It was founded in 2021 and has already established a reputation for being one of the most reliable and user-friendly platforms for buying, selling, and trading cryptocurrencies.
In this comprehensive Currency.com review, we will take a closer look at the features, pros, and cons of this platform to help you make an informed decision about whether or not it is right for you.
We will investigate the types of cryptocurrencies supported, fees, security measures, customer service, and more to give you a complete picture of the platform.
By the end of this review, you should have a clear understanding of how Currency.com works and whether or not it is the right choice for your cryptocurrency trading needs.
What is Currency.com?
Currency.com is a cryptocurrency trading platform that allows users to buy, sell, and trade cryptocurrencies. It was founded in 2021 and is based in the United Kingdom.
Currency.com is a regulated platform and is supported by the Financial Conduct Authority (FCA). It also has a license from the European Union (EU), which allows it to operate in all 28 EU member countries.
The platform is available in multiple languages, including English, German, Spanish, and French.
The platform is designed to be user-friendly and easy to use. It offers a variety of features, including charting and analytics tools, margin trading, and the ability to track and analyze the performance of your portfolio.
It also offers a variety of trading pairs, including major coins like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH).
Currency.com is a secure platform, and all user funds are held in cold storage wallets. The platform also offers two-factor authentication and advanced encryption to protect user accounts.
In addition, the platform complies with the Payment Card Industry Data Security Standard (PCI-DSS) and is GDPR compliant.
How does Currency.com work?
Currency com serves customers with a minimal deposit of just $5, one of the most affordable options on the market. It accepts payments from credit cards, bank transfers, Union Pay, Yandex, and digital wallets.
The funds customers deposit into their accounts are not subject to access by the exchange, and they are not protected by insurance.
The platform offers clients a wide array of investment opportunities, including cryptocurrencies, government bonds, indexes, shares, currency pairs, and commodities, with more than 1,700 assets to select from.
Trading on Currency.com
For deposits involving fiat currency from a bank or credit card, users must go through the KYC process. Crypto transfers from another exchange or digital wallet also require the completion of the same KYC process.
The traditional money accepted are the U.S. Dollar, Euro, Pound Sterling, Russian Ruble, and Belarusian Ruble. As for digital currencies, Bitcoin, Ethereum, and Litecoin are all accepted, with the minimum deposit amount being 0.001 BTC, 0.03 ETH, and 0.1 LTC respectively. Any amount less than the minimum will not be added to the user’s balance.
Currency.com has a peculiar characteristic. Each crypto deposit and withdrawal has to pass through a specific number of verifications. Bitcoin requires two confirmations, and ETH requires 12.
If the deposit is of a higher value, then the number of confirmations may be even greater. This process of confirmation may lead to a delay in entering or leaving a certain rate.
The Currency.com trading dashboard is quite similar to other crypto exchanges. On the left side of the page is a list of items where you can pick your asset and the type of trade.
The middle of the page has two sections placed one above the other. The top section is the “order book” or pending trade feed. Directly beneath it is a graph that shows the changes in price and trading volume.
On the right side of the Currency.com trading page are the “Buy” and “Sell” buttons. The dashboard offers a few types of limit orders to help traders stay away from losses and gain profits.
Overview of Currency.com Features
Currency.com offers a variety of features that make it an attractive platform for cryptocurrency traders.
- The platform offers advanced charting and analytics tools that can help traders identify trends and make informed trading decisions.
- It also offers margin trading, which allows traders to use leverage to increase their profits.
- The platform also offers a variety of trading pairs, including major coins like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH).
- In addition, Currency.com also supports fiat currencies like the US Dollar, Euro, British Pound, and Japanese Yen. This makes it easier for traders to diversify their portfolios and increase their chances of success.
- Currency.com also offers an API that allows traders to access the platform from third-party applications. This makes it easier for traders to keep track of their portfolios and make informed decisions.
- In addition, the platform also offers a variety of educational resources, including webinars, tutorials, and a blog. This makes it easier for new traders to learn about cryptocurrencies and trading.
