Cryptocurrencies have become a hot commodity in the last decade. Their volatility has helped thousands of people all over the globe make massive fortunes in a short span of time and this has drawn the attention of others as well. Everyone wants a piece of this lucrative market and you will need the services of a cryptocurrency broker in order to do so. Sure, there are hundreds of brokers clamoring to offer you their trading services, but you need to take a close look before selecting one because they can be quite different in terms of services and offerings. This is what the following BitOpps review can help you with.
You will come across BitOpps, one of the cryptocurrency brokers in the market, which was launched by Rival Ltd. and registered in St. Vincent and the Grenadines. A quick look indicates that the broker is a professional one, but a closer look is required to confirm. You can go through this review to do so:
Taking a close look at a broker should always begin with their primary offering, which refer to the cryptocurrencies offered by BitOpps here. You need to know what cryptocurrencies you can trade on this platform to ensure they can meet your needs. Some traders are only interested in Bitcoin, since it is the most popular option, due to which a number of brokers only focus on the world’s first cryptocurrency only.
However, others may also want to invest in other altcoins that are available in the market and are becoming equally lucrative and this is where BitOpps can cater to you quite well. They have put together a number of other alternatives on their platform along with Bitcoin, which include Bitcoin Cash, Ethereum, Litecoin, Dash and Ripple. This enables you to tap into the potential of the crypto space and enjoy high profits, while keeping risks to a minimum.
Once you know what cryptocurrencies you can trade with the broker, you need to ensure their platform is secure enough for you to trade. Otherwise, your personal information as well as your hard-earned money will be at risk and you don’t want to suffer the consequences if they end up in the wrong hands. Luckily, you don’t have to worry about security at BitOpps because you can see that they have used strong security measures for their clients.
They use advanced SSL (Secure Socket Layer) encryption for protecting all sensitive and confidential data that they accumulate from their clients. Segregated accounts are maintained by BitOpps for depositing your funds, which means they are kept in separate accounts and not mixed with the company’s own money, thereby preventing any misappropriation. They are also deposited with leading banks to keep them safe from theft.
Along with these measures, you will also find that BitOpps is compliant with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies that are known for adding another layer of security. These policies require traders signing up to provide proof of identity and proof of residence through proper documents, which can prevent fake accounts on the platform. It also reduces the risk of financial fraud, identity theft and money laundering.
When you are checking out a brokerage, it is a must to know what kind of customer support they offer. If the support is not up to the mark, you will have a poor trading experience because you will not be able to get help when you need it. This can lead you to losses because the crypto market moves quickly, which means you will miss out on the movements. The customer support at BitOpps is very responsive and available through different channels round the clock. You can send in an email, contact them via phone, or also fill out the online contact form to schedule a callback.
This close look will also show that BitOpps offers a powerful trading platform, accommodating account options and good educational support to ensure a positive trading experience for everyone.