Currency.com Review 2022
Is Currency.com Safe & Legit?
If you are an avid crypto trader, then it’s time to rejoice. Our Currency.com review brings you a crypto exchange that has combined new-age digital assets with the opportunity to trade in traditional financial markets.
Currency.com focuses on offering trading in tokenized assets. With a range of crypto trading options, and the ability to avoid using fiat currency, this exchange has certainly managed to create an innovative and advanced online trading platform. Read on to find out more.
Certain brokers and online exchanges will offer new customer bonuses or incentives. These offers can be claimed once you create a valid account using the platform. At the time of writing though, our Currency.com review has not found any such offer. What we can tell you is that there is much to be experienced as a new customer on this platform. The exchange offers a seamless crypto investing experience complete with a huge selection of tokenized assets and the ability to trade regulated instruments directly with your digital assets.
Our Currency.com has come across a fantastic referral program. Here, all you need to do is refer a friend and ensure that your friend completes all the requirements. This includes signing up, depositing, and making a trade within 30 days. In the event that your referral ticks all the right boxes, you and your referral will be eligible for a crypto bonus of up to $100.
Creating an account with the platform, much like what you will note in our Nadex review, is quick and straightforward. You can visit the official site and complete the registration process in a matter of minutes – if not seconds. Bear in mind that you will need to upload an identification document after the fact so as to verify your identity.
Our Currency.com review feels the platform might be slightly overwhelming for novice traders. This is particularly true for the trading interface which has a raft of trading data on offer. For the professional trader, this will be well received. Having said this, we also feel that novice traders will find their feet within a reasonable amount of time. This is down to the fact that there are informative resources on offer which make the entire learning process that much easier.
The platform, and mobile app, is well equipped to facilitate a high volume of trades across the board. You will have access to a huge selection of digital and tokenized assets. With access to such a wide range of crypto trading assets and regulated financial products, you’ll find little reason to create an account with multiple brokers.
There are two different account types on offer. Our Currency.com review recommends that you sign up with an individual live account. It is completely free to create a trading account with Currenyc.com. If you are a business entity, then you can opt for the second account type which focuses on trading activities of corporations. Each of these accounts can be created without any real hassles. It must, however, be noted that corporate accounts will require comprehensive documentation of the entity in question. Inactivity fees are not applied to account holders that fail to access their accounts over a period of time. Thus, you needn’t only concern yourself with trading fees which we address in the next section.
If you are new to online trading, then we recommend you create an individual account and immediately switch to the demo account option. This will allow you to trade assets and utilize the platform without needing to fund your account. It enables you to gain the necessary knowledge of how the platform works before you start trading in real-world markets with the inherent risks that are associated with engaging in such activities.
Currency.com offers customers a proprietary trading platform that can be accessed via the web or on a mobile device. The crypto platform is a regulated crypto exchange that is available via your web browser. You needn’t download any software in order to access the trading platform. The crypto platform for mobile comes in the form of a mobile trading app which you can easily download on your device.
Both of these platforms enable you to trade tokenized assets with deep liquidity and an ever-expanding selection of crypto and fiat currency options. Our Currency.com review has found that there are 75 different technical indicators and a host of drawing tools. Not to mention the fact that there is a range of customizable chart styles so that your account is personalized and configured to your liking.
Instant deposits with zero percent fees means you’ll be up and running in no time. All that you need to do is decide on whether you’re looking to fund your account using fiat currency or crypto. If you decide on the former, then we recommend you use online card payments (Mastercard, Maestro, or Visa). You can deposit as little as $20 using one of five different currencies with unlimited maximum deposit amounts. If you decide to utilize bank transfers, please note that payments will take between 1 – 5 business days to clear. It’s also worth noting that residents in the USA cannot use this deposit method due to regulatory reasons.
Currency.com also accepts a wide range of crypto deposits. Take a look at the full list once you have a valid account. For instance, you can deposit a minimum of 0.0001 BTC. With an array of tokens on offer, we’re confident you will find a digital deposit option!
