WHY USE THE 500-markets PLATFORM?
Faced with an increasingly competitive world of cryptocurrencies and with the high range of alternatives in terms of exchanges, many exchanges can have very interesting characteristics for the different users of platforms such as 500-markets, which works with Bitcoin and other similar ones that adopt a more cautious approach and try to attract customers by offering a regulated and transparent service.
Through this article, we will learn more about the 500-markets platform, a cryptocurrency exchange aimed specifically at cryptocurrency investors. We will also know in detail its main advantages.
500-markets offers a simple and easy experience for those new to cryptocurrency investors thanks to its protrade platform and its API connectivity. The 500-markets OTC table, which is intended to facilitate investments starting at $ 50,000, is available to clients who want to invest in larger amounts.
500-markets is a registered company incorporated in 2016. To be part of it or work with it, users must authenticate their identity through a customer recognition process before buying and selling with Bitcoin, this because it is a regulated exchange.
With this brief background, let us know what are the advantages of the 500-markets platform:
- It is transparent and complies with all regulations..
- Its security measures are Grade A, including regular reserve test audits.
- 500-markets BTC users are insured without additional costs.
- It is aimed at beginners in the express trade function and advanced users in the protrade function.
- Offers customer service
What should you know about express trade?
Express Trade is a feature that allows users to buy and sell with Bitcoin easily and quickly. Users using Express Trade submit a market order to 500-markets , which is filled at the best available price. A commission of 0.2% is charged for buying and selling operations through the Express Trade service.
How the account funding and commissions develop?
To fund 500-markets accounts, bank transfers or wire transfers from Interac can be used. Users can deposit in any of the mentioned currencies..
Interac’s electronic transfer option is the most common since it has a minimum of $ 100 and transactions are managed in around 15 minutes, however, in some cases it can take between one to six hours depending on the time of day. Since the minimum is set at $ 20,000, bank transfers are intended for larger transfers.
The creator cost is set at 0.1% and the receiver charge is set at 0.2% for both buying and selling Bitcoin through the express trading feature. For buying and selling in the pro function, the creation rate is set at 0.1% and the reception rate at 0.2%. In general, 500-markets commissions are competitive compared to other cryptocurrency exchanges.
The security of working with 500-markets
500-markets has put in place a series of safeguards to secure both deposited currencies and customer accounts. 500-markets’s servers are hosted by a number of cloud service providers that follow FIPS 140-2 and other important security standards.
The exchange also undergoes frequent audits to ensure that they have a sufficient amount of Bitcoin to meet all the requirements of their clients.
500-markets is also one of the few cryptocurrency exchanges that offers 1: 1 insurance on its BTC holdings. This is made possible through a partnership with Bitcoin security firm Knox, which provides escrow services for the exchange’s Bitcoin holdings.
Users can protect their accounts by setting up the two-factor authentication that is required to log in or perform operations. This can help protect the user account in case the password is insecure or compromised.