One of the platforms that are providing people with access to the world of cryptocurrencies is XchangeBTC. You can find a multitude of options when you want a broker, but not all of them are trustworthy solutions. The unregulated nature of the market has attracted some shady characters and criminal elements, due to which you need to ascertain if the platform you are considering is legitimate or not. This is where XchangeBTC.Online review can help because it will tell you exactly what makes this broker distinctive from the rest.
The profits that the crypto market has to offer has made it a hotspot nowadays, so there is a huge demand for these brokers. A horde of them have popped up recently and all claim to provide professional and reliable services, but this doesn’t mean that they are able to deliver on these promises. It is your job to figure out exactly where a broker stands and this also applies to XchangeBTC. Let’s find out if you can trust this broker or not:
The Trading Experience
If there is one thing that can determine whether you can trust a broker or not, is their trading platform. This is the software used for trading, which means it connects you to the crypto market and allows you to execute trades. Therefore, it has to have the right features for you to be able to trade smoothly and profitably. The problem is that while most companies will promise you a powerful and feature-rich trading platform, not many are able to do so. When it comes to XchangeBTC, you will be provided a web trading platform that they have developed for their clientele.
They have used advanced and sophisticated trading technology to add an intuitive user interface, making the platform user-friendly for everyone. This ensures that traders can enjoy speedy trade execution with XchangeBTC.Online’s trading platform and take advantage of as many opportunities as possible. A variety of trading tools have also been added to the mix, including live charts, trading indicators and signals, daily market reviews, the latest news and a customized dashboard.
Another appealing aspect of the XchangeBTC trading platform is that it doesn’t have to be downloaded or installed and can be used on any device supporting a browser, thereby providing users the freedom to use it on whatever device they may have handy.
The Security Policies
To be able to trust a broker, you need to ensure that they prioritize security, especially considering the risks associated with the market. Cybercriminals are ready for the smallest opportunity to steal funds, or compromise anyone’s personal information, which can be misused. It is the job of a broker to mitigate these risks, in order to ensure that its clients can trade with complete peace of mind. So, what kind of security policies has XchangeBTC implemented for its traders? They have been proactive when it comes to security and have followed international security standards.
This is obvious by the fact that the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies are applied on the platform. This means anyone who signs up with XchangeBTC.Online is required to provide proof of ID and proof of residence. Doing so can verify their account and minimize the risk of identity theft, financial fraud and money laundering. Other than that, the platform also uses highest encryption standards and provides security of funds as well, in order to keep them safe.
The Spread and Commission
When you have to choose any product or service, you consider a number of factors, but the one that plays the most prominent role is none other than price. You want to know exactly how much it will cost before you buy anything and this should also be applicable when you have to select a broker. Every platform has different trading fees, commission and spreads associated with it and these will determine how much profits you will be able to take home at the end of the day.
The problem is that a lot of brokers are either vague about their charges, or the costs are on the high side, which can be extremely discouraging. Luckily, this is not a problem that you have to face with XchangeBTC because they have chosen to be clear and transparent about their trading fees and spreads. You don’t have to worry about any hidden costs being sprung up on you later on and they also offer some of the tightest spreads that you can find in the market.
This means that your trading costs will remain low and you will be able to walk away with most of the profits that you make via cryptocurrency trading.
The Customer Support
One thing that’s common in shady and unreliable companies and brokers is the lack of customer support you will see on their platform. If it is not possible to reach out to them when you have a problem, it means that they cannot be trusted. When you are stuck, you would require assistance immediately because even a small delay can cost you big in the highly volatile crypto market. Hence, you need to ascertain if there is proper support available or not. In this regard, you will find XchangeBTC to be a comprehensive solution because they have added the necessary support options.
You can visit the XchangeBTC website and check out their Contact section where you will be able to find the various channels available. Their customer support team is available 24/6 for assisting the users and they can be contacted via the phone number provided, or you can send in an email. There is also a callback feature available, allowing you to speak to the agent at your convenience. You will also find an FAQ section on their website, where answers to different questions are provided in order to help people in having a smooth trading experience.
After you have checked out these vital aspects of XchangeBTC, it can be concluded that you can trust this broker for all your cryptocurrency trading needs.