Currency.com Review: Top Secure Exchange
Currency.com is an exchange that has a strong advantage in terms of security. The platform offers a complete list of encrypted services that are among the best available. This Currency.com review will introduce the main features to help traders make choices easily.
About Currency.com
Currency Com Limited is a private limited company incorporated in Gibraltar under company number 117543, with registered address at Madison Building, Midtown, Queensway, GX11 1AA, Gibraltar. Currency.com is a legal entity authorized to conduct its activities under Decree No. 8 of the President of the Republic of Belarus. This decree allows legal entities to provide services related to cryptocurrency platforms.
Pros and Cons
Pros
- Wide range of investable assets.
- Premium training information and trading charts.
- Real-time “spot” trading.
- Accept deposits in fiat and cryptocurrencies.
- Low minimum deposit.
- Traders can access leverage up to 1:20.
Cons
- No access for US residents.
- Trading fees are higher than some exchanges.
Who Is Currency.com Recommended For?
Currency.com is recommended for traders who like to make informed investment decisions, as this broker offers extensive trading material to its customers, such as more than 75 technical charts, instant price alerts, trading dictionaries, market news, and other features.
The Currency.com platform is also recommended for traders who are focused on cryptocurrencies. Currency.com offers more than 225 tradable assets to its clients and allows users to check the latest market prices, spreads, percentage changes in prices, and historical charts.
Services and Features
Trading
The exchange offers more than 100 of the most popular cryptocurrencies.
The tools provided on the Currency.com platform are extremely useful to traders. Currency.com provides its clients with the latest price charts, technical analysis indicators and price action comparison tools. Access to these tools ensures that traders are ready to take advantage of price movements at any time.
The interface allows users to review 75 technical indicators and multiple charts. Users also get instant price alerts and fast transaction processing, and the platform is compatible with Android and iOS.
Low Minimum Deposit
The low minimum deposit is another attractive feature of the crypto exchange that attracts investors worldwide. The minimum deposit of $20 is much lower than the industry average. Furthermore, the minimum withdrawal limit allowed on Currency.com is relatively decent, as it will enable customers to withdraw funds as low as $100.
Buy and Sell Cryptocurrencies
Currency.com is a unique crypto trading platform that allows users to trade cryptocurrencies and other tokenized securities like indices, commodities, bonds, stocks, and other traditional financial assets. Here is how to use the platform to buy these assets.
To Buy Assets
For buying assets on Currency.com, traders need first to visit the Trading page on the exchange’s website that displays many options like Trade, Charts, Reports, Portfolio, and Referrals. Users need to click on the ‘Trade’ icon for buying or selling assets and choose any market like S&P 500, Nasdaq 100, DAX, etc., from the Market menu and click on the “Buy” option.
Soon after this, a window will pop up according to the financial market chosen by the users, and it will display all the details related to it like the trading commission, availability of the wallet, etc. Choose the best crypto wallets for storing your cryptocurrencies.
The tab that opens by default is the market order, which allows users to buy their preferred assets at the current market prices; if traders wish to place a limit order, they will have to select the option, “Buy when the price is…” and select their preferred entry price. Finally, depending on the market the users choose, they can now click on the green ‘Place order’ tab below the order page.
To Sell Assets
Once an asset is bought on the Currency.com platform, the exchange’s dashboard will reflect it and allow users to sell them. Users need to click on the ‘Sell button,’ and the following screen will appear to sell any asset.
Once again, users need to set a limit to sell the assets at a specific price point. Once all the inputs are correctly entered, users can click on the red ‘Sell’ or ‘Place Order’ button to sell assets.
Withdrawal & Deposit
Currency.com accepts deposits via both wire transfer and credit cards (VISA and Mastercard). The minimum deposit amount in credit card deposits is USD -10, BYN -25, EUR -10, or RUB -750. The allowance of fiat Currency deposits proves very beneficial for first-time crypto investors to start their crypto trading career at the Currency.com exchange.
Whether the deposit is made via fiat Currency or cryptocurrency, the minimum deposit is 0.002 BTC or 0.03 ETH.
For depositing funds into their accounts, users first need to visit the “Wallets” section on the top navigation menu of the exchange’s website. Currency.com allows its users to deposit both fiat currencies as well as for cryptocurrencies.
