The platform has thousands of different tokenised instruments to choose from, including: cryptocurrencies, government bonds, indices, shares, currency pairs, and commodities.. Currently, the platform accepts clients from 183 countries around the world, and the majority of the tokens available are available for purchase to residents in the United States.
Currency.com is one of the best currency exchange platforms available. It offers a low minimum deposit of just $5, which is one of the lowest minimums out there. It also accepts deposits via a range of methods including: bank transfers, debit/credit cards, Union Pay, and Yandex Pay. The platform also offers 24/7 customer support, ensuring that all questions are answered swiftly.
What is Currency.com?
Currency.com is an exchange that offers the ability to buy, sell, trade or index tokenised securities without having to convert them first to crypto. They are also called tokenised securities exchanges, or TSEs. This can be good for you from a tax perspective
Inaccessibility to US-investors
This exchange is not open to U.S. citizens, nor anyone from these countries; Botswana, Bahamas, Cambodia, Ghana, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Yemen, Pakistan and Bermuda
Currency.com Security and reliability
Currency.com offers its own proprietary web-based platform to its users. The platform includes several features and indicators which allow users to view and manage currency exchange rates in real time. Users also get instant price alerts and fast transaction processing speeds. In addition, the platform is compatible with Android and iOS.
Currency.com review has additionally received more than one awards in latest years. These awards suggest that the dealer is famous with investors and gives a few accurate features.
- Rated as the ‘Best Cryptocurrency Exchange CIS’ through the Blockchain Life Awards 2019 forum
- Awarded for ‘Breakthrough in Cryptocurrency Trading’ through ADVFN (2020)
Trading with leverage
With currency trading you can trade with leverage. This means that you can place positions that you could not ordinarily take. For example, if you have $1000 and you are able to trade with 10x leverage, this means that you can place $10,000 on an idea.You ma trade with up to the following leverage levels on currency.com
- Tokenised stocks: up to 20x
- Crypto: up to 20x
- Tokenised commodities: up to 200x
Tokenised indices (ETFs): up to 20x
There is no doubt that this type of trading platform provides extra levels of comfort for the leveraged traders. They have stop loss orders and also provide “negative balance protection”, so there is really no risk in using this type of trading platform.
Currency.com Trading fee
Currency.com is one of the leading crypto exchanges in terms of volume and liquidity. The exchange charges both makers and takers only 0.20% to trade against fiat currencies. The industry standard is currently 0.25%. Many exchanges now offer lower trading fees, but Currency.com stands out as one of the few that charges the same low fee on both sides.
Currency.com cryptocurrency selection
Currency.com offers a decent selection of 87 cryptocurrency trading pairs for spot and contract trading. Following are some of the coins and tokens available for both kinds of trades;
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Dogecoin (DOGE)
- Polygon (MATIC)
- Litecoin (LTC)
- ChainLink (LINK)
- Snythetix (SNX)
- Uniswap (UNI)
Currency.com fits you if:
You live outside the U.S. You are a professional stock trader. You do not mind paying to access millions of assets. You think it would be interesting to find out how other traders are using their time. You don’t mind that the site is affiliated with an autocratic government.
In conclusion Currency.com is the best choice for traders who are looking for a broker offering a range of tokenised investments, including crypto-to-crypto, traditional securities and indices, commodities, and more. It’s important to know that the broker has a highly intuitive trading platform and an easy-to-use trading experience. The web platform is very well designed and functional.