more accessible to owners of cryptocurrencies like bitcoin and ethereum.
The following is a quote from Viktor Prokopenya, Founder and CEO of VP Capital:
"Currency.com will cause a major upheaval and bring about a revolution in the field of financial technology. Currency.com makes use of innovative cryptocurrency technology to open up opportunities for investors who otherwise may not have access to traditional stock markets. Historically, access to global financial markets has been offered through a single principal medium: the stock exchange. All of this was made conceivable as a result of the innovative Decree No. 8 that was enacted in Belarus and was titled "On the Development of a Digital Economy." Belarus has emerged as one of the countries with the most progressive attitudes toward blockchain technology. It is also the first country in the world to develop a specialized legal framework that is geared to cryptocurrencies and the sector surrounding them.
Finally, because currency.com has a transaction matching speed of 50 million per second, you may feel completely at ease when using the website.
Currency.com provides high-quality auditing from a reputable accounting company, a tried-and-true sealable matching engine, a robust and efficient know-your-customer compliance and anti-money laundering service, physical and virtual security, and a purpose-built regulation, among other benefits.
Which one-of-a-kind benefits may you anticipate receiving from currency.com?
Wide Range Of Deposit Methods: Both credit cards (MasterCard and Visa) and wire transfers are acceptable methods of depositing funds on this trading platform. There is a need of a minimum deposit of 100 EUR, 100 USD, 7000 EUR, or 250 BUN for all credit cards.
The good news is that whether you want to deposit fiat cash or cryptocurrency (from the Cryptocurrency wallet that belongs to you), the minimum deposit is 0.01 BTC or 0.1 ETH. Currency.com also allows deposits of traditional currencies like the U.S. dollar.
Since a result, this is a significant boon for those who invest in cryptocurrencies and people who are enthusiastic about cryptocurrencies, as the minimum amount needed to trade is now relatively reasonable.
Both deposits and withdrawals are subject to a fee on Currency.com.
Because currency.com's costs for deposits of fiat money are among the lowest in the industry, using this platform as a gateway between fiat and cryptocurrency makes perfect sense.
If you were to buy cryptocurrency on Coinbase using a Mastercard or a Visa card, for instance, the transaction fee might be as high as 4 percent depending on where you are located. Because of this, buying cryptocurrency on currency.com can sometimes be done at a lower cost.
Despite the fact that cryptocurrency deposits are always free on currency.com, partial payments of the whole amount to be withdrawn are required.
You have the ability to trade with leverage while using currency.com. In case you were curious about what the term "leverage" refers to, it refers to the practice of trading with positions that you normally would not be able to take. For instance, if all you have is 5,000 USD and you trade with, for the sake of argument, a 10X leverage, this indicates that you may easily bet the entire amount on something.
Currency.com's costs may be broken down into two categories: withdrawal-related charges, and platform fees (deposit).
In addition to exchange fees, funding fees, margin trading expenses, and fees for assets under management, trading fees can also include commissions.
Currency.com's costs are typically favorable in the sense that it levies a withdrawal fee of 0.0005 BTC for each and every BTC withdrawal. This is the lowest fee in the industry.
This statistic (0.0005 BTC) is a significant amount lower than the average across all businesses, which is 0.000812 BTC every Bitcoin withdrawal. As a result, the fees associated with withdrawing funds from this exchange are 40 percentage points lower than the average across all industries.
Servers belonging to Currency.com may be found on the premises occupied by the LD4 data center. This LD4 center has both armed guards and a video monitoring system installed for its own safety and protection. Several of the most prominent trading platforms in the world, such as Nasdaq and Dow Jones, as well as the London and Frankfurt exchanges, make use of the services provided by LD4.
On the website of currency.com, the following guidelines for maintaining a secure environment were detailed:
It maintains user data on servers secured to a military standard and employs a variety of physical security measures.
This isolated system is used for the verification of emails using PGP (pretty good privacy) and GPG (GNU privacy guard). Additionally, this system allows for the safe uploading of documents. In addition to this, it features the greatest possible degree of global encryption;
It has employees who have undergone stringent screening, and every choice made involving private information is subjected to a rigorous approval process;
It is subject to the most stringent examination possible from the Belarusian high technology park;
Your money are kept in a bank account that is completely separate from the account that currency.com uses for its operations, and even for margin trading, it is not possible to borrow against those funds.
In September of 2019, Currency.com offered its users a total of 1,358 different tools, and it is anticipated that this number will more than double in the years to come, reaching over 10,000. Tokenized equities, exchange indexes, cryptocurrencies, materials, and a great many other things are included in this category.
Every market uses actual tokens, which are distributed using the Ethereum blockchain. As a consequence of this, the user is able to extract them and keep them in their own individual Ethereum wallet. Users, as a result, are provided with a number of different trading chances on the bitcoin exchange. Opportunities such as these include:
Trading with or without leverage; traditional tokenized assets with leverage of up to 1:100; cryptocurrency assets with leverage of up to 1:20 Trading with or without leverage Trading with or without leverage
Utilization of professional tools in order to lower financial risks;
Direction of fiat currencies and crypto currencies relative to one another;
Use of any money, with the asset being exchanged as the primary commodity.
Trading on margin is available through Currency.com. Users are able to trade crypto currencies with a leverage of up to 100X on specific pairings of currencies. Ethereum, Bitcoin, and Litecoin are the three types of virtual currencies that may all be exchanged using leverage.
They may be exchanged for the Euro, the Russian ruble, the US dollar, or the Belarusian ruble (BYN) (RUB). They can also be exchanged in opposition to one another, such as the trading pairings ether to bitcoin and litecoin to bitcoin.
You can be confident that windows will function normally and without any hiccups if you use this platform because it has been thoughtfully built and is straightforward in its navigation. If you have experience with other trading platforms, then you will find this one to be one of the most straightforward ones to operate. For those of you who are just starting out, you have absolutely nothing to worry about because the user interface is so simple and straightforward to get the hang of.
You can operate everything from inside a single window, which has tools grouped together and placed in easy locations.
In addition to its presence on the web, the platform also offers a native application that is optimized for speed and convenience and can be downloaded on mobile devices running either Android or iOS. With the same features and support for a number of languages, the ability to verify transactions in a rapid and hassle-free manner, push alerts of price changes, an integrated chat with a support center, rate charts shown in a landscape orientation, and a great deal more besides.
Currency.com stands apart from the competition because to its round-the-clock client service. They may be reached by a variety of different methods at any moment, including the following:
Support may be reached through e-mail at currency.com, or by phone at +375293757075.
In my most recent attempt to get in touch with their customer care team using WhatsApp, I received a response in fewer than 15 minutes, which I consider to be a satisfactory response time.
The processing time for deposits and withdrawals on this platform is one day; however, it may take several days for a fiat withdrawal to reach your bank account once it has been completed.
The following is a list of the currencies that may be used on this platform:
U.S Dollars (USD)
Bitcoin Cash (BCH)
Securities that are tokenized
Rubles from Russia (RUB)
Belarusian Rubles (BYN)
Do you know that in addition to all of these one-of-a-kind features, currency.com also offers a two-way incentive for everyone who refers a friend to the website? You get a reduction of 10 percent on the trading commissions that your friends have to pay, in addition to the trading commissions that are paid to you by your referrals at a rate of 50 percent. Isn't it a huge amount?
You're probably thinking to yourself, "Yeah, but how can I qualify to take part in this referral scheme?" and you're probably right. This is a detailed walkthrough of the software, step by step.
When you sign up using a referral link, you'll receive a discount of ten percent on trading commissions for the subsequent three months.
You may earn a commission of up to 50 percent off of your friend's trading costs for the first six months of their trading activity if you share your referral link with them.
How to Obtain a Link From a Referral:
Install the mobile app (available on android and IOS)
Create an account on currency.com.
Proceed to the 'Referrals' section.
Find out where your referral link is.
Since the introduction of this platform occurred in April 2019, it is most certainly not too early to determine whether or not it is a fraud or not. On the other hand, as of the 21st of December 2017, they have been granted permission to engage in cryptocurrency trading operations in accordance with Decree No. 8 of the President of the Republic of Belarus on the Development of the Digital Economy.
Due to the decentralized nature of cryptocurrencies, it can be challenging to locate an exchange that adheres to all applicable regulations in their entirety. They are open and honest about their identity and address.
The content of the website has been translated into ten distinct languages, making it simple for users to obtain the information they want.
Currency.com strikes a healthy mix between the complexity of its features and the accessibility of its interface, including the provision of a Demo account.
Currency.com gives traders access to a wide variety of financial instruments, which they may utilize to magnify the value of their cryptocurrency holdings on conventional markets. The following provides a summary of these markets:
The conventional components of the financial markets include a crucial component known as stock indices (also termed indexes). The Dow Jones, the NASDAQ, the FTSE 100, and the S&P 500 are just some of the more well-known ones. The price performance of a set of shares traded on a specific exchange is what is measured by a stock index.
The stock market is often regarded as one of the most exciting marketplaces both to analyze and to participate in. Speculators use it as a tool to make predictions about the stock values of the top corporations.
This platform makes available tokenized shares of many different firms, including Uber, Fiverr, NVIDIA, AT&T, Visa, Netflix, Tesla, Apple, and Slack Technologies, amongst many more.
Traders are able to utilize their cryptocurrency of choice to participate in some of the major marketplaces in the world thanks to Currency.com. Users are able to speculate on the price of a wide variety of commodities, including gold, natural gas, crude oil, palladium, and silver.
These are well-known examples of debt instruments that may be issued by the government of a country in order to support spending in the near term as well as the long term.
Tokenized securities, also known as digital tokens, are digital representations of underlying assets such as commodities, stocks, or bonds. Regardless matter whether an investor makes a profit or a loss on their investment, tokenized securities are comparable to other financial products such as bonds, commodities, and stocks.
The platform is planning to release more than 10,000 tokens, all of which will be linked to the values of a variety of asset classes on the market. Companies like Coca-Cola, Amazon, and Apple will be among them, in addition to indexes like the Dow Jones 30, the Nasdaq 100, and the S&P 500, and commodities like Brent Crude oil, gold, and silver.
Whenever a customer executes a transaction, they are given a token. This token follows the price of the instrument that was chosen, which enables investors to diversify their portfolios without having to transfer their cryptocurrency holdings into fiat currency.
Because we want to provide the most competitive rates possible, we have made the pricing information public and easy to access via blockchain technology.
What Kind of Tools Are Available on This Platform? On this particular platform, you have access to a wide variety of technical analysis tools; nonetheless, the following is a rundown of the tools that are considered to be the most crucial for your understanding:
Through the use of the Price movement channel, you are able to generate a range of ranges that represent shifts in the value of the asset over a certain span of time.
The head and shoulders pattern is a type of reversal chart, and it may be put to use to initiate a bearish position following a trend that was previously bullish.
On some other platforms, this design is constructed by combining a number of distinct lines, but on Currency.com, you may make use of the entire thing.
The triangle pattern consists of two intersecting trend lines, with the price acting as a moving average between the two.
Gann Fans are comprised of an accumulation of straight lines that are created at a variety of angles with the pivot point as the foundation. Each of these lines represents a potential level of support or resistance for the prices when they are approaching it.
With the assistance of the Fibonacci retracement levels, you are now in a position to determine potential objectives that the market price may accomplish. The system has a corrective component as well as an objective component.
This platform gives users access to a wide variety of indicators, all of which may assist traders of any experience level in making decisions on the trading approach that best suits their needs. We are going to focus on the ones that have the greatest amount of demand right now.
The Moving Average Convergence/Divergence (MACD) indicator is utilized for determining pivot points in addition to analyzing the trajectory and intensity of the trend.
The Accumulation/Distribution indicator does a price comparison of the last traded price with the average of the trading range.
Moving average is helpful in identifying the direction of price movement for an asset or market as well as the trend that is currently occurring since it helps determine the direction of price movement.
A price and volume change % is provided by Price Volume Trend. This validates the strength or divergence of the price trend and also warns about the weakness of the price movement.
