CointypeX claims to be a global crypto exchange, where customers can buy, sell, store, and list their various cryptocurrencies. All of the major crypto assets are supported by Coin Type X, including: BTC, ETH, XRP, XMR, LTC, and all of the other ERC-20 tokens.
With the platform, one can trade using any of the 170+ fiat currencies, directly connected to one’s existing bank accounts. This method means that there are apparently no transaction fees for fiat to bank transfers, as well as zero transaction fees for token trading.
Users can get up and going with the CointypeX platform within a matter of minutes: simply login to the platform and create an account to get started.
Benefits Of Trading With CointypeX
Bitcoin has managed to overcome multiple hurdles in its short but lively history. The simple fact that Bitcoin is “alive and kicking” shows its power to endure for almost a decade at a difficult financial environment with competitors like Gold, Silver, established currencies like the US Dollar, and other resources.
Bitcoin is being frequently utilized as a method for payment and much more vendors and shops are accepting Bitcoin. It's also clearly storing value because the market participants take a cost of more than $8,000 per Bitcoin.
Cryptocurrencies Offer A Hedge And Diversification
Have you been stressed about government debt, central bank quantitative easing, and the value of fiat currencies? Bitcoin as well as the cryptocurrency marketplace do offer a way to spread the risk and market one's portfolio.
Bitcoin is becoming more accepted as a payment system and as a storage of value. Shops are offering the ability to create Bitcoin payments and there's an increase in Bitcoin services. The media is also covering Bitcoin in greater detail because the cost grows and the software of the money rises.
Are Banks And Major Players Stepping Into Cryptocurrencies?
It is still too early to tell but could large players like banks and even countries could be covertly be purchasing cryptos and Bitcoin to hedge their assets and reduce their vulnerability on the US Dollar and Euro? It remains possible, yet not certain but you could speculate whether this trend is occurring.
Russia, China, oil exporting nations, and maybe even Australia could maybe be using cryptocurrencies and the mining process to lower their dependence and dependence on the US Dollar.
As one can see from the above list of reasons to start investing and trading with cryptocurrencies, there is a lot of room for growth in the industry, whilst not being completely safe from the inevitable downswings in the market as well.
In short, CoinTypeX is one of the many different platforms available for consumers to use today. A complete breakdown of the company’s charges and the associated benefits can be read on the company’s website, which includes how to get up and running in a matter of minutes.
Consumers should clearly understand the risks of the platform before deciding to trade, store, or list any currencies with CointypeX.