BitOpps Review
If you have been searching for a broker through which you can start trading with various cryptocurrencies, then look no further than BitOpps. While there are, of course, so many different kinds of tradable assets that exist within this day and age, the fact remains that cryptocurrencies remain one of, if not the most popular tradable assets today. This in-depth BitOpps review will therefore provide you with all of the necessary and relevant information that you should know prior to choosing the brokerage for your cryptocurrency trading needs.
Having been founded just over a decade ago, the flagship cryptocurrency Bitcoin (BTC) has since managed to gain a lot of traction (unprecedented, some might say) and has since gone on to become one of the biggest and most successful digital assets in history. So successful has Bitcoin been in the fact that it has now been made legal tender in El Salvador, which is a ground-breaking and historic moment in and of itself. Ever since Bitcoin was created, though, many other various cryptocurrencies, also known as altcoins, have also popped up.
These include but are not limited to Ethereum (ETH), Cardano (ADA), Ripple (XRP), Litecoin (LTC), Polkadot (DOT), Solana (SOL), Chainlink (LINK), Dogecoin (DOGE), Shiba Inu (SHIB), and many more. The cryptocurrency industry has thus gone on to become incredibly successful and has gained both considerable popularity and a vast increase in global usage over the years. More and more traders are now actively trading with various cryptocurrencies and also buying and selling them in their respective day-to-day lives.
Account options
With that being said, let us now talk about the first aspect of this brokerage which is the different types of accounts that are provided to you when you sign up. Unlike a majority of other brokerages who might only offer a few account types, BitOpps offers a whopping six different options for you to choose from. The account types are thus named ‘Basic,’ ‘Bronze,’ ‘Silver,’ ‘Gold,’ ‘Platinum,’ and ‘Black.’ Knowing which account type is suitable as per your own needs and preferences is vital, so let’s go into the details of each one offered to you.
Each account type will require a different amount in terms of a minimum deposit to use and will also offer similar yet different services and features depending on the account option that would have been chosen by you. It is hence recommended that for those that are brand new to the trading industry, the basic account option would perhaps be the best choice. If you have some semblance of experience and relevant knowledge within the trading industry, then you can also go for the bronze account if you want.
After this, experienced traders can then consider both the silver as well as the gold account options as these tend to offer more advanced trading instruments and tools. The features offered here will also hence require more in-depth knowledge and skills in the online trading industry. Moreover, the platinum account should mainly be used by extremely knowledgeable, advanced, and experienced traders as it also requires a minimum of $100,000 to use, so it is not a cheap option, to say the least.
The black account’s minimum deposit will be determined by your account manager, and you will thus need to consult with him before you can choose this account type. The black account is also the most advanced account type provided by BitOpps and offers the most diverse range of various services and features. However, not everyone may be eligible for this account option, so it is best to ask the aforementioned account manager directly regarding what your chances are to be eligible to get this account option for yourself.
Once again, trading carries a certain level of risk, and this is especially true for extremely volatile digital assets like cryptocurrencies. So, it would therefore be a good idea to know what your risk appetite is beforehand, and you should also do a thorough analysis of your budget to see what you can afford and what you can’t.
Security
One of the biggest reasons as to why you would choose any brokerage through which you would conduct your online trades is the sense of comfort as well as security that will be provided to you. In this day and age, the existence of certain individuals and entities who would like nothing more than to take advantage of you are increasing day by day, and you are bound to have already heard stories of such cases happening either to people you directly know or just generally in the news.
This is why BitOpps has made security a top priority, and it has spared no expense on this front either. You see, when you choose this broker, you will find that security is not considered to be an optional aspect and that BitOpps does, in fact, believe in providing a very secure and robust trading platform through which traders can not only carry out their respective trading activities easily but also be given peace of mind.
Moreover, both your funds as well as your personal information (which would normally be deemed as highly sensitive information and should hence never fall into the wrong hands) would be safeguarded 24/7 thanks to the cutting edge and advanced encryption software and security technology that BitOpps has implemented. The information is also encrypted via 256-bit encryption protocols.
Furthermore, you will be delighted to know that BitOpps also readily adheres to all Anti-Money Laundering (AML) as well as Know-Your-Customer (KYC) policies that have been put in place by the appropriate governmental institutions and authorities. These policies would therefore ensure that only the most trustworthy and honest traders would join BitOpps and that anyone who may be disingenuous would stay far away. The policies also help to identify and eliminate any harmful malware or viruses that could infect the systems.
Education
It has often been stated that the constant process of learning never truly stops, no matter how old we get. This is perfectly applicable to the online trading industry as well as you would constantly need to learn about all of the different changes that occur within the online trading sector if you are to keep up to date with everything that is happening and all of the noteworthy alterations that may be taking place. To that end, you will hence need to pick a broker that will provide you with a wide array of different educational resources.
These resources are essential as being able to access such educational material could go a long way towards helping you gain the knowledge and experience which will often be needed in order for you to become a more advanced trader. BitOpps is thus no different as it truly does believe that the process of learning never stops and that traders can always learn something new with each passing day. This kind of mindset is applicable to both new traders as well as seasoned veterans, as the online trading space is constantly evolving.
