BitOpps Review: The Platform For Effective Cryptocurrency Trading
When you look up ways of earning money online, you will come across online trading as one of the most popular means. Many people turn towards online trading when they want to earn additional income without doing labour. With online trading, all that you need are investing capital, and the right brokerage firm to open an account. A large number of trading firms exist online however, that doesn’t mean that you can sign up with just any firm and start trading. You need to take some time and find which broker suits you the best.
I have been trading for quite some time now and have come across many different trading firms. So, I want to use my experience and recommend a great trading firm that I came across. I am talking about BitOpps which is a crypto broker. This means that this firm focuses on the trade of cryptocurrencies. I was really surprised and impressed with the features and services of this brokerage firm.
So, let’s take a look at some of the main features of this crypto broker.
Main Features Of BitOpps
1. Educational Resources
If you are a new trader, you should know that you cannot expect profitable trades if you are not familiar with the basics of trading. This does not mean that you need a full degree or have to complete a course. However, you should have some basic understanding of the figures and terminologies that you need to understand to make smart decisions.
If you look for information on the internet, you may get overwhelmed as there is a plethora of information available online. To keep new traders calm, BitOpps has provided its own impressive range of educational materials. These resources carry all the information that you need to get started with online trading. The resources vary from e-books to video lectures to webinars, etc. The best part is that you can access them even as a visitor to the website. You don’t have to register an account to be able to access these materials. However, the number of resources that you get and their quality increases as you register and upgrade your account as a verified user.
2. High Leverage And Low Spreads
BitOpps offers great trading costs to the traders. The trading cost refers to the spread and commission rates of the brokerage firm. It also takes into account the leveraged support that the broker provides. The firm is fully transparent when it comes to commissions and fees and does not charge you any commissions on deposits and withdrawals.
The trading firm does not have fixed spread rates as the cryptocurrency markets are highly volatile. Spread is the price difference between the buying and selling price of an asset. However, the spread count goes as low as 0.1 pips which is really impressive. Leverage refers to the broker’s contribution to your investment. The leverage that the broker provides is also very high and especially useful for cryptocurrency trading. The leverage provided by BitOpps goes as high as 1:100.
3. Trading Platform
The crypto broker offers a propriety trading platform. People have their doubts about propriety platforms since they often have errors and don’t run smoothly. However, it is evident in the performance of BitOpps’s trading platform that it was made with great consideration for all aspects. The platform was developed with the latest technology so that it can keep up with the highly volatile markets of the cryptocurrencies. It has a user-friendly interface and is very easy to navigate. It is packed with all the tools that traders need to make effective investment decisions.
The trading platform is a web trader which means that no additional software needs to be downloaded on to the device. It offers increased mobility and accessibility in that you can log in to your account from any device that has a browser and a stable internet connection.
4. Tradeable Assets
BitOpps is a cryptocurrency broker and its prime focus is to provide the best cryptocurrency trading conditions to the users. These conditions include the assets of trade that the broker supports. When you want to trade cryptocurrencies, you should find a trading firm that offers different kinds of digital currency. You should not sign up with a firm if it only supports Bitcoin as you cannot depend on just one asset to make an income.
This broker supports the trade of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. This variety is impressive in that all of these are authorized and widely accepted cryptocurrencies. Firms that offer large numbers of cryptocurrencies should also not be trusted because most of the time the authenticity of these currencies is unconfirmed.
BitOpps is a fully licensed and regulated broker. Regulations keep the broker’s activities under check to keep it from being involved in any illegal acts. When a brokerage firm is regulated, it means that a third party is observing all of its actions. In case the firm is suspected to be involved in illegal acts or cybercrimes, the regulatory agency seizes all of its powers and reports it.
Furthermore, regulations require the broker to be compliant with the AML and KYC policies. The AML (Anti-Money Laundering) policy ensures that currency swaps are not being made for illegal profits. While the KYC (Know Your Customer) policy ensures that no one is hacking your account. These policies require you to submit proofs of identity such as ID card numbers or passports to confirm your identity.
Now that you have read this review, I am sure that you can see the potential of this broker to become the top brokerage firm. What makes it so great is that it is a good fit for new traders as well as experienced ones. The variety of assets and the innovative-yet-easy-to-use trading platform make sure that you have a premium experience of trading cryptocurrencies.
So, if you are looking for a firm to get started, or want to try trading with a new firm, then BitOpps is a great choice. As a rule of thumb, you should always visit the website of the brokerage firm and test its features yourself before opening an account with them.