Currency.com Review: Pros, Cons, And Alternatives

When shopping around for cryptocurrency, there are many platforms out there. In your research, you may have heard of Currency.com, a cryptocurrency platform that helps you buy cryptos online safely and instantly.

This Currency.com review will cover how it compares to other crypto platforms and whether it offers a streamlined place to monitor and purchase a diverse selection of assets without extensive fees. After all, you want to build your crypto portfolio without having to fork over fees that may eat into your profits.

What Is Currency.com?

Currency.com is an award-winning platform founded by Viktor Prokopenya. 

According to the corporate website, “The team is driven by a vision to democratize investment, taking it from the preserve of a privileged few in first-world states and making it available across the globe. We believe successful investors contribute significantly to society—leading to a more secure and stable world.”

In 2022, Currency.com won the ADVFN International Financial Awards for:

• Best Crypto Exchange CIS
• Best Website for Cryptocurrency Data
• Best Crypto Exchange MENA

What Does It Offer?

Curious about Currency.com? Here’s what you can expect when using the platform. 

Extensive Selection Of Assets

When you sign up with Currency.com, you can choose to purchase an extensive number of assets. The platform has over 2,000 tokenized assets to choose from. 

Some of these assets are popular cryptocurrencies like Bitcoin and Ethereum. But some of the other tokenized assets are pegged to underlying market prices of traditional asset classes. For example, you can buy tokenized assets connected to companies like Microsoft, indices like the S&P 500, or commodities, like oil. With such a large number of assets to choose from, you can build a portfolio that aligns with your goals. 

But for U.S.-based investors, the asset options might be a bit more limited. Through the U.S. site, it looks like investors are only able to purchase Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and U.S. dollars. However, it’s likely this list will continue to expand in the future. 

Trustworthy Rule Follower

Currency.com is known for following the rules of compliance around the world. As an investor, this knowledge should bring you incredible peace of mind. In an industry fraught with scams, it’s nice to know that Currency.com is following all of the rules and regulations. 

Available In The U.S. 

Until recently, Currency.com wasn’t available in the U.S. at all. But that’s changed with a new US-based subsidiary called Crypto Wallet US.

Now, U.S. residents from several states can purchase assets through Currency.com. As of now, residents of the following states can use the platform: 

Are There Any Fees?

When buying assets through Currency.com, there are a few fees to consider. 

• First, you’ll encounter a deposit fee. If making a deposit via Visa or Mastercard, there’s a 3.5% fee. 
• If you are making a deposit through a bank transfer, expect a fee of 1.5% + $0.50. 
• If you are making an exchange of currencies, then expect a 5% fee. 

How Does Currency.com Compare?

Currency.com is certainly not the only place to buy and sell cryptocurrency assets. But it’s one great option.

One big limitation of the Currency.com U.S. platform is its limited availability. Investors in many states simply don’t have access to this platform. If you are looking for a platform available in more states, then check out Coinbase. 

How Do I Open An Account?

If you want to work with Currency.com, here’s what you’ll need to do. 

• Enter your zip code. Start the process by confirming that Currency.com is available in your state. 
• Create a password. At this point, you’ll enter your email and add a password. 
• Agree to the rules. Currency.com will require your consent to the Terms of use and Privacy Policy. 
• Confirm your email and phone number. You must confirm your contact details through a confirmation message. 
• Verify your identity. You’ll need to provide documentation such as a passport or ID with your full legal name, date of birth, document number, expiration date, and date of issue. Additionally, you’ll need to provide proof of your address through a bank statement or lease agreement. 
• Submit to a live test. Currency.com will need to see you through a device with a camera. 

If your identity checks out, then you’ll be cleared to start using your new Currency.com account. 

Is It Safe And Secure?

Currency.com takes security very seriously. The platform is a regulated financial institution that maintains industry-standard security. According to the company, an independent auditor assesses the site’s security. If any weak points are identified, they are quickly resolved. 

The extensive verification steps also create a measure of security. You’ll know that everyone on the site is a real person with a proven identity. 

How Do I Contact Currency.com?

If you need to get in contact with Currency.com, you can reach out to a Support Team via email 24/7. With an excellent Trustpilot rating of 4.3 out of 5 stars, you should expect a stellar experience. 

Is It Worth It?

Currency.com is a step above most of the competition on a global scale. But the relatively new U.S. operations are still gearing up. As of now, the limited availability across the U.S. is a dealbreaker for many investors. Plus, the limited functionality of the U.S. platform pales in comparison to its global counterpart. 

However, it’s likely that Currency.com will continue to build and expand its U.S. operations. As more site start to look more similar to the global platform, it will become a more enticing option for U.S.-based cryptocurrency investors. 

Currency.com Features