Is Currency.com Regulated?
Currency.com Licensing and Regulation
Currency.com website states that: “We are operating according to the existing legislature of the Republic of Belarus, namely following the Decree No. 8 of 21.12.2017 “On the development of the digital economy“, and are regulated by the High Technology Park.”
Currency.com Review 2020: The Regulated Tokenized Securities Crypto Exchange for Traders and Investors
Are you looking for a fresh, innovative, and advanced exchange platform that not only serves as a cryptocurrency exchange but also as a tokenized securities exchange as well? Then you have come to the right place because here you are going to be introduced with the world’s best regulated tokenized securities crypto exchange Currency.com. It was developed just a year ago at the start of 2019 and is a young, fresh, and innovative tokenized crypto exchange. Currency.com has been developed keeping in view the needs of today’s markets including both finance and crypto markets and was designed accordingly to cover the left gaps between these two markets. Let’s have a closer look at Currency.com and see what we can find else about this exchange platform.
Currency.com Basic information
According to the company’s claim, Currency.com is the world’s first fully regulated tokenized securities cryptocurrency exchange where you can trade directly in crypto and make profits in crypto without having the need of converting crypto into fiat money. It is a platform of tokenized security that was developed at the beginning of the year 2019 to make the complex and troublesome process of trading very easy, simple, quick, and hassle-free for users.
This tokenized securities crypto exchange has been directly authorized and regulated by the Hi-Tech Park (HTP) of Belarus and has a regulatory license. With a new approach towards the investment technologies, this award-winning tokenized securities crypto exchange has been established to bridge the gap between the cryptocurrency and traditional finance world.
On this innovative exchange platform, you are allowed to trade with a substantial variety of assets. Currently, there are more than 1300 tokenized assets available on the platform and aims to increase these tokenized assets up to 10000 in the future. Here, you have the opportunity to invest in the world’s most popular cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). In addition to this, the platform also has around 37000 mobile app installs in 2019.
Now that you have got an idea about what the currency.com is I would like to start sharing some other related information with you regarding this exchange platform and what features it offers.
Currency.com is flooded with Top features
For users, Currency.com is like a sea that is flooded with various top features. You cannot imagine how much this tokenized exchange platform is committed to facilitating you. Have a look at what you are provided with on this exchange platform.
1) Flexible and Powerful Trading platform
As mentioned above, currency.com has been developed to cover the gap between the new world of cryptocurrency and the real world of financial assets. It is a flexible, the most powerful, and the ultimate cryptocurrency trading platform where traders can trade a broad spectrum of global financial instruments in a fast and quick way. On its trading platform, currency.com offers its investors the option to diversify their portfolios by accessing as diverse a range of markets as possible because it is striving for a seamless financial democracy.
Being an innovative trading platform, it allows you to invest in more than 1300 tokenized securities with a rapidly growing list of fiat currencies and cryptocurrencies. As a flexible trading platform, it allows you to trade the leading digital asset Bitcoin with a leverage of up to 100x and guaranteed stop losses. By opening your account in just three minutes, you can invest in a diverse and vast range of crypto assets available on the platform including tokenized stocks, commodities, and indices.
This powerful and effective trading platform ensures liquidity and fast & reliable execution. Currency.com offers great risk management tools with real-time price alerts and negative balance protection on its platform in the presence of the most stringent industry standards and rigorous AML rules. Moreover, the currency.com trading platform is driven with the help of the most advanced technology and an experienced team with a track record in building trading exchanges is given the job of best-in-class execution on the platform.
2) Tokenized trading
With the availability of over 1300 tokenized assets, currency.com supports tokenized trading on its platform. Tokenized securities are basically the securities in the trading market present in the form of blockchain tokens and are transferred on the basis of blockchain technology. In tokenized trading, clients can trade tokenized indices such as the EU50, US100, S&P500, and FTSE100, tokenized commodities such as gold, silver, platinum, natural gas, palladium, government bonds including the Belarus 252/USD, tokenized shares like the Coca-Cola, Amazon, Apple, Google, Tesla, Netflix, and famous crypto pairs such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC).
