Technology has taken the world by a storm and the field of money and business is no different. Utilizing blockchain technology, cryptocurrencies are a type of digital currencies without any centrally regulating authority. There are plenty of advantages to cryptocurrencies. Some of the main advantages are as follows:
- Decentralized: There is no central authority such as a government or an apex banking institution regulating cryptocurrency, and the network is distributed to all the participants and each node of a computer is considered a member. Therefore, it is unlikely that the value of the currency will be affected due to social and political influxes unlike traditional currencies and will more depend on the market demand and supply.
- Easy to use internationally: Opening a bank account in different countries takes effort and each of it has a different procedure and process. However, in the case of cryptocurrency, all you need is a computer and a viable internet connection.
- Easy to use: One of the most important aspects of cryptocurrency is that it is tremendously easy to use. While most people are under the impression that cryptocurrencies are tremendously difficult to use, they are easy to use, trade-in, and invest in, once you are aware of how they work.
- Low overhead charges: One of the best things about cryptocurrencies is that they have low overhead charges. Unlike banks, that charge overhead on almost every transaction, the excess, and hidden charges in case of cryptocurrencies are almost negligible. Even if you are using a brokerage or an exchange to trade in cryptocurrencies, it is still much more affordable in terms of operation cost and transaction fees.
- Unlimited and fast transactions: There is no central authority controlling or regulating the amount or the number of transactions that you can perform. Therefore, you can do as many transactions as you feel like. Furthermore, you do not have to wait for bank clearance to receive your money. It is tremendously fast as well.
Some of the other advantages of cryptocurrencies are that they are fast, transparent, anonymous, safe, and is also not affected by inflation. Therefore, due to all of these reasons, cryptocurrency is an ideal choice for those looking to invest in and trade in a new field. Someone just starting their cryptocurrency journey may be unsure as to how to proceed, but with the help of an authentic, legitimate, and licensed cryptocurrency broker, such initial barriers to trading in cryptocurrencies can be easily overcome.
Review of ET Finance
Basic Information and overview
ETFinance trading platform is a registered cryptocurrency broker that is regulated by the Cyprus Securities and Exchange Commission in the country of Cyprus. It was founded in 2018. It allows traders of cryptocurrency to trade in the digital currency by matching relevant buyers and sellers. It is a full rage brokerage and also offers other services such as ETFs, cryptocurrencies, stocks and foreign exchange. Furthermore, its algorithm works in such a manner that a trade that is most suitable to you (in terms of the profit you can earn) is suggested by the system.
Various Features offered by ET Finance
There are plenty of features that this brokerage offers to its customers. Read on to find out what these features are, how functional they are, and whether ETFinance EU is a suitable trading platform.
Is ETFinance regulated?
Yes. Nobody wants their financial information or money to be placed in a situation or with a company that is suspectable to either losing it, misappropriating it, or that is vulnerable to any sort of security risks, including the threat of hackers, malware, and other types of scams. This is true in the case of cryptocurrency brokerages as well. ETFinance has a platform wherein the security is up to industry standards, with requisite standard encryption norms. Furthermore, ETFinance is also regulated by the Cyprus Securities and Exchange Commission. It also meets with the requisite GDRP standards, ESMA, and MliFD.
Educational support and Customer support provided by ET Finance
People starting with cryptocurrencies are likely to be daunted by the whole newness of it. To acclimatize traders to cryptocurrencies, and to ensure that they are trading with full knowledge and awareness, ETFinance offers educational resources and materials such as videos, e-books, and other material to help the traders. Similarly, one of the most important aspects of maintaining a website for trading in cryptocurrencies or maintaining an online cryptocurrency brokerage is to ensure that the traders who use your platform have access to customer support as and when they need it. There are multiple methods through which you can contact the customer support team of ETfinance. You can either email them, chat with them, or speak to them. Therefore, depending on the urgency of your query and depending on which mode of communication you are most comfortable with, you can choose the many options. They are, overall, extremely communicative and responsive.