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Review of Currency.com Exchange (2024)
With new cryptocurrency exchanges coming to market seemingly weekly, it can be hard to decide which platform is right for you. Do you want one with a wide array of crypto coins and tokens or one that let’s you invest in both traditional and crypto sectors? With Currency.com you don’t have to choose. The Belarus-based exchange offers users digital assets in addition to offers commodities, stocks, indices, currencies, and bonds.
Currency.com combines the wide asset selection with reasonable and transparent fees, making it an attractive platform, especially with up to 500x leverage. Find out if Currency.com is right for you in our review.
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Currency.com Overview
- Trade with leverage up to 500x
- Buy, sell, and trade crypto and tokenized assets like ETFs, stocks, and commodities
- Trading fees for spot and leverage trading are competitive
Currency.com Pros & Cons
Pros
Crypto, stocks, commodities available for trade
Direct trading pairs with fiat
Competitive trading fees
Mobile app for convenient trading on the go
Cons
Only available in limited form in the USA
One of the lesser-known exchanges
How to Set Up Your Currency.com Account
It is extremely easy to set up a Currency.com account by following the below steps”
1. Navigate to Currency.com and click “Sign Up”
2. Enter an email address and create a password, accept the terms, then continue.
3. That’s it, you’ve created an account. Next, you’ll need to complete your profile/identity verification. First, choose your country of residence. Note that US, Canadian, UK, and Australian users, along with most of Europe, are unable to use Currency.com
4. Enter your name and date of birth, confirm you’re making the account for yourself, then click “Continue”.
5. Enter your address, including your postal code, then click “Continue”
6. That’s it! You can make a deposit and start trading on Currency.com
What You Can Buy on Currency.com
Currency.com supports more than crypto, with tokenized assets such as ETFs, stocks, and commodities available as well. They have more than 150 cryptocurrency coins and tokens available including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Chainlink (LINK)
- Polygon (MATIC)
- Enjin Coin (ENJ)
- Cardano (ADA)
- Avalanche (AVAX)
- Ripple (XRP)
- Binance Coin (BNB)
- Cosmos (ATOM)
For a full list of supported digital assets on Currency.com click here.
Supported Operating Systems
Currency.com is available for mobile on iOS and Android.
In addition, they have a web platform which is available through your favorite internet browser.
Best Features of Currency.com
One of the best features of Currency.com is the asset selection available to users. Not only do they have a solid selection of cryptocurrencies, but they also offer indices, shares, commodities, currencies, and bonds on the exchange as well. This allows Currency.com users to have access to more than just crypto within a single trading platform, which is extremely convenient.
Currency.com also has a convenient mobile app that allows users to trade all the tokenized assets and cryptocurrencies available on the platform while on the go. It is available for Android and iOS and has a smooth user interface with fast speeds and all the same trading options as the website platform. This includes stop loss, take profit, and more. You can trade with up to 500x leverage on the Currency.com app.
Potential Dealbreakers
The biggest downside of Currency.com is that it’s only available in limited operation in certain countries. For instance in the USA, customers only have access to a simple crypto buying interface with just four different coins available for purchase. That’s fine for simple crypto purchases but many customers going to Currency.com are more interested in advanced features like leverage trading and synthetics.
Fortunately that may change in the future as Currency.com gains more licenses around the globe.
Is Currency.com Safe?
Yes, Currency.com is safe. There have been no hacks or breaches of the platform to date.
The exchange is regulated and registered in Belarus and follows all anti-money laundering know your customer policies. Please keep in mind this review does not constitute financial advice and using crypto products inherently involves risk.
What are Currency.com Fees Like?
Currency.com has extremely competitive fees for many aspects of their trading platform. Spot trading fees for makers and takers start at 0.2%, with zero fees for most leveraged trades and only 0.075% at most for crypto leveraged trades.
When it comes to deposits and withdrawals, there are no fees for fiat or crypto deposits. There are deposit minimums for both crypto and fiat. There are minimum withdrawal amounts and fees for both as well, with bank transfer being the most affordable for fiat at 0.15%. Crypto withdrawal fees vary by asset, but can be high, especially for assets on the Ethereum network.
Frequently Asked Questions
Currency.com is used for trading crypto, stocks, commodities, and more.
Currency.com is located in Minsk, Belarus.
Navigate to the “Wallets” tab, click “Withdraw” next to the desired asset. You then choose from bank transfer, bank card, or crypto wallet withdrawal options. Follow the steps to complete the process.
Yes but only in limited form.
The minimum deposit for Currency.com depends on the currency and method. Crypto has no minimum. EUR, GBP, USD, and BYN deposits all have a minimum deposit of 50 units of each noted currency for bank transfers, while credit card deposits have minimums of 20 units of each noted currency.
