Cryptocurrency trading is a sure way to increase your monthly income. So, if you are thinking about venturing into this field, then I can assure you that it will be a good decision. Nowadays, anyone can become a successful online trader on the condition that they have a reliable broker. The brokerage firm that you sign up with is like your business partner. So, you should always make sure to sign up with one that steers you towards success.
The cryptocurrency market is one of the most volatile markets in the industry. This means that the asset rates can fluctuate majorly within a day. Therefore, if you want to become a crypto trader, then you should find a broker that can keep up with the high volatility. To help you get started, I want to recommend a crypto broker that satisfied me greatly with its services. The crypto broker that I want to talk about is BitOpps which is a great choice for new traders as well as professional ones. So, let’s take a look at the top features of this trading firm.
Top Features Of BitOpps
1. Cryptocurrency Asset Index
BitOpps is a crypto broker which means that its prime focus is on providing the best circumstances for cryptocurrency trading. This includes providing you with an impressive cryptocurrency index. When you decide to trade this digital currency, you have to pick one currency to trade with. This doesn’t mean that you can only pick one currency and have to trade with it forever. But, you do need to have some idea about what you want to trade with. You cannot just stick to Bitcoin as your sole asset of trade.
BitOpps provides a wide index of cryptocurrencies that you can trade with. You can choose the currency that you want to trade with as the options vary from the major cryptos like Bitcoin to some minor ones. The assets that this trading firm supports include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, EOS, Ripple, NEO, Monero, and several more. With access to such a large variety of crypto markets, you can experience trading in different market conditions as a new trader. Also, it is great for experienced or professional traders as the different options available helps maintain a versatile portfolio.
2. Security Protocols & Regulations
The one thing that you should never compromise on when it comes to online trading is on the security protocols and the regulatory status. Online trading firms are a major target for hackers because they hold a lot of private information about the customers as well have access to the bank accounts. Therefore, online trading firms should do their best to keep the security measures updated at all times.
BitOpps is impressive in this regard as they have taken strict security measures and also are a fully regulated firm. The broker protects your information via 100% SSL encryption software that turns your data into numbers and symbols making your information useless to any outside sources. The security systems are also updated regularly to fix any bugs that may occur.
BitOpps is fully regulated and compliant with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. Regulations mean that a third-party agency monitors the broker’s actions to make sure that it is not involved in any illegal activities. The aforementioned policies keep your account from being used by hackers or any outsiders. Due to the regulatory restrictions, citizens of the US cannot use BitOpps for trading cryptocurrencies.
3. Easy Deposit/ Withdrawal Methods
Online trading requires frequent transactions to and from your bank account. This is because you need to have some investment capital in your account and also take out your earnings. To make this process easier for customers, BitOpps has designed easy deposit and withdrawal methods. You may be required to provide personal information before withdrawing your funds as per the regulatory requirements.
What’s more, is that it also supports several methods of payments. The broker accepts payments via debit and credit cards for fiat and e-wallets for cryptocurrencies.
4. User-friendly Trading Platform
The trading platform that BitOpps offers is a propriety web trader. Web traders are a personal favourite of mine as they do not require any special devices or regular updates. You can access your account by simply visiting the website of the broker. People have doubts about self-developed trading platforms of trading firms. But you will find that all aspects of BitOpps’s trading platform were developed with great care to avoid any bugs.
You can enjoy a great number of tools that will allow you to make profitable trade decisions. The trading platform also offers one-click trading which aids in faster execution of trade orders. It also offers charting tools and price alerts at all times. It can be used on any device that supports a browser and an internet connection.
5. Proper Leverage & Tight Spreads
When it comes to leverage and spreads, BitOpps is completely transparent. The brokerage firm mentions its spread and leverage rates for every cryptocurrency that it supports. You can see what they offer on different cryptocurrencies on their website.
Spread is the difference between the selling and purchasing price of the asset. BitOpps offers tight spreads to traders which makes for great trading costs. Leverage is the contribution of the broker into your investments. This crypto broker offers varying leverage rates on each asset. However, the leverage rates are pretty impressive as they go as high as 1:100. This means that for every $1 that you invest the broker will put in $100.
BitOpps is a great crypto broker that does the most to facilitate its customers. In addition to the to- quality services that it offers, you also have access to an active customer support department. Many people are hesitant to start online trading due to safety issues, however, the security protocols offered by BitOpps nullify all fears.
This review is based on my personal experience with the broker. So, you may not be as happy with its services as I am. However, one thing I am certain of is that you will not be disappointed either. This crypto broker is great for anyone new to the crypto trading world.