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Currency.com Review: First Tokenized Exchange In The World

The great deal of difficulty involved in gaining access to regulated financial markets and being able to trade in the commodities market is one problem that besieges every cryptocurrency trader. To further make the situation difficult, there are thousands of exchanges in the financial market, each making tall claims which, in most situations, prove to be mere fallacies.

In order to fully benefit from investments, a crypto trader needs an exchange that not only has secured and transparent transactions but also has an in-depth knowledge of the world of digital currencies. There is only one exchange that perfectly fits this description and that exchange is Currency.com.

Currency.com is an exchange that is designed in such a way as to make the most complex trading both faster and easier. Currency.com is not only a cryptocurrency exchange but also a tokenized securities exchange that seeks to limit the difficulties encountered by traders and investors in trading in both the exchange market and the cryptocurrency market. It is the first regulated tokenized securities exchange, providing its clients with the opportunity of trading in both fiat and digital currencies without any need for converting one into the other.

Tokenized securities, as the name implies, refers to traditional securities, such as bonds, commodities, and other assets that are made to take the shape of cryptocurrency tokens. However, this is not to be confused with security tokens, which are crypto assets that are used in investment schemes and adopt the qualities of the conventional securities.

Currency.com was launched in April 2019 with the motive of changing the people’s perception of the cryptocurrency market. It is incorporated into Minsk Belarus, owned and operated by Currency.com BCL LLC and it also has two offices in Gibraltar and London. Although it is a relatively new exchange, Currency.com attained a high level of popularity within a short period of time.

It was given the award for the best crypto exchange CIS in 2019, the best service provider in Europe, and the most innovative broker worldwide, not to mention several other accolades it has been awarded in the industry.

The broker currently has more than 1,300 tokenized assets available, an estimated 10,000 assets set aside for future projects and in 2019 alone, it had approximately 37,000 mobile app installs. More to that, it has over 100 employees, including Project CEO, Ivan Gowan, and the General manager, Alexander Shevchenko.

Now, this Currency.com review seeks to reveal the unique qualities that actually differentiates the broker from the thousands of brokers in the market.

Security:

Anyone venturing into the world of digital assets will immediately search for an exchange that gives assurance of the safety of users’ funds and information. Currency.com is especially concerned in matters relating to security and for this reason, it has adopted some of the most stringent security measures in the world.

It is strictly regulated by the Hi-Tech Park of Belarus (HTP), one of the strictest blockchain technology regulatory bodies in the world. Every decision made with regards to sensitive data must be passed through a very rigid approval protocol, with every employee being highly vetted.

The verification of emails is done using a discrete system to ensure that clients’ documents are uploaded securely. The PGP (pretty good privacy) and GPG (GNU privacy guard), allegedly the highest form of global encryption, are used for this purpose.

The broker has also engaged the best two-factor authentication into all its platforms, including logging, funding, trading, and other actions that are performed using API keys. These measures are put in place in order to protect the crypto funds and investments of the clients from the actions of cyber thieves, which is becoming increasingly popular in recent years.

The clients’ funds are stored in a separate bank account that is totally different from the broker’s operational account and these funds can never be lent out or even borrowed by the company for any reason at all. The activities of the broker are also audited at least once a year by one of the “big four” accounting firms, Ernst & Young.

Users’ data are stored in military-grade protected servers by using physical security measures. All these security measures and many more are a clear indication that security is a major concern at Currency.com.

Platform Design and Usability:

The Currency.com trading platform is user-friendly and is designed in such a way that users can navigate with ease and there are no distractions ensuring that windows will operate smoothly without any lags making trading on the platform very seamless.

With a variety of trading tools, including advanced charting tools, stop loss, profit level setup, negative balance levels, which are organized and placed at strategic locations convenient for users, both old and new clients find it very easy to trade on the platform.

Additionally, the crypto exchange has been able to develop the app version of the platform which is both fast and convenient for users. It is currently available in Android and IOS and has the same functions as the web version including the support of a variety of languages, push-notifications of price changes, built-in chat with the support center, rate chart, and many more.

Leverage Trading:

Currency.com has also made it possible for clients to engage in leverage trading. This refers to trading in the market with positions that they would otherwise not be able to make. With leverage trading, a trader who has 500 USD to trade can take the position of 5,000 USD in the market. However, you have to exercise caution when making any decision to engage in leverage trading since it is very risky.

Currency.com provides its clients with a variety of leverage packages such as:

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

Demo Account:

Users of the Currency.com platform, both old and new, are provided with a means of learning about new technologies utilized in trading and trying them out using a demo account developed by the broker. This demo account enables users to have a firsthand experience on how the tokenized assets market works and the various market trends. You can be able to try all of this out without endangering your own assets.

