One of the fastest growing industries of 2020 is none other than the crypto industry. Even though the coronavirus pandemic wreaked havoc across the board globally, it appears that the crypto space has come through quite well.
Initially, cryptocurrencies had also declined back in March in the initial days, but they have made a massive recovery since then. As a matter of fact, 2020 brought about the end of the crypto winter, which had occurred in 2018, and it resulted in a new rally for Bitcoin, the world’s leading cryptocurrency, as it broke its previous records to reach a new all-time high.
In 2009, when Bitcoin had first been introduced, people hadn’t thought that it would give rise to a whole new industry. Even though crypto adoption has been slow, it is gradually picking up. It took a while for Bitcoin to make a name for itself and interest has increased steadily in the last few years.
It was in 2017 when the cryptocurrency market experienced its first major surge that helped plenty of people make millions within a matter of hours and days. This kind of unprecedented success had attracted the attention of a lot of people around the world and their curiosity was piqued.
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Thanks to the internet and technology, online trading has become increasingly accessible nowadays, which includes crypto trading. People have the freedom to trade round the clock, or decide to do so in their free time with a small amount.
It is up to you to decide how much or little to trade, something that most other industries don’t really offer. The 2017 rally in the crypto market had pushed a lot of people to make their foray into the space and they were able to do so with minimal hassle in order to get a share of the profits.
Over the years, the crypto market has expanded and grown rapidly and a number of new cryptocurrencies have been added to the mix, which means Bitcoin is not the only option for traders to explore. While all of this makes everything sound easy, you do need to understand how to trade?
If you want to trade crypto online, you have to do the same as other trading instruments; finding a exchange. When you start searching, you will come across different types of exchanges that are offering their trading services in the market. Some of these are companies that have been around for years and were offering numerous financial instruments.
They added cryptocurrencies to their list of assets, once those became popular. This means you get access to experienced exchanges, but the problem is that they only offer you limited cryptocurrencies to trade and have general features and resources.
Cryptocurrencies are not the same as other trading instruments, as their volatility and liquidity differs. Hence, there are some special tools and features needed for trading these digital currencies. This you can only get when you opt for a cryptocurrency exchange, which means a company that specializes in offering these virtual currencies.
The biggest benefit of such exchange is that they can offer you access to a better variety as well and the most suitable environment for cryptocurrencies. Considering the popularity of this market, the number of exchanges offering their services has also increased tenfold, meaning that you will not have any trouble in finding options to start with.
However, this is not the same as finding a reliable and professional option because not all companies are created equal. Obviously, they will all promise to offer you top-notch services, but only a few will actually be able to live up to them.
It is your job to look at their services and features in order to figure out if they will be able to offer you the right environment and trading experience. This is what you need to do in the case of CoinspayWorld, a exchange that offers you the chance to trade cryptocurrencies without having to worry about buying or storing them physically.
You can trade on contracts reflecting the price of your chosen cryptocurrency, which makes it convenient, easy and profitable. However, you need to determine whether this company can provide you with everything you need or is just another one of those making tall claims. Check out its different aspects to learn the truth.
CoinspayWorld’s Asset Index
Your goal is to jump on the crypto train like everyone else, so you can also make some profits like other traders are doing. In order to accomplish this goal, you will need to be able to trade a wide array of cryptocurrencies, but as mentioned above, not every exchange will offer you the variety you want.
There are a lot of platforms that only stick to the leading and top options, even though there are plenty of other projects that have also generated quite a lot of returns. Hence, you would obviously prefer a platform that does give you the opportunity of spreading your investment in the crypto space.
This is where you can take a look at CoinspayWorld’s asset index and you will discover that they have truly done a good job in offering the choices any crypto trader might need. Whether you are a newbie who is just starting out in the space or someone who has been trading in the market for a while, you will find options that work for you.
They have added the top cryptocurrencies in the market that are well-known and recognized, such as Bitcoin, Ethereum and Litecoin. But, the company knows that there are lots of others that can also add to your profits and reduce your risks as well.
Consequently, they have added options like Ripple, Bitcoin Cash, Monero, DOT, IOTA, NEM and DASH. They are constantly looking into the newer options in order to identify good choices and incorporate them in your asset index to offer you the ability of diversifying your investment in order to make solid returns.
CoinspayWorld’s Trading Software
The key feature an online exchangeage has to offer to its clients is referred to as the trading software. The purpose of this software is to help traders in connecting to the market of their choice, which is the crypto market in this case. It enables them to be able to see the changes in the market in real-time and open and close their own positions.
