Bitcoin hit its all-time high by the end of 2020 and attracted many investors. If you are thinking about joining the party, then you should know that trading with cryptocurrencies is a game of time. The digital currency is one of the most volatile assets that you can invest it. So, you need to make timely decisions for investments. Now, how can you ensure that you make the best, most calculated, and profitable decisions? By finding a trustworthy and high-performance crypto broker. Whether you enjoy successful trading or not depends on the brokerage firm that you sign up with.
As a new trader, it can get overwhelming to choose from the large variety of brokers available online. Therefore, I would like to recommend BitOpps which is a crypto broker that makes trading digital currency extremely easy and profitable. I will discuss the features of this broker that help maintain its position among the top brokers.
Features Of BitOpps That Keep It Among The Best
1. Innovative Trading Platform
The trading platform is through which you will execute all your actions as a trader. So, make sure that the broker provides you with a great one. BitOpps has developed its own trading platform which means that everything is made to compliment the features that it offers. The robust web-based trading platform is packed with all the features that are required for effective cryptocurrency trading. It also offers charts, cryptocurrency signals, and real-time market values to keep you informed. You can use these tools to make informed and profitable investments.
Another benefit that you can reap from this trading platform is of one-click trading which makes the execution of trading orders a quick process. The interface of the platform is very easy to use while also offering advanced tools.
2. Diverse Account Types
It is a trend among brokerage firms to provide users with different account types. This is because all traders come from different backgrounds and conditions and have different needs. It allows them to choose the account type that best suits them without forcing them to trade on fixed conditions.
BitOpps also offers varying account types to users. However, what makes it different from other crypto brokers is that instead of the usual 3 or 4 options, it provides you with six account types. It starts from the Basic account and ends at the Black account which is the VIP account. All of these accounts have varying features which increase as you upgrade your account tier. The smallest initial deposit amount is $1000 for the basic account which increases to $100k for the platinum account. You need to get in touch with the company to find out the conditions for the Black account.
3. Cryptocurrency Trading
As I mentioned before, BitOpps is a crypto trader which means that the sole asset that it focuses on is cryptocurrency. BitOpps has made a lot of effort to provide users with the best environment for trading cryptocurrencies. Therefore, it offers a wide range of cryptocurrencies to the traders. You cannot just stick to Bitcoin if you want to become a crypto trader.
Cryptocurrency markets are highly volatile so, you need to have other options. BitOpps supports Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, and several others. If you are a new trader, this is a great way for you to gain exposure to the different markets. And professional and experienced traders can maintain their diverse trade portfolio.
4. Low Trading Cost
Many people are hesitant when it comes to online trading because of the high trading cost that a majority of online brokers set. It gives them the impression that online trading is an expensive job where the broker takes high commissions on every trade. However, it is not true for all brokers. BitOpps provides low trading cost and complete transparency to users. In addition to tight spreads and proper leverages, the firm also does not charge any hidden commissions on deposits and withdrawals.
Spreads refer to the difference between the price that you buy an asset from the broker and the price that you sell it back to the broker. This price difference is through which trading firms earn an income. BitOpps has set a very low spread rate which varies for different cryptocurrencies. However, rest assured that you will not have to deal with high spread rates with this trading firm.
It also offers proper leverage which is one of the best features that brokerage firms can offer to their traders. Leverage is the contribution from the broker to your investments. It allows you to reach your financial goals faster by allowing you to participate in openings that are outside your current financial range. BitOpps offers leverage as high as 1:100 meaning that for every $1, it adds $100 to your investment.
5. Customer Support
You need to feel a connection with the trading firm to feel secure. A broker can earn your trust and build a good rapport with its customers by providing reliable customer support services. BitOpps is very reliable in this department as it offers a quick responding support team to users. The firm has provided many channels of communication such as emails, phone numbers, and a direct message form. Their service hours are from 6 am to 3 pm UK time which works well for traders from different countries.
In addition, useful informational articles and educational materials to help new traders get familiar with online trading. You will also find clear warnings about the risks that are affiliated with trading cryptocurrencies to keep you grounded while investing.
The Bottom Line
If you are looking for a trading firm that meets your requirements as a new trader yet doesn’t limit your trading options, then BitOpps is the perfect choice for you. The innovative platform provides tools, charts, and signals that ensure that you make the most profitable investments. The best thing about BitOpps is that its features complement the needs of new traders as well as professional ones.
The fact of the matter is that when it comes to brokers, there is no one-show-fits-all rule. While my experience with this broker was amazing, your experience may not be the same. So, before finalizing your decision to open an account, make sure that you try all the features.