Currency.com Exchange Review
In this post we give a non biased review of the Crypto Exchange Currency.com and share details about features, fees and an overview of their site.
Disclaimer: Under NO circumstance should this review be interpreted as a recommendation to trade or an endorsement of a trading platform, supplier or of a specific cryptocurrency.
last updated on:15 June 2020
Currency.com Exchange Review – QUICK NAVIGATION
QUICK FACTS – Currency.com Crypto Exchange
Type: Trading platform/crypto exchange
Founder: Currency Com Bel LLC
Headquarters: Minsk, Belarus
Currency.com Crypto Exchange Review:
Overview of Currency.com
Currency.com located in Minsk, Belarus is the first officially regulated tokenized securities exchange, allowing you to buy and sell over 1,300 tokenized securities, including the following cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as government bonds and top tokenized stock indices,
Founded in 2019, Currency.com is owned by Currency.com Bel LC and is headquartered in Minsk, Belarus with offices in London and Gibraltar.
Tailored for cryptocurrency investors whose main focus is to trade the global financial markets
Currency.com is always looking at expanding and aims to have more than 10,000 tokenized trading features in the future
Currency.com Exchange Bonuses: Sign up bonus
Currency.com has an intriguing referral programme where you can get a bonus by referring a friend.
When someone signs up using your referral link you will automatically receive 10% discount on all your trading then when your referred friend trades you automatically earn 50% commission off there trading fees for a whole 6 month
Here’s how you get a referral code:
- Download the app on your smartphone
- Login to currency.com using the app
- Click on the referrals tab
- Find your referral link
Trading on crypto exchange: Currency.com
Currency.com allows you to trade both with and without leverage, giving you the option to decide what sort of risk you are wanting to impose. The crypto-assets can be traded with upto a maximum of x20 leverage, while traditional assets can be traded with up to a x200 leverage.
Currency.com charges two types of fees: deposit and withdrawal and platform fees.
Trading fees will include: exchange and funding fees,and asset fees
Trading fees are quite low, too, as you only have to pay 0.2% per trade. Apart from the trading fees, Currency.com also charges deposit and withdrawal fees. For the most part, these depend on what sort of payment network you’re using.
The following table explains the platform fees:
|Platform function||Fee type||%|
|Leverage (margin) trading fees||Crypto’s taker fee||0.075%|
|–||Crypto’s maker fee||– 0.025% (rebate)|
|–||Tokenized assets (shares, ETF’s, Indices, Commodities)||0.0125%|
|–||Tokenized assets (shares, ETF’s, Indices, Commodities)||0.05%|
|–||Companies tokens (buy)||0%|
And these are the fees associated with depositing and withdrawals
|Method||Max. deposit||Deposit fee||Min.withdrawal||Withdrawal fee|
|VISA||100 USD/EUR*||24 000 USD* or individual||3.5%||100 USD/EUR*|
|Mastercard||100 USD/EUR*||24 000 USD* or individual||3.5%||100 USD/EUR*|
|Bank Transfer (international)||50 USD/EUR*||24 000 USD* or individual||Free||50 USD/EUR*|
|Bank Transfer (Belarus resident)||50 USD/EUR*||24 000 USD* or individual||Free||50 USD/EUR*|
Withdrawal on Currency.com
You will need to pay a commission fee for you to be able to withdraw your funds from Currency.com. The table above gives more information about the withdrawal charges.
When it comes to withdrawal methods, You are free to send out funds either directly to your bank account, or cryptocurrency wallet. It can take upto three business days for fiat withdrawals while cryptocurrency transactions are processed the same working day as requested.
User Experience on Currency.com
Currency.com is easy to use and has a well-designed layout. The ease of use translates through the transitioning between the different windows and elements you can use on currency.com, for an experienced user in trading currency.com will be smooth sailing without any fuss. If you arent an avid trader don’t worry the interface is pretty simple to understand and navigate nonetheless.
Charts are quite easy to use and are the same for mobile.
1300 markets currently available but not many coins so only the main ones listed.
Currency.com offers margin trading but no other products.
The mobile experience is pretty good and not dissimilar to the desktop version
As of the time of writing this article there has been no security breaches on currency.com with it using the technology of capital.com and is proud to share that the servers are stored in the LD4 which is known to house some of the trading platform specialists
Currency.com has 1,300+ tokenized assets presently available and about 10,000 assets set as a future goal as well as approximately 37000 mobile app installs in 2019 and has a impressive 100+ employees
Support & Social
This is quite a strong aspect of currency.com. They can be contacted by email, phone, livechat, and other social media channels such as Viber, Whatsapp, Telegram and Facebook Messenger. Response time on social is reasonably good according to customer comments.
Crypto Exchange: Our Rating of Currency.com
Currency.com looks to be the modern take blending your traditional trading with a new and fresh approach to the industry. It is definitely a pro that the fee charges are relatively low and they have an impressive security system.