Cryptocurrency brokers are a dime a dozen these days, which means that when you go looking for one, you are going to find a massive challenge on your hands. Your priority should be to find a platform that can offer you not just the essentials, but additional features that can help you make the most of the opportunities in the crypto market. While most brokers will promise you same, not many are able to live up to their claims. You have to assess their offerings to determine if they are a match for you or not. You will find this BitOpps review quite useful in this situation.
Owned and operated by Rival Ltd, BitOpps is registered in Saint Vincent and the Grenadines and is also a member of the Crypto Conduct Authority. This automatically draws your attention because it means that BitOpps is a registered and reliable platform for crypto trading. What does it offer to you? You can find out below:
Check out the cryptocurrencies
The first thing you need to check about a crypto broker are the cryptocurrencies they are offering to you. Bitcoin is the world’s first cryptocurrency, but it is not the only one that exists anymore. It may be the leading cryptocurrency in the market, but there are plenty of others that are also offering good returns to people. So, which cryptocurrencies does BitOpps offer?
You will certainly be pleased with the options you come across at BitOpps because they have chosen to add some of the top and most profitable cryptocurrencies that the market has to offer. The choices include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Monero and Ripple, amongst others. This can help you diversify your crypto trading portfolio to make the most returns.
Go over the registration requirements
You have to register with a brokerage in order to begin your trading journey and this means checking what requirements they have, if any. This is another aspect where you will be impressed with BitOpps because unlike most platforms out there, they have kept their registration process straightforward and easy for all. They understand that traders do not want to waste time over complex procedures, so they have eliminated the hassle.
The registration process takes less than five minutes because there are no such requirements. You only have to complete one short and concise form on the BitOpps website and it only asks for your first and last name, email and password, a phone number and your country. You have to choose a currency from USD, GBP and EUR and agree with their Terms and Conditions.
Assess the security infrastructure
Another important thing you need to do before signing up with a crypto brokerage is assessing their security infrastructure. When you decide to open an account, you entrust the platform with your personal data, along with your funds and financial information. Hence, you want to make sure it is kept safe and does not fall into the wrong hands. You will not have to worry about this with BitOpps because they have prioritized their clients’ security.
They understand the risks and have mitigated them by opting to use SSL (Secure Socket Layer) technology for keeping all the data encrypted. The funds you deposit with them are kept in segregated bank accounts, which means the company does not use them for its own obligations and will be returned to you, even if BitOpps was to file for bankruptcy.
Furthermore, you will find that adherence to the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies is also ensured on the BitOpps platform and this can prevent cybercriminals from using it for any illegal activities. These policies require verification of every trading account via proof of identity and proof of residence.
Multiple account options, a powerful trading platform and robust customer support are some other offerings at BitOpps that make it a good crypto trading brokerage for enjoying the opportunities.