Currency.com Review

Currency.com is an innovative web-based platform and mobile app that enables cryptocurrency owners (such as Bitcoin, Ethereum, or Litecoin and more), to trade financial assets, indices, and commodities from the world’s largest companies without having to convert their cryptocurrency to fiat currency.

The world’s first regulated tokenized securities trading platform allows its users to gain access to traditional assets using cryptocurrencies as collateral. Users can use cryptocurrency to trade in crypto and receive their profits in cryptocurrency as well.

Put in simple words, at Currency.com, you can trade the tokenized shares of Tesla, Facebook, Netflix and Apple without having to convert them into fiat currency.

Besides trading assets, Currency.com provides also the opportunity for cryptocurrency margin trading. Currently, three major cryptos can be leveraged, Bitcoin, Ethereum, and Litecoin. The platform aims to establish itself as one of the dominant players in the field by offering a leverage of up to 20x.

Both the web-based platform and the iOS and Android apps provide the same functionalities so that you can trade on the go.

Currency.com Overview

ExchangeCurrency.com
Minimum deposit100 USD/0.01 BTC
AssetsCrypto & tokenized assets
PlatformsMobile & Desktop
ToolsCharting tools & advanced order types
Deposit methodsBank wire transfer, credit cards (Visa card and master cards), and crypto transfer
Location Minsk, Belarus
Parent CompanyCurrency.com BCL LLC

Currency.com bases its operations on the vast experience and knowledge of its parent company, Currency.com BCL LLC. The company’s headquarters are based in Minsk Belarus, and offices in the United Kingdom and Gibraltar. Two strategic locations for expanding the reach of the platform across the globe. The main aim of Currency.com is to create a regulated environment for the trade of cryptocurrencies. This platform is ideal for investors who own Bitcoin, Litecoin or Ethereum as it helps them add financial assets from top companies as well as commodities to their portfolios.

Currency.com can be considered a relatively new platform but it already has a portfolio of over $20 million in transactions with more than 5000 users. The platform capitalizes on the transparency that blockchain technology provides and provides high security for its users using layers of protection.

The main goal is to provide incentives to traditional investors to expand to cryptocurrencies or provide investment alternatives to crypto owners. One of the benchmarks of the platform is to include over 8000 tokenized assets to its current array of more than 1300 assets.

Available Markets

Currency.com offers a broad range of financial instruments all of which can help traders leverage their crypto holdings on traditional markets.

Tokenized Indices

On Currency.com investors can trade the world’s top indices, like the S&P 500 or the FTSE 100, through tokenized securities – without ever exchanging your crypto for fiat. The platform offers the following indices: DE30, US500, US100, IT40, CN50, NL25, EU50, FR40, US30, SP35.

Tokenized Indices Preview

Tokenized Shares

Currency.com offers tokenized shares of some of the world’s biggest companies such as Fiverr, Uber, Slack Technologies, NVIDIA, AT&T, Visa, Netflix, Tesla, Apple, and countless others.

Tokenized Commodities

From gold to cocoa, investors can use their cryptocurrency to take advantage of the global commodity markets.

Tokenized Government Bonds

Currency.com only allows trading with Belarusian government bonds.

Currency.com Company

The Currency.com exchange launched in early 2019 as the world’s first regulated tokenized securities exchange. The company is incorporated in Minsk, Belarus, and is owned and operated by its mother company Currency Com Bel LLC.

Currency.com Features

Belarus is one of the most forward-looking countries for cryptocurrencies and related business ventures. Belarus was the first country in the world to create a bespoke legislative framework tailored to all aspects of cryptocurrencies – ICOs, blockchain, exchanges and tokenised securities specifically.

The leading team consists of CEO Ivan Gowan, General Manager Alexander Schevchenko, Head of Compliance Nigel Crome, Head of Project Management Victor Pergament, and Head of Development Dmitry Ogievic while the company employs more than 100 employees.

According to their website Currency.com exchange is regulated by the UK Financial Conduct Authority, Cyprus Securities and Exchange Commission, as well as the Belarusian 8th Decree on Development of Digital Economy. The platform follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. It has a strict data protection policy and is audited by the accounting firm Ernst & Young. All these provide insurance that the tokenized securities are valid.