3) Leverage Trading
Currency.com offers the facility of leverage trading on its platform. The quality of leverage trading is that it provides traders or investors an opportunity to increase their trading position and can earn massive returns. Along with maximizing their profits, with leverage trading, traders can also expand and diversify their portfolio. On currency.com, these are the leverages that you get such as leverage of up to up to 20x for tokenized stocks, a leverage of up to 10x for cryptocurrencies, a leverage of up to 100x for tokenized commodities, and a leverage of up to 100x for tokenized indices. However, it is really important to highlight the fact here that where traders earn huge profits with leverage trading, they can also face massive losses while trading with leverage.
4) Currency.com Mobile app
To make trading easy and simple for its clients, currency.com has a mobile app as well. It is very simple to invest in cryptocurrency with the currency.com app. With the help of the currency.com app, you can easily buy your first crypto, you can buy bitcoin with a credit card, and you can safely store your crypto assets. The currency.com app is designed to instantly buy crypto tokens with fiat money at competitive prices, store your holdings securely, and transfer your crypto with ease. While trading with this mobile app, you get a smooth financial experience.
5) Demo account
As there is a long list of quality features present on the Currency.com platform, among them is the fraction of the demo account for its users. They can try the demo account before they get into live trading to learn how to use the advanced trading technologies provided by currency.com in trading. The demo trading account has been developed with the same interface as the live trading account and has been added to the platform to give users an effective trading experience. Currency.com’s users can trade around 300 tokenized assets on this featured demo trading account with the 500x leverage.
High-class Security system
Currency.com does not compromise on the matter of security. For this tokenized crypto exchange, security comes at first. Therefore, currency.com has designed a high-class security system and uses strictest security measures and advanced technology to protect its clients, their funds, their personal information, and their transaction records. Making the security of the clients its priority, it has created the Fort Knox of cryptocurrency to ensure the safety of their holdings. These are the strictest security measures that currency.com uses with advanced technology:
- First of all, currency.com has the best two-factor authentication and uses it in all aspects of its platform including login, funding, trading, and actions that are performed using API keys.
- It has a discrete PGP/GPG system for email encryption and verification. Currency.com uses this system to secure document upload and verification and the highest level of global encryption that prevents tampering with any aspect of its clients’ holdings and personal information.
- com has built Fort Knox of cryptocurrency for securing your holdings. It is the best way to ensure the security of clients’ data by locking it behind both literal and technological bars.
- Your assets are kept in cold wallets. However, some of your coins are stored in semi-cold wallets on protected machines with encrypted and locked drives. On this platform, each and every wallet has been encrypted to the highest level.
- Apart from this, your funds are stored in a bank account which is completely separate from the operations of the company.
- As you know that the exchange platform is regulated and authorized by the Hi-Tech Park (HTP) of Belarus therefore, it is highly subjected to the strictest scrutiny from the world’s only jurisdiction with overall legal regulation of businesses based on blockchain technology.
How to sign up? A straightforward registration process
To sign up on this platform is like a piece of cake. Currency.com has a fair, straightforward, and simple sign-up process. You will be required to provide your personal details to get yourself completely registered on the currency.com platform. In order to sign up on this platform, you will have to go through some of the registration steps. Follow these steps described below one by one:
Step-2: After that, you have to provide your personal credentials such as your residence address, street, house number, apartment, city, and your full name.
Step-3: Then the next step is the verification of your email. Simply go to your email, find a message from Currency.com and press on “confirm”. Once email verification gets completed, then press on the “Continue registration” button.
Step-4: After that activate two-factor authentication. You can also do it later as well.
Step-5: the next step is to verify your identity. It is a quick process. What you have to do is to upload your passport or choose “do this later”. For ID verification, you need to provide a picture of your official, government-issued ID.
Step-6: the final step is of address verification. In order to verify your address, you will have to provide proof of residential address by giving some sort of document that contains your address.