The construction of this platform is solid, and it gives users of cryptocurrencies the ability to track the price changes of a wide variety of cryptocurrencies as well as traditional assets. Customers are able to participate in the aforementioned markets without having to convert their cryptocurrency, and this also assures that customers may collect their gains in the form of Cryptocurrency immediately.
Opportunities for trading on margin are made available for people who get a rush from taking chances.
Currency.com has established itself as one of the greatest exchange platforms because to the large variety of tools that are accessible on the platform as well as the platform's user-friendly layout. I can't stress enough how important it is for you to begin utilizing currency.com.
Currency.com is an innovative web-based platform and mobile app that enables
owners of cryptocurrencies (such as Bitcoin, Ethereum, or Litecoin and more) to
trade financial assets, indices, and commodities from some of the largest
companies in the world without having to convert their cryptocurrency to fiat
Users of the world's first licensed platform for trading tokenized securities are given the ability to get access to traditional assets by using cryptocurrency as collateral for their trades on the platform. Users are able to trade cryptocurrencies using cryptocurrency, and they may get the proceeds from their trades in cryptocurrency as well.
To put it another way, if you visit Currency.com, you won't have to worry about converting tokenized shares of companies like Tesla, Facebook, Netflix, and Apple into traditional currencies in order to trade them.
Currency.com, in addition to facilitating the trading of assets, also gives users the chance to trade cryptocurrencies on margin. At the moment, Bitcoin, Ethereum, and Litecoin are the three most important cryptocurrencies that can be leveraged. By providing a leverage of up to 20x, the platform has the ambition of establishing itself as one of the most powerful companies in the industry.
You are able to trade wherever you are by using any of the three platforms available to you: the web-based platform, the applications for iOS and Android, and the mobile website.
Currency.com is able to run its business successfully because to the extensive expertise and breadth of knowledge possessed by its parent company, Currency.com BCL LLC. The headquarters of the corporation may be found in Minsk, Belarus, and the company also has offices in the United Kingdom and in Gibraltar. Two key places that will be essential in broadening the scope of the platform's reach around the world. Currency.com's primary mission is to provide rules and guidelines for the marketplace in which cryptocurrency transactions take place. Because it enables users to include financial assets from leading corporations as well as commodities into their portfolios, this platform is ideally suited for investors who hold Bitcoin, Litecoin, or Ethereum.
Although Currency.com is still regarded to be a relatively young platform, it has already accumulated over $20 million in transactions and has more than 5000 members. The platform makes use of the increased transparency that blockchain technology affords, and it offers its customers a high level of protection by employing a multi-layered defense mechanism.
The primary objective is to offer incentives to traditional investors so that they will grow their holdings into cryptocurrency, or to offer investment choices to owners of cryptocurrency. Adding over 8000 tokenized assets to the platform's existing collection of more than 1300 assets is going to be one of the platform's key performance indicators.
Currency.com provides its customers with access to a wide variety of financial products, each of which has the potential to assist traders in better leveraging their cryptocurrency holdings on traditional markets.
On Currency.com, investors have the opportunity to trade tokenized securities representing the world's most prominent indexes, such as the S&P 500 and the FTSE 100, without ever having to convert their cryptocurrency holdings into fiat currency. The following indexes are available to be traded on the platform: DE30, US500, US100, IT40, CN50, NL25, EU50, FR40, US30, and SP35.
Tokenized shares of some of the most successful companies in the world are available for purchase on the website Currency.com. These firms include Fiverr, Uber, Slack Technologies, NVIDIA, AT&T, Visa, Netflix, Tesla, Apple, and many others.
The global commodities markets, which include anything from gold to cocoa, may be profited from by investors using their cryptocurrency holdings.
Trading may only take place using Belarusian government bonds on Currency.com.
At the beginning of 2019, the Currency.com exchange became the first regulated tokenized securities trading platform anywhere in the world. The parent company, Currency Com Bel LLC, is not only the owner of the business but also manages its day-to-day operations. The business was established in Minsk, Belarus.
When it comes to cryptocurrencies and businesses that are associated to them, Belarus is one of the most forward-thinking countries in the world. Belarus was the first country in the world to build a legal framework that was expressly adapted to all aspects of cryptocurrencies, including in particular initial coin offerings (ICOs), blockchain technology, cryptocurrency exchanges, and tokenized securities.
Ivan Gowan is the Chief Executive Officer of the company, and Alexander Schevchenko is the General Manager. Nigel Crome is the Head of Compliance, Victor Pergament is the Head of Project Management, and Dmitry Ogievic is the Head of Development. The company has more than one hundred employees in total.
Currency.com exchange is regulated by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Belarusian 8th Decree on Development of Digital Economy, according to the company's website. Know Your Customer (KYC) and Anti-Money Laundering (AML) are two protocols that are adhered to very closely by the platform. In addition to having a stringent data protection policy, it is also subject to audits by the reputable auditing firm Ernst & Young. All of these things serve as a type of guarantee that the tokenized securities are legitimate.
The platform has rapidly garnered a wonderful reputation as a forward-thinking and reliable broker in a short amount of time. Currency.com has been recognized as "the Best cryptocurrency exchange CIS" for the year 2019 and has also garnered accolades and recognition from a variety of other organizations.
Ivan Gowan, CEO of Currency Com Limited, is of the opinion that connecting the price of cryptocurrencies to the price of stocks and shares gives a concrete means by which owners of Bitcoin and Ethereum may enter traditional financial markets. Furthermore, he claims that the introduction of tokenized securities would fundamentally alter the ways in which investors will be able to utilize their cryptocurrency holdings.
The long-term objectives of the platform are to become a completely decentralized exchange by the year 2023 and to offer more than 10,000 tokenized securities in the future.
Currency.com's costs may be broken down into two categories: platform fees and charges that are directly tied to deposits and withdrawals.
When it comes to trading tokenized securities as well as margin trading, Currency.com provides costs that are among the most competitive in the industry. By default, Currency.com does not charge a fee for cryptocurrency deposits; nevertheless, there is a fee equal to a percentage of the amount that you withdraw.
When compared to other leading margin trading platforms, such as BitMex, PrimeBit, or ByBit, which charge the same commission each trade, the cryptocurrency taker cost is just 0.075 percent, which is a very competitive figure.
The costs associated with trading are comparatively minimal. You will only be required to pay 0.2 percent in fees for each trade. When compared to other brokerages that deal in tokenized securities, the charge is rather affordable. However, there are specialist trading platforms for cryptocurrency trading, and some of these sites may provide reduced fees.
The fees associated with deposits and withdrawals, on the other hand, are determined less by the platform itself and more by the type of payment network that is being utilized.
Because the costs for depositing fiat currency on the Currency.com platform are among the lowest in the industry, it is an excellent choice for trading fiat currency for cryptocurrencies.
At Currency.com, cryptocurrency deposits do not incur any fees; nevertheless, there is a fee associated with withdrawing funds.
Overall, we are able to draw the conclusion that Currency.com offers unexpectedly cheap costs for trading cryptocurrencies and tokenized assets, in addition to deposit and withdrawal fees that are within reasonable ranges. Currency.com is fairly upfront about its prices. There are not any additional costs that were not disclosed. However, additional commissions could be levied by your bank, so make sure to pay attention while making deposits and withdrawals, or get in touch with your financial institution for more details on this topic.
Currency.com operates as a global exchange and may be accessed in the vast majority of nations throughout the world.
However, because of a few regulatory roadblocks and different legislation in each country, the platform is not available in all of those nations.
The following nations are included on the list of Prohibited jurisdictions as of the 21.02.2020; however, this list is subject to change on a case-by-case basis, based on the specifics of each individual scenario:
Iran, the Democratic People's Republic of Korea (DPRK), the United States of America, the Bahamas, Barbados, Botswana, Cambodia, Ghana, Iceland, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen, and Zimbabwe are on the list of countries that are at odds with Iran.
At the moment, the website may be accessed in the following languages: English, Russian, Korean, and Chinese.
Investors from all other countries are permitted to use and trade on Currency.com without restriction, with the exception of the nations that were just discussed.
The organization adheres to stringent rules in order to offer investors with peace of mind and to guarantee that their investments are secure. Specifically:
The High Technologies Park of Belarus has given Currency.com its authorization and oversees its operations. The platform is legally obligated to comply with regulations imposed on firms that are founded on blockchain technology. As a participant in an ICO, you are shielded from liability by the nation's strictest legal standards.
In addition, two-factor authentication is utilized in every single transaction that may be carried out on the platform. These activities include logging in, financing accounts, trading, and anything that requires the usage of API keys. In the event that you are unable to access your account for any reason, the system provides you with the option to make use of a Master Key. In conclusion, currency.com protects both your private information and your assets by utilizing encryption and verification processes.
Protected by guards, video monitoring, and even retina eye scans, the servers that run the company's operations are housed in one of the most advanced and sophisticated data centers in the world.
Currency.com places the majority of its customers' coins in cold wallets since the security of their money is of the utmost concern. Although just a tiny quantity is stored in hot wallets, we rely on them to ensure that our operations never run out of cash.
The monies that you put into currency.com are kept in a bank account that is completely distinct from the account that the firm uses to operate, and these funds cannot be borrowed or loaned in order to support the platform's operations.
To begin, the platform allows users to make deposits and withdrawals in the following currencies using both traditional cash and cryptocurrencies:
The United States dollar (USD)
Rubles from Russia (RUB)
Belarusian rubles (BYN)
Bitcoin Cash (BCH)
Both deposits and withdrawals are handled within a single day, although withdrawing fiat cash may take several days since transactions with banks may be subject to extra processing delays. Deposits and withdrawals are processed within a single day.
Currency.com does not impose any fees on its users for making deposits. Due to the processing timeframes of traditional banks, it might take anywhere from one to five days for the deposits to be credited to your account after they have been made. If, after two days, you still haven't received your cash, you may email a confirmation of your transfer to the Currency.com support team at email@example.com.
On the other hand, you may replenish the funds in your trading account using a bank card issued by either Visa or MasterCard. In this scenario, deposits are processed immediately; nevertheless, a fee rate of 3.5 percent will be applied to each transaction. Cash cannot be used to add funds to your account at this time.
You are able to view the commission that must be paid in order to withdraw funds from the Currency.com platform. This commission can be found in the Currency.com fees. The money that you want to withdraw will be sent immediately to either your bank account or the address of your cryptocurrency wallet. Withdrawals of fiat currencies might take up to three business days, however transactions involving cryptocurrencies are executed within the same working day.
Instructions for Signing Up: The signup procedure on Currency.com is quite easy to complete. To access the platform's exchange, navigate to the site and select the "Exchange" option from the menu at the top of the page. However, in order for you to register on the platform, a comprehensive Know Your Customer procedure is necessary because the platform is governed by the High Tech Park of Belarus and audited by Ernst & Young.
In order to shield its customers from the risk of purchasing "dirty" cryptocurrencies, the company must comply with the KYC and AML regulations. On the one hand, this is very beneficial for your protection as an investor, but on the other hand, it may scare away investors who prefer to maintain their anonymity.
The following are the stages that are included in the registration and login processes:
The sign-up box will appear as soon as you click the exchange button, and you will be required to provide your email address and a password.
You will be required to supply some of your personal information, including your nationality and the country in which you now reside.
Your current address.
The name that is printed on your passport, including any middle initials.
Take note that in order for your identification to be verified, your proof of identity must have the following information: your complete name, date of birth, citizenship, document number, issuing body or state, expiration date, and issuance date. You are required to mention your full name, address, and the date the document was issued on your proof of address.
As you can see, while the registration procedure might just take a few minutes of your time, the verification process is rather comprehensive and could take some time. Before you may make a deposit into your account or make your first transaction, your account must first be properly confirmed.
Currency.com has given users of its platform the option to learn about and practice trading technologies through the use of their trial account. If you are new to trading and would want to experiment with investing in cryptocurrencies, you can take advantage of this opportunity. A demo account gives you the opportunity to test out the trading platform without putting any of your own money or assets at risk in the process. This is true regardless of how much expertise or level you have in trading.
Traders may gain first-hand experience trading tokenized assets and keeping up with market movements by using this virtual account. The UI of the demo account is identical to that of the actual trading account, and it includes over 300 tokenized assets and a leverage of up to 500x.
