Who hasn’t heard of cryptocurrencies? It would be an understatement to say that they have brought about a major upheaval in the world of finance. The first cryptocurrency, Bitcoin, was introduced in 2009, but it took a few years before it really made an impact. In fact, it gained the most attention in 2017 when it reached its peak. This is when even those who were not part of the financial market took notice of cryptocurrencies. Now, there are hundreds of thousands of people ready to jump on the crypto bandwagon because of the potential of high profits. In 2017, the rise of cryptocurrencies helped many people rake in fortunes and lots of people want to do the same.
There is no harm in trading cryptocurrencies because like other financial markets, it doesn’t have many barriers to entry. But, there are some things that you do need to do in order to begin. The most important thing is to choose a broker to start your trading career with. There is no trading market where you can go to buy and sell cryptocurrencies these days due to which you need to find a broker or exchange to do that. There is no need to worry because there are numerous brokers that you can find in the market and they have also begun to offer cryptocurrencies for trading.
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In fact, there are some brokers who specialize only in cryptocurrencies and facilitate traders to buy and sell the crypto of their choice. But, you have to be cautious about your choice of broker because there are plenty of scams out there too. You certainly don’t want to lose your hard-earned money, which means you need to choose a good broker that can fulfill your trading needs in the best possible way. Is there one? RoyalCBank is one of the best options you will find in this regard. Why is this so?
This broker was developed by a group of traders with their own experience in the market. This meant they had a first-hand idea of the issues that traders faced in the market and the things they required from a broker. Therefore, they were capable of coming up with a solution that would suit the needs of different times of traders. If you take a close look at RoyalCBank, you will notice that it boasts some of the best features in the market and has offering you could possibly need to enjoy the potential of cryptocurrencies. Let’s check out what you can get when you sign up with RoyalCBank:
The broker is regulated under the FinaCom
As mentioned above, the crypto market has brokers that are only in it for the scam. The sole purpose is to take advantage of newbies who don’t have much knowledge and are ready to sign up with a broker so they can start trading. If you pay attention, you will notice a pattern; the scams and frauds that happen with brokerages are with those that are unregulated. This means they are not monitored by an objective and respectable authority or organization and are not answerable to anyone if they do anything wrong. Thus, you don’t want to sign up with an unregulated broker.
Luckily, RoyalCBank has addressed this concern in the best possible way. The broker understands the need for traders to only partner with regulated brokers due to which they applied for membership of the Financial Commission. They were granted approval on July 11th, 2019. Even though this means that their membership is relatively new, it does add a layer of assurance because FinaCom is a recognized regulator. Put simply, they are an international mediator that has a strict set of guidelines and rules that have to be followed by all of its members.
It has different categories and its highest one that’s issued to brokers is Category A. RoyalCBank has qualified for this category, which essentially means that the broker can be trusted. However, this is not the only advantage of FinaCom’s membership. If you sign up with RoyalCBank and you have an issue or complaint about their practices, the regulator acts as a mediator. They promise a timely and a fair resolution to any disputes you may have with the broker. This is undoubtedly reassuring because you know that there is someone who can assist you in recovering your money if there is any problem. Furthermore, as per the rules of the FinaCom, its members are also required to offer compensation worth $20,000 to each of their clients as an insurance policy.
These funds are maintained in a separate account and this also applies to RoyalCBank. This means that if the broker goes bankrupt or there is any other issue with your finances because of the broker, you will be properly compensated.
The broker gives you the opportunity to diversify your crypto investment
You are searching for a crypto broker for one purpose alone; to trade cryptocurrencies and earn from them. But, how do you want to go about it? Do you want to trade only Bitcoin, which is the first and leading cryptocurrency in the market even today? Are you interested in looking at other options as well? When you are just starting out, the choices can be confusing. There is no doubt that the crypto market has expanded significantly, which means a variety of other cryptocurrencies have been introduced. Even if you don’t want to invest your money in a bunch of them right away, you can choose RoyalCBank.
