One of the most prominent trends in 2020 was the rise of the cryptocurrency market and an influx of investors and traders in this space. Bitcoin had had its previous bull-run back in 2017 and it began another in 2020, which turned out to be on a much bigger scale than before. Therefore, it was a given that people would rush into this market because there was the opportunity of being able to make millions within a short span of time. Luckily, there are more than enough brokers to cater to people who want to jump on the crypto bandwagon.
However, this doesn’t mean that in your eagerness to get started, you don’t do your homework and learn some important things about a broker before entrusting them with your information and your money. There have been scams and poor trading experience that you would rather not repeat. Hence, it is important to do your research and the same applies to BitOpps. You need to ensure that they can be trusted and a BitOpps review is necessary in order to find out. What should you know about this crypto boutique? Some of the questions to ask are highlighted below:
What cryptocurrencies can you trade?
It is a given that your BitOpps cryptocurrency trading is why you are thinking about signing up with them, but do they offer the cryptocurrencies you want? Bitcoin may have been the pioneer crypto, but it is definitely not the only option that you will find in the market today. A number of other cryptocurrencies have also been introduced and they have delivered some promising returns. In addition, diversifying your investment across different options is also a smart move.
The good news is that you can accomplish this goal via BitOpps because they have added a horde of cryptocurrencies to their offerings. Rather than just offering you a handful of leading options like Bitcoin, Ethereum, and Litecoin, they have also provided some other promising cryptocurrencies like Bitcoin Cash, Ripple, Monero, Dash, NEM, and IOTA, allowing you to enjoy greater profits.
What account options are provided?
Your next focus should be about the account options that BitOpps is offering because you want to be able to trade comfortably. The purpose of offering multiple options is to accommodate and facilitate traders from different backgrounds. Here, you will find that a total of six account types have been added to the platform in order to make it convenient for all kinds of traders to find what they are looking for. The six options include Basic, Bronze, Silver, Gold, Platinum, and Black. Each of these accounts have different deposit requirements, which start with 1,000 for Basic and go as high as 100,000 for Platinum
As for the Black account, BitOpps only offers that to customers who meet certain criteria and you cannot sign up for it directly. There are some features that are common in all accounts like customer support, access to educational resources, and account manager. Some others like price alerts, daily market review, one-on-one training, premier events and exclusive position access is only available in specific accounts.
Is the platform secure?
The most important question that you need to ask about any broker is regarding their security. You need to ensure that they do everything possible to protect your information and your money because you don’t want them falling into the wrong hands. BitOpps is very proactive in this regard, as they use segregation of accounts for storing the deposits made with them by traders. As for the safety of your information, they have opted to go with advanced SSL (Secure Socket Layer) encryption.
Along with these measures, BitOpps also complies with the rules of AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies because they want to reduce the risk of financial fraud, money laundering, terrorist financing, and identity theft and give peace of mind to their customers during trading.