The corporation has also pioneered the practice of trading remotely, which is one of its breakthroughs. It is highly crucial for the inclusion of more traders to have the capability of trading while on the go or from remote areas, especially in this age of mobile technology. As a result, the platform provides a mobile app, which can be downloaded into both iOS and Android phones through the relevant app stores for those operating systems.
The mobile edition of the platform is extremely user-friendly; in addition to its modern appearance, it possesses a wide range of cutting-edge functionalities. Users have a very positive opinion on its usability, as well as its customer support and feature set. It is quite useful when you need to stay up with the most recent trends and essentially contains everything you need to trade with cryptocurrencies wherever you are.
Servers belonging to Currency.com may be found on the premises of the LD4 data center, which is also utilized by some of the most prominent trading platforms in the world, such as Nasdaq and Dow Jones, in addition to the London and Frankfurt exchanges. The data center has both armed guards and a video monitoring system installed for its own safety and protection.
In addition, the platform employs PGP (pretty good privacy) and GPG (GNU privacy guard) in order to validate users' e-mail addresses. A method for uploading documents in a secure manner. In addition to this, it features the greatest possible degree of global encryption;
In addition to this, the corporation conducts extensive background checks on all of its employees, and every choice that is made regarding private information is subject to a rigorous review process. Lastly, the team behind currency.com has already begun making preparations to become totally decentralized by the year 2023.
One further feature of the platform's security is that there has not been a single instance of a breach in its history up until this point. The firm has stringent anti-money laundering (AML) and Know your customer (KYC) compliance, and 97 percent of user cash are stored in a cold wallet.
You may safeguard your account on the user side of the screen by using a robust password and two-factor authentication (2FA) with Google Authenticator. Both of these features are available.
In a nutshell, Currency.com is a trustworthy, competent, and transparent financial business that makes use of cutting-edge technology and procedures for safety and protection.
Trading on margin is another name for the practice of leveraged trading. Using this approach, the trader is able to open positions that are far greater than his own available money. When you use margin to buy assets, it is functionally equivalent to taking out a loan and utilizing the cash or securities you currently have in your account as collateral for the loan. The use of leverage in financial markets is quite common among traders and brokers. The ratio of the value of the position to the amount of investment that is required is known as leverage.
Overall Leverage is a strategy that enables investors and traders to increase the size of their portfolios while simultaneously maximizing their earnings.
Currency.com provides its users with this service as well. Dividends on tokenized shares are distributed not just for non-leveraged but also for leveraged trades. Depending on the asset class, the platform provides a range of leverage that goes from 1:10 to 1:100. On the platform, traders of cryptocurrencies have access to a leverage of 1:10, whilst investors and traders of tokenized equities have access to a ratio of 1:20.
The exchange provides a leverage ratio of 1:100 for tokenized commodities, which indicates that investors have the potential to trade up to $100,000 for every $1,000 that they have in their account.
The following are the maximum leverage sizes: ETF at 1:20, Indices at 1:100, Commodities at 1:200, Shares at 1:20, Cryptocurrencies at 1:20, and Forex at 1:500.
Only a 1:50 or 1:100 leverage with an incorporated guaranteed stop-loss order may be established for the ETH/USD, BTC/USD, ETH/EUR, and BTC/EUR currency pairs, respectively.
The fact that currency.com's customer service is available around the clock and is simple to get in touch with is one of the platform's strongest selling points. Every user is able to get in touch with the firm very easily by any of their available contact points, including the following:
Live conversation through Viber, WhatsApp, and Telegram;
Their response time to any inquiry is often less than 15 minutes, which is considered to be satisfactory. Additionally, the customer care that they offer is singled out for praise in the ratings and reviews of their app.
In general, the customer care mechanism that Currency.com provides is powerful, quick to respond, and safe.
Both the app and the web-based version of the platform are user pleasant and are relatively easy to browse. Additionally, the website of the organization provides you with access to a significant amount of information.
You may earn a bonus for both yourself and your buddy if you invite them to use the site. To be more specific, you have the opportunity to earn a trading commission that is paid for you at a rate of 50 percent by the referrals that you bring in for them, as well as a discount rate of 10 percent on trading commissions.
To be eligible for this referral program, you will need to follow the procedures outlined below:
When you sign up using a referral link, you'll receive a discount of ten percent on trading commissions for the subsequent three months.
You may earn these perks by telling a friend about your referral link and having them sign up for the service. During the first six months of their trade, Currency.com will waive a commission equal to fifty percent of their normal trading fees.
In Order to Acquire a Referral Link
Install the mobile app (available on android and IOS)
Create an account on currency.com.
Go to the "Referrals" tab.
Get your referral link
Send it out to all of your associates and collaborators.
You may receive a 12 percent reduction on trading commissions for your customers if you sign up to be an affiliate for currency.com. Additionally, you can earn fifty percent of the money that is generated by your customers. The platform provides a comprehensive selection of monitoring tools and statistics, and a user-friendly dashboard makes it simple to monitor how well your content is doing in terms of engagement and traffic. Anyone interested in participating in the affiliate program can send an email to firstname.lastname@example.org. Your commission will be paid to you in US Dollars. A wire transfer will be used to deposit funds into the bank account of your choosing when the payment is made by the firm.
Currency.com is a cutting-edge exchange platform that holds the potential to revolutionize the way in which we invest in the years to come. It is the instrument that investors have been looking for to bridge the gap between traditional finance and cryptocurrencies, and it is the one that has been lacking in the investing industry. Holders of cryptocurrencies are granted access to traditional markets through the use of Currency.com, as well as the reverse. The costs charged by the platform are comparatively inexpensive in comparison to those charged by other platforms offering services of a comparable nature. There is a high level of security, excellent assistance for customers, and compliance with national rules is ensured by the organization.
At the moment, the platform requires a multitude of identification verifications as well as proof-of-funds, but it is aiming toward being decentralized by the year 2023.
The platform is suggested for all traders and investors regardless of their prior expertise in cryptomarkets since the interface is user-friendly and straightforward, and the platform itself is simple to use. In addition to that, it has an excellent mobile app for trading on the move, which is compatible with both iOS and Android.
It is advised for both individual and institutional investors, as well as for those who want to use the leverage trading engine or just want to acquire cryptocurrencies. It is also recommended for those who want to utilize the leverage trading engine.
The construction of this platform is solid, and it gives users of cryptocurrencies the ability to track the price changes of a wide variety of cryptocurrencies as well as traditional assets. Customers are able to participate in the aforementioned markets without having to convert their cryptocurrency, and this also assures that customers may collect their gains in the form of Cryptocurrency immediately.
Currency.com is a well-known cryptocurrency exchange that provides customers
with access to more than 2,000 tokenized assets that may be traded with up to
500 times the normal leverage. In addition to that, it provides access to around
200 different cryptocurrency trading pairings. Money.com allows users to trade
any asset for another, including equities for cryptocurrencies, commodities for
bonds, and so on. This is in contrast to the majority of other platforms, which
require users to first convert their assets into fiat currency before buying
In this review, we will go over the specifics of the Currency.com platform, including its security, the cryptocurrencies and other assets it supports, the costs associated with trading, the quality of the trading experience (both on desktop and mobile), and its customer support. In this lesson, you will learn how to register for an account on Currency.com, how to make a transaction, how to deposit swap assets, and get an overview of the sophisticated trading tools available to active traders.
Currency.com is a cryptocurrency trading platform that enables users to purchase, sell, and trade various cryptocurrencies, in addition to hundreds of tokenized assets, such as equities, bonds, and exchange-traded funds (ETFs). Currency.com was established in 2019 with the intention of providing investors with access to digital representations of traditional assets in addition to cryptocurrency.
Although there are more than 2,000 assets available for trading on Currency.com, it is essential to keep in mind that these assets just reflect the prices of real-world assets and do not enable the direct purchase of the item itself. This fact is vital to keep in mind. When users trade stocks or exchange-traded funds (ETFs) on the platform, for instance, they do not really own the stock that they have acquired; rather, they possess a tokenized (digital) version of the stock that reflects the price of the asset.
Currency.com is a well-known cryptocurrency exchange that operates on a global scale and provides users with access to the buying, selling, and trading of a total of 54 different cryptocurrencies. Currency.com also caters to the needs of institutional investors by providing an OTC trade desk and round-the-clock customer service for business customers. Currency.com supports a wide range of fiat currencies, including the Swiss franc (CHF), the Euro (EUR), the United States Dollar (USD), and the Great British Pound (GBP) (CHF).
Over 2,000 tokenized assets and cryptocurrencies are made available for trading on Currency.com, which is one of the website's primary selling points. In addition, it provides customers with a mobile app, an enhanced trading interface, up to 500 times the normal leverage, and assistance around the clock. One of Currency.com's major shortcomings is that it does not support any cryptocurrencies. In addition, its one-of-a-kind tokenized assets are not able to be moved off of the platform or exchanged anywhere else. In addition, it does not provide any accounts that may be used for lending, staking, or earning interest.
Can Investors Come From The United States? No, investors from the United States as well as those from a number of other countries are not permitted to utilize the Currency.com platform. But if you are a resident of the United States, you can trade cryptocurrencies on a separate site that can be found on crypto.currency.com. Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are the only cryptocurrencies that may currently be traded. This is a major limitation for the cryptocurrency market. Residents of the United States will need to locate a cryptocurrency exchange within the country.
Currency.com offers support for 191 different cryptocurrency trading pairs, allowing users to buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). In addition to that, it is compatible with a number of well-known alternative cryptocurrencies, such as Cosmos (ATOM), Avalanche (AVAX), and Chainlink (LINK).
Although Currency.com does not currently support all 50 of the most popular cryptocurrencies on the market, it does not currently support Near Protocol (NEAR), FTX Token (FTX), or Ape Coin (APE). Stablecoins like as TerraUSD (UST) and Binance USD (BUSD) are not supported by it either.
The website Currency.com promotes itself as having more than 2,000 "tokenized assets" available for purchase. Tokenized assets are digital representations of traditional investments like as equities, bonds, commodities (gold, silver, etc.), and market indexes (such as the S&P 500). These assets do not really hold the underlying asset; rather, they are derivatives of that asset and trade at values that are comparable to the prices at which the asset represented is sold.
The fact that users of the Currency.com trading platform are able to trade between different asset classes, such as trading equities for gold or cryptocurrencies for tokenized index funds, is one of the platform's distinguishing characteristics. On the vast majority of exchanges, you won't find this kind of seamless ability to trade across asset classes. Because of this, skilled traders who wish to make swift transitions across assets will find Currency.com to be an appealing platform.
Currency.com claims that all of these tokenized assets are a form of cryptocurrency, which is nothing more than a derivative instrument that replicates the price of the asset it is based on. In light of the foregoing, it is important to note that these assets do not run on a public blockchain and cannot be traded anywhere but the Currency.com platform.
Currency.com provides access to business token investments, which are a form of tokenized share in a company but do not necessarily indicate ownership of that share. Firm token investments are a sort of tokenized share in a company. Tokenized assets have as their end objective the investment of capital in a business that maintains a consistent dividend payment schedule. According to the laws of the country in which Currency.com's business is conducted, citizens of Belarus do not owe taxes on payments of this kind.
The purchasing and selling of these investments is not subject to any commission fees, and the firms that are authorized to produce the tokens are backed by collateral in the form of buildings, sureties, and other forms of collateral. As of the month of April 2022, the website only lists a single token for sale, however it is not yet open for business to receive new customers.
Users of Currency.com have the ability, depending on the asset, to trade with up to 500x leverage, which is significantly more than the leverage offered by the majority of exchanges, which is only up to 100x. This comes with the inherent danger of loss but has the potential to compound user gains on a huge scale, with even modest price gains translating into substantial profits.
Users have direct access to leverage through the trading interface by first selecting the trading pair they desire to trade and then selecting the "leveraged trading" option to gain access to margin. With a normal account, you can trade up to 100 times your margin, but with a verified account, you may trade up to 500 times your margin. This indicates that a customer may have access to $50,000 worth of margin for a transaction by making a deposit of just $100 to the platform (in addition to cash to cover any fees that may be applicable).