Pros and Cons of Currency.com Exchange
Currency.com is a reliable and user-friendly platform for cryptocurrency trading. However, it is not without its drawbacks. Here are some of the pros and cons of Currency.com:
Pros
- Regulated by the FCA and EU – Currency.com is a regulated platform and is supported by the FCA and EU. This provides a level of security and assurance that other platforms may not offer.
- Variety of Cryptocurrencies Supported – Currency.com supports a variety of major cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH). This makes it easier for traders to diversify their portfolios and increase their chances of success.
- Variety of Trading Pairs – Currency.com offers a variety of trading pairs, including major coins, fiat currencies, and even stablecoins. This makes it easier for traders to find the best trading opportunities.
- Advanced Charting and Analytics Tools – Currency.com offers advanced charting and analytics tools that can help traders identify trends and make informed trading decisions.
Cons
- High Fees – Currency.com charges higher fees than some other platforms. This can make it more expensive for traders to trade on the platform.
- Low Liquidity – Currency.com has lower liquidity than some other platforms. This can make it difficult for traders to find the best trading opportunities.
- Limited Customer Service – Currency.com does not offer live customer support and only offers limited support via email. This can make it difficult for traders to get assistance when they need it.
Currency.com Compliance & Regulation
Currency.com is regulated by the Gibraltar Financial Services Commission and keeps customer money in unguaranteed, distinct accounts.
However, the platform has an intense emphasis on abiding by all Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
The verification process is secure and ensures that all required information is obtained before the person can start trading on the platform. Currency com also safeguards its users from negative balances and ensures stop losses.
Currency.com Fees Overview
Currency.com exchange charges fees for trading on the platform. The fees vary depending on the type of trade and the currency pair being traded.
For example, the fees for trading Bitcoin are 0.3% for buying and 0.15% for selling. Currency.com also charges a 0.2% withdrawal fee.
Currency.com Fees: Deposits and withdrawals
| Coin/Token | Minimum deposit amount | Maximum deposit amount | Deposit commission | Minimum withdrawal | Withdrawal commission |
|---|---|---|---|---|---|
| 1INCH | 10 1INCH | Unlimited | Free | 20 1INCH | 10 1INCH |
| AAVE | 0.08 AAVE | Unlimited | Free | 0.16 AAVE | 0.08 AAVE |
| ANT | 3.6 ANT | Unlimited | Free | 7.2 ANT | 3.6 ANT |
| APE | 1 APE | Unlimited | Free | 2 APE | 1 APE |
| AVAX | 0.035 AVAX | Unlimited | Free | 0.07 AVAX | 0.035 AVAX |
| AXS | 0.5 AXS | Unlimited | Free | 1 AXS | 0.5 AXS |
| BAL | 1.1 BAL | Unlimited | Free | 2.2 BAL | 1.1 BAL |
| BAND | 5.1 BAND | Unlimited | Free | 10 BAND | 5.1 BAND |
| BAT | 20 BAT | Unlimited | Free | 40 BAT | 20 BAT |
| BCH | 0.005 BCH | Unlimited | Free | 0.01 BCH | 0.005 BCH |
| BNB | 0.01 BNB | Unlimited | Free | 0.02 BNB | 0.01 BNB |
| BNT | 13 BNT | Unlimited | Free | 26 BNT | 13 BNT |
