CryptoPayin Review – Everything to Know about this Exchange

CryptoPayin Review

Are you looking for a cryptocurrency exchange? CryptoPayin is one of the names you will find when you are searching for a reliable crypto platform, but you need to know everything possible about it before signing up. You can read this CryptoPayin review to do so. 

When Bitcoin was first introduced by Satoshi Nakamoto in 2009, it had received a rather lukewarm response. The number of cryptocurrency critics were higher because of its decentralized nature and lack of regulation. In its initial days, the pioneer cryptocurrency was regarded as a handy tool for criminals and was used in shady activities that further contributed to its bad reputation. Regardless, this didn’t stop innovation in the crypto industry and a number of these virtual currencies were introduced over the years. But, things really changed for the market in 2017 when Bitcoin reached its first all-time high of $20,000. 

That’s when most of the world took notice and thousands of people were able to make fortunes within a matter of days and weeks. Today, cryptocurrencies have become a force to be reckoned with and are regarded as one of the most valuable assets in the world. Throughout 2020, despite the global coronavirus pandemic, the cryptocurrency market continued to rise and Bitcoin surpassed its previous all-time high. It has continued its journey upwards in 2021 and many have been able to make fortunes because of it. 

Of course, it is not just Bitcoin that has experienced growth, as the entire cryptocurrency market has seen the same. Many people who had initially criticized Bitcoin and other cryptocurrencies have now changed camps and have become avid crypto enthusiasts. There is no doubt that you can make a lot of money in the market and many people are doing so. In the last year alone, there has been a massive influx of traders and investors in the crypto space, which includes both retail and institutional investors. Cryptocurrency has become a giant industry today and not just a means of payment.

If you are also interested in buying and selling cryptocurrencies in order to profit from them, you will require a cryptocurrency exchange. Over the years, a number of these exchanges have been established to facilitate the buying and selling of various digital currencies. This number has continued to increase for coping up with the high demand and you will not find yourself short of options. Nevertheless, this doesn’t mean that every crypto exchange overs the same level and quality of services. No two exchanges are created equal and can be distinguished by their features and offerings.

In their eagerness, many people just dive in and don’t research their choices properly. They sign up with the first cryptocurrency exchange that seems reasonable to them, but this can be a big mistake. Nine times out of ten, they will find themselves looking for another crypto exchange soon enough for one reason or the other. You need to remember that the cryptocurrency market has had more than its fair share of scams and frauds. Its unregulated nature has provided the perfect opportunity cybercriminals need and they have exploited it to the maximum. 

Hence, there are a number of scam exchanges and platforms that are only interested in stealing your digital assets, money, or your confidential data. Even if they are not a scam, they can still be shady and not have proper security or offer you the liquidity you need to buy and sell cryptocurrencies safely and quickly. Before you trust any platform with your hard-earned money and your information, you need to know everything possible about them. You need to do the same with CryptoPayin and that’s what this review is for. Let’s get started:

Introduction to CryptoPayin

One of the relatively new cryptocurrency exchanges, CryptoPayin was launched in 2018 by Navasu OU. The company is based in Tallinn, Estonia and has its office located there as well. They are currently providing crypto exchange services in more than 34 countries around the world. Up until now, the platform’s currency exchange record is in excess of $15 million and its 24-hour volume record is 750,000. It has developed a strong reputation fairly quickly for a cryptocurrency exchange, due to which it draws a great deal of attention. How has it managed to do so? You can find out below.

Security Features at CryptoPayin

One of the biggest concerns that people have regarding cryptocurrencies is security. It is quite well-known that these digital currencies are decentralized and there is absolutely no authority regulating the market. Then you add the risks of buying and selling them online on top of it and it can be a major concern. After all, everyone is aware that the internet is not exactly safe. Even before cryptocurrencies, there had been plenty of scams, frauds, hacks and other kinds of cyberattacks. Many people have been victims of cyber breaches of one kind or another.

But, the risk is increased tenfold where cryptocurrencies are concerned because if you lose your digital assets, there is no getting them back because their transactions are irreversible. Likewise, when you sign up on a cryptocurrency exchange, you have to share your personal information with them and if it is compromised, you could be a victim of identity theft and have your data misused. No one wants to have to deal with any such consequences, which means your goal is to find a cryptocurrency exchange that can protect you from such risks. 