Currency.com also provides customers with the option to open a "demo account," which provides access to fictitious cash for the purpose of evaluating the leverage platform. Before making a deposit and beginning to trade with real money, it is recommended that you make advantage of this feature so that you may have a better understanding of how leverage trading operates on the platform and practice making a few mock transactions.
Access to the Currency.com Application Programming Interface (API) is available to advanced traders who wish to construct their own trading bots and tools as well as access market data from Currency.com. Users are able to extract information from the platform into aggregation tools and also make trades using this interface.
The majority of the larger cryptocurrency exchanges provide API access since there are a great number of third-party applications that build trading and monitoring tools leveraging platform APIs. Currency.com makes use of both a REST API and a Websocket API to communicate with its users.
Please take note that although the API provides access to the majority of the platform, it does not facilitate the trading of tokenized ETFs or shares.
All accounts on Currency.com are subject to a mandatory Know Your Customer check, and those accounts that are not verified within 15 calendar days are closed (and leveraged positions are immediately terminated). Verification is necessary in order to prevent money laundering and other illegal activity on the platform as well as to comply with the regulations of local governments.
Currency.com requires users to submit a legal name, address, and personal identification number in order to validate an account. Users will also be required to upload a photo of themselves with a valid government-issued identification card. In the end, users will be required to verify their present residence by submitting a proof of address (POA), such as a copy of a bill from one of their utilities.
Currency.com allows users to fund their accounts with a variety of different payment options and supports five distinct local currencies in addition to cryptocurrencies. Instant SEPA is accessible in countries that use European currencies, such as the UK, and ACH is available for nations that use US dollars. In addition, you have the option of using wire transfers. Users also have the option to deposit funds using their debit or credit card (only VISA and Mastercard are accepted), however doing so incurs a deposit charge of 3.5 percent. Depositing crypto is never going to cost you anything.
There are no limitations on deposits, however it is crucial to remember that deposits made with a debit or credit card use a third-party payment processor located in Russia. Deposits can be made at any time. This particular processor converts monetary orders into Roubles, which may have an effect not only on the total amount being transferred but also on the charge.
The minimum amount that may be deposited varies depending on the currency that is being used. For example, the minimum amount that can be deposited using a credit or debit card is simply twenty dollars. In addition, withdrawals are subject to currency restrictions.
Currency.com is a somewhat significant exchange, as evidenced by the fact that it executes more than $400 million in daily trading activity, with the majority of the volume being in deals involving Ethereum (ETH/USD). Currency.com has an overall rating of 628 out of 1,000 based on the liquidity rating provided by CoinMarketCap. This value takes into account slippage on orders of varying sizes (out of a potential score of 1,000). While Currency.com does provide a higher level of liquidity than is typical, the majority of the trading activity is driven by the ETH/USD trading pair.
Investors who wish to make larger transactions of Bitcoin and other cryptocurrencies should investigate other cryptocurrency exchanges with more liquidity, such as FTX and Binance, in order to prevent slippage and order difficulties. In addition, while having a huge number of different trading pairs available, Currency.com might not be the most effective platform for day traders.
Charting with more than 50 different indicators may be accessed through the user interface of Currency.com, along with several order types and watchlists to keep track of a user's preferred assets. Although all of these tools are fantastic for experienced traders, a novice user who has not engaged in much trading may find all of them to be overwhelming.
Currency.com provides users with hundreds of assets from which to pick and organizes these assets into categories on the left side of the page. In addition to that, it displays the top movers of the day, such as the assets that rose the most, fell the most, were the most volatile, and were freshly listed. Users are also able to change their watchlists in order to tailor the display to their preferences.
Currency.com gives sophisticated traders the ability to personalize their charts by selecting from a variety of various perspectives and by adding indicators that overlay the chart. Advanced traders have access to more than fifty different indicators from which to pick in order to conduct analysis on every trading chart.
The following are examples of possible indicators:
Accumulation/Distribution , MACD
The Relative Strength Index Based On the Moving Average of the Balance Volume and much more
Users can launch an order window on the trading interface of Currency.com to place an order by selecting either "Buy" or "Sell" from the available options. The most fundamental type of order placed on the platform is known as a market order; however, customers have the ability to include a "Buy when the price is..." option, which functions very similarly to a limit order.
When you engage in leveraged trading, you have the additional option of adding a stop-loss order in addition to a take-profit order. In addition, depending on the assets, there is a leverage of up to 500 times possible. Following the establishment of the relevant trading criteria, the order will then be carried out.
Cryptocurrency traders may take advantage of cheap trading costs offered by Currency.com, which charge a rate of 0.20 percent for spot trades and an even lower rate of 0.075 percent for leveraged deals (0.06 percent for BTC and ETH trades). Trading costs for tokenized assets vary depending not just on the asset class but also on whether or not the assets are being switched across asset classes.
The trading costs are comparable to those of low-cost exchanges like as Binance, KuCoin, and Phemex; nevertheless, a high trading fee of 2.0 percent is charged when exchanging between cryptocurrencies and tokenized currencies. Currency.com's spot trading fees are extremely competitive in comparison to those of the bigger cryptocurrency exchanges; nevertheless, there are no token discounts available to further cut the charge. To summarize, Currency.com is not the most cost-effective exchange for trading cryptocurrencies.
Currency.com has a mobile app that allows users to trade while they are on the move, and the software is compatible with both Android and iOS smartphones (iPad and iPhone). Traders may finish their transactions, make deposits and withdrawals, and communicate with customer support all using the app. The trading app offered by Currency.com has had more than 2,900 reviews and has received an average rating of 4.8 out of 5 stars on the Apple store.
There have been a few concerns from customers regarding identification verification and withdrawing funds from the app, but a representative from Currency.com's customer care has reacted to each issue, demonstrating that the company provides outstanding customer service.
It would appear like Currency.com is a reputable cryptocurrency exchange because it provides industry-standard security measures such as two-factor authentication (2FA) for account login, deposits, withdrawals, and certain trades. The cryptocurrency that has been deposited is safeguarded against hacking attempts and the loss of cash by being kept in offline cold storage wallets. To summarize, Currency.com has not been the victim of any hacks and there has been no documented loss of customer cash; hence, it is a trustworthy exchange.
Currency.com also maintains reserves of funds in the event that a user suffers a loss as a result of criminal activity or theft. It is uncertain how much of a reserve there is.
Currency.com is an online supplier of financial services that provides access
to over 2,000 tokenized assets, including tokenized commodities, indices,
shares, and bonds in addition to several cryptocurrencies, for the purpose of
trading online via the trading platform that is supplied.
Currency.com is a cryptocurrency exchange that is based out of Gibraltar and gives users the opportunity to trade tokenized assets and cryptocurrencies with leverage by utilizing a trading platform that is completely in-house developed. They give you with some helpful trading tools and instructional materials, and a customer support team that is available around the clock to assist you with any questions or concerns you may have. There is a leverage of up to 1:500, as well as protection against negative balances.
Regulatory Requirements: The Financial Services Commission of Gilbraltar has assigned the identification number 117543 to the legal company that operates under the name Currency.com.
FinCEN has acknowledged Currency.com US LLC's registration.
Saint Vincent and the Grenadines is the location of the company's registration for Currency.com Global LLC.
The Exchange does not make its services available to citizens of nations or regions whose use of those services would be in violation of the laws or regulations that govern the area in which they reside. Therefore, if you are a resident of a nation in which Currency.com does not provide its services, you may use our tool to identify a trading broker that meets your needs by clicking here.
A beneficial feature offered by Currency.com is protection from having a negative balance. On the other hand, I believe that the exchange would have a greater degree of credibility if they were governed by a top-tier regulatory organization.
Platforms: In terms of trading platforms, you will have access to both the Exchange's in-house platform as well as a mobile app.
On the other hand, save MetaTrader and cTrader, there are no other trading platforms available. MetaTrader and cTrader are perhaps the trading platforms that have the most name recognition among traders. The reason for this is that several brokers provide MetaTrader since it is widely regarded as one of the most effective trading platforms. If you agree with what I've said and are looking for a broker that supports MT4 and crypto trading, Admirals could be a suitable alternative for you.
They also do not provide copy trading or social trading, which is another area in which they need to make improvements. I believe that a large number of traders and investors are interested in duplicating effective trading tactics as well as investing. AvaTrade is an option worth considering if you wish to engage in social trading in addition to trading cryptocurrency.
The cryptocurrency trading platform offered by Currency.com is a user-friendly system that has been developed specifically for tokenized assets and digital currencies. The platform was developed using cutting-edge technology and has a full drawing toolkit in addition to other essential features and capabilities, such as cutting-edge charts, 75 technical indicators, and a comprehensive drawing toolkit. The platform is offered in the form of a WebTrader, which may function normally within the majority of today's web browsers.
You will never miss a trading opportunity if you have the Currency.com trading app readily available on your mobile device. Right at your fingertips is all you require to trade on the most important crypto and traditional financial markets in the world. Mobile trading applications are essential for every trader, in my view, because they allow traders to monitor and adjust their positions while they are on the move. Both Android and iOS are supported operating systems for the mobile trading app.
You have access to a wide variety of valuable trading tools that can assist you with the tasks associated with day trading. APIs, charts, drawing tools, various technical indicators, and more more go into this category.
Trading Central and AutoChartist are examples of tools that are considered to be industry standards; in my opinion, Currency.com might benefit from including these and other tools into its trading platform. Additionally, there are no trading ideas or indications that may be used.
Education: The website of the Exchange is loaded with a variety of educational tools, such as trading blogs, news, trading manuals, video lessons, and a section titled "Frequently Asked Questions," which provides prompt answers to the most frequently asked questions by customers.
In my perspective, there are not a lot of instructional resources available on Currency.com. There are not enough webinars, seminars, podcasts, publications, or videos available. If you want access to a wide variety of educational resources, CM Trading can be a suitable choice for you to consider.
The Exchange now provides more than 2,000 tokenized assets on a variety of markets, including commodities, indices, equities, bonds, and numerous cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and others.
However, neither options nor exchange-traded funds (ETFs) are offered, which, in my opinion, might be a deal breaker for certain investors. If you are searching for a broker that has lots of markets, Saxo Bank provides a large product selection that you may choose from.
Accounts: You are only permitted to establish a single live trading account with this broker. In addition, there is a test account that may be used for training reasons.
Currency.com also offers a corporate account, which requires a substantial initial investment and comes with a personal account manager. Despite this, the exchange does not provide ECN accounts with zero spreads to its customers. If you are interested in trading with no spreads, IC Markets can be a suitable choice for you.
Support: The broker has a customer support team that is available around the clock and can be reached by email, Live Chat, and several social media platforms. If you want to contact customer care and you want a quick answer, in my view, live chat is the best way to go about it.
Funding: You can use any of the following payment methods to deposit and withdraw funds: credit or debit cards, bank wire transfers, electronic payment processors, or cryptocurrencies.
The use of bank transfers to make deposits does not incur any fees; however, using debit or credit cards to make deposits does incur a cost of 3.5 percent of the deposit amount. When you make a withdrawal by a bank transfer, the charge is 0.15 percent, while the fee for using a debit or credit card is 3 percent. The use of cryptocurrencies to make deposits is completely free, but there are fees associated with utilizing cryptocurrencies to make withdrawals.
Sign up: To create an account, go to the homepage of the website, click on the box that says "Get Started," and then fill out the application form for the account, being sure to include all of the needed information.
Tokenized assets, in addition to cryptocurrencies, may be traded on the Currency.com platform, which is a digital assets market that operates online. They make available to you a variety of trading as well as learning resources. You may also reach out to the customer support staff at any time of the day or night.
