Is Currency.com the Right Choice?

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Currency.com review

Currency.com is one of the first regulated cryptoexchanges for cryptocurrencies and tokenised assets. In this article, we will look at the main advantages of this cryptoexchange and tell you why you should choose it.

Comprehensive Review of Currency.com

The exponential growth of the cryptocurrency market has brought forward a large number of cryptoexchanges. This overabundance of choice can make it challenging to pick the right one for you. And choosing your go-to platform for investing in cryptocurrencies is essential for a frictionless and streamlined experience.

A reliable cryptocurrency cryptoexchange should cover a variety of factors, including security, usability, choice of cryptocurrencies, and regional regulatory issues, among others. In this Currency.com review, we have a look at whether this cryptoexchange checks all of these boxes, and any additional advantages it brings to traders using its platform.

General info About Currency.com

To get started, let’s have a quick look at some general information about the platform, and its founders. In 2019, Viktor Prokopenya founded Currency.com as an answer to lingering problems in the cryptocurrency industry. The platform’s goal was to homogenise the crypto and tokenised asset industry. It did this by providing its users a platform where they could exchange tokenised equities, commodities and cryptocurrencies – all in one place.

The result is a regulated cryptocurrency and tokenised asset cryptoexchange, with offices in the US, Poland, Ukraine and Gibraltar. The platform offers a variety of tokenised assets such as tokenised commodities, equities, stock indicesand bonds. Moreover, it has an open market for cryptocurrencies, with hundreds of tokens available, and offers leverage trading in addition to spot.

Distinctive Features of Currency.com

Currency.com stands out from its competitors with numerous features. However, perhaps two of the most noteworthy ones are its regulated status and its tokenised assets offering, in addition to cryptocurrencies.

First and foremost, the cryptoexchange is regulated by Belorussian legislation that allows Currency.com to be fully operational globally, covering more than 180 countries. However, there is a caveat: the platform does not offer its services to US residents.

Second, Currency.com can offer more than 2,000 tokenised assets and cryptocurrencies in an all-in-one trading platform. This means that users do not have to leave the cryptocurrency ecosystem to diversify their portfolios with tokenised commodities or stocks. It’s an incredible solution that adds a lot of versatility to your trading strategy and removes tedious and costly transfers to fiat currencies.

With that in mind, Currency.com has additional advantages for traders and investors, including:

  • A user-friendly interface that can accommodate both beginners and advanced traders. The interface itself is very easy to navigate as you can access various asset types through a couple of clicks. Moreover, the platform offers over 75 different trading indicators and charting tools, allowing you to set up advanced strategies.
  • A learning-focused platform, which includes a demo account that will help newcomers familiarise themselves with the ins and outs of the trading platform before they start trading with real money. Moreover, Currency.com offers a large number of tutorials and guides, both written and in video form, to help even absolute beginners get started.
  • Industry-leading security, including two-factor authentication (2FA), email verification and encryption, as well as physical protection of servers. Simultaneously, the platform provides a live status overview of its system, providing users with a transparent method of checking the app’s functionalities. 
  • Web and mobile apps that allow you to trade on the go, and never miss an opportunity to make profits. Consequently, you can control your trading strategy even if you aren’t in front of your computer.

All in all, Currency.com is a full-package deal that combines trading versatility, security, and ease of use.

Who is This Cryptoexchange For?

Currency.com is a cryptoexchange that offers its services globally, with only 28 countries being restricted. And regardless of whether you are a beginner or an advanced trader, the platform should suit every one of your needs. It presents a streamlined interface that will allow novices to quickly find their marks. However, it also offers a variety of advanced technical analysis tools to set up market entries or exits following more complex market indicators.

It’s worth noting that the cryptoexchange is particularly well-suited for investors that wish to diversify their portfolios. Here you will find not only hundreds of cryptocurrencies but also a huge selection of cross-industry tokenised assets, like tokenised equities, stock indexes, bonds, and commodities. As such, it relieves traders from having to juggle between multiple apps and markets, giving them exposure to various assets within the same platform.

And finally, the fact that the app is present on both web and mobile devices gives you additional options on how, when, and where to trade your preferred assets.

Is Currency.com Safe?

The Currency.com cryptoexchange has, above all, a huge focus on security. The app itself offers multiple ways to secure your account through 2FA. Moreover, money deposits and withdrawals use the highest level of PCI-DSS secure transactions, ensuring the safety of your funds at all times. The company servers are guarded by armed forces, guaranteeing physical, as well as computerised, security. 

However, the most important aspect of this is its regulated status. Currency.com has a licence given out by the High-Tech Park in Belarus, and its dealings are continuously scrutinised by officials. This allows the cryptoexchange to ensure its compliance with the strictest AML requirements and provide transparency for its users.

Finally, it’s worth noting that Currency.com has been audited by third-party officials from KPMG, which certifies its compliance with the highest regulatory and security measures.

Conclusion

In a world where cryptocurrency cryptoexchanges are a dime-a-dozen, Currency.com clearly stands out from the competition in almost every aspect. Users can rest assured that their funds remain secure, while at the same time having access to a streamlined trading platform using industry-leading standards.

There’s also the fact that this cryptoexchange offers tokenised assets in addition to cryptocurrencies. Users can easily diversify and reduce the volatility of their portfolios by exposing themselves to multiple asset types simultaneously. The bottom line is that it’s a great one-stop shop for trading and investing securely and reliably.

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Kareena Maya

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Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.