The withdrawal process at Currency.com is also pretty simple. If users intend to withdraw funds in fiat currencies, they will have to use a bank transfer.
However, if they have used a bank transfer as their deposit method, they also use the same to withdraw. As soon as they click on the “withdraw” button, they will be asked to specify the preferred Currency that they want to withdraw. Next, they need to click on the “Go to Bank Transfer” tab to withdraw. Once this is done, it will take only a few minutes to reflect in the user’s account.
Customer Service
The platform offers robust customer support for its users, among the best in the cryptocurrency industry. The company’s website is designed in 10 different languages, including English, Spanish, Russian, Indonesian, Portuguese, Korean, Vietnamese, Malaysian, Chinese, and Thai. The technical support team can be reached 24/7 via chat, phone call, email, or the website.
Apart from this, the platform also offers referral and affiliate programs to its users.
Fees & Commission
Curency.com charges the following fees from its clients.
Trading Fees
Unlike most cryptocurrency exchanges that discriminate between maker and taker fees, Currency.com charges relatively flat fees of 0.20% for both the makers and the takers. It is also below the global industry average that has been 0.25% for a very long time.
As Currency.com supports leveraged trading or margin trading of cryptocurrencies, a separate fee structure for margin trading is different for the takers and the makers; the taker fees are charged at 0.075%, whereas makers get paid to trade at 0.025%.
Moreover, first-time deposits via bank cards are free, while for the subsequent bank card deposits, users will be charged a deposit commission at the rate of 3.5% if Visa or Mastercard are used; bank transfers are free.
There is also a minimum deposit requirement of $10 if users intend to use Visa or MasterCard and $50 if they use a bank transfer. However, there are no limitations for deposits, but when the deposit amount reaches $20,000 or equivalent, users are mandatorily required to show a source of funds. Cryptocurrency deposits are free of charge. To get more detail about its exchange fee structure, click here.
Withdrawal Fees
The withdrawal fees at Currency.com are charged as follows:-
- For Visa: 2.4% + $3
- For Mastercard: 1.9% + $3
- For Bank Transfer (Belarus residents): $8
- For Bank Transfer (Non-Belarus residents): 0.15% (min $20, max $150)
For withdrawing cryptocurrencies, the following commissions are charged:-
- For BTC: 0.0005 BTC
- For ETH: 0.01 ETH
- For LTC: 0.04 LTC
- For BCH: 0.015 BCH
- For XRP: 20 XRP
- For USDT: 3 USDT
- For other tokenized assets: 1.5% (min 0.02)
Compliance & Regulation
Currency.com is regulated by the Gibraltar Financial Services Commission. The platform maintains client funds in separate accounts, but these accounts are not insured. However, there is a strong focus on complying with all Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
The verification process at Currency.com is robust and ensures that all vital information is collected before the user can begin to trade on the platform. The platform also protects its users from negative balances and guarantees stop losses.
What could be improved
No access for U.S. investors
Currency.com is inaccessible to U.S. investors, but is available in 183 other countries. The exchange platform was founded and is headquartered in Belarus. Belarus was part of the Soviet Union for most of the 20th century. Many autocratic policies remain, though Belarus declared its independence in 1991. It’s possible the ban against U.S. residents is a holdover from decades of political tension.
Centralized regulatory body is the government of Belarus
When regulation of the cryptocurrency space is on the way, and it’s needed in some respects — the Currency.com model is not the best way to go. Currency.com is authorized and regulated only by its home country of Belarus, in Eastern Europe. While Belarus has diplomatic and economic relations with the European Union, it is not an EU member country. There is no mention on Currency.com of plans to cooperate with the EC or neighboring countries to develop unified crypto regulations.
Doesn’t offer lending or borrowing against stored funds
More and more crypto exchanges offer lending services. This is especially true with the explosive growth of decentralized finance (DeFi). As of this writing, the exchange does not offer lending or borrowing.
Conclusion – Currency.com Review
Above are the sharing of the basic features of the Currency.com cryptocurrency exchange that traders should know before choosing to use.
In general, Currency.com is an exchange with quite a full range of services available for traders and various assets for investors. However, the exchange also has certain limitations for US users and lacks the function of lending, borrowing, and depositing properties.
