There are hundreds of cryptocurrency brokers that are operating in the market today and one of these options is Cryptopoint72. You can find all that you need to know about the broker’s offerings through this Cryptopoint72 review.
The financial markets, such as forex, stocks and commodities, are quite well-known for their ability of helping people make huge fortunes. There is a lot of money involved in these markets and many people have managed to accumulate their wealth from them. Of course, this means the risks are also high, but people who are looking for the big payoff don’t really mind the risk. Before the internet, investing in these markets was a tad too complicated, but now things have become a lot more simplified. This has opened the door to a lot more opportunities.
There have been new developments in the last couple of decades and the financial markets have also experienced some of them. One of these is the introduction of a new market altogether, which occurred in 2009 with the launch of Bitcoin. This was the first cryptocurrency of the world and at that point, no one could have fathomed that it would spawn such a ginormous market only a decade later. Yet, this is exactly what has occurred, as the cryptocurrency market is worth billions today.
During the initial years, people didn’t believe that cryptocurrencies could have any other applications except for being used in shady and illegal activities, as cybercriminals had begun to use Bitcoin for money laundering and what not. The decentralized nature of these virtual currency was the reason behind all the criticism, but it didn’t take long for people to experiment and find out that Bitcoin and other cryptocurrencies that had also been introduced, could be extremely useful. The world is becoming increasingly digital, which makes it the perfect time for these cryptocurrencies to grow.
But, the real recognition that these digital currencies received was in 2017, when the pioneer cryptocurrency hit the $20,000 mark. This was a whopping price increase for a cryptocurrency that had started at a meagre $0.0008. Thousands of crypto investors walked away with huge profits and this attracted the attention of others in the market. Soon enough, cryptocurrencies became the talk of town and their fervor hasn’t gone down since. In fact, it was further fueled in 2020 and 2021 when the global coronavirus pandemic saw other financial markets struggle while crypto thrived.
With Bitcoin reaching a value of $60,000 in April, the interest in the crypto market has grown significantly and in order to keep up, numerous cryptocurrency brokers have been established. These are platforms that are especially developed to provide people a chance to buy and sell cryptocurrencies in order to make profits. The number of crypto brokers has also surged in the past few years because of more people wanting to join the crypto bandwagon. This is a good thing because it means that people will have lots of options to choose from when they are looking for a crypto broker.
But, there is also a downside and that’s the confusion caused by the sheer number of options. It is not humanly possible or practical to go over every crypto broker before you choose one. Some people prefer to cut out the effort by opting for a crypto broker at random, but you should remember that this is a big risk. You will end up wasting valuable time if the crypto broker doesn’t turn out to be a good fit for you. Moreover, there is also a possibility that it could be a scam or just a shady and that will put you at risk.
Cryptocurrencies already carry a lot of risk because the market is extremely volatile and you definitely don’t want to add to it. Thus, it is a good idea to get an overview of an broker before you decide to trust them for your investing needs. One of the many brokers that you will find is Cryptopoint72 and it is not one that you can simply dismissed.
Their services are catered to anyone who wants to be part of the crypto market, whether they are beginners, or have some experience. Likewise, they also offer their services to both retail and institutional investors as well and this is another advantage. Nonetheless, you still need to have an overview of Cryptopoint72’s offerings before you declare them trustworthy. This review will help you in doing that:
Security and Privacy at Cryptopoint72
How do you begin your overview? You should do it by taking a look at the security and privacy that you will get if you decide to use Cryptopoint72 for buying and selling cryptocurrencies. A lot of people are eager to start investing and don’t bother looking at these aspects of the crypto broker and end up suffering for it. Everyone is well-aware that the internet is a hotbed for scammers, fraudsters and other cybercriminals and they are looking for any opportunity to take advantage. When you are using a crypto broker, you have to trust them with your personal information and your money as well.
If they don’t have adequate privacy and security protocols and policies, you will be left exposed and these cybercriminals will be able to exploit you. Do you want your money stolen, or your personal information in the wrong hands? Opting for an broker that is not capable of protecting your funds or your data is a recipe for disaster. Sadly, such brokers do exist and if you do not look closely, you will end up using one and suffer the consequences. The best way to avoid it is by looking at the security and privacy aspects before you sign up.