Currency.com strives for quick Deposits and withdrawals
Deposits and withdrawal processes are fairly simple and straightforward on the Currency.com platform like its sign-up process. Currency.com strives for quick deposits and withdrawals. Usually, it takes up to three business days to process a withdrawal request however the company tries its level best to process all of the withdrawal requests within one day. The company strives to shorten the processing time by working more closely with banking providers. The minimum crypto deposit amount is 0.002 BTC, 0.1 ETH, 0.05 BCH or 0.2 LTC. If your deposit is less than this specified amount, then your deposit money will not appear on your account balance and will remain to disappear until your deposit money exceeds the specified minimum amount. Therefore, you must not go below the specified amount.
Currency.com offers a vast range of payment methods for deposits and withdrawals. The accepted payment methods on this trading platform are Visa cards, Bank Wire transfer, MasterCard. If you use credit cards (Master Card, VISA) as your payment method, then the minimum deposit and withdrawal amount is 100 EUR, 100 USD, 7000 EUR or 250 BUN. However, the minimum deposit and withdrawal amount on Bank Transfer is 50 USD. The deposit of fiat currency is also accepted on this trading platform. The specified minimum deposit amount is 0.01 BTC or 0.1 ETH for the deposit of both fiat and cryptocurrency.
Users of currency.com should also know that on this trading platform, each crypto deposit and withdrawal need to be verified with a number of confirmations. For instance, two confirmations are required for BTC while for ETH 12 confirmations are required.
Fees on the currency.com trading platform are highly competitive offered by currency.com on both tokenized trading as well as margin trading. Currency.com is transparent about its fees and charges. You are charged with two types of fees on this trading platform i.e. platform fees and deposits & withdrawal fees.
These include different fee types such as trading fees, exchange fees, and funding fees. Following is the fee schedule for platform fees:
|Trading fee||Cryptos taker fee: 0.075%
Cryptos maker fee: -0.025%*
Tokenised assets (Shares, ETFs, Indices, Commodities): 0.0125%
Tokenised currencies: 0.002%
|Exchange fee||Cryptos: 0.2%
Tokenised assets (Shares, ETFs, Indices, Commodities): 0.05%
Tokenised bonds: 0.03%
Tokenised currencies: 1%**
Companies tokens: 0% (buy), 1.5% (sell)
|Funding fee||Fees will apply to continuous leveraged trades held according to the market rate|
Deposits and Withdrawal fees
Secondly, there are deposits and withdrawal fees on the platform. Deposits and withdrawal fees depend upon the payment method that you use. For instance, if you use Visa or MasterCard, you will have to pay a deposit commission of 3.5% while the withdrawal commission for credit cards (Visa and MasterCard) is 2.4% + 3 USD. The deposit commission on Bank Transfer is completely free of cost however you have to pay a withdrawal commission of 0.15% (min 20 USD, max 150 USD) if you go with the Bank Transfer payment method for withdrawing your money.
If you make withdrawals and deposits in cryptocurrency then following is the commission schedule:
Supported and Restricted countries
As currency.com is a regulated, licensed, and trusted crypto exchange, therefore, it accepts users from around the whole world. In terms of providing service delivery, the exchange has got fame all around the whole globe and has the mission of becoming a complete decentralized exchange by the year 2023. Regulators from three countries have regulated this tokenized crypto exchange. These include the United Kingdom (UK) Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CSEC), and the Belarusian 8th decree on the development of the digital economy.
The exchange is supported worldwide however there are some of the countries that are not accepted on this exchange platform. The restricted countries on the Currency.com platform are the Bahamas, Botswana, Cambodia, Democratic People’s Republic of Korea (DPRK), Ghana, Iran, Iceland, Mongolia, Pakistan, Panama, Syria, Yemen, Trinidad and Tobago, Zimbabwe, and the United States of America.
Join Currency.com to fight against the COVID-19 Pandemic
Currency.com has recently launched fundraising to support the health care system in Belarus and has donated $100,000 in order to help medical professionals so that they could purchase the necessary equipment and protective gear. This is a great initiative started by Currency.com to fight against the Coronavirus pandemic.