| BTC | 0.0001 BTC | Unlimited | Free | 0.0002 BTC | 0.0001 BTC |
| CAKE | 0.5 CAKE | Unlimited | Free | 1 CAKE | 0.5 CAKE |
| CELO | 0.5 CELO | Unlimited | Free | 1 CELO | 0.5 CELO |
| CHZ | 24 CHZ | Unlimited | Free | 48 CHZ | 24 CHZ |
| COMP | 0.1 COMP | Unlimited | Free | 0.2 COMP | 0.1 COMP |
| CRV | 6.1 CRV | Unlimited | Free | 12 CRV | 6.1 CRV |
| DAI | 6 DAI | Unlimited | Free | 12 DAI | 6 DAI |
| ENJ | 12 ENJ | Unlimited | Free | 24 ENJ | 12 ENJ |
| ETC | 0.01 ETC | Unlimited | Free | 0.1 ETC | 0.01 ETC |
| ETH | 0.004 ETH | Unlimited | Free | 0.008 ETH | 0.004 ETH |
| ETHW | 0 ETHW | Unlimited | Free | 0.2 ETHW | 0.1 ETHW |
| FTM | 5 FTM | Unlimited | Free | 10 FTM | 5 FTM |
| GRT | 59 GRT | Unlimited | Free | 118 GRT | 59 GRT |
| HOT | 3 000 HOT | Unlimited | Free | 6 000 HOT | 3 000 HOT |
| KNC | 4.3 KNC | Unlimited | Free | 8.6 KNC | 4.3 KNC |
| LDO | 3.3 LDO | Unlimited | Free | 6.6 LDO | 3.3 LDO |
| LINK | 0.8 LINK | Unlimited | Free | 1.6 LINK | 0.8 LINK |
| LRC | 19 LRC | Unlimited | Free | 38 LRC | 19 LRC |
| LTC | 0.005 LTC | Unlimited | Free | 0.01 LTC | 0.005 LTC |
| MANA | 8.3 MANA | Unlimited | Free | 17 MANA | 8.3 MANA |
| MATIC | 7.8 MATIC | Unlimited | Free | 16 MATIC | 7.8 MATIC |
| MKR | 0.0095 MKR | Unlimited | Free | 0.019 MKR | 0.0095 MKR |
| OCEAN | 39 OCEAN | Unlimited | Free | 78 OCEAN | 39 OCEAN |
| OMG | 3.5 OMG | Unlimited | Free | 7 OMG | 3.5 OMG |
| PAXG | 0.004 PAXG | Unlimited | Free | 0.008 PAXG | 0.004 PAXG |
| QNT | 0.06 QNT | Unlimited | Free | 0.12 QNT | 0.06 QNT |
| REPV2 | 0.85 REPV2 | Unlimited | Free | 1.7 REPV2 | 0.85 REPV2 |
| RVN | 20 RVN | Unlimited | Free | 40 RVN | 20 RVN |
| SAND | 7 SAND | Unlimited | Free | 14 SAND | 7 SAND |
| SHIB | 550 000 SHIB | Unlimited | Free | 1 100 000 SHIB | 550 000 SHIB |
| SNX | 2.4 SNX | Unlimited | Free | 4.8 SNX | 2.4 SNX |
| SRM | 7.9 SRM | Unlimited | Free | 16 SRM | 7.9 SRM |
| SUSHI | 5.6 SUSHI | Unlimited | Free | 11 SUSHI | 5.6 SUSHI |
| TOKENISED ASSETS | 100 TOKENISED ASSETS | Unlimited | Free | 0.05 TOKENISED ASSETS | 1.5% ( min 0.02 TOKENISED ASSETS; ) |
| TUSD | 5.9 TUSD | Unlimited | Free | 12 TUSD | 5.9 TUSD |
| TWT | 0.5 TWT | Unlimited | Free | 1 TWT | 0.5 TWT |
| UMA | 2.5 UMA | Unlimited | Free | 5 UMA | 2.5 UMA |
| UNI | 1.1 UNI | Unlimited | Free | 2.2 UNI | 1.1 UNI |
| USDC | 6 USDC | Unlimited | Free | 12 USDC | 6 USDC |
| USDTi | 6 USDT | Unlimited | Free | 12 USDT | 6 USDT |
| WBTC | 0.0003 WBTC | Unlimited | Free | 0.0006 WBTC | 0.0003 WBTC |
| XLM | 0.2 XLM | Unlimited | Free | 20 XLM | 0.2 XLM |
| XRP | 3.5 XRP | Unlimited | Free | 15 XRP | 3.5 XRP |
| YFI | 0.0007 YFI | Unlimited | Free | 0.0014 YFI | 0.0007 YFI |
| ZRX | 22 ZRX | Unlimited | Free | 44 ZRX | 22 ZRX |
source: currency.com
*The least amount of deposit required is 0.0004 BTC, 0.004 ETH, 0.005 BCH, or 0.015 LTC. If the amount is less than the given amount, it will not be credited to your account. The funds will be in your balance when the amount deposited surpasses the minimum limit.
**The minimum crypto withdrawal must be at least 2-3 times higher than the adjustable withdrawal fee, which is essential to cover the costs of the transaction processing, guaranteeing that the losses from withdrawal do not exceed 50% of the whole amount withdrawn.
