One of the biggest changes to have occurred in 2020 was the rise in the value of the cryptocurrency market. Similar to 2017, Bitcoin shot up and experienced yet another bull-run, far greater than the first one and it caused the entire market to surge.
Due to this, cryptocurrencies have now become the most in-demand trading instrument these days and people are rushing into this space so they are not left behind. Crypto trading has also become easier because a number of brokers have been established to cater to traders interested in these digital currencies.
You can find a number of companies offering you their services when you begin looking for one, but some due diligence is required because there are also shady ones that can be found. No one wants to opt for such a broker because the risks are high that you could be scammed.
Before you opt for one, you should ensure it is a good and reliable option. One of the companies that you will come across is named Binetrix, which is a crypto boutique that offers you access to this market. But, can it be trusted? Check out what it has to offer:
Security at Binetrix
In order to determine whether you can trust a broker or not, it is a good idea to take a look at its security measures. If a company genuinely cares about its clientele, then they will provide a secure trading environment, while unreliable options don’t really bother.
Binetrix falls in the former category, as they are dedicated to creating a secure trading environment for their clients. To begin with, they ensure funds safety by opting for customer account segregation. This means client deposits are kept in separate accounts to keep them safe.
Secondly, you will also notice that Binetrix uses high-end encryption for protecting confidential and sensitive information shared with them by their clients.
Furthermore, they are also complaint with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security procedures that can reduce the risk of identity theft, financial fraud and money laundering.
Cryptocurrencies at Binetrix
You also need to know what cryptocurrencies are offered by the broker in question before you sign up, especially if you have specific ones you want to invest in.
Binetrix can provide you access to an array of cryptocurrencies, which not only include the top options in the market, but also some lesser-known yet profitable ones.
Not every company will offer you this feature, which makes them a good option, especially when you are interested in diversifying your crypto investment. There are plenty of other choices to be explored other than Bitcoin, such as Litecoin, Ethereum, Bitcoin Cash, Monero, Ripple and Dash, amongst others.
Account Types at Binetrix
When you decide to sign up with a brokerage, you will be expected to open an account for their trading services and a number of options are given by most companies.
This is to facilitate traders from different backgrounds and to ensure that they trade comfortably because their needs will be met.
Binetrix account types have also been developed for this purpose and you can find a total of six options available, which is higher than what other companies usually offer. This gives you plenty of room to find a suitable account for your trading needs.
The options start with the Opening account that requires a deposit of 1,000€ and the other options include Horizon, Heritage, Fortune, Great Fortune and Infinite. The highest minimum deposit set by Binetrix is of the Great Fortune account, which requires 150,000€.
As far as the Infinite account is concerned, it is for traders who meet a certain criteria and is available by invitation only. The account manager can provide details about what needs to be done. The features also vary from account to account, so you can compare and choose the one that works for you.
In addition to these features, you can benefit from reliable customer support, low fees and an advanced trading platform, making Binetrix a good option.