Online trading has proven to be a profitable journey for many and you can find plenty of success stories of people who managed to make their fortunes in the financial markets. The services of a broker are required to get access to these markets and these have also increased in number. But, you have to remember that quantity does not guarantee quality. Hence, doing your research is essential, which involves taking a close look at a platform’s services before you sign up. This XchangeBTC review can be instrumental in this process.
A bitcoin brokerage, XchangeBTC has managed to climb up the popularity ladder in the market very quickly and will catch your attention as well. Nonetheless, this does not mean that you should skip the research part and just open an account right away. Doing research can pay off in the long run because it helps you find the most appropriate platform for your trading needs. Is XchangeBTC it? Let’s find the answer:
Check their asset index
When you have decided to take a close look at their services, it is best to start with the asset index. A common misconception about XchangeBTC is that since it is a bitcoin broker, it only gives you access to cryptocurrencies. Yes, it is true that the brokerage gives you access to the crypto market and has added a plethora of leading cryptocurrencies to its asset offerings.
However, you will also find that there are plenty of other assets that XchangeBTC offers to its clients, which belong to some of the other renowned financial markets in the world. You will be able to trade assets that belong to the forex, stock, commodities and indices market and this gives you room to diversify and profit.
Go over their registration requirements
Do they have any registration requirements? This is something you need to know about a broker because you do not want to face problems when opening an account with them. Some platforms do have some prerequisites, but you will learn that XchangeBTC is not one of them. They do not have any requirements and you only have to click on the ‘Registration’ button on their website on the top right to begin the process.
This provides you with a form that you have to complete on the XchangeBTC website and it asks for your first and last name, email address and password, time zone, country of residence, phone number and account currency. You need to accept their Terms and Conditions, confirm you are at least 18 or above and not a US citizen.
Take a look at their account options
You need to know what account options are available to you when you are signing up because you want to be able to trade easily and comfortably. This is something that you can do at XchangeBTC because they have come up with five account options to accommodate different types of traders. They have an account for every trader, whether they are new to the trading world, or have some experience.
The five account options you will find are named Mini, Silver, Gold, Diamond and VIP. The minimum deposit needed for these accounts is 0.3 BTC, 1 BTC, 5 BTC and 10 BTC. For the last account, you have to meet certain requirements, so you will have to talk to your agent about them. You will find that XchangeBTC has added various account features, such as daily market signals, reviews, webinars, account manager, customized education, in-depth research and wealth manager.
Don’t forget customer support
You should also know if proper customer support is available and XchangeBTC does not let you down here either. They have an FAQ section where you can find answers to any queries you may have. If you have a specific issue, their support staff is friendly and prompt and can be contacted via phone and email.
Final Thoughts
A close look at the services of XchangeBTC makes it evident that they can be a great choice of brokerage for any trader.