Withdrawals are possible using wire transfer, via your bank card, or to your personal cryptocurrency wallet. The minimum withdrawal amounts are capped at $10 for withdrawals to your bank and $50 for wire transfers. Crypto withdrawals will vary and are obviously dependent on which cryptocurrency you are using. Our Currency.com review advises you to double-check this before requesting a withdrawal online.
Fees – Associated costs of using Currency.com
There are always certain fees that you need to be aware of when you utilize a trading platform. These fees range from relevant trading and exchange fees to funding fees and overnight fees for funding. Bear in mind that fees will vary quite substantially depending on the actual asset in question.
There is a trading (leverage fee) of 0.06% which applies to BTC/USD, BTC/EUR, ETH/USD, ETH/EUR. If you trade in any other cryptos, the fee jumps to 0.075%. Tokenized assets do not have a trading fee. Thus, you can trade tokenized cryptocurrencies as well as commodities, indices, ETFs, and shares without incurring an additional charge on trades.
Our Currency.com review has also noted that funding fees for continuous leveraged trades and overnight funding fees apply. The former depends on the asset while the latter has a specific formula applied to the relevant trade in question.
Our Currency.com review, as is the case with our Robinhood review, would not be complete without assessing the support features of the platform. It is clear that Currency.com has taken the time to ensure that all customer complaints or issues are addressed as soon as possible. This is down to the highly-responsive 24/7 support team. You can get in touch with the team using one of several contact options.
Before you do this though, we recommend you take a look at the FAQ section. This section enables you to search for answers to most questions that apply to the Currency.com platform. You’ll be able to answer your own queries without hesitation. If this is not possible, then you can use the live chat feature. It is also possible to send a message to the support team using Viber, Telegram, and Facebook. Direct messages will be answered by a representative.
Our Currency.com review has double-checked the legitimacy of the platform in various territories across the globe. The exchange is registered with the U.S. Department of Treasury Financial Crimes Enforcement Network and is subject to the Bank Secrecy Act. Our Currency.com review would be remiss not to mention that this crypto exchange is not a registered member of the Financial Industry Regulatory Authority.
The exchange is fully-regulated in its home country but also meets regulatory requirements elsewhere. This includes being registered in Saint Vincent and the Grenadines and Gibraltar. It is fully compliant and implements KYC requirements while incorporating high-end crypto frameworks for business. The platform also ensures that anti-money laundering (AML) protocols are in place so as to avoid online Currency.com scams of all nature.
Take a look at how our ATC Brokers review compares to our latest Currency.com review. We feel that it is always good to have a wide perspective on how different trading platforms match up against one another.
Currency.com impresses in a number of aspects. The platform, which offers fiat-to-crypto payments at the blink of an eye, has gained global traction over the last couple of years. In 2020, the exchange released a report claiming it had experienced a 374% growth in its overall client base. This has been followed by its recent expansion into the US.
The fact that you are able to trade crypto directly for tokenized assets has had a massive impact on the appeal of this platform. At the core of their services, in addition to offering trading in crypto, is the interchangeable nature of the platform in allowing trading in crypto and regulated financial instruments such as commodities and shares. With two-step authentication on offer, you’ll be able to secure your own account and always have comprehensive oversight.
The inclusion of educational resources and intuitive trading tools has only served to boost the latest Currency.com review and rating of the platform. There are a number of different resources and trading videos that you can make use of. This includes being able to access market news, analysis, and historical data. It will empower you as an individual trader and ensure that you are able to broaden your knowledge base.
If you are looking to trade crypto, while being able to access standard instruments, then Currency.com is the platform to use. Our latest Currency.com review is delighted to announce that the exchange offers secure and reliable trading services with a high-end platform. With a range of trading resources, state-of-the-art online tools, and the inclusion of additional features such as a referral program, there is little that this platform does not offer. We feel that, in the event that you have an interest in traditional assets and what the future holds, then our Currency.com review recommends you give this platform a go.