With that in mind, BitOpps has therefore provided its clients with a highly detailed Education Centre. You can hence find many different educational materials such as eBooks, videos, instructional guides, and more when you sign up with this broker, which is bound to be of great benefit to you. Additionally, you can also participate in various webinars, which are great opportunities to network with like-minded individuals, and you can also take part in one-on-one training sessions with market professionals and industry leaders.
The individual sessions are of particular use to those who are just starting out in the online trading sector as these professionals can thus teach you about all of the ins and outs of this industry in a way that you would have otherwise not been able to learn through a simple text for instance. Finally, do remember to seek the advice of your respective account managers, as these can assist you in terms of developing an effective trading strategy and overall approach to online trading.
Customer support
No matter what kind of asset you may be trading with, be it cryptocurrencies or otherwise, the fact remains that certain unexpected issues are inevitably going to emerge. This is precisely why you need to select a broker that provides an effective and reliable customer support service to its respective clientele. Having such an effective and dependable customer support service is of the utmost importance as, through the help of a reliable team, all of the traders’ respective problems and issues can be solved in a timely manner.
The last thing that you would want to have to deal with while trading online is to encounter a problem that could potentially cripple your entire experience, such as not being able to log into your account or access your funds, for example. With that being said, BitOpps has provided one of the best customer support services that we have ever seen in this industry. The customer support team is highly trained as well as fully capable of helping you out no matter what kind of problem you may encounter while trading online.
The team consists of market professionals who have had plenty of experience regarding a wide variety of various problems in this industry. The response times are great, and getting in touch with the customer support team is relatively quite straightforward too. You can send out an email, or alternatively, you can make a direct call. Finally, you have the additional option of filling out an online contact form which can be found on the company’s official website.
If you choose to fill out the abovementioned form, then you will be asked to fill in your first and last names, a working phone number along with an email address the country that you will be living in at the time, the topic that would be most relevant to the specific problem that you are facing, and lastly a brief description of what the problem is and how the customer support team can go about helping you. Please note that the official department operating hours are from 7 am to 2 pm U.K time.
Trading Platform
All of the aforementioned points about any given brokerage or company would ultimately be irrelevant if you are not provided with an effective trading platform as well. A trading platform could be defined as the interface through which you would conduct your online trading activities, and as such, you would hence need to be provided with an effective trading platform that would make the entire process of trading online both smoother as well as more seamless.
BitOpps has therefore provided a modern, crisp as well as highly robust trading platform that is fully dedicated to helping the broker’s clients become increasingly involved with cryptocurrency trading. When you sign up with BitOpps, you will quickly discover that all of the different functions and features can be found with relative ease and that understanding how the platform works will not take long at all. Moreover, it is possible to access the trading platform from virtually any device that has a stable Internet connection.
Furthermore, in order to provide even more accessibility, the trading platform is also compatible with both Android as well as iOS-based devices. Finally, you can either trade on the go from essentially anywhere in the world, or you can access the platform from the comfort of your own home. No matter where you access the trading platform, though, you can be sure that everything will work well and that you will rarely face any problems.
Registration
You have now made it to the final aspect, which will be talked about in detail about this broker, and that is how to actually sign up with BitOpps. All you need to do in order to successfully register with this broker is to go to the aforementioned website and click on the ‘Register button, which can be found on the top right corner of your screen. This button will be on the top right corner of your screen regardless of which device you may be used to access the website.
Keep in mind that you can also access the broker’s services and website in both English as well as German. When you click on the ‘Register’ button, you will be presented with an online form that must be filled out. Here, you must enter your full name, a working email address, and phone number, along with the currency with which you would like to open an account. Right now, the only currencies through which you can make an account are EUR, USD, and GBP. While some may find this a bit limiting, these are still popular currencies.
Keep in mind that you will also have to set a strong password before you can fully register yourself. It is thus strongly recommended that you use alphanumeric characters as these are known to help strengthen your password and make it more difficult for anyone else to access it. Also, be sure to note down your password and keep it somewhere safe just in case you may forget it (this happens more often than you might think, and so it is always better to be safe than sorry).
Finally, after you have filled out the form, there is the final requirement of having read, understood, and accepted the company’s respective terms and conditions. You should therefore take your time to read through these terms and conditions in as much detail as possible. This must be done so that you are perfectly aware of everything that the broker stands for and what its policies are before you actually sign up with BitOpps. Once you have done so, you can click on the ‘Register Now’ button.
Around this time, the broker will then process your form and verify the information that you would have provided. Keep in mind that BitOpps reserves the right to request any additional documentation which it might deem necessary for the successful completion of your registration. This could potentially include your utility bills, bank statements, credit card, and debit card bills, and anything else that could help to verify your identity. Once BitOpps has checked everything, you will have successfully registered yourself with the brokerage.
Closing remarks
In conclusion, all of the aforementioned points need to be taken into consideration before you can be comfortable enough to pick any brokerage. However, once you have thoroughly read everything that has been mentioned about BitOpps in this review, it becomes quite easy to see that this broker is one of the best options for getting involved with cryptocurrency trading in the world today.
If you, therefore, have any kind of interest in trading with various cryptocurrencies, be it Bitcoin, Ethereum, Ripple, Cardano, Litecoin, Dogecoin, Shiba Inu, or any other alternative coin, then this broker is for you. All of the different functions work extremely well, and the reliable customer support team is there to help you out if need be. If you have any further questions, we would recommend that you get in touch with the company directly. We hope that you will join numerous other traders worldwide by signing up with BitOpps today.
