Currency.com Exchange Review

Currency.com Exchange Review

Robert McDougall 

February 27, 2022

Cryptocurrency

What is Currency.com?

There are countless cryptocurrency exchanges that allow users to trade different digital assets right from their platform. Some offer a couple hundred assets to trade, while others only support a handful of coins. Then you have Currency.com which offers more than 150+ cryptocurrencies, and over 2000+ other tokenized assets.

Currency.com is unquestionably one of the biggest and most diversified exchanges you will find. The platform has spread worldwide, with offices in the USA, Ukraine, Poland, and Gibraltar to provide the best possible services to their users around the globe. There are tons of features and options that Currency.com offers for a premium trading and investing experience. They don’t just focus on cryptocurrencies, but also indices, commodities, shares, forex, and more. The platform is even available in different languages to make it easier for users to explore the platform and get started.

  • Web Address: www.currency.com
  • Main location: New York, USA
  • Cryptocurrencies: BTC, ETH, LTC, XRP, SHIB, ANT, BAND, MANA, and 140+ more
  • Fiat Currencies: USD, GBP, EUR, RUB, BYN
  • Mobile app: Yes
  • Deposit Methods: Visa, MasterCard, Bank Transfers, Cryptocurrency
  • Deposit Fees: Bank transfer, Crypto: Free; Visa, Mastercard: 3.5%
  • Trading Fees: 0.06% - 0.075% (depending on trading pair)

My Overall Thoughts on Currency.com

If you want to use a single trading platform to access a range of different trading markets, then Currency.com is an excellent choice. Not only does Currency.com offer cryptocurrencies to trade, but they also allow users to trade tokenized versions of forex, commodities, indices, shares, and bonds. This means that you can make profits off trading these other markets, without actually purchasing them directly. Of course you can stick to simply buying and selling cryptocurrencies if that is what you are interested in.  

With the support of several deposit and withdrawal methods, and 5 fiat currencies, Currency.com makes it even easier for their users to perform financial activities on the platform. If you want to know what the best features of Currency.com are, these are the three things that I like the most:

1) Easily buy and sell 150+ different cryptocurrencies:  Users can easily buy and sell cryptocurrencies, using a mobile app or the desktop site. All it takes is a few clicks to own crypto coins on Currency.com.

2) Diversity in trading options:  This is, of course, one of the standout aspects of Currency.com as they have plenty of different markets on their platform. There are more than 2000+ tokenized assets that you can trade, such as forex, commodities, indices and shares. Not only that, but you can even use leverage trading to increase your potential to make larger profits. 

3) Premium support and learning opportunities:  Currency.com offers premium support with their live chat and the platform also offers great learning opportunities to new traders and investors. You can keep yourself updated and knowledgeable with the latest news and market conditions so you can act accordingly.

One downside is that Currency.com is not available for US users. The good news is they have already developed a separate platform for US users, but it is limited to only supporting buying and selling of a few crypto assets. 

Key Features & Advantages of Currency.com

Currency.com is one of the very few crypto exchanges that bring literally thousands of tokenized assets for traders and investors to explore. The best part is, they don't just offer cryptocurrencies, but exposure to a lot of other asset classes so their users can trade everything in a single place. 

Here I have compiled a list of all the key features and benefits you can get from Currency.com. You can take a look and evaluate if they would serve your trading purposes.

Negatives & Disadvantages of Currency.com

There is no doubt that Currency.com offers what many exchanges definitely don’t. The availability of assets, professional trading, security, mobile apps, customer support, and learning portal are top-notch.

On the other hand, there are a couple of things that can affect the experience of their users. Take a look and them and see if they are deal breakers for you:

What Services does Currency.com offer?

You might have already noticed after checking out the key benefits of Currency.com that it is not a simple and straightforward crypto exchange. It is designed specifically for those who are looking for a fully-fledged trading experience with every possible feature to enhance their experience. To understand how the platform attracts traders and investors, you might want to take a look below and find out in detail what services they offer.

Over 150+ cryptocurrencies available:  If we put aside all the tokenized assets available for now and just focus on the cryptocurrencies, you will find more than 150+ crypto coins on Currency.com. Any platform that offers more than a hundred cryptocurrencies is offering quite a diverse range of options to traders and investors. With Currency.com, we are talking about more than 150+ cryptocurrencies, including tons of popular coins and some new ones that have the potential to grow.

