>> Sign up with Bitexchain here
Choosing a broker can be a difficult decision. You will be working with a broker for quite some time. Since they are the link between you and the currencies you want to invest in, you will have to make the right choice.
Changing brokers over and over again is not a good idea. In fact, I can personally tell you that changing brokers too many times can be detrimental to your trading experience. Not only is it frustrating finding new brokers, but their experience and training can differ greatly.
Therefore, you should always choose a broker that is compatible with you and who helps you make the right decisions. Bitexchain is one such brokerage firm.
What Bitexchain gets right
Let’s first start with what Bitexchain gets right as a brokerage firm.
Taking Responsibility
Bitexchain is one of the only firms I have seen that understand their social responsibility. It is a major part of their mission. They believe that there is more to business than making a profit. Instead, they instill their employees with philanthropic values allowing them to focus on local initiatives that strive to make a change.
Their responsible nature is ensures that you will not be profiting off companies or cryptocurrencies that are unethical. Moreover, they will also be keeping you out of any possible legal trouble by keeping track of the fine print of any company you invest in.
Strict Anti-Laundering Policy
As I mentioned before, Bitexchain takes a lot of pride in their sense of social responsibility. Therefore, they will turn away individuals that might try to use their platform in an unethical way. They are especially strict against people who are trying to launder their money.
If you visit their website, they have a complete section dedicated to their anti-laundering policy. You can see that one of their priorities is a safe and ethical trading experience.
When signing up, they will also ask you for pictures of the credit card you own. This step is to verify that you actually own the card you are using when you register to them. Since most hackers can access your credit card details and open an account, Bitexchain ensures that the card is really yours.
24/7 Customer Support
Often times, traders that register themselves to a broker will be new to cryptocurrencies. And since they are new, they are going to need a lot of help when they are trading. They might want help understanding how the systems work, or they are experiencing problems with their applications. Regardless, they can easily solve their issues by contacting customer support.
Other than the customer support, they also offer answers to some of the most asked questions. If you are lucky, you can find the answer to your questions right there. I frequently use FAQs when looking up trading options.
Most brokers depend on an email service to listen to user complaints. While it is certainly useful, customers are never certain when they will hear back. Through calls, customers receive instant satisfaction when talking to a representative. They can also help resolve the issue quickly.
>> Sign up with Bitexchain here
Strict KYC Policy
Other than having a strict anti-laundering policy, Bitexchain also has a strict KYC policy. As you might know, KYC policies are very common in most financial institutions. More importantly, KYC allows institutions like Bitexchain to ask a lot of personal questions.
I understand that you can be somewhat hesitant when giving personal information. This personal information can include your credit card details and even a picture of your credit card. I mentioned earlier how a picture of your credit card can help Bitexchain verify if you own the card.
Likewise, all the other information that they will ask is to ensure that you are the person you say you are. These extra steps are there to ensure your safety and offer a safer user experience. It helps keep your account safe, and it ensures that no one misuses your information.
Islamic Accounts
I know a lot of people that want to get into trading cryptocurrencies, but can’t because of their religious beliefs. Muslims are especially hesitant to trade online through brokers, due to the excessive use of interest in most transactions.
However, brokerages are becoming more inclusive by introducing interest-free solutions. Bitexchain’s solution for the matter is Islamic Accounts. When using an Islamic account, worrying about swaps, is never a factor.
As you know, swapping involves an exchange of cash flows or financial instruments between two parties. However, sapping involves trading on a commission basis and roll over charges, Muslims cannot trade. Conversely, if an account does not involve any swapping, individuals will be free from any interest. They are simply trading assets at a fixed price.
A Trading Platform for Everyone
Trading can sometimes be difficult. You can often times have a lot of money riding on a single investment, adding pressure to every decision you make. Therefore, to ease on the pressure, brokers are starting to offer individuals the ability to trade on any platform. Whether they prefer trading on a smartphone, laptop, or a tablet, Bitexchain allows them to trade.
This versatility in platforms is great for users, as it gives them the ability to choose their favorite version. Moreover, since younger traders prefer using their phones for almost any task, being able to trade on it as well is great.
One Step at a Time
Trading is an incredible experience and allows you to make money from the comfort of your home. However, it is not easy, and it may take a long time before you get good enough to make a career out of it. So take it slow one step at a time.
Learn more about stocks and options through courses or online videos, and gather knowledge that will allow you to make more educated decisions. With time you can become a great trader. But if you try to rush into trading, you can find yourself in a difficult spot.
>> Sign up with Bitexchain here
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