The broker gives you the opportunity to start with a single asset, but it also keeps the door open for you. This means that you can choose to diversify your investment in cryptocurrencies later on as the RoyalCBank has a huge variety at your disposal. There is absolutely no problem if you want to start with Bitcoin or Ethereum. You can do that without any issues and once you have the hang of the market, you can expand to other options including Litecoin, Ripple, Dash and Bitcoin Cash. One of the most impressive things about RoyalCBank is that they don’t just add any new coin right away.
They have a team of experts who evaluate every single cryptocurrency before adding it to their asset index. The purpose is to only add profitable and promising cryptocurrencies instead of unreliable and unknown ones that could vanish after a while. This also gives you peace of mind because you know that your money is not going to go to waste.
The broker makes it easy for anyone to sign up
When you are new to the trading world, it is a given that you would be apprehensive about the process of signing up with a broker. You don’t know what it will involve and how long it will take. This can be very intimidating. As for traders with some experience, it can be frustrating and immensely annoying to have to deal with a time consuming and lengthy sign up procedure of a broker. You just want to open an account right away so you can take advantage of existing market trends. RoyalCBank understands these dilemmas perfectly well and so they have ensured that when you decide to open an account with them, you can do so without all these hassles.
Registering with the broker is straightforward, for both novices and experienced traders. Only some basic details are needed for it, such as your name, date of birth, email address and password. You will only have to spend a couple of minutes to register yourself, which makes RoyalCBank very appealing.
The broker offers a wide array of account choices
Once your registration with the broker is complete, you have to move onto the next stop, which means opening an account with RoyalCBank. Every broker you come across nowadays offer you several account options to choose from. Why? Not every trader is the same. Everyone comes from a different background, have different interests and skill level, which means their requirements and needs will be unique. They will not need the same features or tools due to which individual account types are developed to help them. The issue is that most brokers don’t go past the standard options. Luckily, RoyalCBank is different in this regard as well because they offer a wide array of account options. They are:
The first account option that’s offered by RoyalCBank is the Basic one, which is designed for those who are just starting crypto trading. It asks for a minimum deposit of $250. It is the best option for people who don’t have any previous experience in trading cryptocurrencies. It offers a Welcome Bonus of 30%, Daily Market Review, PRO webinars, 24/6 customer support, price alerts and access to RoyalCBank’s education center.
This might be confusing to some because they think this account option is for those who are new. However, this account option is a step up and is for those who have been exposed to the trading world. They can open the Beginner account with RoyalCBank by depositing $10,000. You get a higher Welcome Bonus with this account type as it increases to 40%. You get all the other features of the Basic account with this one, with one bonus one; a junior account manager. They can be very helpful because they provide guidance and instructions for making trading decisions.
RoyalCBank’s third account option is called the Medium one and it has been designed for people who have had some more experience with crypto trading. Therefore, they receive a higher Welcome Bonus, which is around 60%. But, it also means that you have to deposit a higher amount, which is around $25,000. What does this account offer to traders? It replaces the junior account manager with a senior account manager. This account lets you make more lucrative investments, which means higher profits.
If you are ready to take big risks and make some great moves in the crypto market, you need to open the Advanced account. You need to deposit approximately $50,000 to open this account because you have to make a lot of trades. The Welcome Bonus is also increased 70% to incentivize traders. There is also a VIP manager associated with this account because you multiple trades have to be managed simultaneously for portfolio diversification.
It is quite obvious from the name of this account type that this account has been developed by RoyalCBank for professional traders. To open this account, you will have to deposit a minimum of $100,000. You will also get a Welcome Bonus of 80% and it comes with a variety of trading tools and features that can make trading easier and more profitable for traders.
The last account option that you will find on RoyalCBank is the VIP account. This is designed for special traders who have had years of experience due to which the broker only offers it to exclusive customers. In order to be eligible for this account, you have to fulfill certain conditions. If you want details about your account type, you will have to get in touch with your account manager to get them.
The good thing about these account types is that you can easily find an option that can work for you. You will not have to deal with a lot of problems in opening an account and will be able to trade without issues.
The broker offers a comprehensive and detailed education center
Even though Bitcoin was introduced a decade ago, it is still a relatively new trading asset for most people. The crypto market is a very volatile one and you have to have detailed and in-depth knowledge in order to keep your losses at a minimum and profits maximized. The issue is that most of the information on the internet is not exactly accurate or reliable. Knowing this, RoyalCBank has put in significant effort to create a detailed and comprehensive education center. Here, you will find a lot of resources to help you polish your knowledge of the cryptocurrency market.