Taking out money to any account located beyond Belarus carries an extra 15% cost when using Currency.com. Additionally, there are additional charges for various transactions executed on the website.
Currency.com Fees: Platform fees
| Fee type | Fee details |
|---|---|
| Trading fee (leverage) | BTC/USD, BTC/EUR, ETH/USD, ETH/EUR fee: 0.06%Other cryptos: 0.075%Tokenised assets (Shares, ETFs, Indices, Commodities): 0%Tokenised currencies: 0% |
| Exchange fee | Cryptocurrency / Cryptocurrency – 0.2% Cryptocurrency / Tokenised currencies – 2% Tokenised assets (Shares, ETFs, Indices, Commodities): 0.05% Tokenised bonds: 0.03% Tokenised currencies: 0%** Companies tokens: 0% (buy), 1.5% (sell) |
| Funding fees | Fees will apply to continuously leveraged trades held according to the market rate ** |
| Overnight Funding Amount | An overnight funding amount is either added to or subtracted from your account when having an order after a certain time. The formula used to calculate the daily overnight funding fee : (Tokens quantity * Current price – Reserved) * Daily Overnight Funding fee %. |
| The fee for maintaining an unused account | USD.cx 20 or the quantity of tokens that is equivalent to USD.cx 20. The fee is charged monthly, starting from the date the Account is declared unused. |
***The cost of the transaction could be different based on the particular asset chosen.
U.S. dollar (USD)
| Minimum deposit amount | Maximum deposit amount | Deposit commission | Minimum withdrawal | Withdrawal commission | |
|---|---|---|---|---|---|
 Bank Transfer | 50 USD | Unlimited | Free i | 50 USD | 0.15% ( min 20 USD; max 200 USD; ) |
 MASTERCARD | 20 USD | Unlimited | 3.5% | 10 USD | 3% + 3 USD |
 VISA | 20 USD | Unlimited | 3.5% | 10 USD | 3% + 3 USD |
source: currency.com
British pound (GBP)
| Minimum deposit amount | Maximum deposit amount | Deposit commission | Minimum withdrawal | Withdrawal commission | |
|---|---|---|---|---|---|
| Bank Transfer | 50 GBP | Unlimited | Free | 50 GBP | 0.15% ( min 20 GBP; max 120 GBP; ) i |
| MASTERCARD | 20 GBP | Unlimited | 3.5% | 10 GBP | 3% + 3 GBP |
| VISA | 20 GBP | Unlimited | 3.5% | 10 GBP | 3% + 3 GBP |
source: currency.com
European Union euro (EUR)
| Minimum deposit amount | Maximum deposit amount | Deposit commission | Minimum withdrawal | Withdrawal commission | |
|---|---|---|---|---|---|
| Bank Transfer | 50 EUR | Unlimited | Free | 50 EUR | 0.15% ( min 20 EUR; max 150 EUR; ) |
| MASTERCARD | 20 EUR | Unlimited | 3.5% | 10 EUR | 3% + 3 EUR |
| VISA | 20 EUR | Unlimited | 3.5% | 10 EUR | 3% + 3 EUR |
source: currency.com
Belarusian ruble (BYN)
| Minimum deposit amount | Maximum deposit amount | Deposit commission | Minimum withdrawal | Withdrawal commission | |
|---|---|---|---|---|---|
| Bank Transfer | 100 BYN | Unlimited | Free | 100 BYN | |
| MASTERCARD | 50 BYN | Unlimited | 3.5% | 25 BYN | 3% + 9 BYN |
| VISA | 50 BYN | Unlimited | 3.5% | 25 BYN | 3% + 7.5 BYN |
source: currency.com
Currency.com employs a Russian payment processor for credit card deposits. Payments made with Visa or Mastercard are exchanged into either Russian rubles or U.S. dollars, which could mean that the ultimate amount differs from the intended deposit.
Types of Cryptocurrencies Supported
Currency.com supports a variety of major cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH).
In addition, the platform also supports fiat currencies like the US Dollar, Euro, British Pound, and Japanese Yen. This makes it easier for traders to diversify their portfolios and increase their chances of success.