In a nutshell, if you are an experienced crypto trader, Currency.com could be a fantastic alternative for you. However, they require development in a number of key areas, including the adaptability of trading platforms, social and copy trading, trading tools, and instructional materials. Currency.com is a cryptocurrency exchange that offers trading services in over 180 countries. These services include trading cryptocurrencies, equities, bonds, and indices in addition to currency trading. The platform went live in May 2019 and has since evolved into a cutting-edge digital asset trading provider. It takes great pride in being the first exchange of its kind to give users the ability to invest in or trade tokenized financial instruments while also allowing them to make payments in cryptocurrency. The platform has offices in both London and Gibraltar in addition to its main location in Minsk, Belarus. As a result of the extensive number of investment classes it supports, it is ideally suited for trading tokenized assets. Currency.com primarily offers tokenized assets on cryptocurrencies, equities, indices, and other financial markets, but users are also able to acquire various spot coins via the platform. In this piece, we will provide you with a comprehensive analysis of Currency.com in the hopes that it will assist you in determining whether or not it is a useful platform for you.
Wide Spectrum of Investable Asset Classes: At the time of writing, Currency.com has over 2,000 tradable tokenized assets and cryptocurrencies, and they have the ambitious aim of reaching 10,000 in the near future. Users have the option of selecting the asset class in which they want to invest or utilizing several trading instruments in order to boost their prospective earnings.
Deposits and Withdrawals - Users have the option of using either traditional currency or cryptocurrency when making deposits and withdrawals.
Training Materials Currency.com provides first-time users with high-quality training materials that help them become comfortable with the website. They consist of trading charts and video training, and the site also provides a free sample account for users to test out their strategies before trading on the main platform.
Outstanding Assistance to Customers - The customer service department of Currency.com is reachable through a variety of channels around the clock and across the world. Users have access to a variety of communication options, including Live Chat, Email, and Phone, as well as Facebook, WhatsApp, Viber, and Telegram.
Low Minimum Deposit Requirements: Currency.com's minimum deposit requirement is only $5, making it an excellent choice for investors of all experience levels. A competitive minimum withdrawal amount of one hundred dollars is required.
Leverage and Spreads - Currency.com offers customers the ability to trade with leverages of up to 500x, and the website delivers tight market spreads.
Currency.com complies with the Anti-Money Laundering (AML) and Know Your Customer (KYC) legislation and is completely controlled by Belarus, the nation in which it is headquartered.
The platform has a policy that prevents users who are located in the United States from accessing its services. Because of this policy, users in the United States are unable to use the platform's services.
There will be no betting, lending, or borrowing allowed — The advent of the decentralized finance (DeFi) sector has led to the proliferation of cryptocurrency exchanges that offer loan and borrowing services; however, Currency.com has not yet implemented this function.
Currency.com is only governed by the nation in which it is headquartered, which is an inadequate level of regulation for a platform that offers more than 2000 investment products in over 180 countries.
Regulation of Currency.com in its native nation of Belarus is carried out in accordance with Decree no. 8 issued by the President of Belarus. It is regarded a legal entity that is permitted to perform services relating to tokenized assets and cryptocurrency trading, and it is managed by the High Technology Park of Belarus. Additionally, it is authorized to conduct business in both Gibraltar and the United Kingdom.
Currency.com has its headquarters in Belarus, namely in the city of Minsk. However, being an international organization, the exchange is growing its activities, and it currently has offices in London, United Kingdom, and Gibraltar, both of which function as the headquarters. Gibraltar is also the location of the exchange's main trading floor.
Currency.com is a worldwide exchange that offers its services in most regions of the world, including Africa, Europe, and Asia, with a few notable outliers such as the United States. One of these countries is the United States. The United States of America, Syria, Sri Lanka, the Democratic People's Republic of Korea, Iran, Pakistan, Yemen, The Bahamas, Cambodia, Trinidad and Tobago, Bermuda, Tunisia, Panama, the Philippines, and Senegal are among the countries that are not permitted to use the platform due to the regulations that have been put in place. South Sudan, Nicaragua, Turkey, Uganda, Morocco, Mauritius, Mali, Myanmar, Malta, Jordan, Jamaica, Haiti, Cayman Islands, Albania, Zimbabwe, Turkey, Ethiopia, Botswana, and Ghana.
Currency.com allows customers to trade more than 2,000 different assets, including a variety of cryptocurrencies and crypto crosses. Among these tradable assets are various cryptocurrency pairs. To be more specific, Currency.com gives you access to over 50 different coins and hundreds of different crosses.
Money.com does not charge any commissions on cryptocurrency deposits; nevertheless, there are fees associated with the deposit of fiat currency, and these fees vary based on the type of fiat currency and the method used to deposit it. You have the option of depositing fiat currency using the United States Dollar (USD), the British Pound (GBP), the Russian Ruble (RUB), or the Euro (EU). On the other hand, withdrawals are subject to a charge that varies with the coin that was taken out. In addition, an extra charge of 15 percent is assessed for any withdrawals made from accounts located outside of Belarus. The platform has a pricing structure that includes trading fees, exchange fees, funding fees, and an overnight funding fee in addition to the fee that is charged when funds are withdrawn from an account.
The trading charge is 0.06 percent for Bitcoin to US Dollars, Bitcoin to Euros, Ethereum to US Dollars, and Ethereum to Euros. For all other cryptocurrencies, the commission is 0.075 percent. When it comes to the exchange cost, a charge of 0.2 percent is payable for amounts up to $50,000 that are being converted. All transactions with sums that exceed this limit will be subject to an additional commission fee. On Currency.com, constantly leveraged trades may be subject to funding costs, the amount of which is dependent on the market rate. When an order is placed after a certain amount of time has elapsed, the overnight financing cost might be applied to or withdrawn from your account. In most cases, the sum is determined by applying the formula (Asset Quantity x Current Price - Reserved) multiplied by the percentage of the Daily Overnight Funding Fee.
Currency.com also generates revenue from opening spreads of $0.05 per BTC, as well as from a cryptocurrency market taker and market maker commission of 0.075 percent and 0.025 percent, respectively. Currency.com does not impose any additional, unseen costs.
Currency.com gives the cryptocurrency community access to a web-based platform that is extremely user-friendly and interactive, as well as a comprehensive collection of risk management tools, so that they may better protect their assets. The web-based trading platform only comes in one account type, known as a standard account, which may be used to trade any of the instruments that are made available by the exchange.
It offers a straightforward user interface that even inexperienced traders would find easy to navigate and utilize to begin trading. The 75 various technical charts, the live trading news, and the broad customer assistance are some of the exceptional features offered by the site.
Before you begin to use the site, you are free to experiment with the demo account, which gives you the opportunity to trade with fictitious BTC. It is identical to the actual version of the platform, with the exception that you cannot use real money on the demo.
The live trading account for desktop offers a straightforward interface that is divided into six categories, including a Trade tab, Charts, Portfolio, Reports, Deposits, Referrals, and Contests.
Users are able to select their trading instruments, which may include cryptocurrencies, equities, indices, or securities, by clicking on the Trade tab.
You may look at a real-time chart of the instrument you want to trade by clicking the option labeled "Charts."
Within the Portfolio area, you will have the ability to examine any open transactions as well as any working orders.
Your purchase and activity history will be displayed in the Reports area of the dashboard.
You may bring a friend to Currency.com through the Referrals button, and if they sign up for an account, you'll earn a credit for half of their trading and exchange costs for the first six months. You will see a link that you may copy and paste into an invitation to a friend or family member.
Customers have the opportunity to take part in a trading competition through the Contests section of Currency.com. Simply opening an account and making profitable trades will get you closer to winning the prize. The prize is given out to the best three traders, and the reward pool on the exchange is presently set at $2500.
The following steps will walk you through opening an account with Currency.com on your desktop:
The registration procedure on the desktop platform offered by Currency.com is not overly complicated. Even a novice investor may go through the process in a matter of minutes and begin trading. After you have verified your email address, however, you will be required to present an identification document in order to complete the identity verification process. Due to the fact that Currency.com is a licensed exchange by the High Tech Park of Belarus, the verification serves as confirmation that the company complies with KYC standards. The procedures that need to be taken to create an account on the web-based platform offered by Currency.com are as follows.
First, navigate to the Currency.com homepage and look for the link labeled "Join In." Click on that link.
After you have selected the symbol, the page will take you to the registration page so that you may start the procedure. First, you will be asked to provide a working email address, and then you will be prompted to establish a password. For reasons of safety, the system will supply you with a set of prerequisites that your password absolutely needs to fulfill.
Step 2: Specify the country in which you now reside and your nationality. Be sure to verify that you do not call any of the states in the United States of America home.
Step 3: Enter your personal information, including your name, your surname, and the date you were born.
Step 4: Enter the address where you now reside.
Step 5: You will receive an email with a link to the exchange at the email address you specify. Proceed to the email and click the verification link there.
The final step in the registration process is to verify your identity by giving an ID. You are able to provide a photograph that is not blurry of your passport or other kind of official identification.
How to Purchase Cryptocurrencies Using the Currency.com Desktop Platform:
In the first step, you will need to log in to your new account by using the email address and password that you just made.
Step 2: Once you are in the dashboard's 'Trade' area, navigate to the cryptocurrency coin that you wish to acquire and click on it.
Step 3: Personalize your order by specifying the quantity of coins that you wish to purchase.
Step 4: To add money to your account, choose the method of payment that you want to use from the list.
Step 5: To finish making your purchase, click the button that says "Place Order."
Users of Currency.com have access to a straightforward, user-friendly, and multiple-award-winning cryptocurrency trading software that can assist you even while you are away from your computer. Because the mobile application has all of the capabilities that are available on the web-based platform, you may use it as a gateway to more than 2,000 trading products and buy or sell in order to make a profit from the markets.
In addition to that, it offers a robust software for the cryptocurrency market that takes pride in its order management system that processes orders in a fraction of a second. It is not restricted in any way by the speed limitations that are inherent to blockchain technology. Instead, it has an unrivaled trade-matching engine that can process enormous volumes of transactions at speeds of up to 50 million deals per second.
Taker or maker costs are always at a fair rate, and the software comes with a full suite of risk management capabilities as standard. Traders can minimize their risks and restrict the amount of possible loss by using segregated margins. Traders also have the option of manually controlling the margin, which gives them the ability to determine the amount of capital they are willing to risk.
The Step-by-Step Guide to Creating Your Account Online The Trading App from Currency.com
Installing the application requires first downloading it from either the Google Play Store or the Apple App Store, depending on the version of your mobile device.
After the installation of your app is complete, you will be given the option to join up, or you may go ahead and test out the demo.
Currency.com's Mobile Trading App for Mobile Devices
Please provide your email address, and then set up a password.
Please include the address of your place of residence, together with information on your nation of origin and nationality.
Put in your first name, then your middle name, and then your last name. The use of the middle name is not required.
Provide your address or postcode.
Please enter the date of your birth.
Please provide me your contact number.
Choose the currency you wish to deposit with from the list that is offered, and then make a deposit to begin trading.
After you have finished setting up your account completely, you will have the option to begin trading immediately or watch training videos to learn how to trade. Don't forget that you also have access to the demo account for testing purposes.
The Step-by-Step Guide to Purchasing Cryptocurrency on Currency.com Trading App There is no discernible difference between trading on the Currency.com app and trading on the desktop platform. The one significant distinction is that in order to use the program, you will first need to download it, as opposed to the web-based platform, which allows you to easily access its features over the internet. After that, everything else is going to operate in the same manner.
The first thing you need to do is launch the application on your mobile device and sign in to your brand-new account.
Step 2: Navigate to the Trades tab and choose the cryptocurrency asset that most appeals to you.
In the third step, you will personalize your purchase and then place your order.
When you make deposits through a bank transfer, Currency.com will not charge you a single penny in transaction fees. The very first deposit that you make using a bank card is also free, but you will be charged a commission of 3.5 percent if you use a Mastercard or Visa card. The exchange supports both cryptocurrency and traditional currency deposits, and it offers a variety of payment and withdrawal methods for traditional currency users. The depositing of cryptocurrency is absolutely free, and there is no upper limit on the amount that may be deposited. There are, however, minimum deposit and withdrawal amounts, as well as fees associated with withdrawals.
In the event that you have any crypto currencies stored in an external
wallet, you will be able to deposit them to Currency.com by following the
methods outlined below.
You may pick the wallet you wish to deposit from by going to the wallets page or the deposits page and making your choice there.
