Currency.com Review: Is The Platform Really Secure and Reliable?

Every trader in the market is often faced with the problem of finding a reliable and secured trading platform. This might seem absurd as there are thousands of online trading platforms that one can easily sign up with. However, the keywords there are “secure” and “reliable.”

For cryptocurrency traders, it is especially difficult to find an exchange that can guarantee safe access to several other markets without having to go through a series of processes that are both time-consuming and expensive. It appears to be for this purpose that Currency.com was created.

This Currency.com review will give an insight into the services that this company has to offer and why clients can be assured that their investments are safe with it. First, let us find out more about this platform. 

All You Need To Know About Currency.com 

Currency.com is an exchange company launched in the early period of 2019. The firm 

Is incorporated in Minsk Belarus, and is owned and operated by Currency.com BCL LLC. Currency.com has two offices that are located in London, and Gibraltar and there are more than a hundred professional staff who are working very hard every day with one goal in mind, and that is to achieve the objectives of the company.

The major purpose of creating Currency.com was to help in advancing the perspectives of individuals in the cryptocurrency market and to bridge the continuously widening gap between the conventional financial market and the digitized cryptocurrency market.

The Currency.com trading platform not only functions as a cryptocurrency exchange but also an avenue through which clients can trade on a variety of tokenized securities. Tokenized securities refer to traditional financial assets such as shares, bonds, and many more, which have been converted into cryptocurrencies.

Currency.com alludes to being the very first regulated tokenized securities exchange in the world. Presently, Currency.com has more than 1,300 tokenized assets that are available for clients to trade on, 10,000 tokenized assets that have been set aside to be used for future projects, and just in 2019 alone had about 37,000 mobile installs of its mobile trading app.

Additionally, clients can be able to trade on all these assets including shares, commodities, indices, cryptocurrencies, and various currency pairs using crypto without having to convert it to fiat. The ability to trade on both cryptocurrency and fiat currency at the same time makes it very fast and convenient for clients.

Notwithstanding the relatively short amount of time that the company has been in existence, it has been able to carve a niche for itself in both the crypto market and the conventional financial market as well. Currency.com also claims that it has a lot of experience that clients can bask on.

The Currency.com trading platform has an intuitive and user-friendly interface that is serving the needs of its clients. The platform has a wide variety of trading tools that are used by thousands of its clients in addition to a trade matching speed of 50 million per second.

Now, let us examine just a few of the unique features that this trading platform has to offer.

Regulation:

A lot of online trading platforms are created by scammers who wish to use that medium to defraud innocent investors so it is extremely risky to trade with one that is not regulated.

For this reason, Currency.com goes to the highest extent possible to maintain a very high level of transparency. The trading platform is strictly regulated and authorized by the Hi-Tech Park (HTP) of Belarus. 

This regulatory body contributed greatly to the development of IT projects and it is one of the world’s strictest blockchain regulatory bodies. Users of the Currency.com trading platform receive the protection and also enjoy the benefits that come as a result of being protected by this regulatory watchdog.

Security:

When making use of online trading platforms, the importance of security can never be overemphasized. Once a trader chooses an online trading platform that is not very keen on matters of security, the trader risks losing so many things.

Currency.com has put so many security measures in place to ensure the safety of clients’ funds, personal information, and digital assets.

In terms of clients’ funds, the trading platform claims that it stores every money that its clients deposit into their trading account in a bank account that is different from the operations account and that these funds can never be borrowed by the company or even lent out no matter the situation.

Currency.com assures cryptocurrency traders who are making use of its trading platform that their coins are in safe hands. Allegedly, apart from coins that are used by the exchange to maintain operational liquidity, which is stored in hot wallets, the company stores a vast majority of the coins in cold wallets that are highly secured. A limited number of coins are also stored in semi-cold wallets which are highly encrypted. Every one of these wallets is highly encrypted.

Clients’ accounts are designed in such a way that they are the only ones that have access to it. Currency.com has enabled the best two-factor authentication on every aspect of its platforms such as funding, trading, login, and every other action that is carried out using the API keys. It also makes provision for enabling a separate two-factor authentication, which is dubbed the “Master Key”, and this will grant its clients access to their accounts if they lose it.

The trading platform also ensures that it uses the best encryption in the world, which is the Pretty-Good-Privacy (PGP) and the GNU Privacy Guard (GPG), to verify and encrypt emails. This discrete system makes it impossible for clients’ accounts to be tampered with.

Additionally, Currency.com has an up-to-date Anti-money Laundering (AML) policy and Know Your Customer (KYC) compliance that is put in place to accurately verify the identity of each client and prevent cases of money laundering.