Opening an Account – Registration Process of Currency.com
- Visit the Currency.com website and click on the “Sign Up” button located at the top right corner of the page.
- Enter your email address and create a strong password to access your account.
- Complete the registration process by entering your name, address, and other personal details, as required by law.
- Verify your identity by submitting a valid form of identification, such as a passport or driver’s license. You may also need to provide proof of residency in some cases.
- Make sure you read, understand, and accept all terms and conditions related to using Currency.com services before confirming your registration process is complete.
- Once you have confirmed all details, you can fund your account with fiat currency or cryptocurrency to begin trading on the Currency.com platform
How to Buy and Sell Cryptocurrencies on Currency.com?
- Register for an Account: The first step in buying and selling cryptocurrencies on Currency.com is to register for an account. You can do this by providing your email address and creating a password.
- Verify Your Identity: After registering, you will need to verify your identity by providing a valid government-issued ID and proof of residency. This is a necessary step to comply with anti-money laundering regulations.
- Fund Your Account: Once your identity has been verified, you can fund your account with fiat currency or cryptocurrency deposits, depending on which payment method you choose.
- Choose Cryptocurrency: Once you have funds in your account, you can then choose which cryptocurrency you want to buy or sell from the list of available options on Currency.com.
- Place Your Order: When selecting the cryptocurrency of your choice, you will be presented with the current market price and order types (limit or market). You can then place an order to buy or sell at the desired price and quantity level according to your trading strategy.
- Monitor Your Order: After placing an order, you can monitor its status in the ‘My Orders’ section of the platform until it is executed successfully or canceled due to a lack of liquidity in the market at that time.
- Withdraw Funds (optional): Once your order is successfully executed, you can withdraw funds from Currency com back into either fiat currency or cryptocurrency wallets depending on which payment method was used initially for funding.
Security Measures
Currency.com is a secure platform, and all user funds are held in cold storage wallets. The platform also offers two-factor authentication and advanced encryption to protect user accounts.
In addition, the platform complies with the Payment Card Industry Data Security Standard (PCI-DSS) and is GDPR compliant.
Customer Service
Currency.com does not offer live customer support and only offers limited support via email. This can make it difficult for traders to get assistance when they need it.
However, the platform does offer an extensive FAQ section that can help traders find answers to their questions.
Currency.com User Experience
Currency.com provides a web-based trading platform that is easy to navigate and interactive. It offers a range of features such as 75 types of technical charts, news, required trading information, and trading support.
To help traders become familiar with the platform, a demo account is available that reflects the same attributes as a full-feature account, except traders, are not using actual money to trade.
Ultimately, Currency.com just provides one account type, a standard account, which can be used to trade all the different instruments.
Currency.com provides one of the most remarkable customer service offerings in the business, with 24/7 technical assistance accessible to all its clients.
Furthermore, their website is available in 10 languages, which include English, Russian, Indonesian, Spanish, Portuguese, Vietnamese, Korean, Malaysian, Thai, and Chinese. Clients can contact customer service through chat, email, telephone, or their website. Additionally, Currency.com also offers affiliate and referral programs to its users.
Alternatives to consider
- If you are looking for a cryptocurrency trading platform in the U.S. that offers a variety of services: Gemini is straightforward to employ and provides a range of trading options and bonuses. The platform also provides investors with a large selection of digital currencies.
It has a special element that differentiates it from Currency.com, which is its Gemini Earn feature. This feature permits users to earn interest on digital currency that they are not utilizing. - If you’re looking for a fee plan that is simple to comprehend: Compared to Currency.com, Coinbase has fees that are more transparent and easier to understand, which makes it a good option to think about.
What could be improved
Tokenized assets may be risky
Currency.com contends that its largest advantage is the 1,700 financial assets they have, with plans to grow that number to 10,000. That is a large total.
Nevertheless, any Currency.com review should point out that this is also their largest problem – the assets they trade are limited to cryptocurrencies and tokenized assets.
When you acquire tokenized stocks, you don’t get an actual share. For example, AAPL.CX is a tokenized, exchange-traded asset that reflects Apple’s Nasdaq exchange status.