It does not matter if you are looking for Bitcoin, Ethereum, Litecoin or Shiba Inu, you will find them all easily on Currency.com. The best thing about having many options when it comes to cryptocurrencies is that you do not have to follow the top coins or trends. You can go your own way and try your luck with some lesser known coins or even ones that have just been listed on the platform. You can either invest your money and HODL your crypto or trade them frequently to increase profits. To give you better insights into how the market is performing, Currency.com lets traders check out the best and worst performers as well as the most volatile coins to help you decide where to put your money.

Convenient buying and selling of cryptocurrency:  Buying and selling of cryptocurrencies has been made easier by Currency.com due to the straightforward option they have introduced. Investors can buy Bitcoin or other popular crypto assets directly from the website or their mobile app without any type of delay. Remember that you must have a verified account with Currency.com in order to buy cryptocurrencies efficiently.

You can do your research, evaluate and determine if it is the right time to buy, and then make your purchase. Or if you already own crypto and want to sell to realize your profit, that is easy too.

Several markets available for traders:  This is where Currency.com beats almost every other competitor. The number of markets available, along with the number of tokens, is massive. They have more than 2000 tokenized assets available within different markets that users can trade.

Besides crypto, these are the available markets:

  • Commodities
  • Indices
  • Shares
  • Forex
  • Bonds

If crypto is going through a very volatile month, and you are not interested in trading them right now, you can trade forex, commodities, or shares instead. In other words, there are several great options available for you to diversify your investments. A reminder that it is not a good idea to jump into a new market and invest your money in something without proper research. If you are used to trading crypto but have no idea about the share market, make sure you do research before investing, and only ever put in what you can afford to lose.

Professional mobile apps available for iOS and Android:  If you spend more time on your phone than computer, Currency.com has you covered. With their professional mobile app specifically designed keeping in mind the needs of traders and investors, users can access their portfolio easily from their mobile devices. 

In order to give users proper insights about cryptocurrencies, there are fully-featured charts available too. To increase security, the apps also use two-factor authorization for peace of mind. The mobile apps are available for both Android and iOS devices, and it is easy to download straight from your app store.

Switch between beginner-friendly charts and advanced trading charts:  There are broadly speaking, two different types of traders, those who like to keep things simple and others who like to use every possible feature to improve their trading experience. Regardless which type you are, Currency.com has something for you, with their beginner-friendly or advanced trading interface. If you are a complete newbie, you can simply click on any asset you want to trade, and a simple chart will pop up in front of you with the options to place buy or sell orders. Note that you will not get access to any customization or indicators with the simple charts.

If you want to go all out with your trading experience, you can opt for their full charts to access all the features you want. These charts allow traders to use more than 75 indicators for premium technical analysis. You can also customize the charts and transform them into something that is easy for you to read. 

Various deposit and withdrawal methods:  Currency.com offers their users the three most popular ways to deposit or withdraw money, or make purchases on their platform. Those three methods are Visa, Mastercard and bank transfers. The inclusion of Visa and Mastercard enables anyone to deposit money or make direct purchases. It does not matter which fiat currency you use; the Visa or Mastercard will automatically convert it into the fiat currency you have chosen on the platform.

Up to 500x leverage:  Currency.com allows their traders to increase the leverage up to 500x for certain markets. For instance, you can easily trade forex with up to 500x leverage. For commodities and oil markets, the leverage can go up to 200x. As for cryptocurrencies, the maximum leverage limit is 100x, which is still quite generous compared to other platforms. Leverage trading can bring more earning potential from successful trades, but you should also understand the risks behind it. We do not recommend leverage trading if you are inexperienced in this field.

A fully regulated and safe platform:  One of the selling points of Currency.com is that it is a fully regulated and secure trading platform that is compliant with AML and KYC laws. They provide full security to their users’ accounts to minimize the risk of any types of breaches or hacks.

Premium customer support with live chat option:  Currency.com has several modes through which customers can get in touch with them. The first and the easiest way to contact them is through the live chat button available at the lower right corner of the exchange. A customer support agent will connect with you to help solve your problem. Alternatively, you can submit a ticket to get an answer via email within a few hours.

Currency.com also lets their users contact them through Messenger, Telegram, and Viber. If you are on any of these platforms, you can easily message them and wait for a reply.

Great referral and affiliate program:  If you want to earn some money by referring your friends or family members, you can easily do so with the Currency.com referral program. Both you and your friend can earn up to $100 when they join the platform using your link. The rewards will depend on how much money your referral deposits and what type of operation they perform. Note that Currency.com offers cryptocurrencies as referral rewards instead of giving you fiat currencies.

You can also become an affiliate partner of Currency.com and earn a 40% commission of your affiliates for 24 months. Your clients will also get a 12% discount on trading commissions to make things more affordable for them.