The demo account is built in a manner similar to the real trading account and comes with a total of 300 tokenized assets and a leverage of up to 500x.

Deposits:

Deposits on the platform can be made either by direct bank transfers or by card, Visa, and MasterCard. Payments can be made using either fiat currencies like the United States Dollar (USD), Euro (EUR), Russian Rubles (RUB), Belarusian Rubles (BYN), or cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Lite coin (LTC), and Bitcoin Cash (BCH).

A minimum deposit of 100 USD and a maximum of 24,000 USD can be made by card with charges of 3-5 percent on both payment platforms. Bank transfers have a minimum of 50 USD and a maximum of 24,000 USD deposit with no deposit charges.

Withdrawals:

Withdrawals made by card have a minimum of 100 USD with a withdrawal commission of 2.4% + 3USD on Visa card, and 1.9% + 3USD on MasterCard.

Withdrawals made via bank accounts have a minimum of 50 USD and the commission charged on Belarusian citizens is 8 USD while non-citizens will be charged 1.15% for their withdrawal commission.

In all, Currency.com tries as much as possible to ensure that every transaction carried out is very transparent for the clients to check.

Active Customer Support:

This is another unique feature of Currency.com. The broker has a 24/7 reliable and secure customer support system. They are always eager to listen to and profer solutions to the questions and complaints of their clients through their various support mediums such as Facebook, Telegram, Viber, and Whatsapp, live chat, email, and phone calls.

Tokenized Trading:

This is a feature that has given Currency.com the fame that it has received. There are over 1300 available tokenized assets for clients to trade on. Currency.com has a wide variety of tokenized assets that clients use in order to leverage their cryptocurrency assets in traditional financial markets.

The first is tokenized shares of several multinational companies such as Netflix, Amazon, Apple, Uber, Google, Tesla, Coca-Cola, and many more.

The next one is tokenized indices, which is a crucial part of traditional financial markets. Assets grouped under this category include EU50, US100, Dow Jones and NASDAQ.

Another one is tokenized commodities, where clients can be able to participate in some of the world’s biggest markets including gold, natural gas, crude oil, palladium, silver, and more.

Currency.com also provides clients with tokenized government bonds, which are debt instruments issued by the government in order to finance short-term and long-term spending, such as the Belarus 252/USD.

Refer And Earn Package:

In addition to all these unique features, Currency.com offers clients a mouth-watering referral program, which enables clients to earn huge sums of money while making use of the trading platform.

The Currency.com referral program gives you a whopping 50 percent of every trading commission that anyone you refer pays into the firm, as long as they signed up using the referral link you sent them.

The most interesting thing about this 50 percent referral commission is that it can last for up to six months after the verification of the account of the person you referred and these bonuses are sent directly to your account where you can access them.

What is more, the person you referred to the firm also has the privilege of getting up to 10 percent discount on trading commission and this lasts for up to three months after the account verification.

 You just have to sign up for the trading platform through a referral link to get your 10 percent trading discount. Then, share your own referral link to as many friends and relatives as you can in order to get 50 percent of their trading fees. It is an easy and reliable way to earn while trading on the Currency.com platform.

Global Acceptance And Regulations

Currency.com has been able to attain a height of popularity that is quite unbelievable for a broker that is relatively new in the industry. This is mainly due to the fact that its services, which are provided to investors all over the world, has given clients the values that they claim to uphold.

Currency.com is currently regulated by top-notch financial regulators in three different countries including The United Kingdom Financial Conduct Authority, The Belarusian 8th decree on the development of the digital economy, and The Cyprus Securities and Exchange Commission. With scrutiny from these regulators, Currency.com ensures that its activities in both the traditional financial markets and the crypto industry are very transparent.

Currency.com provides its exchange services to clients from many countries all over the world except for The United States of America, Cambodia, Iran, The Bahamas, Democratic People’s Republic of Korea, Ghana, Syria, Yemen, Botswana, Zimbabwe and many more.

Conclusion:

Currency.com is an exchange with a clear vision of bridging the fast widening gap between the conventional financial markets and the digitalized cryptocurrency industry.

It is quite understandable if you are reluctant to sign up for the platform because of it being a new entrant in the midst of thousands of exchanges in the world. However, time and time again, it has been able to prove that it is quite knowledgeable in the field of cryptocurrencies and financial markets, with extreme security measures and other juicy packages.

Currency.com is an exchange that is quite suitable for every type of trader both the experienced traders and the novices in the industry as it provides the transparency and security every type of trader needs to succeed in the fast-evolving financial and cryptocurrency world.

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