I hope the article is helpful to you. Please leave any contributions in the comments section to make our writing better.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Author
Other Reviews
Currency.com Review: Top Secure Exchange
Currency.com is an exchange that has a strong advantage in terms of security. The platform offers a complete list of encrypted services that are among the best available. This Currency.com review will introduce the main features to help traders make choices easily.
About Currency.com
Currency Com Limited is a private limited company incorporated in Gibraltar under company number 117543, with registered address at Madison Building, Midtown, Queensway, GX11 1AA, Gibraltar. Currency.com is a legal entity authorized to conduct its activities under Decree No. 8 of the President of the Republic of Belarus. This decree allows legal entities to provide services related to cryptocurrency platforms.
Pros and Cons
Pros
- Wide range of investable assets.
- Premium training information and trading charts.
- Real-time “spot” trading.
- Accept deposits in fiat and cryptocurrencies.
- Low minimum deposit.
- Traders can access leverage up to 1:20.
Cons
- No access for US residents.
- Trading fees are higher than some exchanges.
Who Is Currency.com Recommended For?
Currency.com is recommended for traders who like to make informed investment decisions, as this broker offers extensive trading material to its customers, such as more than 75 technical charts, instant price alerts, trading dictionaries, market news, and other features.
The Currency.com platform is also recommended for traders who are focused on cryptocurrencies. Currency.com offers more than 225 tradable assets to its clients and allows users to check the latest market prices, spreads, percentage changes in prices, and historical charts.
Services and Features
Trading
The exchange offers more than 100 of the most popular cryptocurrencies.
The tools provided on the Currency.com platform are extremely useful to traders. Currency.com provides its clients with the latest price charts, technical analysis indicators and price action comparison tools. Access to these tools ensures that traders are ready to take advantage of price movements at any time.
The interface allows users to review 75 technical indicators and multiple charts. Users also get instant price alerts and fast transaction processing, and the platform is compatible with Android and iOS.
Low Minimum Deposit
The low minimum deposit is another attractive feature of the crypto exchange that attracts investors worldwide. The minimum deposit of $20 is much lower than the industry average. Furthermore, the minimum withdrawal limit allowed on Currency.com is relatively decent, as it will enable customers to withdraw funds as low as $100.
Buy and Sell Cryptocurrencies
Currency.com is a unique crypto trading platform that allows users to trade cryptocurrencies and other tokenized securities like indices, commodities, bonds, stocks, and other traditional financial assets. Here is how to use the platform to buy these assets.
To Buy Assets
For buying assets on Currency.com, traders need first to visit the Trading page on the exchange’s website that displays many options like Trade, Charts, Reports, Portfolio, and Referrals. Users need to click on the ‘Trade’ icon for buying or selling assets and choose any market like S&P 500, Nasdaq 100, DAX, etc., from the Market menu and click on the “Buy” option.
Soon after this, a window will pop up according to the financial market chosen by the users, and it will display all the details related to it like the trading commission, availability of the wallet, etc. Choose the best crypto wallets for storing your cryptocurrencies.
The tab that opens by default is the market order, which allows users to buy their preferred assets at the current market prices; if traders wish to place a limit order, they will have to select the option, “Buy when the price is…” and select their preferred entry price. Finally, depending on the market the users choose, they can now click on the green ‘Place order’ tab below the order page.
To Sell Assets
Once an asset is bought on the Currency.com platform, the exchange’s dashboard will reflect it and allow users to sell them. Users need to click on the ‘Sell button,’ and the following screen will appear to sell any asset.
Once again, users need to set a limit to sell the assets at a specific price point. Once all the inputs are correctly entered, users can click on the red ‘Sell’ or ‘Place Order’ button to sell assets.
Withdrawal & Deposit
Currency.com accepts deposits via both wire transfer and credit cards (VISA and Mastercard). The minimum deposit amount in credit card deposits is USD -10, BYN -25, EUR -10, or RUB -750. The allowance of fiat Currency deposits proves very beneficial for first-time crypto investors to start their crypto trading career at the Currency.com exchange.
Whether the deposit is made via fiat Currency or cryptocurrency, the minimum deposit is 0.002 BTC or 0.03 ETH.
For depositing funds into their accounts, users first need to visit the “Wallets” section on the top navigation menu of the exchange’s website. Currency.com allows its users to deposit both fiat currencies as well as for cryptocurrencies.