Make a copy of the wallet address and paste it into the "destination wallet" field of your external wallet.
You will need to confirm the transaction on your external wallet after you have specified the amount of coins you wish to send there.
You may also remove cryptocurrency from Currency.com in the following ways:
Go to the wallet from which you wish to withdraw money, and then click the icon labeled "Withdraw."
Make a copy of the wallet's destination address (an external wallet).
You will then be prompted to enter the quantity of coins that you wish to withdraw and confirm the transaction.
Currency.com allows users to make deposits and withdrawals in one of six different fiat currencies; however, users may only withdraw funds to a bank account, bank card, or cryptocurrency wallet. The United States Dollar (USD), the Euro (EUR), the Belarusian Ruble (BYN), the Russian Ruble (RUB), and the British Pound Sterling are some of the fiat currencies that are accepted (GBP). However, the charge structures fluctuate from one fiat currency and one payment method to another. The fees and minimum deposits, on the other hand, stay the same when using the USD, EUR, or GBP. Additionally, the cost structures that are applied to individual traders are distinct from those that are applied to legal companies by the exchange.
The processing time for cryptocurrency deposits made through Currency.com is often under a minute. However, the timeframes might be different based on the amount being transferred as well as the confirmations that are related with it. For example, Bitcoin deposits must go through 2 confirmations whereas Ethereum deposits must go through 12 confirmations. If the quantity of the deposit is greater, there is a possibility that the number of confirmations will also increase. Due to the inherent lag time involved with banking systems, it may be several days before the money from a deposit made through bank transfer appear in your account after the deposit was made.
Only bank cards, bank accounts, or cryptocurrency wallets may be used to make withdrawals, and the amount of time it takes for a request to be processed and sent to an external account varies depending on whatever method of withdrawal is chosen. On the other hand, the processing time for a request is typically around thirty minutes.
Processing times for cash withdrawals made with a bank card might range anywhere from a few minutes to twenty-four hours. After then, the time it takes for you to receive the cash from the issuing bank might be anything from a few to several business days.
Within Belarus, the process of getting funds into a bank account can take anywhere from one to two business days, whereas the process can take anywhere from one to five working days in other countries. The length of time it takes is wholly determined by how quickly the bank can handle the transaction. Please be aware that business days and working hours are the only times when bank transfers can be completed.
When compared to the other two withdrawal methods, sending funds to a cryptocurrency wallet completes the transaction far more quickly. The time it takes to complete the transfer might range anywhere from a few minutes to five hours. If you are using the online platform, you can check the progress of your withdrawal request on the 'Wallets' tab under the heading 'Withdrawals in Processing.' If you are using the mobile app, you can check the status of your withdrawal request on the 'Portfolio' tab under the heading 'Wallets.'
Currency.com offers its users a broad variety of concise video guides that
may be used to assist them in navigating the platform. Videos that explain how
to make deposits, how to track positions, how to contact support, how to start
short trades, and how to configure platforms are among the most popular types of
lessons that are now accessible. To access the videos, click on the symbol that
looks like settings, then look for them under the area labeled "Video
To put it another way, the tutorials offer the highest possible level of instructional support for users who are interested in learning how to carry out any activity or service that is provided by the exchange.
In addition, Currency.com offers 75 distinct types of technical charts, in addition to important trade information and news.
Currency.com's customer service is often ranked as one of the finest in the cryptocurrency business. To begin, the customer service staff may be reached by a variety of channels around the clock and around the clock. When a consumer contacts assistance through live chat or the phone, they almost always receive a response immediately. You may chat to them through a Live Chat, write them an email, or call them up to get in touch with them. They may also be reached and contacted through other social media sites, such as Facebook, WhatsApp, Viber, and Telegram, amongst others. The postal address may be found on the Currency.com website, which is accessible in ten distinct languages, including English, Russian, Indonesian, Spanish, Portuguese, Vietnamese, Korean, Malaysian, Thai, and Chinese. You can also visit the website in any of these languages.
What Are People Talking About When They Talk About Currency.com on Reddit?
Currency.com appears to have received a significant amount of upvotes on Reddit, with people noticing the rapid surge in the number of registered individuals worldwide associated with the exchange. According to one article that has received 80 percent of the upvote, Currency.com has seen a 130 percent growth in the number of customers from all over the world during the first half of 2021. The community of users on Reddit gets together to discuss the astonishing increase in customer traffic. According to one of them, the increase in numbers should not come as a surprise because Currency.com is a legal cryptocurrency exchange that does not have any problems.
The users appear to ascribe the development in the client base of the site to the legislation that has been implemented. Another Redditor admits that she never imagined there would come a time when regulated exchanges would have an advantage over unregulated exchanges. In response, one user notes that law brings trust in the forum, which translates into growth. At the same time, another user notes that she never thought there would come a time when regulated exchanges would have an advantage over unregulated exchanges.
On the website Quora, what do people have to say about currency.com? Regarding the perspective of the Quora community on Currency.com, the evaluations that have been written about the exchange are rather positive. It appears that the reviewers are people who have first-hand experience using the platform and are thus qualified to provide recommendations to consumers interested in tokenized assets and cryptocurrencies.
On the platform, a query is asked with the intention of discovering the authenticity of Currency.com, and the exchange receives a response that provides a strong recommendation for it. The user openly acknowledges that trading on the forum is a great experience due to the multiple advantages that Currency.com offers over its rivals, and he or she highlights this fact in an honest manner. The user discusses the requirements of a new investor, such as having various queries on how to proceed with procedures like as depositing, withdrawal, fees, and platform security, and then concludes the response by stating that Currency.com is the place to go over all of these worries.
When the same person asks the same question about the authenticity of Currency.com once more, a different user chimes in to defend the platform. The user asserts that there is no doubt that Currency.com is a legitimate business. It is one of the few completely regulated exchanges in the world and the largest regulated digital assets marketplace in the Commonwealth of Independent States (CIS). The rest of the text goes on to clarify that Currency.com is highly regulated and operates in accordance with the laws of Belarus, which are considered to be among the most progressive in the world when it comes to governing cryptocurrencies. The user further mentions that it is a platform that has won awards for both its quickness and its ease of use during trading.
Is it safe to use Currency.com? Yes, investors may utilize Currency.com, which is a secure cryptocurrency exchange, to make investments in a broad variety of tools that are offered by the site. The exchange is subject to the most stringent scrutiny by the world's top jurisdiction holding the overall legal regulation of blockchain technology-based entities because it is regulated, authorized, and licensed by the High Technologies Park of Belarus, which means that the business is subject to the highest level of oversight possible.
Additionally, the login process, as well as trading, funding, and any activity that is carried out utilizing API credentials, are all protected by a two-factor authentication system. In the event that a customer loses access to their Currency.com account, they are able to use the 2FA channel, which functions as a form of master key. Email and documents that are supplied for the purpose of account verification are stored in a discrete system for the sake of security. In addition, high-level encryption is used, which renders all customer data and holdings tamper-proof.
When digital assets are transferred, they are immediately stored in a cold wallet. This is where the great bulk of the currencies held on Currency.com are kept. The remainder of the funds are stored in semi-cold wallets, which are located on secure computers that have high-level encryption and locked disks.
Currency.com offers a wide variety of tokenized assets in addition to cryptocurrencies and crypto crosses as investment options. Individuals have the ability to trade these assets on the market, just like they do with cryptocurrencies, and they face the same chances for profit or loss. The trader can make their purchase of the tokenized asset of their choice using either fiat cash or cryptocurrency, and the trade's leverage level can range anywhere from 1 to 100. The exchange will next attempt to fulfill the trader's orders by matching them with those of other customers.
The tokenized assets listed on Currency.com may be broken down into the following groups according to their respective characteristics:
Tokenized Bonds The ministry of finance of Belarus is responsible for issuing Tokenized Bonds that may be purchased on Currency.com.
Exchange-Traded Funds Currency.com offers a variety of exchange-traded funds, such as the SPDR Umbrella, for investors to choose from.
Indices—Currency.com gives users the opportunity to trade a variety of indices, including the NASDAQ100, S&P500, Dow Jones 30, CAC40, DAX30, FTSE CHINA 50, and FTSE100, amongst others.
Commodities and Shares: Currency.com makes tokenized shares of key indices like Amazon, Volkswagen, and Apple available to its customers. A wide variety of tokenized commodities, including but not limited to platinum, gold, silver, Brent crude oil, and oil, are also available for purchase on the market.
The tokenized assets that are traded on Currency.com are often backed by a blockchain that cannot be altered in any way. Each transaction will award you with a token that will move in tandem with the price of the underlying asset. This will enable you, as an investor, to profit from the price movement of the market without having to convert your cryptocurrency portfolio into traditional cash.
In addition to the program for private traders that was discussed previously in this evaluation, Currency.com also provides another program that is geared for commercial enterprises. It is quite similar to the referral program, but the business program involves the transfer of forty percent of all commissions that your customers will pay within a period of twenty-four months. In addition to that, the company provides its customers with a discount of 12% on trading commissions.
Currency.com Prime is a one-of-a-kind feature that was developed especially for advanced traders that have specific requirements. The component provides customised solutions that are specifically tailored to meet your requirements. It provides access to a variety of exclusive goods and services, including NFTs, Private tokens, life insurance, and lending and staking, as well as VIP White Glove Premium Services. Users that fall under this group further receive specialized prime brokerage and trading as well as premium advising services.
You are able to construct your own cryptocurrency trading environment by utilizing the Currency.com API capability. Users are able to contact Currency.com directly and build their applications with the infrastructure provided by Currency.com at the center.
The application programming interface (API) supports a wide variety of functionalities that make it possible for users to engage in automated trading and to enjoy a cutting-edge crypto trading experience. They are able to open accounts, have access to market data in real time, and conduct transactions while maintaining the best possible level of safety. It is the responsibility of the Swagger API documentation to assist you with the WebSocket API and REST in the creation of an environment for the design of apps with Currency.com, the management of accounts, and the prevention of fraud involving those accounts.
Currency.com provides assistance in locating and investing in business tokens that provide the greatest potential for profit. The procedure is quite quick and simple, and it does not involve any intermediaries. In addition, investors are eligible to receive periodic payouts on the interest that is accrued by the business tokens. In addition, token holders have the ability to resell their tokens in a secondary auction.
After doing this in-depth analysis, we feel confident in saying that Currency.com is among the most trustworthy cryptocurrency exchanges that are currently operational. It is a legitimate platform since it complies with KYC and AML, despite the fact that it is not regulated in many different jurisdictions. In addition, it makes use of top-tier security and encryption methods, which is an indication that the corporation has given attention to the matter of protecting investors. Typically, deposits are kept in offline cold storage wallets or in bank accounts that are completely distinct from the platform's activities.
The exchange is among the industry leaders in terms of the trading tools that are offered, in addition to the significant amounts of money that it invests in safety. It now includes over 2,000 traded assets and has plans to reach 10,000 in the next few years, making it a one-stop shop for all of your trading requirements involving digital assets. Using either the web-based trading platform or the trading app, you are able to trade a variety of assets whenever you choose within the supported jurisdiction. The costs and charges are comparable to those of other exchanges, and the exchange offers appealing programs that pay money back to investors and provide trading discounts. Currency.com will continue to be a force to be reckoned with in the cryptocurrency market as it expands its portfolio of tradable assets since it offers so many different trading opportunities and has an excellent customer service system.
In 2018, Currency.com became the first regulated exchange for the trading of
tokenized assets anywhere in the world. Customers come to Currency.com from more
than 183 different countries. Currency.com continues to demonstrate that it is a
trustworthy online exchange, particularly in the field of cryptocurrency
trading. Traders who are interested in investing in a diverse range of assets,
including cryptocurrencies, bonds, stocks, and currency indexes, will find this
an attractive choice.
Because Currency.com is not suitable for everyone, you should not hurry into opening an account with this cryptocurrency exchange before you have a thorough understanding of everything this exchange does for its customers as well as everything it does not provide for them. When you have finished reading this evaluation of Currency.com, you should be able to make an educated choice regarding whether or not you want to create an account with Currency.com.
