Currency.com Review: What to Expect From This Broker

A financial market is a tool for wealth transfer in our era for any who cares to pay attention.

Currency.com allows investors to buy and sell over 1,300 tokenized securities (financial instruments), including popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as top tokenized stock indices, commodities, and even government bonds.

The platform not only works as a cryptocurrency exchange but also as a venue for trading tokenized securities, which are non-crypto assets that have been converted into digital tokens, and this makes trading easier and faster for clients.

Currency.com is recognized because of its popular URL and brands itself as the first regulated tokenized securities exchange. What you can expect to find while using this brokerage platform is what we explained in this review.

What Is Currency.com?

Currency.com is ‘the world’s first regulated tokenized securities trading platform,’ allowing users to gain exposure to the underlying market prices of traditional assets by using cryptocurrencies or fiat currencies as collateral. Users are able to trade in crypto and receive their profits in crypto.

The platform enables anyone who holds Bitcoin, Ethereum, or Litecoin, for example, to trade financial assets, indices, and commodities from the world’s largest companies. However, they can do so without having to convert their cryptocurrency to fiat.

Currency.com Review

Operating Company name: Currency Com Bel LLC

Website: Currency.com

Owner: Ivan Gowan — CEO

Other Partners:

Alexander Shevchenko — General Manager (Director), Currency Com Bel LLС

bNigel Crome — Head of Compliance & MLRO, Currency Com Limited (Gibraltar)

Victor Pergament — Head of Project Management, Currency Com Bel LLC

Dmitry Ogievich — Head of Development, Currency Com Bel LLC

Cost: Low commissions and no hidden fees.

Transfer Types: Bank Transfer, Credit Card, Debit Card, Crypto Transfer

Recommended: Yes.

Restrictions: Currrency.com is said to be a global exchange but there are some exceptions you might like to know about. Well, due to some regulatory hurdles, the platform is not available to citizens and residents from the countries that would be listed below:

• The United States
• Botswana
• The Bahamas
• Cambodia
• Ghana
• Democratic People’s Republic of Korea
• Ethiopia
• Iran
• Sri Lanka
• Syria
• Trinidad and Tobago
• Tunisia
• Yemen
• Pakistan
• Bermuda

If at all your country or region was among the above list, Currency.com would not be available for you.

Languages: Currency.com is making it easy for people to be able to patronize their services in different languages. The available languages are English, Russian, Korean, Chinese, Indonesian, etc.

Features Of Currency.com

Currency.com offers unique trading features for clients to trade tokenized securities. The implication of this is that clients of the company have the opportunity to trade indices, shares, and commodities with cryptos, even without converting the crypto to fiat currencies.

Some are:

• Fiat-to-crypto trading pairs
• Margin or leveraged trading
• High liquidity
• Relatively low fees
• Professional customer service staff
• A substantial variety of different assets to trade with (tokenized shares)
• Well-made and intuitive trading platform with splendid UX
• Regulated exchange
• A fully functional mobile app is available on iOS and Android.

What are Tokenized Assets?

Getting to Currency.com for the first time, one might get lost in the term tokenized assets, especially if you’re not familiar with cryptocurrencies or blockchain technology.

Well, tokenized assets or securities are known as tokens that represent the price of underlying assets such as commodities, securities, bonds, or assets of any kind.

When it comes to the economic outcome for the investor, be it a profit or a loss, tokenized securities are pretty much analogous to bonds, commodities, equities, derivatives, futures, and other well-known financial instruments.

Although you do not hold these assets directly, the tokens you hold or trade on Currency.com are redeemable at all times either for the underlying asset, or its fiat equivalent.

It is vital to note that tokenized assets are still an emerging concept that most trading platforms will likely adopt soon to improve customer experience.

How to Create An Account

Creating an account with Currency.com is very simple and easy.

It starts with you entering your email address and choosing a password. Afterward, you’ll be asked to select your country of residence and nationality, and you’ll need to confirm if you are resident in the U.S. or not for tax purposes.

The next screen will request for your first and last name — and that’s it, your account is almost all set up. Next, verify your email address, and you can fund it to begin trading.

Meanwhile, you can as well go through the site very well to take a quick tour and understand some things. If you’re a beginner, the brokerage platform provides an array of educational materials and trading dictionaries that can improve your learning experience.

How to Make a Deposit On Currency.com?

To make a deposit on the platform is very simple. Follow the steps given below for a faster and more accurate quick deposit.

• Log in to your account on currency.com and in case you conduct your first deposit click on the “Deposit” button or the “Wallets” button in case you made deposits prior, and choose “Deposit” next to the currency you are interested in.

After you’ve done that, you will see two options for fiat:

Bank transfer: By choosing this option, you can see all the required payment details.

Note: the bank account you conduct your deposit from should be opened in your name and preferably written the same way it appears on your identification document.

Bank card: After clicking on the button, you should specify your card details and conduct your payment (Make sure you input the details correctly).

You can now deposit fiat money using a VISA or MasterCard debit or credit card.

