Is There a Safe Online Broker for Trading Cryptocurrencies?
One of the biggest issues that online traders face today is of finding the right broker for trading digital coins. Since the cryptocurrency market is still new, you do not find many brokers that provide trading in this market as an exclusive service.
Usually, you find a forex broker that also happens to have their platform ready for crypto trading.
However, traders do not feel comfortable signing up with such brokers because of many concerns.
One of the main concerns they have is professionalism. They do not want to sign up with a broker that has included crypto trading in its services only to meet the demand of the market.
If you are someone seeking the right broker for cryptocurrency trading, you might want to consider this detailed RoyalCBank review.
This broker won the hearts of traders who want to trade digital coins. Here is why.
Why RoyalCBank Has become a Great Broker for Crypto Trading
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It Does Crypto Brokerage Exclusively
In the case of most other online brokers, you get the services as a side service.
They have forex trading and other types of trading available as the first services on their platforms.
Since the demand for cryptocurrency has increased, many online brokers have started to provide digital coin trading as well.
However, they have not been able to provide the service as an expert one. When you visit the website of the broker, you find a section dedicated to an explanation. The broker explains why it has cryptocurrencies as the sole asset available for trading on its platform.
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The Welcome Bonus Is There
When you sign up with most other brokers, you get huge leverages. These leverages are great but not so for new traders.
As a new trader, you need some more cash in hand for safe trading through a method that’s different from leveraging.
Leveraging can be a blind arrow in the dark by new traders. If it benefits new traders, it can hurt them in the same way.
In this scenario, a welcome bonus proves to be the biggest help for new traders.
That’s what they get when they sign up with this broker. Even with the most basic account, they can qualify for a bonus of up to 30%.
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Proper Education on Trading
Here is another issue that you will face with most other brokers that provide a variety of types of trading on their platforms.
When you go into their education section, you find out that most of the material is focused on forex and conventional types of CFD trading.
You are usually disappointed when you try to look for information specifically on cryptocurrency trading.
That’s quite a huge disappointment in fact. How can you start trading an asset of which there is no education on the broker’s website?
What bothers traders, even more, is the fact that these brokers have cryptocurrency trading in their services but not educated on this subject.
It is as though teaching you how to swim when you are about to do your first parachute jump from the plane.
Final Thoughts
The biggest sign of being a successful broker is not profitable trades. Even the best can fall down at times.
What makes them true traders is the fact that they take their time in deciding on important things.
That’s the same thing you have to learn right from day one.
If you want to be a great trader, you have to think, research, and investigate before you make a decision on your money.
When you look at all the factors and features stated above, it should be clear that RoyalCBank is an ideal broker for anyone who is interested in cryptocurrency trading.
Category: Cryptocurrency
