Read our BitOpps review and learn why we recommend this broker for online trading. BitOpps is a great trading platform that offers features and services that suit traders from different backgrounds.
The internet has made it easy for people to know things before they step forward and do them. If you are thinking about signing up on a trading platform for trading digital coins, you might as well listen to what others have to say about that platform. In this particular case, I will give you a complete review so you know about the trading services provider inside out before you make this decision. Cryptocurrency trading is quite new because of how new the cryptocurrencies are. However, there are already dozens of online platforms that allow you to trade these digital currencies with convenience.
After trading with a few online companies, I can tell you a lot about them. I have known their pros and cons with time. In most cases, they are all pretty similar. Of course, you want to stay away from the ones that are there only to scam you. However, with a little diligence, you can avoid signing up with the wrong ones without any issues. The trading platform I am talking about today is BitOpps. It’s an amazing place where you can trade a variety of cryptocurrencies without paying attention to things that distract you from doing so.
I liked trading with this broker the most among all the others I tried before. The overall convenience that it offers is something I can preach about. Now, be sure that my purpose of writing this review is not to “convince” you to sign up with the company. It is only to let you know more about it so you can make a well-informed decision. So, here we go.
|Trading Platform||Mobile, Desktop, Tablet|
|Fees and Commissions||Minimum|
|Customer Support||Phone and email (Regular Work Hours)|
|Account Types||Basic, Bronze, Silver, Gold, Platinum, Black|
|1-on-1 Trading Trainer||Yes|
|Deposits||Credit Cards, Debit Cards, Bank Wire Transfer|
|Spreads||Fixed and variable|
|Minimum Deposit||250 EUR|
The BitOpps Experience for New Crypto Traders
Security Is Never Compromised
I can compromise on anything but not security. When you sign up with an online company for trading purposes, you have to provide some personal information. It does not matter who you sign up with or where you belong, you have to provide those details. For your reference, let me tell you that you will have to give the broker your identification number. In addition to that, you will also have to take the picture of your identification card. Make sure that this identification card has been issued by your government or state for it to be accepted on the platform.
Moreover, you will have to provide your banking statement and a picture as proof that you are the one who owns that bank account. In some cases, you will have to send the picture of your utility bill as well. Online trading platforms use these bills to make sure that you really live where you are claiming you live. Now, since all of this information is so sensitive, you can’t really take it for granted. You don’t want to send this information to someone who is not willing to take care of the information for you. What do you have to do then? Well, you have to sign up with a company that has proper measures to take care of your information.
The first thing you look for is SSL certificates on the website. This ensures that the broker is taking care of your information as soon as it is entered on the website. Make sure that the firm you are about to sign up with has proper encryption in place to protect the banking, personal, and location information you are about to provide on the website. I can tell you with confidence and pride that you will not have to worry about your information with BitOpps because it encrypts every bit of data you provide on the website.
Only Ethical Trading Is Allowed
When you trade on a platform provided to you by the company you sign up with, you have to be sure that you are in a safe place. I have to tell you here that some online entities are not the best people to sign up with online brokers. For example, some people can think of online platforms as places to hide their money. This is called money laundering. A lot of people from around the world do it. They are hiding their black money from their governments and want to use these online platforms for hiding their money. They open the most expensive trading accounts with trading services providers and keep that money there without trading at all.
You will be shocked to know that there are certain online platforms where people are storing their black money. However, once you have signed up with BitOpps, you will not have to worry about that at all. You have BitOpps providing you with a trading platform where no one can sign up unless they make sure that they adhere to the KYC and AML policies that are incorporated on the website. When you sign up, you will have to provide your personal details. You will have to send your personal identification information and the picture of your ID card. You will also have to send your banking details in pictorial format.
You cannot sign up with this company without providing this information. That’s because the firm you are signing up with adheres to these policies only for your security. Anyone who is looking to hide their money or identity will be uncomfortable signing up with professional people like this company.