Therefore, you need to know what security features are used by CryptoPayin before you make any decision about it. To start with, this crypto exchange is properly registered in Estonia and you can find its registration number of the website that can be used for verification purposes. The fact that it is registered adds a layer of security because it means the company will certainly not disappear overnight with your money and offers transparent and fair services to its clients. 

The regulated nature of CryptoPayin also means that it is compliant with the international AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies. These are used by all legitimate crypto exchanges and other trading platforms that operate over the internet. This is due to the fact that it prevents the risk of fake accounts and can also minimize the chances of terrorist financing, money laundering, financial fraud and identity theft happening. How is that? As per these policies, anyone signing up on the exchange needs to provide proof of their identity and residence.

This is done by submitting some documents that confirm who you are and where you live, which is not something most cybercriminals will bother with. In order to use CryptoPayin’s services, you will have to submit a government-issued form of ID, such as an international password, a driver’s license or a national ID card. To confirm your residence, you have to provide a recent utility bill, such as gas, water or electricity, a bank statement or a credit card bill. These should be recent and not expired for them to be considered valid. The exchange will verify these documents before allowing you to conduct any transactions.

Now that you have shared such personal and confidential information with CryptoPayin, it is a given that you would be concerned about the information’s safety and security. This is where you will find that they use the latest SSL (Secure Socket Layer) encryption technology for protecting all data they accumulate. Thus, even if their system is compromised, the hackers will not be able to access the information. You will also find that they have a Privacy Policy that reiterates that all your information is safe and not shared with anyone without your consent. 

When it comes to the security of your funds, account segregation rules have been followed by CryptoPayin to keep them safe. This means that all your money is kept in separate accounts and not added to the company’s coffers. They are only used for buying and selling cryptocurrencies and there will be no misappropriation, whatsoever. 

Cryptocurrencies at CryptoPayin 

The whole point of signing up on a cryptocurrency exchange is to buy and sell cryptocurrencies. As stated above, Bitcoin is the first cryptocurrency, but it is no longer the only cryptocurrency that exists. There are more than five thousand options that can be found in the market and it is up to you to decide which ones you want to buy and sell. Of course, you are free to invest in more than one cryptocurrency as well, but to be able to that you will require access to more options. The cryptocurrencies that are available at the exchanges vary. 

Some exchanges do specialize in a specific cryptocurrency, some have limited choices, while others offer more variety. Most people don’t want to stick to one option nowadays because they prefer to minimize their risks via diversification. The crypto market is highly volatile and unpredictable, so it is better to spread out your investment, rather than putting all your eggs in one basket. However, you will have to find an exchange that can help you in doing so and this is easier said than done. Many crypto exchanges claim to offer you variety, but don’t really deliver. 

It is not practical to sign up on multiple exchanges to be able to invest in different cryptocurrencies, as it can become difficult to keep track of your investments. You would prefer to find the choices you want in one place and this is where CryptoPayin can be the right exchange for you. Unlike other exchanges in the market, they have not made any false claims about their crypto offerings. They support a total of 15 different cryptocurrencies, which gives their users plenty of room to diversify their investment.

They have chosen to add some of the most popular and profitable cryptocurrencies in the market in order to allow their clients to maximize their returns. You will find that CryptoPayin gives you options like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, DASH, Monero and more that you can buy and sell. They are also continuing to add more options to their offerings for the convenience of their clients, so you will have room to expand your investment portfolio as per your wish. 

Trading Platform at CryptoPayin 

How do you buy and sell cryptocurrencies on an exchange? This is where their trading platform comes in, which refers to the software that’s provided for keeping up with the cryptocurrency market in real time and allows you to place your orders. The trading platform provided by every exchange is different, due to which your experience with them can vary. The performance of the trading platform plays a major role in your overall experience with the exchange and as it is the feature you will use the most, you shouldn’t make your decision without taking a look at it.

If the platform doesn’t have the appropriate features, hangs frequently, is slow or just outdated, you will find it difficult to place your buy and sell orders. You definitely don’t want to find yourself in such a situation because the cryptocurrency market moves quickly and prices may change within seconds, so you will lose opportunities to make money. Hence, checking the platform beforehand can save you a great deal of trouble and loss in the long run. The platform at CryptoPayin will not cause you any such issues and you will realize this when you give it a close look.