You will not have any cause for complaint where Cryptopoint72 is concerned because they have turned out to be quite thorough in both areas. Their security involves the use of high-end SSL (Secure Socket Layer) encryption, which protects all sensitive and confidential data that’s shared by their clients. You don’t have to worry about any prying eyes because all data will be encrypted, so even if the system is compromised, no information can be misused.
Most importantly, as Cryptopoint72 is a registered crypto broker, it is compliant with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. These policies can provide additional security because they ask customers to verify their account by providing proof of identity and residence. This ensures that no fake account can be made on the broker because documents, such as a passport, driver’s license or national ID card is to be used for proof of ID, while proof of residence involves submitting a utility bill, such as water, electricity or gas, a bank statement or credit card bill.
With these policies, it is possible for Cryptopoint72 to reduce the risk of financial fraud, identity theft, money laundering and terrorist financing.
Cryptocurrencies Provided at Cryptopoint72
After you have determined that the crypto broker is safe enough and can be used for your investment purposes, you need to know if they actually have the cryptocurrencies you want to invest in. Since you are interested in cryptocurrencies, you are already aware that Bitcoin is the top cryptocurrency, as well as the first of its kind. However, it is also important to know that it is definitely not the only one that can be found. Sure, there was a time when it was, but many others have joined it and now there is a huge horde of these digital currencies that can be invested in.
Bitcoin is still the market leader with the highest valuation, but a number of other cryptocurrencies have also established themselves as a force in the crypto market and are definitely worth investing. As a matter of fact, statistics show that some of them have been generating more than 100% returns for their investors, which makes them very profitable. In order to be able to invest in these, you will need to find a crypto broker that offers you the options you want. There are a multitude of crypto brokers, but their crypto list is going to vary.
No two brokers will give you the same choices and you need to ensure that the one you choose is giving you the choices you are after. Some people don’t have specific cryptocurrencies in mind and just want access to variety. Even here, you have to be cautious because you want cryptocurrencies with potential and not shady ones. Moreover, many cryptocurrency brokers claim to offer you an array of cryptocurrencies, but are just misleading and don’t really have much options. Consequently, you need to do an overview of the broker you are considering.
A look at the crypto provided at Cryptopoint72 can show you that they have lived up to their claims. As per their website, they offer more than 15 cryptocurrencies and this is what you will find on their platform. They are honest about their asset offerings and have given their clients a chance to buy and sell Bitcoin, Litecoin, Ripple, Ethereum, Monero and Bitcoin Cash. The option of being able to invest in these profitable and renowned cryptocurrencies is definitely appealing. In addition, having access to these options also allows you to diversify your investment portfolio.
Cryptocurrencies are undoubtedly risky investment vehicles because of the market’s volatility and diversification can help in mitigating some of the risks and increase your chances of profit. You can only implement this strategy if you have enough crypto options and Cryptopoint72 has ensured that its clients can benefit from it.
Platform Options at Cryptopoint72
In order to buy and sell cryptocurrencies on a crypto broker, you are given access to a platform. This shows you the options you can explore, their prices, the movements in the cryptocurrency market, tools that you can use and then allows you to execute your transactions. It is the responsibility of the crypto broker to provide you with this platform and they have to ensure that it can fulfill its tasks efficiently and seamlessly. This is no easy goal to accomplish and many brokers struggle with this, as evident by the reviews provided by investors regarding their platform.
Some people have problems with the interface, others find the platform too slow or it doesn’t have the necessary tools. As it can directly affect your overall experience, you should always do an overview of the trading platform that a crypto broker will offer to you. This should be done for Cryptopoint72 as well because you don’t want to deal with any problems later on. If the platform doesn’t turn out to be suitable, you will have to switch brokers and this is time consuming, not to mention frustrating. The good news is that their platform doesn’t come with any such challenges.
