In the ever-growing world of crypto, you need to find a domain that you can trust as well as an exchange platform that will provide you with safe and easy transaction services. If this is what you are looking for, then you stumbled in the right place!
At BTC Post, we will introduce you to one of the most sought after crypto domains in the industry, Bitcoin.com, as well as their exchange platform that will make crypto transactions easy and accessible for you. Know more about Bitcoin.com now through the information listed below.
What is Bitcoin.com?
Bitcoin.com is an exchange platform registered in Saint Kitts and Nevis and founded by Emil Oldenburg and Shaun Chong in 2008. This means that it is as old as Bitcoin itself. As a Bitcoin-related web portal, Bitcoin.com provides users with services like selling and purchasing cryptocurrencies as well as offering e-wallets that will secure your tokens.
It is also an excellent source of information for crypto enthusiasts who enjoy reading articles and news about cryptocurrencies. Here, you will find useful articles about trading, new coins and the rising stars of the crypto world to expound your knowledge in crypto. The latesttest news on the crypto market is also available to keep you informed about the crypto industry.
Why should you use Bitcoin.com?
Not all exchange platforms are made equal. Bitcoin.com stands out with its fresh ideas and user-friendly applications that make crypto transactions easy and accessible for its users. Check out what else makes Bitcoin.com noteworthy among other platforms below:
Bitcoin.com takes security seriously, providing you with the assurance that your investments will not be tampered with. According to the official website of Bitcoin.com, their exchange platform uses a two-way authentication that adds a layer of security to your account. What this does is require you to verify your identity using a random six-digit code that will be sent to your phone every time you log in. This way, you can assure that only you can access your account.
Another layer of security provided by Bitcoin.com is called the IP whitelisting wherein the platform only grants network access to specific IP addresses. For this to work, you need to manually register your IP address to the platform.
As the last form of security, Bitcoin.com makes sure that your wallet isn’t connected to the internet to protect it from unauthorized access by cybercriminals.
Bitcoin.com understands that every transaction needs to be quick since every second counts when it comes to the volatility of Bitcoin and other cryptocurrencies. To provide you with a near-instant transaction speed, it developed a fast matching engine that lets you trade effortlessly using any of the available trading pairs in the market.
Support comes in handy, especially if you are a beginner who doesn’t know what to do with your account yet nor has any knowledge of the crypto exchange. Fortunately, Bitcoin.com has a dedicated support team that is available 24/7 so you can reach out to them whenever you need. To cater to their global user base, the support team is trained in the following five languages so they can assist you in the best way possible:
Easy to use
The accessibility of Bitcoin.com is part of what draws users to it. Its application process is straightforward and beginners won’t have any problems handling the app and their accounts. Everything you need to know is laid out on the front page of the app so you won’t have to dig too deep to find the information that you need for your exchange.
Software-based crypto wallet
As a software-based wallet, you need to download the Bitcoin.com application first before you can access their services. What makes this better from online wallets is that it has dedicated software that can be accessed even without connecting to the web. This keeps your account secured since app-based wallets like Bitcoin.com are harder to hack than browser-based wallets. To make it even better, Bitcoin.com is available in all notable operating systems including iOS, Android, Mac, Windows and Linux.
Bitcoin.com might be a predominantly crypto exchange platform, but they still accept fiat in exchange for cryptocurrencies to make it easier for you to purchase the token you want. This is helpful for beginners who don’t have any cryptocurrency to exchange yet. You can connect your credit card to the application and purchase crypto with your money, making the purchasing process easier.
Bitcoin.com trading fees
One of the most important aspects of crypto exchange sites is their required fees to process an exchange. In Bitcoin.com’s case, it uses a straightforward fee system with flat rates for both makers and takers. The former places orders that don’t fill immediately while the latter are those who place orders that get taken as soon as they’re placed.
The fee looks something like this:
- Takers are charged a 0.2% fee per transaction
- Makers are charged a 0.15% fee per transaction
How to install Bitcoin.com on your device
Now that you’ve seen the merit of using Bitcoin.com for your crypto transactions, it is time to download the app and mark the beginning of your trading journey! Here’s how you can install and create your Bitcoin.com account. Follow the step by step process below:
Step 1: Use your device to download and install the Bitcoin.com application from the app store of your choice.
Step 2: Once you’ve downloaded the app, complete the process by opening the Bitcoin.com application where you will immediately be redirected to the home screen.
Step 3: From the home screen, find the wallet that you want to use. It will ask you to back up your information to keep your data secured. Perform the necessary steps for the backup and you will receive a 12-word recovery phrase. Write it down and keep it in a safe place that you won’t forget about since it is the only way that you can recover your funds if you forget your information. Once you are done, you are now free to trade!
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