It is important to remember that the platform you are provided will depend on the company’s discretion. They get to decide what kind of software they want to offer to you, as there are different types available. Likewise, they design the user-interface and decide what features to incorporate and exclude.
When you check reviews of numerous companies, you will find that the trading platform is the feature that lots of traders complain about. After all, most of your time will be spent using this software and if it doesn’t function properly, it will ruin your whole journey.
CoinspayWorld was established by a team of financial experts and professionals, who put a great deal of thought into the trading software. They decided to offer their clients several choices when it comes to a trading platform. First off, you can go with the traditional desktop-version of the platform, which is downloaded on desktop devices.
The second option is to use a web trader, which is a platform accessible via the browser and there is no download or installation involved. The last choice is a more modern option that involves downloading mobile apps for iOS or Android devices and using them to trade from anywhere, no matter what time it is.
Even though CoinspayWorld has provided three options, it has ensured that each of these platforms is powered by state-of-the-art trading technology that can deliver a seamless trading experience for every single trader. They have opted for a user-friendly interface, which minimizes the learning curve, and they are easy to navigate, as well as fully customizable.
Moreover, you will also be able to benefit from quick and instant trading execution and CoinspayWorld has added a range of powerful and useful trading tools that can enhance your trading experience. You can take advantage of the live charts, graphs and trading indicators. Price alerts are also provided, along with trading signals.
Traders can use an economic calendar and the latest market news for staying up to date in order to make timely decisions. They can also use different order types, such as stop loss and take profit, which fall under the category of risk management tools. Technical and fundamental analysis is also provided for a good trading experience.
CoinspayWorld’s Educational Resources
If you compare cryptocurrencies with other trading instruments available, it is obvious that they are still relatively new and their market is still evolving. It hasn’t fully developed yet, which means there is a lot to learn, not just for beginners, but also for existing traders.
As far as newbies are concerned, they should be aware that knowledge and education of the crypto market can be the difference between a successful and failed trader. Unless you want to become the latter, you should work on learning as much as possible about this market. The problem is that finding reliable resources is easier said than done.
Most of the sources you do find are either too complex or simply outdated, which can make it difficult to expand your knowledge. To help its clients in accomplishing this goal, CoinspayWorld has added a range of educational resources on its platform.
You will find a complete Education Center, which can be accessed and it provides everyone with the most up-to-date and extensive learning material about cryptocurrencies. You can start with the basics of the market and move onto more advanced material, which can include trading tips, advice and strategies that can come in handy.
The best part about this section is that CoinspayWorld has provided this content in different forms, which gives you room to decide which one you are more comfortable with. You can find in-depth e-books, articles, videos, tutorials and courses that can teach you all that you need to know.
In addition, they have also added PRO webinars that are done by experts and they can provide you a deep look into the actual market help you keep up with the changes that are taking place on a regular basis. With this kind of education and knowledge, your chances of achieving success via crypto trading increase.
CoinspayWorld’s Banking Methods
Looking at the banking methods of any exchange is of the utmost importance because they will determine how you will make your investments and how you will receive your returns. You would obviously want these to be quick as well as secure, simultaneously.
Moreover, you also want convenience and don’t want to go through a lot of trouble in order to make your deposits and withdrawals. The good news is that CoinspayWorld has not made this unnecessarily difficult for its clients because they understand how frustrating it can be when you cannot add or withdraw your funds.
You can use your debit or credit card for adding funds to your account, or making a withdrawal. CoinspayWorld offers support for a variety of cards, including Visa, Maestro UK and MasterCard. You can also use bank wire transfers, if they appear to be more convenient for you.
Lastly, they have also added support for e-wallet options like Neteller, as they have become quite popular amongst people. It is up to you to decide which methods you want to use for your deposit and withdrawals. However, since CoinspayWorld is KYC (Know-Your-Customer) and AML (Anti-Money Laundering) compliant, you have to use the same method for deposit and withdrawals.
Furthermore, you should also ensure that the account or card you use is in your own name, as third-party options are not supported on the platform. As far as currencies are concerned, you can make your deposits and withdrawals on CoinspayWorld in USD, GBP or EUR, as per your preference.
It is their aim to process transactions as quickly as possible and deposits are immediate in most cases. However, it is important to remember that withdrawals can take a bit of time and CoinspayWorld has mentioned that it can take between 5 and 15 working days for your transactions to be processed.
The secure trading environment and robust support features can also be added to the list, which make CoinspayWorld a great platform to be used for jumping on the crypto train and achieve your financial goals.