Choose from Many Crypto Assets
You can trade a variety of assets in just the cryptocurrency market when you sign up with BitOpps. I have been with online companies that provide their traders with many different assets. When you look at their asset indices, you will find just about any asset that you can think of. Starting from fiat currencies to precious metals and stocks, you will find all these assets for trading when you sign up with them. However, the problem with that approach is that you usually get very limited cryptocurrencies for trading. In most cases, you might have your hands only on Bitcoin for trading.
What if you want to trade hundreds of other cryptocurrencies that have been launched in the market over the years? If you look at the condition of the cryptocurrency market today, you will realize that more and more coins are emerging with each passing day. If you want your hands on those coins, you have to be on the right platform. That’s what you will do when you sign up with BitOpps. You have Bitcoin available for trading, which you can trade if you are ready for some wild volatility. If you want to go with something more stable, you should pick Ethereum.
You also have Ripple available for trading, which is destined to become the most sophisticated way to transfer money all across the globe. Lastly, you have Litecoin, which is the coin with a very advanced approach at creating digital coins. This is one of the lightest coins you can get your hands on. The best thing is that you can trade all of these crypto assets from the same trading platform with this broker.
Trade Anywhere You Want
Why do you have to go somewhere when you want to trade? It is because you are on a trading platform that is not for modern generation. If you are trading in 2020 and beyond, you have to find some software that you can use on all your devices without any issues. There are certain challenges you will have to face when it comes to picking a platform for trading. Firstly, you want to make sure that you can use the software on the current devices that you have. If you have an Android phone, you should not have to switch to some other mobile operating system to use the platform.
If you have an iPhone, you should not be forced to use an Android phone just because you want to trade with this company. In addition to that, you also have to make sure that you can use the trading software on your computer. Whether you are using your laptop or desktop, the software should be there available with all its features for you to use. Can you do that with the software that you have been provided with by your current trading services provider? When you go with BitOpps, you will have this amazing platform that you can use anywhere you want without the limitations of the operating system you have on the device.
You will also like it for the fact that it contains everything that you ever wanted while trading. Are you looking for some sort of calculator to know how much profit you will make on your trade if you use leverage? Do you want to know about the market sentiment before you enter a trade? Do you want to keep an eye on a particular asset before you put your money in it? Well, you can do all of that and some more when you sign up with BitOpps. This company has made sure that you get all these amazing tools and indictors right on your platform.
Six Feature-rich Account Types
The account types from this firm are some of the best that I have seen. I have been with many online services as I have told you before. However, I think that having limited choices of trading accounts can be very disappointing for new traders. When there are not enough trading accounts to choose from, new traders are usually forced to pick something that they are not comfortable with. For example, you might have to pick an account that requires you to deposit 50,000 EUR just to start the account. But what if you want something that is more affordable than that? What if you are a student and you have a very small amount of money for trading?
Not just that, but many traders like to open a basic account because they are only testing the waters. By investing a very small amount, they just want to figure out if trading is for them or not. So, what if you belong to the same category? You don’t have to be forced to spend a fortune only because you are trying to test what crypto trading is like. With BitOpps, I have always felt comfortable. When I started trading with this company, I chose the basic account because that was the one I could afford at that time. I did not have a lot of money, but that was not a problem because of the account choice.
I only had to deposit 1000 EUR in the account and there I was, a trader who could trade any cryptocurrency I wanted. In addition to that, you also have the bronze account, which requires a small 10,000 EUR from you to start it. You have four more account types. The most expensive account that you can pick from the list to sign up with BitOpps is the Black account. You can say that when you pick this account, everything happens the way you want it to happen. You will, however, have to call the company to know more about the particulars of this account.
For people who believe in Islamic teachings, they cannot usually sign up with the regular trading accounts provided by online brokers. The problem with these accounts is that they involve swap rates. You can say that they involve interest rates that are not allowed to Muslims. Well, if you leave this group of people out, you are literally saying not to hundreds of millions of traders from dozens of different countries of the world. Not every online brokerage firm thinks about that factor but you can expect only the best from BitOpps. These people really know what they are doing and they want to give opportunities to everyone for trading.