First off, you will notice that their trading platform boasts a highly intuitive interface, which makes it easy to navigate for everyone and you don’t need to worry about a learning curve. Advanced technology has been used by CryptoPayin for developing their trading platform, but they have kept the interface simple enough to make it easy for everyone to use it. Whether you are a complete novice, or someone with experience, you will have no trouble in figuring out how to use the platform. The technology they have used is capable of keeping up with the quickly moving cryptocurrency market, so you will be able to see everything in real-time.

In order to cater to their clients, some of the top trading tools have also been added by CryptoPayin to their platform and they certainly come in handy. Users will find a range of charts and graphs available, which can help them in predicting market movements and making well-informed decisions that can result in a high return on investment (ROI). One of the most impressive additions that you will see is the crypto price converter, which is a very unique tool. It is designed to convert the price of any cryptocurrency into your chosen fiat currency to give you an idea of how much you have to pay in case you are buying, or will receive if you are selling.

Most of the other cryptocurrency exchanges have a rather messy interface that doesn’t provide you concise information. They make you work for it and you have to put in a lot of effort, but you can avoid all of this with CryptoPayin because of the tools they have added. In addition, they are also focused on making the crypto investing experience easy and convenient for their clients, so they have kept up with all modern trends. They are well-aware that many people don’t want to be restricted to just one device these days and prefer to be able to trade from anywhere. 

In today’s advanced and digital world, this shouldn’t be a problem and to ensure their clients get their wish, mobile apps have been developed by CryptoPayin for iOS and Android ecosystems. These applications are optimized to deliver a flawless experience and you don’t have to make any compromises in terms of features and tools, just because you are using a mobile device. This provides a great deal of flexibility to users because it means that they can keep up with the market from anywhere. No matter where you are, you can log into your account and place orders, thereby never missing any opportunity to make profits.

Registration Process at CryptoPayin 

One of the most daunting procedures for most people entering the cryptocurrency market is the registration process they are required to complete when they sign up on an exchange. You can find some truly crazy stories about platforms that demand people to sign contracts, wait for days to get their application approved, or ask them to complete a huge amount of paperwork. There are some bizarre requirements that have to be fulfilled and this is something everyone wants to avoid. Moreover, if the process is too time consuming, you can miss out on numerous opportunities in the market because it moves too quickly.

You certainly don’t want that to happen and in this scenario, you will find CryptoPayin to be extremely appealing because their registration process is very straightforward and not time consuming at all. They don’t ask for detailed information that can send up a red flag because you don’t want to trust anyone with such private data. They don’t have an approval process, so they don’t keep you waiting and neither do they make you sign a contract. Plus, they don’t have any crazy conditions, or require you to complete complex steps to register yourself. 

What exactly do you need to do? You have to visit the CryptoPayin website and on the top right, you will find the option of ‘Join Now’. As soon as you click that, it will lead you to a form that you have to fill out. The form is very short, as it only asks for your email address and password, which will be used for account login later on, and a mobile phone number. This should be a real number because it will be used for authentication purposes. You have to agree to the Terms & Conditions of the exchange, which can be found on the CryptoPayin website. Click on Accept and you are all done. There are no other requirements for you to fulfill and you can start buying and selling cryptocurrencies. 

Customer Support at CryptoPayin 

One of the most vital features of any online platform, business or service is their customer support. At one point or another, you are going to have questions about their offerings, services or procedures and you will need assistance. You could also encounter a technical issue that you need help with. When it comes to cryptocurrency buying and selling, there could be hundreds of questions people may have, especially if they are new to the entire process. No two exchanges have the same procedures or formats, so there will be some confusion. 

No matter what the situation, people don’t want to wait to get a response and in some scenarios, they simply cannot afford to do so. The cryptocurrency market moves quickly and waiting can cause people to miss opportunities or increase their losses. They need assistance right away and CryptoPayin has ensured that its clients can get what they need. They have added top-notch customer support to their platform to make it easy for their users to get help when they want. All you have to do is visit the Contact Us section on their website to find the details.

You will find multiple options available, such as an email address as well as phone numbers that can be used for reaching out to their team 24/5. They are very responsive and will do their best to resolve your problem as quickly as possible.

Conclusion 

 Once you know everything essential about CryptoPayin, you can sign up with them to start reaping the benefits of crypto trading.