Is Crypto risky? Table of Contents

Why Cryptocurrency investment can be risky?

More than 2,000 coins are traded worldwide, and as of March 2021, the total market size exceeded 200 billion USD.

The cryptocurrency market is undoubtedly in the limelight, but it is still not reaching a satisfactory level.

The main reason could be the fact that many investors are still hesitant to jump into the cryptocurrency market.

Of course, it is true that the homework to be solved still remains, but if you choose a good exchange and trade, most of your worries can be resolved naturally.

In this post, we’ll look at the main reasons investors are skeptical about cryptocurrency trading.

Check out all Crypto related articles

1. Cryptocurrency product is complex

There have been a lot of complaints about the complex and unresponsive features and user interfaces offered by most trading platforms.

It is not easy to add a new cryptocurrency to the platforms currently available.

Therefore, the new platform must be able to provide a user-friendly interface not only in terms of scalability but also for smooth operation.

2. Possible lack of liquidity

Liquidity is a very important part of any market.

Lack of liquidity can create an unbalanced trading environment, leading to missing valuable trading opportunities.

High liquidity can be secured if you choose an exchange where many investors trade.

3. Need of professional customer support department

The cryptocurrency market is just beginning to emerge, so you need an experienced customer support department.

Of course, there are many experienced investors, but there are many new investors who are just interested and need an understanding of the overall part of the cryptocurrency market, so the role of the customer support department is important.

Each customer has their own transaction method, and the transaction method varies depending on the region.

Only a global platform that covers most of the time zones can provide investors with tailored local support in the most comfortable language.

Covering most of the time zones means customers have access to customer support 24 hours a day, 7 days a week.

4. Lack of supervision on the whole market

The cryptocurrency domain has been used for money laundering and investment fraud due to the absence of a supervisory body.

Security issues and transaction transparency are two key points that are very important to investors.

To do this, we recommend dealing with exchanges that are supervised by regulatory agencies such as the FCA or the Estonian Financial Intelligence Agency (FIU) or the Gibraltar Financial Services Commission (GFS).

In the case of exchanges operating under the regulations of regulatory agencies, the interests of customers can be protected.

5. Difficulty to exchange between Fiat-currencies and cryptocurrencies

It is true that converting cryptocurrency to fiat is difficult due to large price volatility.

Even major cryptocurrency exchanges limit cryptocurrency purchases with fiat currency.

What investors need most is a platform that enables smooth deposit and withdrawal through partnerships with cryptocurrency-friendly financial institutions.

See the list of Cryptocurrency Trusted Exchanges

Invest in Crypto with a trusted company

IronX is an exchange that is being established with the major issues facing cryptocurrency investors in mind.

This is the result of the collaboration between Emurgo HK, a leader in blockchain technology, and IronFX, a global leader in online trading.

The IronFX Group is licensed and operated by major oversight bodies such as the UK Financial Supervisory Commission, the Australian Securities and Investments Commission, the South African Financial Supervisory Commission, and the CySEC in Cyprus.

The IronX Group has acquired and is in progress DLT licenses in accordance with local regulations in Estonia (accredited), Gibraltar (in progress) and Malta (in progress).

Find out more about IronFX and IronX