If you look at the account details on the trading account page on BitOpps website, you will notice the Islamic account option. Yes, you have this account option if you belong to the Muslim faith. I do have to tell you here that you cannot enjoy this account if you go with the basic or bronze accounts. However, the rest of these accounts offer you this particular feature.
Training from the Best
You will get trading training from the best in the industry when you are with this company. It has arranged a variety of ways for you to learn trading. I have seen other companies. They only have one way of training you. For example, the moment you sign up with them, they will give you access to their education center. They tell you that you can learn everything from this education center. However, when you explore the options inside the center, you realize that most of the information is only generic in nature. You really don’t learn anything from them other than some introduction to crypto trading.
In the worse cases, you will end up with companies that do not provide you with anything more than generic education on trading, not even crypto trading. So, you will know what trading is, but you will not have any clue what cryptocurrency trading is all about. That can be very disappointing at times. I am sure you will never have to face such disappointment when you are with this broker. The firm has ensured that you can learn trading in more ways than you can realize. The first thing I would like to tell you about is the training you will get one-on-one. Yes, that’s the best form of training because you get personal attention and there is no one to share it.
In addition to that, you will also have webinars that you can attend to learn from the best experts in the industry. They will tell you about the latest trends in cryptocurrency trading and explain any other concepts that you need clarity on. The best thing is that you can ask them questions and get all the clarification you need on the concepts that are not making sense to you. Furthermore, you will have dedicated account managers that can help you with your trading accounts. If you go with the gold, platinum or black account, you can also attend premier events that every trader wants to be a part of for a premium experience.
Crypto Signals and Glossary
There is a lot of information for you available right on the website that you can use when you are trading with this firm. First of all, if you only want to learn what cryptocurrencies are, you can learn that from the website. On this website, you have a lot of education that tells you what Etheruem, Bitcoin, Ripple, and Litecoin are all about. Once you know their basics, you can wrap your head around the need for having them in the first place. Once you understand their value, you feel even more like trading digital currencies. That’s the reason more and more people are jumping onto this bandwagon with the passage of time.
Furthermore, you have a detailed glossary on the website that you can use for learning all the terms that are related to crypto trading. I am glad that BitOpps thought about its platform and target audience before creating this glossary. It contains all the terminologies that cryptocurrency traders need to know before they jump into this activity. You will learn a lot of generic terms in this glossary that are important for every trader in the world to know before they trade with an online company. Last but not least, you have crypto signals to help you with your trades.
Crypto signals are there to help you trade in the right direction. When you trade, you get trading signals that tell you whether you should purchase the asset or sell it. Yes, every signal tells you about a particular asset. So, the more signals you get, the more you know about assets and how you should trade them. Now, you have to keep in mind that they are not there as a guaranty that you must purchase or sell an asset, and that you will end up with profits when you trade as per signals. However, they can be great authentication tools for your personal analysis. If the result of your personal analysis and trading signals matches, you have a high probability of profiting on a trade.
Customer Support of Professional Level
In the end, we have to talk about customer support. You cannot sign up with any company without confirm their customer support. When you trade online, you are relying on a company that might not be located on your side of the world. In other words, you are relying on someone who is located and headquartered on the other side of the world. The only connections you have with the company are in the form of the trading platform and customer support. I am glad that BitOpps thought customer support from all possible angles.
Firstly, you have FAQs on the website that are supposed to provide you with an answer to your common questions. Secondly, you have a web form that you can use to send your questions. Thirdly, you can contact the company through email. Lastly, you have a phone number that you can use to get in touch with the customer support for all the help you need. You will have these professionals available to help you from Monday to Friday. So, when you have any issues with your trading platform or your trading account, you can get in touch immediately.
Before I finish this review, I have to tell you that you can use your debit or credit card to deposit funds in your account in addition to wire transfer. These are easy and reliable methods. Your funds are maintained in segregated accounts only for your safety. In a nutshell, I have always believed that this broker has taken care of the interests of its traders in every possible way. Now, it is time for you to explore more and form your opinion. Or, if you think everything is good, you might even consider signing up.