The advent of cryptocurrency came with the need for exchanges such as CryptoPayIn because of its decentralized nature. However, there are a million of them out there, and choosing one needs critical examination and consideration. Amongst the different crypto exchanges out there, CryptoPayIn is one, and beyond other average exchanges, it deserves consideration. To effectively finalize the choice of an exchange, there are many factors to consider, hence the reason for this CryptoPayIn review.
CryptoPayIn is a cryptocurrency exchange established in 2018 under the parent company, Navasu OU in Estonia, Tallinn precisely where the physical office is situated. Currently, the exchange is providing its services in over 34 countries in the world.
Currently, the exchange record on the platform is more than $15 million while the 24-hour volume record is reading $750,000. The reputation of the exchange is built on the swift transaction processing amidst other things.
The competition within the crypto exchanges is very hot and that means the business would do everything to up the game and attract new customers while keeping the existing ones.
There is an old saying that reads “The first impression lasts longer,” and this is true about CryptoPayIn when you log on to the website for the first time. The user interface is very appealing and neatly arranged to aid navigation and easy usage. The contents on the homepage are well detailed and arranged than an average crypto exchange. As subtle as this is, it is praiseworthy.
Asset Choices on CryptoPayIn
For the sake of keeping track of one’s investment, it is not practical to have an account with different crypto exchanges to trade or invest in different crypto. It is important to have one’s portfolio on a singular exchange and this is where CryptoPayIn will become handy because of the varieties of assets it offers for trading.
The exchange offers 15 digital assets for trading and it allows traders to diversify their portfolio while minimizing the risks that come with trading too many coins. The assets tradable on the crypto exchange are the profitable and popular ones that allow traders to make the most of their investments.
Among the options on the exchange are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Monero, DASH, and others.
If there is any concern affecting the complete adoption of cryptocurrencies across the board, it is hinged on the level of security in the ecosystem considering that there is no recognized body regulating the market.
One of the metrics for choosing a crypto exchange is how secure the platform is. Trading on its own is risky, but trading on a less secure platform is riskier. Whatever exchange a trader will use must minimize the risk of investment including losing one’s data.
For CryptoPayIn, the exchange is registered in Estonia and this is a source of assurance to traders that the firm cannot gulp traders’ money in the long run. Also, the exchange is a complaint to the international policies including the KYC (Know-Your-Customer) policy and AML (Anti-Money Laundering) Policy. These policies prevent fake accounts by ensuring all traders on the exchange are verified using an ID issued by the government and proof of residence. While it is justified to be skeptical about trusting the exchange with your details and documents, the exchange employed SSL encryption technology to protect users’ data from compromise.
Registration and Trading Platform
Another consideration for traders in choosing a crypto exchange is how straightforward the registration process is. Some exchanges made a big deal from this process thereby delaying users’ access to the platform. Some ask new traders to sign contracts and wait for days to get approved before using the exchange. Some are quite time-consuming to complete and most traders avoid such exchange.
CryptoPayIn has one of the simplest registration procedures ever seen, a click on “Join Now” on the homepage brings a short registration form where the user’s mobile number, email address, and password are required. Filling these details and accepting the terms and conditions of using the exchanges makes you a registered user of the exchange.
Eventually, after getting in, the asset trading interface is quite intuitive and easy for navigation despite the advanced technology employed in building the trading platform. Charts and other related tools are available for traders to make the best decision in predicting the market movement.
Apart from the web trading platform, the exchange has a mobile application designed and optimized for both Android and iOS operating systems that allow users to trade on the go.
Comparing this crypto exchange to an average exchange, there are more desirable features and reasons to sign up with the exchange to maximize trading profitability.