Many people don’t even consider online trading because they think only rich people can become investors. However, the truth is that anyone can become an online trader as long as they have the right platform for trading. There are many platforms that provide low-budget trading conditions for new traders to help them get settled in the business.
One such broker is Xchangebit.io which is the perfect platform for intimidated new traders to start their trading journey with. This crypto exchange platform offers beginner-friendly trading conditions as well as accommodate professional traders. So, let’s take a look at some features of this brokerage firm that allows new traders to become successful at trading.
Best Features of Xchangebit.io
- Intuitive Trading Platform
Xchnagebit.io provides uses with a robust propriety trading platform to its traders. The platform can be accessed via your computer, smartphones, as well as via the web trader. These varieties of trading platforms provide traders with the option of choosing whichever method they prefer. Moreover, the trading platform is packed with modern tools that help traders with investment decisions. The simple and user-friendly interface of the platform makes it easy for new traders to understand its functions.
- Diverse Account Types
A diverse range of account types allows the broker to accommodate traders from different backgrounds. The brokerage firm offers five different account types which include the Basic account, Silver account, Gold account, VIP account, and the Diamond account. All of these accounts target traders from different backgrounds to provide them with the trading conditions that they need to become better. Leverages are provided for all accounts which start from 1:10 and reach up to 1:40 which is very impressive for cryptocurrencies. The features that each account holder can access increase as they upgrade their accounts to higher tiers.
- Security Protocols
You should never compromise on the security protocols that the trading firm provides. Online brokerage firms contain a lot of sensitive data from traders in their system. Hackers often target these firms to get their hands on this data for illegal purposes. Therefore, proper measures should be taken to keep the information secure. Xchangebit.io uses SSL encryption to protect the user data and convert it into a series of numbers. This makes your data useless to hackers or any other outside sources.
- AML and KYC Policies
When you visit the brokerage firm’s website for the first time, you should immediately look for these two acronyms. These policies are very important in ensuring user’s safety. Xchangebit.io is compliant with the AML and KYC policies which are Anti-Money Laundering and Know Your Customer policies. These policies are placed to protect the user from cases of hacking or identity theft. Moreover, they also make sure that currencies are not being transferred for laundering money.
- Easy Banking
It is very easy to complete the transaction processes for deposits and withdrawals with Xchangebit.io. The brokerage firm accepts payments from a majority of online banking options. These include credit/debit card transfers, bank wire transfers, as well as some e-wallet services.
The fastest deposit route is to make payments via credit and debit cards. Wire transfers often take a few days to process. However, the withdrawal orders are never executed instantly no matter which method of transaction you choose. This is because the firm needs to confirm your identity before proceeding with the transfer of money. The trading firm does not charge a percentage of commission or fees on transactions; however, the bank may charge a service fee.
The Bottom Line
Xchangebit.io is an accommodating cryptocurrency exchange that supports over seventy cryptocurrencies. The trading firm is a great choice for new traders who are interested in trading cryptocurrencies because it offers beginner-friendly trading conditions. New traders can grow into professional traders with the same broker thanks to the broad range of traders it caters to.
So, if you are new to the field and want to find a cryptocurrency exchange, then you should definitely try Xchangebit.io. I am sure that you will not be disappointed by the services that it offers to traders.