Powerful and innovative technology has been used by Cryptopoint72 for developing its trading platform, which gives it the ability of keeping up with the rapidly moving and changing cryptocurrency market. Despite the use of sophisticated technology, the user-interface remains simple and easy to understand and navigate for every user. Even if you have no prior experience, you will not face any problems because everything is organized and you don’t have to deal with any clutter. The platform doesn’t break down or crash regularly and allows you to execute transactions and see the results in real-time.
Apart from that, the platform at Cryptopoint72 has also been equipped with some cutting-edge tools that enable people to make smart crypto investment decisions. The most popular tool is the crypto price converter that allows users to convert any cryptocurrency into the currency of their choice, enabling you to figure out how much to invest or expect from a trade. Other than this tool, you will also find some others like interactive and live charts, different graphs and indicators, price alerts, a number of market analysis tools and the latest crypto market updates and news.
Moreover, you will find that the Cryptopoint72 broker has also kept up with modern trends and demands, as they have developed mobile apps for their platform. These are available for both Android and iOS devices, including smartphones and tablets, and can be used on the move. It doesn’t matter where you are, you will be able to monitor and track your account and make decisions easily. This ensures that you don’t miss out on any opportunities.
Account Opening Prerequisites and Process at Cryptopoint72
The next step you need to take after doing an overview of the platform is to know what you will be required to do to open an account and whether you are eligible or not. There is no standard that has to be followed in this regard, so crypto brokers are free to add any steps or prerequisites they want. This is one of the reasons why some of the brokers out there have become notorious for their extensive registration procedures and complex requirements that can annoy people and also take up their valuable time. There are a number of opportunities that you may not be able to capitalize on because you were busy completing the account opening process.
In order to avoid all of this hassle, you should prioritize an broker that doesn’t require you to jump through multiple hoops to open an account with them. A good and trustworthy broker will make an effort to make things simple and easy for their clients and focus on their convenience, rather than causing them stress. You will find Cryptopoint72 to be an excellent example of such an broker, as it has a very straightforward and quick account opening process. The only prerequisite they have is for their clients to be at least 18 years old to open an account.
As for the process itself, you just need to go onto the Cryptopoint72 website and open the sign up form by clicking on the ‘Join Now’ option. The form asks for your email address and password and also a mobile phone number. Make sure you enter a real and correct number because it will be used for authentication. The last step requires you to agree to the Terms & Conditions the broker has and then you will be done. They don’t ask you to complete any other formalities, like signing a contract or waiting for approval.
Deposits and Withdrawals at Cryptopoint72
As you will have to deposit money for buying cryptocurrencies and withdraw it after you have sold it, you need to know what steps you will have to follow for doing both. All crypto brokers don’t offer the same methods for deposits and withdrawals, so you should take a look to see the options you will have. You don’t want to deal with any delays because it will make it difficult for you to buy and sell crypto at the right time for you. There are several options you will find at Cryptopoint72 that enable you to deposit your money and can also be used for withdrawing later on.
These include bank wire transfers as well as credit cards, including Visa and MasterCard. You can use your fiat currency for deposit and then purchase Bitcoin and other cryptocurrencies. As a matter of fact, you can also sell the cryptocurrency of your choice and get the funds transferred to your bank account. You will find that Cryptopoint72 also offers businesses the facility of receiving crypto payments from their clients and then convert them into fiat. You will not find many brokers that offer this facility, which undoubtedly makes them unique in the market.
Customer Assistance at Cryptopoint72
Another vital aspect of a crypto broker that needs to be checked before you consider them trustworthy is their commitment to customer support. All legal and professional brokers prioritize customer assistance because they understand how important it is, particularly in the crypto market, where a lot of money is at stake. If you don’t get help in a timely manner, you could end up making hefty losses and this is something you want to avoid. In order to ensure it doesn’t happen to you, the key is to find a crypto broker that offers prompt assistance.
You will find Cryptopoint72 to be a strong fit here because they offer 24/5 customer assistance via several channels. They have provided an email address on their website that you can use for reaching out. You will also find a couple of phone numbers that can also be used if the problem requires immediate assistance. Lastly, you can fill out the online contact form on their website and the agents will get in touch with you themselves.
After you have done a complete overview of the offerings and services at Cryptopoint72, you can safely conclude that it is a trustworthy crypto broker.