There are many advantages to using cryptocurrency and a cryptocurrency broker. They are:
- Free From Governmental Oversight And Control: Cryptocurrency allows the two parties to the transaction to directly interact with each other and does not involve a third party. This ensures transparency and total control over the transaction for the parties involved.
- Low Processing Fees: Unlike traditional currency or even online banking transactions (including your ATM processes, debit, and credit cards), cryptocurrency transactions directly involve only the parties to the transaction making the processing fees minimal compared to traditional currency processes.
- Global Phenomenon: In the short time (at least compared to the existence of traditional currency and banking processes that have existed since times immemorial), blockchain tech and cryptocurrency has gained global traction since the short time that it has been introduced. Albeit confusing for the average person due to the intricate processes behind crypto, enlisting the help of a cryptocurrency broker such as ETFinance can be tremendously useful for those looking to expand their knowledge of Cryptocurrency and diversify their investment portfolios.
What Benefits Can A Cryptocurrency Broker Offer You?
If you are new to the world of cryptocurrency, you may be daunted by the seeming complexity of the entire process of cryptocurrencies and the technology backing it, namely blockchain technology. However, if you are interested in learning more about an easy method to purchase and deal in cryptocurrencies, or invest in cryptocurrencies, a good way for a newbie to do so is to enlist the help of a cryptocurrency broker and engage their services, especially one such as ETFinance trading platform. While exchanges are certainly more common currently, that does not make them inherently better. Cryptocurrency brokers provide significant advantages, and those (especially newcomers not entirely acquainted with the crypto process) may significantly benefit from the services of a cryptocurrency broker as opposed to registering in a traditional cryptocurrency exchange.
One of the most significant advantages that ETFinance offers compared to other brokers is its hyper-specialization and focus on cryptocurrencies alone. While many traders are under the impression that it is better to have a wide range of assets under a single broker, this may be counter-intuitive and may also result in poor performance. Here are the features of ETFinance online trading that makes it an ideal choice for those looking to engage in the crypto trade:
- Focuses On Crypto Alone: Like stated earlier, while it might be tempting to go in for a full range broker with a variety of assets, this may also translate into that broker not having any significant edge or expertise on any of the individual assets that it allows trading on. On the other hand, ETFinance has ensured that its primary focus remains on cryptocurrency, ensuring significant specialization and expertise.
- Security: Unfortunately, given that cryptocurrencies are a new domain, one of the things plaguing the fintech industry currently are frauds and other malpractices. Given the seeming complexity of cryptocurrency transactions, the risk of running into such fraud while dealing with crypto trading is even higher. It is extremely important for the traders to, therefore, choose a reliable and reputable broker. Furthermore, when it comes to financial transactions and financial assets, choosing an unreliable service may not only affect those financial assets but may also compromise your overall financial health. ETFinance takes the security of its clients very seriously and therefore there is a negligible risk of financial loss.
- Easy match of sellers and buyers: One of the biggest paucities that the crypto market is currently facing is its ability to match interested sellers with relevant buyers. However, given the large and trusted user base of ETFinance, irrespective of whether you want to sell or buy cryptocurrency, you should be able to do it with minimal difficulty.
- Multiple trading platforms: ETFinance allows its traders to access the trading portal through multiple platforms. It offers three different trading platforms, and depending on your needs and level of comfort, you may choose the platform that is most convenient to you. This also includes a mobile platform. Especially for those starting with their cryptocurrency journey, this is extremely helpful.
- Multiple payment methods and cash out options: One of the aspects that make cryptocurrencies so difficult and cumbersome is the difficulty in making payments and cashing out transactions. However, with ETFinance, this is one aspect you no longer have to worry about. Both withdrawals and deposits can be made as easy as a click of a button.
- Robust security: the importance of security when it comes to partaking in financial transactions cannot be overstated. Everyone wants their financial information to be secure, and for their money to be safe. The robust security structure of ETFinance allows you to put your mind at ease with regards to the security of your transactions.
Therefore, due to all of these reasons, trading in cryptocurrencies is now made easy and simple through cryptocurrency brokers.