Currency.com was launched in the year 2019. It is a platform for crypto exchange as well as tokenized securities exchange. Many people do not understand the term tokenized security. Well tokenized security can be defined in simple terms as a non-crypto asset which has been tokenized i.e. made into a crypto. For instance, at currency.com you can do the trading of tokenized shares of Facebook, Apple, etc. and you can also share indices without any need to withdraw the cryptos. Also, there is no need of converting these cryptos into flat currencies. From the point of view of tax, it can be a very good thing for you.
Now, as per the last updated review, the currency.com has 1,358 tokenized securities. You can trade 3 biggest cryptos one is Bitcoin, Ethereum, and Lite Coin. Currency.com has its office in Belarus. And it is regulated by HTP i.e. High Technology Park of Belarus. It is a European blockchain regulator. The currency.com exchange is not open for the people of the United States and some other countries. At currency.com trading platform, you can trade with up to certain leverage. For example, you trade with 10x leverage and have USD 1,000 it would mean that you can place USD 10,000 on something.
Leverages Offered –
On Currency.com you can trade with the following leverages – for tokenized stocks you can trade up to 20x. For cryptos, you can trade to 10x leverage. On tokenized commodities, the leverage is up to 100x. And tokenized indices you will find leverage up to 100x. So, these are the leverages that are offered in trading. Unique trading features are offered by the Currency.com to its traders. And the traders or the customers have the chances of trading with indices, commodities, shares, and also cryptos. Plus, in cryptos, as already mentioned there is no need for converting it into flat currencies.
Regulated by the Regulatory Authority –
As Currency.com exchange is securely regulated by the HTP i.e. Hi-Tech Park stringent scrutiny is done from the blockchain technology legal authority. This form of security means that the interest and investments of the traders/customer are protected by the regulatory body. It also means that in future if there is any kind of dispute between the Currency.com broker and the customer, and then such dispute shall be resolved by the regulatory authority. Plus, the investments of the customer/trader are completely secure with the Currency.com broker. In case of any dispute arising between the broker or trader or loss of investment, then it shall be reimbursed by the regulatory body.
Security Measures followed by Currency.com –
Plus, the broker also ensures that every trader has the full right to their own account. And there is no third party that can have access to your account. Due to this reason, Currency.com has engaged 2-factor authentications into its entire platform. It includes trading, funding, logging and other arrangements made using API keys. Using the API keys is one feature which has been specially engaged to protect the cryptos and investments of the traders from the attacks and infringement of the cyber hackers.
Then, there is also ad-on security feature that has been engaged in which customers will be able to use the distinct 2-factor authentication channel known as the master key. This is specially made incase if the trader/customer loses the track of his trading account. Safety and providing security measures to its customers is of the utmost importance for the Currency.com broker. There is also another security feature i.e. email encryption and verification. This is provided for a safe uploading of all the important documents and verification is also done. It is one such kind of encryption which is of a very high level and global in nature which protects all the data and assets of the customer.
On Lock device and encryption protected machines, the firm stores a limited number of coins in the semi-cold wallets. And the coins which are used in operational liquidity come in an exception. Each and every wallet is encrypted making it although more secure and reliable. Plus, in order to protect the funds of the traders/customers, the firm chooses to keep those funds different from the operational accounts. Now, this money of the customer cannot be borrowed or lent for any need or use or purpose on the Currency.com s platform.
Follows Anti-Money Laundering Policy –
Other important security features of the Currency.com are that it follows a strict AML policy and KYC compliance. It follows and abides by the rules and regulations of AML i.e. Anti-Money Laundering policy. At least once every year the Currency.com Company is audited by 4 accountancy firms which are very big, well known and reputed. Also, the Belarusian authorities made it a purpose-built regulation. Plus, all the communication with this firm is encrypted using https. Then, it also has a trustworthy ascendable order similar engine which easily manages 5 million orders per second.
Deposits & Withdrawals –
For data processing, Currency.com has a very exceedingly consigned personnel and stringent sanction protocol. And the services which are holding or having users data for the military-grade physical security measure are being opted. The deposits and withdrawals are very easy and flexible with the Currency.com. Some withdrawal request by the traders or the customers can take up to 2 business days. But most of the time you will find that the company honors your request and processes it the same day. Plus, the customers are also free to send their withdrawals to their bank account or their cryptocurrency or bitcoin wallets.
Commission Free Deposits –
And when it comes to depositing funds by the customer to their trading accounts, they can do it through bank transfer or they can also use the credit card for the same. One point to note is that the deposits in any form by the customer is free from any kind of commission. Every crypto payment, deposits, and withdrawals are always verified and confirmed. And the no. of confirmation you get is dependent on the no. of deposits that you make. Deposits can be made by the traders even through their Visa Card and also Master Card.
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