Currency.com is a regulated exchange that offers a diverse selection of assets (including crypto), a low minimum deposit of only $5, 75+ technical indicators, an up-to-date trading platform, and it takes the necessary precautions to keep your money safe and secure. These are just some of the reasons why you should give Currency.com a try.
Negative aspects of Currency.com include the fact that it is governed by a single body and that it does not provide its services to customers located in the United States. In addition, the tokenized assets it offers may be subject to a certain level of risk.
There is still significant debate within the business over the legitimacy of the exchange known as Currency.com. Others believe that there are a few limitations and hazards associated with it, while others say that it presents an exceptional chance to trade a broad variety of assets with a minimal minimum deposit. Therefore, before you can pick which camp you fall into, you need to familiarize yourself with the fundamental benefits and drawbacks of Currency.com first.
Currency.com provides a straightforward and uncomplicated method for creating an account. If you are interested in opening a trading account with Currency.com, please proceed with the following steps:
Currency.com's homepage should now be open.
Select the "Sign Up" icon from the menu.
Please provide your email address, and you will be prompted to create a password shortly.
Please include both your nationality and the country in which you now reside.
Give us some information about yourself, such as your first and last name, your phone number, and the year you were born.
You are need to demonstrate your knowledge of blockchain technology if you are located in the Republic of Belarus.
You may select the currency you want to use for deposits, as well as how the list of tokenized assets is displayed.
At this time, you are able to make deposits of up to €1000, or €900 for clients living in Belarus, and you can trade for up to 15 days without submitting any documentation. In order to finish the verification process for your account, you will need to provide a proof of identification document as well as your residence address. After your account has been validated, you will receive a confirmation email.
You are provided with a wallet on Currency.com that corresponds to each of the cryptocurrencies that are supported by the exchange. In addition, the exchange provides you with supported fiat currency wallets such as US Dollars, Euros, British Pounds, and Russian Rubles. You may access your Currency.com wallets by clicking on the button labeled "Wallet."
You may also get to your wallets by clicking the 'Portfolio' option, which is located on the left side of the page. The ability to transfer suitable cryptocurrencies from external wallets is made possible by the use of wallet-to-wallet transfers. You also have the option of topping out your fiat wallets with bank transfers or credit/debit card payments.
Currency.com offers its customers a total of 87 different cryptocurrency trading pairs, which may be used for spot trading as well as contract trading. The agreement to buy or sell a product at a predetermined price at some point in the foreseeable future is known as contract trading or futures trading. The following is a list of cryptocurrencies that are available for trading in both types of exchanges through Currency.com:
The Uniswap Market for Snythetix (SNX) and Tether (USDT)
Currency.com offers up to 500x leverage, which is suitable for more
experienced cryptocurrency traders.
Currency.com is considered to be one of the most reputable companies in the business when it comes to the many types of investments. You may trade across a variety of investments by using its tokenized asset exchange, which it provides for your convenience. It presently provides customers with access to around 1,700 assets and has goals to provide clients with 10,000 assets in the future.
Currency.com claims its tokenized process as a key advantage that differentiates it from other businesses in its industry. Tokenized assets, in their view, are digital clones of original assets that are pegged to the exact same value as the actual ones. This view is supported by the fact that tokenized assets have become increasingly popular. It is able to replicate the behavior of the underlying asset in its entirety. These digital clones are imitations of various assets, such as equities, foreign currencies, commodities, and precious metals.
Keep in mind that tokenized asset traders do not really own the underlying asset class they are trading. The value of an asset that has been tokenized is equivalent to the value of another asset and is the same as the value of the underlying asset.
Currency.com's lightning-fast execution speeds and user-friendly trading environment make it an excellent choice for both inexperienced traders and seasoned investors alike. You can trade the supported pairs by depositing supported fiat currencies or pre-owned supported cryptocurrencies on the "Trade" tab of the website.
Currency.com considers its current portfolio of 1,700 assets to be its most valuable asset, with the long-term goal of expanding its portfolio to 10,000 assets. However, due to the inherent nature of those assets, traders may be reluctant to invest in them because of the possible risk associated. Currency.com is an exchange for cryptocurrencies as well as a tokenized asset. When you acquire tokenized equities, you do not actually receive a portion of ownership in the company.
Tokenized assets form the basis of Currency.com's whole business strategy, despite the fact that high authorities and regulators are not very fond of this approach. Therefore, you have to exercise extreme caution whenever you trade in tokenized assets with any exchange, including Currency.com.
Every type of financial investment, with the exception of cryptocurrencies, is subject to stringent regulation by organizations and governments all over the world. Given that higher authorities are against copying various categories of assets, this presents a significant challenge. The notion of disguising regulated assets as unregulated crypto tokens in order to circumvent trading limits is one that is frowned upon by the relevant authorities since it looks to be a sneaky way to do so. It is the shared goal of regulators, departments of the Treasury, and central banks to put a stop to abuses of this kind.
You may trade tokenized cryptocurrencies and fiat currencies, commodities, bonds, equities, and indices on the user-friendly trading platform that Currency.com provides to its customers. Even while the website is designed for more experienced traders, it does provide a demo account, which enables newcomers to practice trading with simulated capital before deciding whether or not to sign up for an actual account.
On the platform, you will have access to watchlists, you will be able to search for assets, and you will be able to search across established categories. The exchange offers real-time price charts in addition to a wide variety of additional features that are useful to traders. In addition to that, it has a segment on the most recent news.
You will get access to the most recent indications of technical analysis, price charts, and price movement comparison tools. These instruments If you have access to these tools, you can be assured that you will be ready to capitalize on price fluctuations whenever they occur.
All of this information may be accessed by downloading the Currency.com app for either Android or iOS.
Currency.com features a very appealing low minimum deposit requirement of only $5. Because there is such a low threshold for entering the market, traders of all experience levels are drawn to open accounts on the exchange.
Transfers from wallet to wallet are an option for customers who already have supported cryptocurrencies held in their Currency.com accounts. To transfer cryptocurrency that is already owned, follow the procedures below:
Launch the "Wallets" or "Deposits" page in your web browser.
Simply select the cryptocurrency wallet you wish to use to make a deposit by clicking the corresponding button.
You may either copy the address or scan the QR code and paste it into the external wallet.
You will need to go into your external wallet and enter the amount that you wish to transfer before you can finish the transaction.
Currency.com not only has a low minimum deposit, but it also has a low minimum withdrawal limit, which gives you greater flexibility in terms of withdrawing profits and determining how much tax to pay on those profits. When compared to other exchanges available on the market, the minimum amount required to withdraw funds from Currency.com is exceptionally cheap, set at just $100.
You are able to transfer bitcoin from your Currency.com wallets to any wallet that is compatible with external storage devices. In order to obtain access to your cryptocurrency, please proceed as follows:
Launch the 'Withdrawal' icon on your toolbar, then choose the wallet from which you wish to remove the cryptocurrency.
Simply copy and paste the address of the target wallet.
Put the amount, expressed in coins, that you wish to withdraw on the receipt.
Before proceeding with the transaction, double check that all of the information you provided is accurate. If any of the details are inaccurate, you risk permanently losing any cryptocurrency holdings you have.
The Hi-Tech Park ("HTP") of Belarus is the governing body that oversees and grants authorization for Currency.com. Currency.com makes it clear that ensuring customers' safety is their top priority. In order to provide evidence in support of their assertion, the website presents the following statement:
The Hi-Tech Park (HTP) of Belarus is the entity that has issued direct authorization and regulation to Currency.com. This indicates that we are subject to the most stringent inspection from the only jurisdiction in the world that has total legislative oversight of blockchain-based firms. It also indicates that the highest legal standards in the nation will be applied to the protection of your rights as an ICO participant.
However, despite the fact that the HTP has a robust technological foundation in Belarus, it does not have any kind of legal or regulatory standing outside of the nation. In addition, the only country that has controlled and allowed the exchange is Belarus, which is also the home country of Currency.com. Although it is not a member state of the European Union, Belarus maintains diplomatic and business relations with the EU. Currency.com makes no mention whatsoever of any plans to work together with the European Commission or any neighboring nations in order to develop uniform legislation pertaining to cryptocurrencies, and there is no indication that such plans even exist.
Aside from those drawbacks, it seems as though Currency.com has solid security standards and systems in place. You are required to utilize a two-factor authentication method each and every time you access the platform (TFA). You are required to first finish the know your customer (KYC) security process before you are allowed to make deposits using fiat money from a credit card or a bank. Currency.com will require you to undergo the same security process whenever you transfer bitcoin from one exchange to another or from one digital wallet to another.
The TFA screening process is triggered many times throughout the session, such as when logging in, depositing funds, or trading. Currency.com makes use of two more distinct methods of email encryption and verification in addition to its primary system. This is for the purpose of uploading documents in a safe manner and preventing any of your assets or personal information from being tampered with.
In addition to this, the exchange makes use of physical security measures. Currency.com claims that the servers are located in a faraway data center where they are secured by armed guards, retinal eye scans, and video surveillance. For reasons related to safety, money that has been saved cannot be lent, borrowed, or staked.
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In addition, any funds that you deposit on the platform will be moved to a cold wallet, which are encrypted computer hard drives that are not connected to the internet and so cannot be accessed by a crypto assault. This is in contrast to hot wallets, which can be accessed by such attacks. Currency.com claims that the coins kept in their "hot wallets" are used to preserve operational liquidity; however, they do not clarify who exactly supplies the liquidity in this case.
Currency.com maintains full reserves at all times in order to safeguard its customers from the risk of a bank run. At the exchange, no customer money is ever mixed up with the business money in the operational account.
The vast majority of Currency.com's customers will find the website's customer service to be helpful; the frequently asked questions (FAQs) section is comprehensive and contains responses to the vast majority of their inquiries. Currency.com, however, offers prompt phone and live chat services that you can rely on to solve any problem, even if the answers you're looking for aren't included on the website. You also have the option of sending them a request and then waiting to hear back from them.
The number to call is +447418353584.
Any trader will be persuaded to trade on Currency.com due to the platform's intuitive design and high level of use. The fact that this exchange provides users with access to a wide variety of assets, in addition to the stringent safety precautions it takes, is perhaps one of its strongest selling points. Currency.com is an excellent choice for seasoned traders located outside of the United States who prefer to have access to a diverse range of assets, do not mind tokenized assets, and do not wish to borrow funds. If you satisfy all of these requirements, then Currency.com is likely to be one of the most suitable choices available on the current market.
Currency.com is a good option for investors who are seeking for a platform on
which they may trade tokenized assets. The platform provides users with a
comprehensive list of tokenized products, many of which are regarded as being
among the very finest that are now accessible. The cryptocurrency broker
provides a platform that is accessible through a web browser that excels in both
fluidity and user friendliness. Even if there is no support for MT4 (MetaTrader
4), the firm has given sufficient care to offer a smooth functioning interface
and an easy-to-understand experience while trading cryptocurrencies.
This evaluation of Currency.com covers all the important aspects, allowing traders to make decisions more easily based on the information provided.
Currency.com is the world's first tokenized securities exchange, and it was established in 2018 in Minsk, Belarus. Three companies in Minsk are responsible for the exchange's regulation. Currency Com Bell LLC is the owner of the business (bearing registration number 193130368). In addition to those locations, the cryptocurrency trade also has offices in London and Gibraltar.
It provides its traders with the ability to purchase and sell more than two thousand tokenized assets, including traditional cryptocurrencies such as Bitcoin, Litecoin, and Ethereum, as well as major tokenized stock indexes, government bonds, and commodities.
The platform intends to investigate a wide variety of different tokenized trading instruments and provide more than 10,000 tokenized securities tied to a variety of asset classes, including the following:
The S&P 500, the Dow Jones 30, the Nasdaq 100, the US 100, the EU 50, and the FTSE 100 are the main tokenized indices in the world.
Tokenized shares of corporations including Tesla, Apple, Amazon, Netflix, Coca-Cola, and Google, as well as many more.
Commodities, including gold, silver, platinum, palladium, and natural gas, have been tokenized.
Tokenized government bonds are now priced at Belarus250 per USD.
Pairs of cryptocurrencies, including Bitcoin, Ethereum, and a variety of other major fiat currencies.
