Last year, Bitcoin’s popularity exploded when the pioneer cryptocurrency hit record highs and changed the fortunes of hundreds of traders overnight. It didn’t come off as a surprise that countless traders rushed into the market to buy this cryptocurrency, hoping to see a similar reversal in their fortunes. This sudden burst in popularity of cryptocurrencies led to the introduction of some additional ones as well and now there is an entire market revolving around them. But, when it comes to trading, how can you get started in this market? How do you buy cryptocurrencies and where do you sell them?
This is where the function of cryptocurrency exchanges takes focus. As the name indicates, these are designed for buying and selling of these new digital currencies and there are plenty you can find out there. However, the key thing to remember is that not all of them can be relied upon. The initial exchanges were expensive and offered only limited options, but the new ones are opening up new opportunities for traders. One of these is Cryptoniqa, a platform that’s all about Bitcoin transactions. This currency exchange has seen a quick rise in its number of users because of the all-in-one package it offers.
Who is Cryptoniqa.com?
Rock Europe OÜ is the company behind Cryptoniqa and it is based in Berlin, Germany and their aim is to create one of the best cryptocurrency exchanges out there. So far, they are doing a really good job as Cryptoniqa has become one of the leading platforms for anyone who is interested in trading Bitcoin and Ethereum. They are working on adding more cryptocurrencies, but have specialized in these two. One of the greatest reasons for their popularity is that they are able to offer the best exchange rates, something other exchanges are really having trouble with.
Buying Cryptocurrency on Cryptoniqa.com
Another unique feature of Cryptoniqa is that it can be easily used by any trader, whether they are just entering the market or have already gotten some experience under their belt. No matter what level of trader you are, getting started at Cryptoniqa is incredibly easy. The first thing you have to do is make an account on the website, which is quite straightforward. You need to provide your email address and password and fill out some other details. Bear in mind that you also have to be at least 18 years of age, provide proof of identity and address along with these or else your account will not be verified.
If your account is not verified, you will not be able to make any purchases and that’s not what you want. You also need to link your bank account in order to get the transactions processed. Once this is done, you can get started with purchasing and selling cryptocurrencies. Most traders hesitate in providing their private information to online exchanges because they have heard about the disasters that can happen. If your information is compromised, it can be used in different ways and leave you high and dry. No trader wants that to happen and neither does Cryptoniqa.
Therefore, they have implemented some very tough and strict security measures on their website. They offer you email and SMS alerts to ensure you are updated with whatever is happening in your account and can spot any unauthorized activity, if any. Other than that, your wallet is also monitored so you don’t have to worry about your investment or returns being stolen. But, the greatest assurance is that Cryptoniqa encrypts all your data, whether it is in motion or at rest. This means that your data cannot be read by anyone who doesn’t have the key to decrypt the data.
Fees and Rates
A major worry for traders is the cost of trading in the cryptocurrency market. Bitcoin, in particular, has become quite volatile these days, due to which it is a given that traders will be concerned with the fee being charged by cryptocurrency exchanges. Some of them do have very high fees and also take plenty in commission, but Cryptoniqa is not one of them. The platform charges only 4.7% as exchange fee and this also includes Value Added Tax (VAT), which is a very competitive rate not available elsewhere.
Another important thing to note is that Cryptoniqa can offer you some of the best exchange rates in the market. You cannot find such rates for buying or selling Bitcoin or other cryptocurrencies elsewhere. But, you should remember that the rate will only be finalized after payment is made and order is placed. It is essentially the average of the miners and exchanges and very reasonable, which makes Cryptoniqa an excellent platform for trading. Once you have placed an order, they begin the process.
Payments and Funds
It is important to understand that after you have made the payment, you cannot cancel your order. Thus, any cancellation has to be done before you pay. It will take anywhere between 2 and 5 days for you to get the cryptocurrency because there are some regulations that have to be followed before the transaction can go through. An anti-money laundering and KYC policy is also a part of Cryptoniqa, which definitely minimizes the risk. Moving onto the payment section, the platform offers you several options such as debit cards and are working to add more.
Other than that, it is the customer support service of the exchange that also makes it a complete solution for traders. Cryptoniqa values its clients and aims to assist them in every way possible. Therefore, the cryptocurrency exchange offers you the chance to get in touch via email or through an online form. A phone number is also available in the website. Cryptoniqa provides support for over 32 countries, which is a plus as traders from different parts of the world can take advantage of it. Since it is available in the English language, it is easy for them to use it without any hassle.