The platform has quickly gained a great reputation as an innovative and trustworthy broker. Currency.com has been awarded as “the Best cryptocurrency exchange CIS” in 2019 and has received awards praises from other sources, too.

Ivan Gowan, CEO of Currency Com Limited believes that linking crypto to the price of stocks and shares provides a tangible way for holders of Bitcoin and Ethereum to access traditional financial markets. Moreover, he says that the arrival of tokenized securities will completely change how investors can use their cryptocurrencies.

The platform’s goals are to enlist more than 10,000 tokenized securities in the future and to become a fully decentralized exchange by 2023.

Currency.com Fees

There are two categories of fees in currency.com: platform fees and deposit and withdrawal-related charges.

In the tables below taken from the company website, you can see the exact fees for each action.

Trading fees

Platform functionFee typePercentage fee
Leverage (margin) trading feesCrypto’s taker fee0.075%
Crypto’s maker fee– 0.025% (rebate)
Tokenized assets (shares, ETF’s, Indices, Commodities)0.0125%
Tokenized currencies0.002%
Exchange feeCryptocurrencies0.2%
Tokenized assets (shares, ETF’s, Indices, Commodities)0.05%
Tokenized bonds0.03%
Tokenized currencies1%
Companies tokens (buy)0%
Companies tokens (sell)1.5%
Other feesAssets under management fee50 BPS per annum (0.5%)
Funding feesVaries based on the market rate

Deposit and withdrawal-related charges

Method Min Deposit Max Deposit Deposit Fee Min Withdrawal Withdrawal Fee
VISA 100 USD/EUR N/A 3.5% 87.50 USD 2.4% + 1.875 USD
Mastercard 100 USD/EUR 24 000 USD 3.5% 87.50 USD 1.9% + 1.875 USD
Bank Transfer 50 USD/EUR N/A Free 43.75 USD 3.75 USD
Yandex 50 USD/EUR 500 000 RUB 2% 87.50 USD 2%

Currency.com offers very competitive fees when it comes to tokenized securities trading as well as margin trading. Cryptocurrency deposits at Currency.com are free by default; however, you will pay a fraction of the amount for withdrawal.

  • The cryptocurrency taker fee is a mere 0.075% which is a very competitive amount compared to other top margin trading platforms like BitMex, PrimeBit or ByBit who charge the same commission per trade.
  • Trading fees are relatively low. You only have to pay 0.2% per trade. The fee is very competitive when it comes to tokenized securities trading. However, for crypto trading, there are dedicated trading platforms that might offer lower tariffs.

Deposit and withdrawal fees, on the other hand, depend more on what sort of payment network you’re using rather than the platform itself.

  • The fiat deposit fees at Currency.com platform are very competitive, which makes the platform great for exchanging fiat to cryptocurrency.
  • Cryptocurrency deposits at Currency.com are free but you will pay a small amount for withdrawal.

Overall we can conclude that Currency.com offers surprisingly low fees for both trading cryptocurrencies and tokenized securities as well as manageable deposit and withdrawal fees. Currency.com is quite transparent about its charges. There are no hidden fees. However, some extra commissions may be charged by your bank so you should pay attention while depositing and withdrawing or contact your bank for more information.

Currency.com Countries

Currency.com is a global exchange and is available in most of the countries worldwide.

However, due to some regulatory hurdles and national laws, the platform is not available to some countries.

As of 21.02.2020, the list of Prohibited jurisdictions includes the following countries (but this list may be changed on a case-by-case basis, depending on your particular situation):

Albania, Bahamas, Barbados, Botswana, Cambodia, Ghana, Iceland, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen, Zimbabwe, Democratic People’s Republic of Korea (DPRK), Iran, the United States of America.

Currently, the platform operates in four languages: English, Russian, Korean, and Chinese.

With the exception of the countries mentioned above, investors from all other countries are free to use and trade on Currency.com.

Currency.com Regulation

The company has strict regulations to provide investors with security and to ensure the safety of your investment. Specifically:

Currency.com is Authorized and regulated by the High Technologies Park of Belarus. The platform is subject to legal regulation of businesses based on blockchain technology. As an ICO participant, you are protected by the highest laws in the country.

The platform also uses two-factor authentication in all the operations of the platform including login, funding, trading, and actions that are performed using API keys. The platform also allows you to use a Master Key if for some reason you lose access to your account. Finally, currency.com uses encryption and verification to prevent a breach of your information and holdings.