Currency.com: How Does It Work? Users need to be in possession of a reliable internet connection and a computer in order to make use of the platform. After completing the registration process and submitting the necessary fees on the exchange, they are able to function on the platform effectively.
Currency.com's Most Notable Attributes: The following essential capabilities are made available to consumers of this Currency.com review:
Innovative Market Place for Buying and Selling: Users have access to a sophisticated trading interface, and the platform also makes it possible to make deposits and withdrawals with ease. It is the first platform in the world to offer a web-based trading platform to users located in any region of the world, making it the world's first tokenized assets platform. The regulated marketplace is also compatible with mobile devices operating on both Android and iOS.
Comprehensive Inventory of Available Assets: It provides access to a vast assortment of assets, some of which include tokenized cryptocurrencies, shares, indices, government bonds, currency pairings, and commodities. Users are able to diversify their investment portfolios and make profitable returns from that location thanks to the extensive selection of assets that are available.
Low Required Initial Deposit: Another enticing characteristic of the cryptocurrency exchange that brings in investors from all around the world is the low required minimum deposit. The minimum deposit requirement of only $5 is significantly lower than the standard across all industries. In addition, the minimum withdrawal limit that is permitted on Currency.com is rather reasonable, since it enables users to withdraw cash with a balance of as little as $100. This is a significant benefit for consumers.
Trading Tools That Are Reliable: It provides some of the most sophisticated trading tools available, which have proven to be of great use to traders. The most recent price charts, price movement comparison tools, and technical analysis indicators are all shown on the website of the exchange. These features are designed to assist traders in profiting from fluctuations in the prices of underlying assets at any time.
Reliability: It was given a particular distinction all around the world, and the majority of the evaluations on Currency.com speak highly of the platform's dependability. In 2019, the Blockchain Life Awards forum conferred upon it the title of "Best Cryptocurrency Exchange CIS." The cryptocurrency trading platform received recognition from ADVFN in 2020 for its "Breakthrough in Cryptocurrency Trading" capabilities, which were made available to the platform's customers.
Currency.com's Compliance and Regulatory Affairs: The High Technology Park of Belarus is in charge of the regulation and authorization of Currency.com in accordance with Decree of the President of the Republic of Belarus No.8, which stipulates that the exchange was first established in Belarus. The Belarusian cryptocurrency market is served by a legitimate company called Currency.com, which is a legal corporation.
The fact that the platform is subject to regulation lends it an additional measure of legitimacy. Additionally, the tokenized assets exchange follows all of the Anti-Money Laundering (AML) and Know Your Customer (KYC) rules. The verification procedure that is carried out by the cryptocurrency exchange is likewise quite thorough. Before a user may begin trading on the platform, this function verifies that the platform has collected all relevant information about the user.
Registration Process of Currency.com: The process of registering for an account on Currency.com is rather simple. When visitors arrive at the homepage of the exchange, they have the option of selecting the "Exchange" button that is located in the upper right-hand corner, just below the navigation menu. Due to the fact that the High Tech Park of Belarus is in charge of regulating the platform and that Ernst & Young conducts regular audits, a comprehensive KYC procedure will be necessary here.
As a result, the registration process does not allow for any kind of cut-and-dry solution or workaround. To ensure the safety of its users' funds, the platform strictly adheres to all of the KYC and AML requirements that are currently in effect.
When a user clicks on the "Exchange" button, a page that is black in color will appear, prompting them to enter their email account and password. After that, users are required to click on the "Continue Registration" button, which will open the remaining portion of the registration page, which includes several required fields such as full name, current address, nationality or country of residence, and so on.
In the second phase, known as "Email Verification," the Currency.com team will send an activation link to the user's registered email account in order to verify the user's email address. The user's account will be activated after they click on the link within the email that was sent to them.
Following a successful email verification, customers are next needed to upload any government-issued IDs in order to complete the identity verification process.
Users are also need to provide a utility bill or other kind of address evidence in order to validate their accounts on the cryptocurrency exchange. After thoroughly checking over all of these particulars, Currency.com makes it possible for its consumers to engage in hassle-free trading on its site.
The cryptocurrency trading platform known as Currency.com is one of a kind since it enables users to trade not only cryptocurrencies but also other tokenized securities such as indices, commodities, bonds, equities, and other traditional forms of financial assets. This is how to make purchases using the platform that you have chosen.
Traders need to go to the Trading page on the website of the exchange before they may purchase assets through Currency.com. This page features several different choices, including Trade, Charts, Reports, Portfolio, and Referrals. When users want to purchase or sell assets, they need to click on the "Trade" button and then pick any market from the "Market" menu. For example, they may choose the "S&P 500," "Nasdaq 100," or "DAX," and then click on the "Buy" option.
Almost immediately after this, a window will open up according to the financial market that the customers have chosen, and it will reveal all of the facts associated to it, such as the trading commission, the availability of the wallet, and so on. You should store your cryptocurrency in one of the best crypto wallets you can find.
If traders want to place a limit order, they will have to select the option that says "Buy when the price is..." and then choose the entry price that they want for their order. The tab for the market order is the one that opens by default, and it enables users to buy the assets of their choice at the prices that are currently being offered on the market. At this point, customers may finally click on the green 'Place order' link that is located below the order page. This tab appears differently depending on the market the consumers select.
When a user purchases an asset using the Currency.com platform, the exchange's dashboard will immediately reflect this transaction and give the user the option to sell the asset.
In order to sell any asset, users need to click on the "Sell button," and then the screen that is seen below will appear.
Users are need to, once again, specify a limit in order to sell their assets at a particular price point. Once all the inputs are accurately entered, consumers may click on the red ‘Sell’ or ‘Place Order’ button to sell assets.
Clients of Curency.com are responsible for the payment of the following fees:
Currency.com's costs are very stable, coming in at 0.20 percent, regardless of whether the user is a creator or a taker of bitcoin. This is in contrast to the majority of cryptocurrency exchanges, which differentiate between fees for makers and fees for takers. It is also lower than the average for the worldwide industry, which has been 0.25 percent for a considerable amount of time.
Takers are subject to a fee of 0.075 percent when engaging in margin trading on Currency.com, whereas makers are compensated for their participation in the market with a rate of 0.025 percent. This is due to the fact that Currency.com facilitates leveraged trading, also known as margin trading, for digital currencies.
In addition, users who make their initial deposits using bank cards do not incur any fees; however, users who make subsequent deposits using bank cards will be subject to a deposit commission of 3.5 percent if they use Visa or Mastercard. Users who make deposits using bank transfers do not incur any fees.
Additionally, customers are required to make a minimum deposit of $10 if they plan to use Visa or MasterCard, and a minimum deposit of $50 if they plan to utilize a bank transfer. Nevertheless, there are no limits placed on deposits; nevertheless, when the total amount of a user's deposits hits $20,000 or its equivalent, they are legally compelled to demonstrate where the money came from. There is no fee associated with deposits of cryptocurrencies. Please go here in order to obtain further information on the structure of its exchange fees.
The following are the withdrawal fees that are imposed while using Currency.com:
For Visa: 2.4 percent plus $3; for Mastercard: 1.9 percent plus $3; for Bank Transfer: 2.4 percent plus $3 (Belarus residents)
- $8 For Bank Transfer (Non-Belarus residents)
- 0.15 percent (min $20, max $150)
The following fees are applicable when withdrawing cryptocurrency from an exchange or wallet:
For Bitcoin, the fee is 0.00005 BTC; for Ethereum, it is 0.01 ETH; for Litecoin, it is 0.04 Litecoin; for Bitcoin Cash, it is 0.015 BCH; for XRP, it is 20 XRP; for USDT, it is 3 USDT; and for other tokenized assets, it is 1.5 percent (min 0.02)
Currency.com allows customers to make deposits using both credit cards and wire transfers (VISA and Mastercard). The minimum amount that may be deposited with a credit card is ten dollars (USD), twenty-five dollars (BYN), ten euros (EUR), or seven hundred fifty rubles (RUB). When beginning their cryptocurrency trading careers on the Currency.com exchange, first-time crypto investors will find that the platform's support for deposits in fiat Currency to be of great assistance.
The least amount that may be deposited is 0.002 Bitcoin or 0.03 Ether, regardless of whether the deposit is done using fiat currency or cryptocurrency.
Users must first navigate to the "Wallets" area of the website's top navigation menu in order to add funds to their accounts. This section is located in the top navigation menu of the exchange. Users of Currency.com have the ability to deposit both traditional currency and digital currencies into their accounts.
The method of making a withdrawal from Currency.com is likewise rather straightforward. Users will be required to conduct a bank transfer if they want to withdraw funds in fiat currencies from their accounts.
However, if they first deposited funds through a bank transfer, it is the only means available to them for taking out their winnings. As soon as they click on the "withdraw" option, they will be prompted to select their chosen currency before being allowed to complete the withdrawal process. The next step in the withdrawal process requires the user to select the "Go to Bank Transfer" option. When this is finished, the change to the user's account will take only a few minutes to become visible there.
Deposits of both traditional currencies (like dollars) and digital currencies (like bitcoin) can be made at Currency.com. Deposits of fiat cash, such as those made by wire transfers or credit cards, are subject to some costs, but deposits of cryptocurrency are completely fee-free.
Countries and Currencies That Are Supported by Currency.com
Currency.com serves customers from over 183 countries throughout the world, with a few notable outliers including the following nations and regions:
Countries such as Cambodia, the Democratic People's Republic of Korea, Ethiopia, and others are included.
Tokenized securities are, as the name suggests, those securities that are capable of being transformed into tokens that are based on blockchain technology. Tokenized securities are backed by other underlying assets such as commodities, government bonds, or other assets similar to those mentioned.
Tokenized securities are able to quickly undergo verification and may also be transferred without much difficulty. The holders of these securities are granted the exclusive right to purchase a certain proportion of those assets that cannot be divided.
On the Currency.com platform, security is regarded as one of the most important features. The platform has never had any problems with security breaches of any kind. According to the evaluation that is provided by Currency.com, the platform makes use of the security technology that is provided by a partner firm known as Capital.com.
At addition, the servers of the platform are kept in the LD4 data centers, which is a security platform that is utilized by top trading platforms such as Nasdaq, Dow Jones, and the London Stock Exchange. It provides its consumers with convenient access to a web-based proprietary trading platform for bitcoin transactions.
Despite the fact that the platform does not support MetaTrader 4 or MetaTrader 5 in its interface, it has been designed to an impressively high standard. Users are given the ability to see numerous charts as well as over 75 different technical indicators.
Additionally, 97 percent of the customers' money are kept in offline wallets, and the entire transaction process is secured using HTTPS protocol. Audits are carried out on a regular basis by Ernst and Young for the platform. In addition, Currency.com takes the security of its customers' personal information very seriously and has skilled employees on hand to implement military-grade encryption.
The platform provides its users with comprehensive customer care that is among the best available in the bitcoin market. The website of the firm has been developed in ten distinct languages, including the following: English, Spanish, Russian, Indonesian, Portuguese, Korean, Vietnamese, Malaysian, Chinese, and Thai. The technical support team is available by chat, phone call, email, or the website around the clock, seven days a week.
Additionally to this, the platform provides its users with referral and affiliate programs to participate in.
Therefore, it is a forward-thinking trading platform that bridges the gap between the contemporary market for cryptocurrencies and the traditional market for finance. It does this by enabling holders of cryptocurrencies to obtain exposure in traditional financial markets and vice versa. Currency.com is gaining a favorable reputation all over the world as a result of its reputation as the cryptocurrency exchange with the lowest costs and the provision of high-tech security features.
Is Currency.com a Reliable Website? Investors that are interested in buying, selling, and trading tokenized assets should consider this option as their top pick.
Why Should You Pick Currency.com Instead of Another Service? Traders are enticed to give Currency.com a try by the website's sophisticated features, which include minimal trading costs, leveraged trading, trading of tokenized assets, and so on.
How Safe Is the Currency.com Website? Due to the fact that it is a licensed exchange that follows the KYC and AML standards, it is a very secure form of trading.
Sites like Currency.com in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.