Note: that using MasterCard, emitted out of the Republic of Belarus, involves a RUB conversion, but funds will still be credited in your chosen currency.

Cryptocurrency Deposit: You should log in to your account, click on the “wallets” button and choose “deposit” next to the cryptocurrency you are interested in.

After choosing this variant, you will see a crypto address that you should use for depositing. Complete the transfer for your wallet and wait for the network confirmation.

How to Make a Withdrawal on Currency.com

You should log in to your account, click on the “wallets” button and choose “withdraw” next to the currency you are interested in.

After that you will have three options:

• Bank transfer: If you are choosing this option, you will be able to enter all the required payment details.

Please take note that a bank account should be opened in your personal name.

Also, You are required to send a confirmation that the bank account is opened in your name and via the email provided while signing up.

• Bank card: After you click on this “bank card” button, your withdrawal will be automatically conducted on the chosen bank card.

But If you didn’t see an option for bank card withdrawal, it merely means that your card is not activated within the platform and In order to do it, you need to deposit from your card.

• Crypto Wallet: After you choose this option, you will have to enter your crypto wallet address towards which you want to conduct a withdrawal.

Please, make sure that you mention the right withdrawal address.

It can sometimes take up to three business days to process a withdrawal.

How to Buy and Sell Bitcoin on Currency.com

After creating an account on Currency.com, you need to fund your account before you can buy Bitcoin. Since you’re looking to buy cryptocurrency, we assume that you do not hold any and will deposit cash on the platform using any of the deposit options available including a Bank card or wire transfer.

After depositing the funds, you can head over to the cryptocurrency markets section and select your preferred trading pairs to convert fiat to Bitcoin, Ethereum, or other cryptocurrencies.

The platform offers a wide range of crypto-to-fiat pairs that are not available even on some of the world’s largest cryptocurrency exchanges. These include Belarusian Rubles, Russian Rubles, Swedish Krona, etc.

Refer and earn

The Currency.com referral program provides you with 50% of all trading commissions your referee pays for the first six months after their account has been verified. Any bonuses you receive will appear on your statement as a cash adjustment every week.

All bonuses will be listed in the Reports tab on the web platform and in the app. Your referee will also receive a 10% discount for exchange & trading commissions, which will be valid for up to three months.

The affiliate program entitles its users to a 10% sub-affiliate free. To get into the program, clients are required to register, log in and get the referral and their own affiliate link. A number of other marketing materials are also available.

Regulation

Currency.com brands itself as the best-regulated tokenized cryptocurrency exchange. But the question arises:

Where is Currency.com Regulated?

Currency Com Bel LLC is regulated in Belarus under the country’s newly enacted laws for the blockchain industry. Additionally, the Supervisory Board of the High Technologies Park, an agency for blockchain-related companies in Belarus conducts regular audits of the platform’s activities.

At this point, though, it is vital to note that being regulated does not mean that a broker cannot go bankrupt. Instead, it makes it easier for traders to trust that the platform has skin in the game and maintains the best operating standards.

Leveraged Trading

Leveraged trading is a speculative tool that has as many benefits as it has disadvantages. Currency.com offers up to 1:500 leverage for some of the available markets, making it the preferred choice for experienced margin traders.

For new traders, however, we’d recommend that you use margin trading only for low-risk speculation, and even so, to use lower margin ratios to avoid liquidation.

Demo Accounts

Demo trading accounts provide an opportunity to understand market dynamics without putting real money on the line. Like some leading brokerage platforms, Currency.com offers such a provision for learners with a 10BTC virtual account and up to 100x leverage.

How To Download the Currency.com App

A mobile app provides an opportunity for traders to take advantage of market movements without having to use a To make your work easy or to get faster access to Currency.com, it would be advisable to download the app on play store.

Downloading the app isn’t one hard task. It’s very effortless and straightforward for everyone.

What you have to do is to follow the step given below to download the app:

• Go to Google’s Play Store or Apple Store
• Search for Currency.com or click this link here.
• Click on Install
• After downloading the app, you can log in with your credentials.

That’s it. Your new trading companion is ready.

What is Missing?

Currency.com at the time of writing does not offer cryptocurrency-based futures contracts, and perpetual contracts. Also, the platform does not have a desktop client, even though many traders are used to trading with this option.

Conclusion

In summary, we’ve covered some of the futures of the Currency.com trading platform in this extensive review.

Fees are fair, and competitive as compared to other trading platforms. Clients can get access to its learning platform, where they can seek real-time and related information on assets and market dynamics.

You can invest in the world’s largest cryptocurrencies like Bitcoin, Ethereum, and Litecoin with great liquidity and at competitive prices using cryptocurrencies as collateral. There is no need to pay for brokerage services to purchase and sell these assets; rather, you can carry out your trading activities by yourself.

Internet marketers can explore additional ways of making huge money through the broker’s robust referral and affiliate program, which pays out a 50% commission on each trade made by the traders via a revenue share model.

Lastly, beginner traders can hone their skills using a 10BTC demo trading account with 100x leverage.

If you’re looking for a single platform to unlock access to the general financial market, then you may want to consider Currency.com.