The trading platform also has thoroughly vetted staff with strict approval protocol for data processing. The activities of the company are audited by a ” Big-four” accounting firm at least once a year.

Currency.com is apparently a trading platform that goes to great lengths to ensure that its clients trade in the safest environment possible.

Tokenized Trading:

Currency.com is very popular for its tokenized assets. The company has more than 1,300 available tokenized assets that its clients can trade on. These assets are grouped into different categories, allowing traders to diversify their portfolio and trade as many assets as possible.

Let us take a look at the tokenized assets that this trading platform has to offer.

Tokenized Shares:

Currency.com allows clients to trade on the shares of many top companies all over the world including Tesla, Microsoft, Google, Twitter, and many more.

Tokenized Indices

The company allows traders to become active participants of the financial market by trading on some of the world’s top indices such as the S&P 500, FTSE 100, and more.

Tokenized Currency Pairs:

Currency.com grants its clients access to the world’s largest financial market, Forex. The company gives clients the opportunity of trading on various currency pairs including EUR/USD, GBP/USD, USD/CAD, and others.

Tokenized Government Bonds:

With Currency.com platform, clients can be able to trade on tokenized government bonds. These are debt instruments issued by the government to finance short-term and long-term spending. The tokenized government bonds available for trade on the Currency.com trading platform include the Belarus252/USD.

Tokenized Commodities:

Clients can also be able to take part in the commodities market where they can buy and sell some of the world’s leading commodities such as gold, crude oil, natural gas, cocoa, and many more.

Cryptocurrencies:

Currency.com provides clients with a wide range of cryptocurrencies that they can choose from including Bitcoin, Litecoin, Ripple, Ethereum, and many more.

The company claims that its clients can trade on all these assets without even having to convert their cryptocurrencies to fiat.

Leverage Trading:

At Currency.com, clients are allowed to trade in any market with very high leverage plans. Leveraged trading allows traders to take certain positions in the market that they would not have been able to take otherwise. 

Leveraged trading enables traders to maximize their profits even if they have little investment capital to trade with. Currency.com provides its clients with a variety of leveraged trading packages that they can choose from, depending on their risk tolerance and the market they are trading in. The leveraged trading packages include: 

  • Up to 20x leverage for tokenized stock.
  • Up to 100x leverage for tokenized indices.
  • Up to 100x leverage for tokenized commodities.
  • Up to 10x leverage for cryptocurrencies

It is very important to note that leverage trading is very risky, so clients are informed of the need to trade cautiously.

Win-Win Referral Program:

What is more exciting than making huge sums of money for just referring other people to the company. When trading on the Currency.com platform, clients do not need to rely on just the profits they make from their trades as there are other means of making money while trading the Currency.com referral program is one of them.

The company claims that its referral program is a win-win package where clients can get as much as 50 percent commission on the trading fees of everyone who uses their referral link to sign up to the Currency.com trading platform for as long as six months. Once the verification process of the person’s account is completed, they can enjoy these bonuses that will be sent to them.

Interestingly, the package is also extended to the invitees as the client will not be the only one enjoying the benefits of this referral program. The person referred to the exchange also has the opportunity of receiving up to 10 percent discount on trading commissions for about three months.

In order to benefit from this package, clients can register with Currency.com, possibly through a referral link to get their 10 percent trading discount. Afterward, they can share their referral link to their friends and family members.

User-friendly Platform :

The Currency.com cryptocurrency trading platform is very user-friendly and it has an intuitive interface that allows its clients to navigate easily, making trading easier and faster. 

Several trading tools are made available at strategic places for clients to make use of in their day-to-day trading activities. Some of these trading tools include advanced charting tools, stop loss, profit level setup, negative balance levels, and many more.

The company has made it even more convenient for its client to actively participate in the market irrespective of where they are by developing the app version of the Currency.com trading platform. This app has every feature that can be found in the desktop version of the platform such as push-notifications of price changes, built-in chat with the support center, rate chart, and a wide variety of languages that clients can choose from.

The Currency.com app is currently available for downloads on Android and iOS-enabled devices.

Conclusion:

It is a fact that Currency.com is a relatively new exchange in the market amidst the thousands of available online trading platforms. However, it has been able to prove that it is experienced enough to guide its clients in every trading decision that they need to make.

Every trader venturing into the financial market needs a trading platform that is secure, transparent and has every trading tool needed to succeed in the market. Currency.com provides traders with all these and more

Therefore, whether the client is a new trader who is trying to venture into the market but knows little to nothing about how the financial market works or experienced traders in the market looking for a trading platform that can help them gain the most out of their investments, Currency.com promises to provide its clients with the best trading experience 

Related Articles