It will not take you long to come to realize that there are hundreds of platforms that have been founded for offering people the chance to trade in the lucrative crypto space. But, can all of these companies deliver you the same quality of services, the features you want and the tools you require? This is obviously not possible, which can make it a tad challenging to find a brokerage appropriate for your requirements. Your focus should be on finding out what makes a broker different because this can help you make a wise choice. The Cryptopoint72 review below can assist you in this respect.
Operating from the United Kingdom, Cryptopoint72 was launched in 2013, so it does have some experience under its belt. You will find out quickly enough that it has a strong user-base and is expanding its services quickly. But, what makes it different from the other brokerages in the market? Let’s go over some of its offerings:
Crypto portfolio diversification
Bitcoin was the first cryptocurrency to be introduced in 2009, but more than a decade later, there are thousands of them to be found. Sure, some are probably not viable and will die out eventually, but there are others that have proven to be quite profitable. The fact that Cryptopoint72 offers its clients the chance to create a diversified crypto portfolio by trading some of the top cryptocurrencies in the market certainly makes this brokerage different.
Instead of focusing on just a handful of options from the crypto space, you will find that Cryptopoint72 offers you more than 100 cryptocurrencies to choose from and they are some of the well-known ones in the market. You can explore Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Monero, NEO, Dash and Cardano, amongst others.
Adherence to AML and KYC policies
Another unique feature of Cryptopoint72 that you will come across straight away is the broker’s adherence to Anti-money laundering (AML) and Know-Your-Customer (KYC) policies. These are quite well-known internationally because they can help mitigate the risk of illegal activities on online trading platforms. As per these policies, traders have to provide documents for proof of identity and proof of theft, which can eliminate the possibility of fake accounts. Each account is verified, which reduces the chances of any money laundering, terrorist financing, identity theft and financial fraud.
Web and mobile trading solutions
The trading solutions that you are provided by a broker are crucial because they are what you engage with for doing your actual trading activities. If the trading software turns out to be a failure, you will not be able to achieve your goals. Suffice it to say, it is not something that can be taken lightly and you will find that Cryptopoint72 has done nothing of the sort.
Instead, they appeared to have catered to all their clients because they have added both mobile and web trading solutions to their offerings. You can download mobile trading apps on your smartphone for trading on the go, or you can use the web-based platform if you are not interested in downloading anything. Both platforms offer ultra-fast trade execution and real-time results and have been integrated with state-of-the-art trading tools, such as advanced charts, custom indicators, cryptocurrency trading signals, price alerts, risk management tools, economic calendar and the latest crypto market news.
An easy on boarding process
The fact that you can register at Cryptopoint72 in a matter of minutes is also part of its unique appeal. You only have to fill out a short form on their website, which you can find upon clicking on the ‘Register’ option. The form does not ask you to provide a great deal of personal information and as long as you are 18, not a US citizen and accept their Terms and Conditions, you will be registered right away.
Thanks to these offerings, you can easily see how Cryptopoint72 is different from the other brokers and worth signing up with.