The company’s servers do their work in one of the world’s best professional data centers, protected by guards, video surveillance and even retina eye scans.

Coin protection is of high importance and currency.com keeps most coins deposited in cold wallets. While a small amount is kept in hot wallets are those we use to maintain operational liquidity.

The funds you deposit in currency.com are stored in a bank account entirely separate from the company’s operations account and cannot be borrowed or lent to fund operations on our platform

Currency.com Deposit & Withdrawal

To begin with, the platform supports both fiat and cryptocurrency deposits and withdrawals in the following currencies:

  • The U.S. dollars (USD)
  • Euros (EUR)
  • Russian rubles (RUB)
  • Belarusian rubles (BYN)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tokenized securities

Deposits and withdrawals are processed within a day but it can take several days for a fiat currency withdrawal as transactions with banks may have additional processing times.

Deposits

Deposits to Currency.com are free of charge. It usually takes from one to five days for the deposits to get credited to your account, due to traditional banking processing times. However, if you don’t receive your funds within 2 days you can send a confirmation of your transfer to support@currency.com.

On the other hand, you can top-up your trading account via VISA or MasterCard bank cards. In this case, deposits are instantaneous but you will be charged a 3.5% commission rate. You cannot top up your account using cash.

Withdrawals

To withdraw funds from the Currency.com platform, you will have to pay a commission, which you can see in the Currency.com fees. The amount of withdrawal is sent out directly to your bank account or your cryptocurrency wallet address. Fiat withdrawals may take up to 3 business days, while cryptocurrency transactions are processed within the same working day.

Currency.com Account: Register & Login

How to Register

Currency.com has a straightforward registration process. On the platform’s homepage, click on the “Exchange” button on the top navigation menu. However, a detailed KYC process is required because for you to register as the platform is regulated by the High Tech Park of Belarus and audited by Ernst & Young.

The company must comply with KYC and AML regulations to protect clients from buying ‘dirty’ cryptocurrencies. On one hand, this is particularly good for your protection as an investor but might fear away from those investors who seek anonymity.

The registration and login process follows these steps:

  • Once you click exchange a sign-up window will open and you will have to provide your email and a password.
  • You will need to provide your personal information such as:
  • Your country of residence and your nationality.
  • Your current address.
  • Your name as it appears on your passport.

Note here that your proof of identity must include your full name, date of birth, citizenship, document number, issuing body/state, expiration date and the date of issue. Your proof of address must include your full name, address and the date of document issue.

As you can see while registration can take you a few minutes the verification process is quite thorough and might take a while. Your account must be fully verified before you can deposit funds and place your first trade.

Demo account

If you are new to trading and would like to experiment with investing with cryptos Currency.com has provided the users of its platform with an opportunity to learn and try trading technologies with their demo account. Irrespective of your trading experience or level, a demo account will allow you to try out the platform without committing your real assets to any financial risk.

With this virtual account, traders have a firsthand experience of tokenized assets and market trends.  The demo account has the same interface as the real trading account and about 300 tokenized assets with a leverage of up to 500x.

Currency.com Mobile App

Remote trading is one of the innovations of the company’s as well. The ability to trade on the go or from remote locations is quite important for the inclusion of more traders especially in the age of mobile. The platform therefore offers a mobile app, available both for iOS and android phones which you can download from the respective platforms.

Currency.com App

The mobile version of the platform is quite easy to navigate; it has a sleek design and a variety of advanced features. Users rate it highly for usability, customer support and features. It practically has everything you need to trade with cryptocurrencies wherever you are and is very practical when you need to keep up with the latest trends.

Currency.com Safety & Security

Currency.com has servers located on the territory of the LD4 data center which is used by several of the world-leading trading platforms, including Nasdaq, Dow Jones as well as London and Frankfurt exchanges. The data center is protected by armed guards and equipped with a video surveillance system.

Moreover, the platform uses PGP (pretty good privacy) and GPG (GNU privacy guard) to verify Emails. A system used for secure document upload. It is also the highest level of global encryption;

Moreover, the company has highly vetted workers and every decision made concerning sensitive data passes through a strict approval protocol. Finally, the currency.com team is already planning to become fully decentralized by 2023.