Investors can buy AAPL.CX tokens from Currency.com and trade them as if they were Apple shares. Currency.com also provides tokenized versions of all asset classes, including government bonds, major stock indexes, securities, precious metals, and commodities.
Regulators are not in favor of the concept of cloning different financial investments apart from digital currencies. This is because most money-related investments other than digital currencies are heavily regulated by various governments and departments across the world.
Trying to hide such regulated assets in the form of unregulated crypto tokens is not liked by the governing bodies as this seems like a way to bypass the trading laws. The authorities like Central banks, treasury departments, and regulators are trying to put a stop to these practices.
The complete Currency.com business model as well as its competitive benefit lies in tokenized assets. However, regulators do not appear to be fond of it. Before investing in any tokenized assets other than digital currencies, investors should wait and observe the situation.
American investors are not allowed to enter.
Currency.com has a wide reach, being available in 183 countries apart from the U.S. The platform was founded in Belarus and that is where it is based.
Belarus was a part of the Soviet Union for a large part of the twentieth century, and there are still several autocratic laws in place, despite its independence in 1991. It is possible that the restriction of U.S. citizens is a consequence of the long-standing political conflict.
The government of Belarus is the centralized authority that handles regulatory matters.
As control of the cryptocurrency market advances, the Currency.com approach is not the most suitable. Currency.com is only regulated by Belarus, a country located in Eastern Europe.
Belarus is not a part of the European Union, though it has diplomatic ties with the EU. There is no indication of Currency.com’s intentions to work together with the European Commission or nearby nations to create unified crypto regulations.
Doesn’t offer lending or borrowing against stored funds
A great many crypto trading platforms are now providing lending facilities, particularly with the rapid rise of decentralized finance (DeFi). However, at the time of writing, the exchange has not yet implemented lending or borrowing services.
Is your cryptocurrency safe with Currency.com?
Currency.com states emphatically on its website that protection is its top concern. To back up this point, the site includes the following statement:
“Currency.com is directly authorized and supervised by the Hi-Tech Park (HTP) of Belarus. This implies that we are exposed to the most extreme analysis from the only locale with all-inclusive legitimate guidelines for organizations based on blockchain technology.
It additionally implies that your privileges – as an ICO member – are ensured by the most elevated laws in the nation.” This gives off an impression of being more like an advertising exaggeration than a blueprint of crypto security.
For clearness, the High-Tech Park (HTP) of Belarus is a geographic gathering of tech organizations. “The HTP of Belarus” is a term like “Silicon Valley on the West Coast,” or “Research Triangle Park in North Carolina.” While the HTP may have a strong mechanical notoriety inside Belarus, it has no legitimate or administrative blockchain standing outside of those outskirts.
Currency.com says that each year their system is audited by an independent audit firm. In 2020 this was KPMG, but the report is only available in Russian. This could be a cause for concern since there have been several cyber attacks by Russian hackers recently. It is suggested that potential investors and traders look into this further.
The platform does have some robust security procedures in place, such as requiring two-factor authentication for logging in, depositing money, and trading. Additionally, the platform utilizes two forms of email encryption and verification, as well as secure document upload which is designed to protect users’ information and holdings.
Currency.com implements physical security protocols. It mentions that its servers are placed in secure, isolated cages at a data center, which is safeguarded by armed guards, video recording, and retinal scans for entry.
Moreover, all deposits made on the platform go straight to an encrypted cold wallet. Unconnected cold wallets can’t be reached by cyber criminals.
Currency.com mentions that coins stored in its hot wallets are for operational liquidity, yet the source of this liquidity is not specified. For security reasons, stored funds cannot be borrowed, lent, or staked.
The only way to gain a passive income with Currency.com is through its affiliate program, where participants can earn a commission based on the fees of the referrals they bring to the platform.
Currency.com is right for you if:
- If you are living outside the United States.
- You have experience in trading or investing.
- You are content with having a limited amount of passive income and not borrowing.
- The concept of having access to thousands of various investments excites you.
- You do not have a problem with the website being connected to a despotic regime.
- If you desire the availability of free trading, instruction, and market details, then this could be a good fit for you.