Extensive learning portal with the latest updates:  There are two different sections available at Currency.com that specifically focus on teaching traders and keeping them updated with the latest conditions. With the “Learn to Trade” section, you can start from scratch and start learning the basics of trading and investing. 

If you want to know what is currently happening in the crypto market, you can visit the "News and Features" section to read articles and informational posts about the current conditions. It can be a great way to discover new opportunities and invest your money at the right time. 

What I don't like about Currency.com

Now it is time to briefly check out a couple of issues that bother me about Currency.com. Take a look and see if they affect your experience.

Not available in the USA:  Residents in the USA and from several other countries cannot use the services of Currency.com. They might be able to access the exchange and explore what they are offering, but they won’t be able to verify their identity and proceed with trading or investing. For US residents, Currency.com has developed a separate exchange for them but it only allows them to buy a few crypto assets.

Full verification required to access features:  You cannot perform any type of financial activity on Currency.com until you are fully verified with your accurate details. This can be troublesome to users as the verification process is not always quick, which means you cannot start buying crypto straight away. The silver lining to this is that Currency.com is showing a clear interest in the safety and security of their platform, and adhering to AML/KYC laws. 

Currency.com Fees

Currency.com Deposit Fees

  • Bank transfers: Free (Min. 50 USD/50 EUR/50 GBP/3500 RUB)
  • Crypto deposits: Free (Min. amount varies for each asset)
  • Visa Card: 3.5% of the entire amount (Min. 20 USD/20 EUR/20 GBP/50 BYN/1500 RUB)
  • Mastercard: 3.5% of the entire amount (Min. 20 USD/20 EUR/20 GBP/50 BYN/1500 RUB)

Currency.com Trading Fee

  • For BTC/USD, BTC/EUR, ETH/USD, and ETH/EUR: 0.06%
  • All other cryptocurrency trading pairs: 0.075%
  • Shares, ETFs, Indices, and Commodities: 0%
  • Forex: 0%

Currency.com Fiat Withdrawal Fees

  • Bank transfers for USD, EUR, and GBP: 0.15% (Min. 20 and max. 150)
  • Bank transfers for RUB: 300 RUB
  • Visa and Mastercard for USD, EUR, and GBP: 3% + 3 USD/EUR/GBP
  • Visa and Mastercard for RUB: 3% + 200 RUB
  • Visa for BYN: 3% + 7.5 BYN
  • Mastercard for BYN: 3% + 9 BYN

The minimum withdrawal amount at Currency.com depends on the currency you are withdrawing and the method you choose. If you are withdraw with Visa or Mastercard, the minimum amount is 10 USD/EUR/GBP, 750 RUB, and 25 BYN. In the case of bank withdrawals, the minimum amount is 50 USD/EUR/GBP and 3500 RUB.

Currency.com Crypto Withdrawal Fees

All the cryptocurrencies available at Currency.com come with a different withdrawal fee. As an example, the fee to withdraw BTC is 0.0001 BTC; for ETH, you will have to pay 0.004 ETH. To see the withdrawal fee for each coin, you can check out their fee page

Pros and Cons of Currency.com

Pros
  • Over 150+ cryptocurrencies and 2000+ tokenized assets
  • Beginner-friendly and professional trading charts available
  • Up to 500x leverage supported
  • Mobile app for iOS and Android
  • Fully regulated and secure platform
Cons
  • Not available in the USA and some other countries
  • Strict verification process

Verdict

Currency.com has one of the widest ranges of assets of any crypto exchange. They have over 2000+ tokenized assets and 150+ cryptocurrencies, with various options and features that you will love exploring. The trading experience at Currency.com is excellent, due to the ease they bring their users. There are more than 75 indicators that traders can apply to all available markets for better technical analysis. Leverage trading of up to 500x is possible, and you can access markets such as stocks and forex which are not possible on most crypto platforms. Thanks to Currency.com's mobile apps, you can easily access your portfolio and buy and sell crypto assets at any time. 

Unfortunately, Currency.com is not available for US residents, so if you are looking for a US based exchange, read our article on the best cryptocurrency exchanges in the US. I have also included a comparison table below that shows some of the main information.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Can US citizens use Currency.com?

Currency.com is not available for US users. Instead, they have developed a separate platform for US users, which is limited when it comes to trading, buying and selling cryptocurrencies.

Is it safe to use Currency.com?

Yes, it is totally safe to use Currency.com as it is a platform regulated and registered by authorities. They also comply with AML and KYC laws for transparency and authenticity.

Does Currency.com support credit and debit cards?

Currency.com allows their users to deposit or buy directly with Visa or Mastercard. Ensure that international transactions are enabled by your bank, so you are able to use your card on Currency.com.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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