Other security aspects include the fact that the platform does not have any history of breaches so far.  97% of user funds are kept in a cold wallet and the company has strong anti-money laundering (AML) and Know your customer (KYC) compliance.

On the user side of the screen, you can protect your account using a strong password and two-factor authentication (2FA) via Google Authenticator.

In sum, Currency.com is a transparent, professional and trustworthy financial service employing top-notch security procedures and technology.

Currency.com Leverage

Leveraged trading is also known as margin trading. This system allows the trader to open positions much larger than his own capital. Using margin to purchase securities is effectively like using the current cash or securities already in your account as collateral for a loan.  Leveraged trading is very popular amongst traders and brokers. Leverage refers to the ratio between the position value and the investment needed.

Overall Leverage is a method that allows investors and traders to maximize their profits and expand their portfolio.

Currency.com offers this to its users as well. Tokenised shares dividends are paid both for leveraged and non-leveraged trades. The platform offers leverage from 1:10 to 1:100 depending on the asset class. Crypto traders on the platform are open to 1:10 leverage while tokenized stocks traders and investors are open to 1:20 leverage.

The exchange gives tokenized commodities 1:100 leverage which means that investors can trade up to $100,000 for every $1,000 in their account.

Maximum leverage sizes are the following:

  • ETF 1:20;
  • Indices 1:100;
  • Commodities 1:200;
  • Shares 1:20;
  • Cryptos 1:20;
  • FX 1:500.
  • For ETH/USD, BTC/USD, ETH/EUR and BTC/EUR you can set a 1:50, 1:100 leverage only with a guaranteed stop-loss embedded.

Currency.com Customer Support

A winning point of the currency.com platform is that they provide easy to access 24/7 customer support. Each user can reach the company quite easy via any of their contact points such as:

  • Email: support@currency.com
  • Phone: +375293757075
  • Facebook messenger
  • Viber
  • Whatsapp
  • Telegram
  • Live chat

They usually reply to any request in less than 15 minutes which is good response time. They are highly praised in the reviews of their app for their customer support as well.

Overall Currency.com has a robust, responsive, and secure customer support system.

The app and the web-based version of the platform is user friendly and are quite easy to navigate and much information are available for you on the company’s website.

Currency.com Bonus

Currency.com referral program

By referring a friend to the platform you get a two-way bonus. Specifically, you can earn a 50% trading commission paid by your referrals for you as well as a 10% discount rate on trading commissions.

To take part in this referral scheme you have to follow the steps below:

  • Sign up via a referral link and get a 10% discount on trading commissions for the next 3 months.
  • You can earn these benefits by sharing your referral link with a friend. Currency.com pays a 50% commission off their trading fees for the first 6 months of their trading.

To Get a Referral Link

  • Download the app (available on android and IOS)
  • Login to currency.com
  • Go to ‘Referrals’
  • Get your referral link
  • Send it to your friends and partners

Currency.com Affiliate program

By becoming an affiliate of currency.com you can earn 50% of the revenue brought by your clients as well as a 12% discount on trading commissions for your clients. The platform offers a wide array of tracking tools and analytics and it is quite easy to see how your content is performing through a user-friendly dashboard. One can join the affiliate program by contacting at affiliate@currency.com. You will earn your commission in USD. The company makes payments into a bank account of your choice via wire transfer.

Currency.com Review: Conclusion

Currency.com is an innovative exchange platform that promises to change the way we invest in the future. It is the tool that was missing in the investment scene the one that bridges the gap between traditional finance and cryptocurrencies. Currency.com allows cryptocurrency holders to access traditional markets and vice versa. The platform has relatively low fees especially compared to other platforms with similar services. Security is high, customer support is great and the company is subject to national regulations.

Currently, the platform asks for multiple identity verifications and proof-of-funds but is working towards becoming decentralized by 2023.

The platform has a user-friendly, easy to use interface and is recommended for all traders and investors independently of previous experience in cryptomarkets. It also offers a good mobile app both for iOS and Android that you can use for trading on the go.

It is recommended for both retail and institutional investors, for those who want to use the leverage trading engine, or for those who simply want to purchase cryptocurrencies.

This platform is well-made and enables crypto-currency users to be exposed to the price movements of various cryptocurrencies and traditional assets. This allows clients to engage in those markets without converting their cryptocurrency, and also ensures that they are able to receive their profits directly in Crypto.

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