You will find a variety of e-books, video tutorials and webinars at the education center. They are on a number of topics related to the crypto market, which will allow you to understand every aspect. You can learn from the top traders who have a lot of experience in the market and know the best strategies. You can use this information to your advantage as you will be able to avoid the common mistakes and use the most profitable strategies.
The broker has not made any compromises on security
If you have done your research into trading, you know there have been a lot of security issues in regard to brokers. Platforms have been hacked, cryptocurrency has been wiped and identities have been stolen as have funds. You don’t want to face any of these issues and RoyalCBank ensures that if you choose their platform, you will not have to deal with any security concerns. The broker has a technology architecture that’s second to none in the market and they have enterprise-level security measures. In order to prevent anyone from accessing the platform without authorization, the broker has opted for Secure Socket Layering (SSL).
In this way, you can rest assured that your personal information and financial data stays safe and doesn’t fall into the hands of third parties. They have used the highest standard of encryption, which means that as soon as you enter data on the website, it is immediately encrypted. It cannot be understood by anyone unless they have the decrypting code. As far as the security of your funds is concerned, FinaCom regulations dictate that its members maintain segregated accounts for keeping client funds.
If you go over the terms and conditions of RoyalCBank, you will notice that the broker cannot use their clients’ money for their own activities. They also have an AML and KYC policy in place, under which they verify the identity of anyone who signs up on their platform. This prevents criminals or suspicious characters to make an account with the broker for the purpose of stealing information or laundering money.
The broker lets you make deposits easily
In order to make trades through your RoyalCBank account, you will first have to make deposits. As mentioned above, you have to deposit a specific amount for opening an account. When it comes to adding funds to your account with the broker, you will not have any issues at all. You only need to click on the Deposit Funds button, which will provide you with a list of methods to choose from. The broker gives you the option to add funds via Visa and MasterCard, cryptocurrency or the wire transfer method. There are three currency options to choose from, which are EUR, GBP and USD. The deposits are usually made instantly, except for wire transfer that can take between 5 and 7 business days.
The broker doesn’t create obstacles in withdrawing funds
A lot of brokers create issues in letting traders withdraw their funds and set up many conditions that have to be fulfilled. This can be a huge problem for traders because it means they cannot gain access to their profits right away. You will not have to deal with this problem when you opt for RoyalCBank. If you want to make a withdrawal, you should go to the My Accounts page from where you can initiate a withdrawal. You can decide how much you wish to withdraw and then move onto selecting the method that you want to use.
You have to choose from the three methods available for deposits. A good thing about RoyalCBank is that there is no deposit fee applicable on withdrawals, which can reduce your costs. If you want to cancel a withdrawal request, you can do so if they haven’t been processed yet. As far as minimum withdrawal amount is concerned, it is set at 100, which is not very high.
The broker has not imposed any exorbitant costs
You cannot choose a broker without considering how much they will charge you for trading. A lot of brokers are not forthcoming about their fees and other costs, which can create many issues for traders later on. This is another problem you don’t have to worry about when you choose RoyalCBank. They do not charge any commissions from their clients. Then, how do they make their profits? They have chosen to earn through spreads. This refers to the difference in the buying and selling price of a cryptocurrency.
The most prominent feature of RoyalCBank is that they have the industry’s tightest spreads. This means there is only a small difference and you will not have to give away much and will be able to take home most of your profits. Other than that, they also don’t have any dormant account fee or inactivity fee or any other fee.
The broker has a reliable customer support department
RoyalCBank has prioritized its customers due and this is evident from their reliable customer support department. You can get to them through live chat, phone address or through email. There are different email addresses provided for different types of queries for your ease. In addition, there is also an FAQ section where you can find answers to any question you may have. This ensures you don’t have to wait for any assistance.
RoyalCBank has put in time and energy into developing an environment that lets you enjoy cryptocurrency trading to the fullest. You can sign up with them and start your journey without wasting any time.