The withdrawal process at Currency.com is also pretty simple. If users intend to withdraw funds in fiat currencies, they will have to use a bank transfer.
However, if they have used a bank transfer as their deposit method, they also use the same to withdraw. As soon as they click on the “withdraw” button, they will be asked to specify the preferred Currency that they want to withdraw. Next, they need to click on the “Go to Bank Transfer” tab to withdraw. Once this is done, it will take only a few minutes to reflect in the user’s account.
Customer Service
The platform offers robust customer support for its users, among the best in the cryptocurrency industry. The company’s website is designed in 10 different languages, including English, Spanish, Russian, Indonesian, Portuguese, Korean, Vietnamese, Malaysian, Chinese, and Thai. The technical support team can be reached 24/7 via chat, phone call, email, or the website.
Apart from this, the platform also offers referral and affiliate programs to its users.
Fees & Commission
Curency.com charges the following fees from its clients.
Trading Fees
Unlike most cryptocurrency exchanges that discriminate between maker and taker fees, Currency.com charges relatively flat fees of 0.20% for both the makers and the takers. It is also below the global industry average that has been 0.25% for a very long time.
As Currency.com supports leveraged trading or margin trading of cryptocurrencies, a separate fee structure for margin trading is different for the takers and the makers; the taker fees are charged at 0.075%, whereas makers get paid to trade at 0.025%.
Moreover, first-time deposits via bank cards are free, while for the subsequent bank card deposits, users will be charged a deposit commission at the rate of 3.5% if Visa or Mastercard are used; bank transfers are free.
There is also a minimum deposit requirement of $10 if users intend to use Visa or MasterCard and $50 if they use a bank transfer. However, there are no limitations for deposits, but when the deposit amount reaches $20,000 or equivalent, users are mandatorily required to show a source of funds. Cryptocurrency deposits are free of charge. To get more detail about its exchange fee structure, click here.
Withdrawal Fees
The withdrawal fees at Currency.com are charged as follows:-
- For Visa: 2.4% + $3
- For Mastercard: 1.9% + $3
- For Bank Transfer (Belarus residents): $8
- For Bank Transfer (Non-Belarus residents): 0.15% (min $20, max $150)
For withdrawing cryptocurrencies, the following commissions are charged:-
- For BTC: 0.0005 BTC
- For ETH: 0.01 ETH
- For LTC: 0.04 LTC
- For BCH: 0.015 BCH
- For XRP: 20 XRP
- For USDT: 3 USDT
- For other tokenized assets: 1.5% (min 0.02)
Compliance & Regulation
Currency.com is regulated by the Gibraltar Financial Services Commission. The platform maintains client funds in separate accounts, but these accounts are not insured. However, there is a strong focus on complying with all Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
The verification process at Currency.com is robust and ensures that all vital information is collected before the user can begin to trade on the platform. The platform also protects its users from negative balances and guarantees stop losses.
What could be improved
No access for U.S. investors
Currency.com is inaccessible to U.S. investors, but is available in 183 other countries. The exchange platform was founded and is headquartered in Belarus. Belarus was part of the Soviet Union for most of the 20th century. Many autocratic policies remain, though Belarus declared its independence in 1991. It’s possible the ban against U.S. residents is a holdover from decades of political tension.
Centralized regulatory body is the government of Belarus
When regulation of the cryptocurrency space is on the way, and it’s needed in some respects — the Currency.com model is not the best way to go. Currency.com is authorized and regulated only by its home country of Belarus, in Eastern Europe. While Belarus has diplomatic and economic relations with the European Union, it is not an EU member country. There is no mention on Currency.com of plans to cooperate with the EC or neighboring countries to develop unified crypto regulations.
Doesn’t offer lending or borrowing against stored funds
More and more crypto exchanges offer lending services. This is especially true with the explosive growth of decentralized finance (DeFi). As of this writing, the exchange does not offer lending or borrowing.
Conclusion – Currency.com Review
Above are the sharing of the basic features of the Currency.com cryptocurrency exchange that traders should know before choosing to use.
In general, Currency.com is an exchange with quite a full range of services available for traders and various assets for investors. However, the exchange also has certain limitations for US users and lacks the function of lending, borrowing, and depositing properties.
I hope the article is helpful to you. Please leave any contributions in the comments section to make our writing better.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Foxy
Coincu News
Other Posts
Related Posts
