Today I decided to bring a different theme.
Usually European people use either Kraken or Coinbase as an exchange and many are unaware that there is a very old and solid exchange based in Italy.
Anywhere in the world, choosing a good broker to acquire cryptocurrencies is, without a doubt, something essential for a positive experience in this world with as much potential as of crypto assets.
Especially in periods of Bull Run, as now, they are most of the time the gateway for new investors and have the responsibility to serve well and provide security to users and thus contribute to the good reputation of the market.
FOR THOSE WHO ARE IN THE MARKET, A BRIEF EXPLANATION OF WHAT A BROKERAGE IS AND WHAT DOES A BROKERAGE DOES:
It is a platform that connects buyers and sellers, where they can trade with each other using cryptocurrencies or fiat currencies, such as the dollar and the euro. The buy and sell orders are placed in an order book where the best buy and sell prices are displayed. In addition, it is possible to observe the latest negotiations that were actually carried out.
TIPS FOR CHOOSING A GOOD BROKERAGE COMPANY:
- Analyze the broker's history and if it has ever had security problems, hacks, bugs, and instability. All of this must be taken into account.
- As important as knowing about the possible problems faced, it is knowing what was the attitude in solving these problems and how was the communication to customers.
- The location and whether you can use it in the country where you live.
- Volume: the greater the volume of trading on an exchange, the easier it is to negotiate the desired prices. Liquidity is very important in the negotiation process.
- Fees: research the costs related to buying and selling and also to make withdrawals.
- Trading platform: check if the tools available meet your needs, such as stop, limited order, market order and charts.
THE ROCK TRADING
For those who live in Europe and are looking for a broker to negotiate crypto, here is a good option to take into consideration.
The Rock Trading is the oldest functioning cryptocurrency exchange to date in Europe and the world. Operating since June 2011, it was founded by Andrea Medri and Davide Barbieri, two well-known entrepreneurs in the Italian cryptocurrency community and who met in the virtual environment Second Life.
With their current headquarters in Milan, Lombardy (formerly Malta), at Galleria del Corso 2, they have more than 40,000 registered users and follow strict compliance rules stipulated by European regulators.
They are expanding the operation to other parts of the world and recently translated the site into Portuguese. So, for those who are in Europe and want to trade cryptocurrencies, this is an excellent option to be tested.
The Rock Trading website has a set of tools for market analysis and is compatible with mobile devices, where customers can access from anywhere, anytime and also through the application.
The Rock Trading has a very interesting tool that reduces the risk for those who invest: the so-called Accumulation Plan.
It is a tool that automates fractional purchases.
It is enough to have a balance in Euros, choose the frequency of contributions and their value. Purchases will respect the defined parameters and will happen while there is a balance, or when the user wants to cancel.
In addition, it has a news area with updates on the market and the platform.
The platform allows trading of Bitcoin, Litecoin, Ethereum, Peercoin, Zcash, XRP (Ripple), among others and trading rates start at 0.20% and drop to 0.02%, based on the volume of last 30 days, and has several options for deposits and withdrawals in euros and US dollars.
They propose to provide fast and effective service, stability, platform with advanced features. All this to facilitate the execution of operations, some of the main characteristics that a customer looks for when using an exchange.
NEGOTIATED COUPLE
TRADED VOLUME AND CURRENCIES AND CRYPTOMOEDES USED
The Rock Trading finished a few months crowdfunding for 10% equity. The maximum value was reached, so the sale was a success. It is with the entry of this resource that TRT is beginning its dedicated expansion to other countries.
ANDREA MEDRI words:
In a world without trust, We have been building a strong relationship with our customers, something that is not so easy to find in the Bitcoin ecosystem. We are the oldest Bitcoin exvhange still alive and We never have safety issues or losses. Rock Trading focuses specially on the European market, many times left backward by our competitors.
Remembering that our recommendation is that you should not delegate custody of your crypto to an exchange, but rather store them in your own wallets by yourself, always looking for the safest and best practices to minimize the risk of theft or loss . In addition, you should always do your own research, taking into account the points highlighted above when choosing a good exchange.