Verdict
Overall, Currency.com is a reliable and user-friendly platform for cryptocurrency trading. It offers a variety of features, including charting and analytics tools, margin trading, and the ability to track and analyze the performance of your portfolio.
It also supports a variety of major cryptocurrencies and fiat currencies, making it easy for traders to diversify their portfolios.
However, the platform does have some drawbacks, including high fees and limited customer service. It is important to consider these drawbacks when deciding whether or not Currency.com is the right choice for you.
Conclusion
Currency.com is a reliable and user-friendly platform for cryptocurrency trading. It offers a variety of features and supports a variety of major cryptocurrencies and fiat currencies.
However, it does have some drawbacks, including high fees and limited customer service. Ultimately, it is up to you to decide whether or not Currency.com is the right choice for your trading needs.
FAQs
Can I register for a demo account?
Yes, Currency.com enables its customers to sign up for a demonstration account that provides them with the possibility to become familiar with the system of trading cryptocurrencies without putting their own funds at risk.
The demo account experience at Currency.com is practically identical to that of a full trading account, excluding the fact that with the demo, users can only trade in simulated bitcoin.
Can US citizens use currency.com?
No, US citizens are not allowed to use Currency.com due to regulations in the United States.
What are the different account types offered by Currency.com?
Currency.com only provides one kind of account.
What is the minimum deposit for currency.com?
The minimum deposit for Currency.com is $20.
Who owns currency.com?
Currency.com is owned by Currency.com Global OÜ, a company registered in Estonia.
Does Currency.com offer mobile trading?
Currency.com provides complete support for mobile trading. People can get the app to manage their trades from their cell phones. The mobile apps given by the platform are compatible with Android and iOS.
Where is Currency.com’s headquarters?
Currency.com’s headquarters is located in Minsk, Belarus.
Who are Currency.com’s competitors?
Currency.com’s competitors include eToro, Plus500, and AvaTrade.
Will my funds be secure with Currency.com?
Funds invested by users are stored in separate accounts that the company does not have access to. Although this money is not insured, it is safeguarded by robust security protocols.
Additionally, Currency.com is subject to a review by an external accounting firm, thus providing a high level of security for customers.
How reliable is currency.com?
Currency.com is a regulated and licensed cryptocurrency exchange, and its security measures are in line with industry standards.
Can US citizens use currency.com?
No, US citizens are not allowed to use Currency.com due to regulations in the United States.
What Are Tokenized Securities?
Securities that are tokenized are ones that can be exchanged for blockchain-based tokens, as the name implies. These securities are underwritten by commodities, government bonds, or other resources which are similar.
Verification of tokenized securities is straightforward and they can be transferred quickly. These securities provide the holders with exclusive permission to have a specified proportion of the indivisible assets.
Is Currency.com Good?
For those who are interested in investing and trading with tokenized assets, Currency.com is the optimal decision.
Why Should You Choose Currency.com?
Currency.com provides superior characteristics like low trading charges, leveraged trading, trade of tokenized assets, etc., which draws in traders to give it a go on Currency.com.
Is crypto currency.com legit?
Yes, Crypto Currency.com is a legitimate cryptocurrency exchange. It is regulated and licensed in multiple jurisdictions, including Estonia and Belarus.
How Secure Is Currency.com?
It is an authorized exchange, obeys the KYC and AML protocols, and is thus a highly dependable exchange.
Is currency.com good for day trading?
Yes, Currency.com is a good choice for day trading cryptocurrencies. The platform offers a range of features and tools that make it easy to manage your trades and monitor the markets.
How Secure Is Currency.com?
Currency.com is a secure and regulated cryptocurrency exchange. It uses advanced security measures to protect user accounts, including two-factor authentication, cold storage for digital assets, and regular security audits.
Is currency.com available in the USA?
No, Currency.com is not available in the USA due to regulatory restrictions.
What are the fees for currency.com?
The fees for Currency.com vary depending on the account type and the asset being traded. There are no deposit or withdrawal fees, but there are trading fees of 0.2% for trades up to $500,000 and 0.1% for trades over $500,000.
Is currency.com safe?
Yes, Currency.com is a safe and secure platform for trading cryptocurrencies. It is licensed and regulated in multiple jurisdictions, and it has stringent security measures in place to protect user accounts.