You can also become a part of Currency.com’s fundraising center if you want to fight against this pandemic. What you have to do is to join Currency.com and donate any amount of cryptocurrency or fiat money. In order to be a part of this fundraising center, you are required to open an account at Currency.com, then make a deposit in cryptocurrency or in fiat money and get tokens, and then buy any number of “KARMA.cx” tokens. The funds made from their tokens will be used to support health care in Belarus.
Regarding the Currency.com’s COVID-19 help center, the General Manager at Currency Com Bel LLC Alexander Shevchenko says:
“We are proud that our team has managed to create one of the best financial platforms in just one year’s time, and now can help health workers who bear the brunt of coronavirus. Hospitals may need additional lung ventilators or anti-virus protection that can save lives. We are confident that any help matters and is important for the country. We hope that the crypto and IT communities will step in.”
Why currency.com is the best regulated tokenized crypto exchange?
Currency.com is considered as the best regulated tokenized cryptocurrency exchange. But the question arises what makes it so special, unique, and different from other tokenized exchange platforms. Here is why it is the world’s best regulated tokenized crypto exchange:
- The first reason is that you can trade with crypto and earn profits in crypto. You can use crypto to trade no-coiner markets like Apple, DAX 30 and Oil with the most powerful platform.
- You elevate your trading strategy and can have access to over 75 technical indicators like Ichimoku and Bollinger bands and a wide range of drawing tools.
- You can invest in the world’s most famous cryptocurrencies Bitcoin and Ethereum with great liquidity and at competitive prices.
- There are over 1300 tokenized securities available on the platform. You can also buy deliverable tokenized securities available for withdrawal and store the tokens privately and securely.
- The currency.com platform is regulated and authorized by the laws of the Republic of Belarus and has a regulatory license from the Hi-Tech Park (HTP) of Belarus.
- You can enjoy the facility of a demo trading account and you can get up to 10 BTC on your demo account.
- The company offers you additional ways of making huge money through its referral and affiliate program. Its affiliate program provides investors an opportunity to earn money by providing services to other users of the company. Clients who participate in this program receive 50% of the commission on each trade made by the traders via a revenue share model.
- The trading platform of Currency.com is full of technical analysis tools. The most important and useful analysis tools are the price movement channel, head and shoulder pattern (a reversal chart), and the Fibonacci retracement technique.
- com understands the importance of education and presents a learning platform. Clients can get access to its learning platform where they can seek real-time and related information on assets and market dynamics.
- Fees on the Currency.com trading platform are low, fair, and competitive as compared to other trading platforms.
- On the currency.com platform, you can create and verify your account remotely.
- Most importantly, with Currency.com, you do not have to pay for brokerage services to purchase and sell securities rather you can carry out your trading activities by yourself.
Quality Customer support
Currency.com is also known for providing quality customer support service in the presence of experienced and professional customer support service team. Currency.com offers 24/7 customer support and has a robust support system to ease its users. It also has a live chat feature and provides customer help to its clients through a wide range of channels including Email firstname.lastname@example.org, Phone +375293757075, Livechat, Viber, Whatsapp, Telegram, Facebook messenger, etc. Apart from this, Currency.com also has an extensive Frequently Asked Questions (FAQs) section available on the platform for the help of its customers.
In the cryptocurrency industry and the financial market, you would not find such an innovative and fresh tokenized exchange as the Currency.com is. Being the world’s Best Tokenized securities crypto exchange, Currency.com knows each and everything about the financial and crypto exchange bridging the gap between both the financial and crypto worlds. It is set to become a fully decentralized exchange by the year 2023 and is making hard efforts to achieve this mission. Conclusively, this well-known tokenized securities crypto exchange is made for you.
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Great review of a great cryptocurrency platform. I’d rate it 5/5 too.
Nice and promising platform for trading both cryptocurrency and non crypto.
Currency.com is one of the best exchanges that I’ve tried so far. It is quite secure too.
Nice cryptocurrency exchange. It has all the functions I need.
Been trading here for a while. Enjoy everything so far.
I’m grateful that Currency.com supports the COVID-19 positive people and raise money for their health.
There are very few platforms left with the demo. I’m glad Currency.com has that option.