Responding to the market crash, Roobic announces low crypto trading fees for users
The number of users that are flocking to cryptocurrency has been consistently trending up over recent years. Crypto.com, one of the leading news sites for cryptocurrency, has stated that users have hit 1 billion nearing the end of 2021. During the second half of 2021 alone, users of Bitcoin globally increased by 37.5%, demonstrating how cryptocurrency uptake is continuously moving into the green.
With the huge cryptocurrency market crash of January 2022, the uptake of cryptocurrency slowed down slightly. However, this moment of cryptocurrency in the red is actually the perfect moment to sign up and invest. Many platforms have realized this, with major players like Roobic offering lower trading fees in order to entice new users onto their exchange.
Cryptocurrency Market Crash of 2022
Since November 2021, cryptocurrency has seen an awful downtrend. Some currencies that users were predicting to skyrocket have hit all-time lows, and even major currencies like Bitcoin and Ethereum have seen 25-30% losses in mere weeks. The crash of the week of the 25th of January saw over $1 trillion in cryptocurrency wiped out from the market in the blink of an eye.
There is a range of reasons that cryptocurrency is crashing in 2022, from COVID fears to new legislation that bans cryptocurrency in some provinces. While cryptocurrency has been banned in China since 2019, new rules were introduced in late 2021, which made these rules even tighter on the public.
Additionally, Russia’s central bank, Reuters, proposed a similar ban on January 20th 2022, which then saw crypto take a nosedive as investors reacted to the news. The reason that countries like Russia and China have such a significant impact on the cryptocurrency market is that both of these countries are amongst the larger cryptocurrency mining institutions in the world.
Many people also point to cryptocurrency as a terrible factor for environmental damage, with Bitcoin mining alone taking up more energy than the entire country of Finland in 2021. The mix between these environmental reasons, the political potential of further legislative bans, and the ongoing uncertainty about COVID caused this major crash.
What are Crypto Platforms Doing to Inspire Investment in Cryptocurrency?
Over recent months, cryptocurrency platforms have started developing or redoubling their concentration on features that make cryptocurrency attractive to the masses. This focus ensures that more people are able to sign up for their services, helping to get more people investing in crypto to try and negate some large-scale losses.
In fact, it’s repeatedly been shown throughout history that moments of major crashes are absolutely the best time to invest in commodities. If an investor is in it for the long run, then a 30% down day in crypto represents the ability to save up to a year of investing. This is because the price of the cryptocurrency is down to levels of early 2021, meaning that when someone invests at this low price, they are essentially turning back the clock on their investment.
Cryptocurrency is also a notoriously volatile financial medium, with huge losses of 25%+ followed by huge gains being nothing out of the ordinary. But, with these new downturns in the market, crypto platforms are attempting to facilitate the turn to cryptocurrency by offering a range of features that help onboard users.
One of these said platforms, Roobic has recently announced new, lower trading fees that will help to entice users to the platform. This is among a range of other features that the platform offers to help users trade cryptocurrency.
Currently, Roobic has announced:
- Low Trading Fees
- Accessible Platforms
- Advanced Protection
- Quick Buy
Let’s break down how these features are helping users sign up to the platform and trade cryptocurrency.
Low Trading Fees
One of the easiest ways to entice new uses to a cryptocurrency platform is offering low trading fees. Roobic.io has taken this idea and run with it, offering incredibly competitive rates that allow their users to trade for much less than more popular exchange platforms.
For example, users will be able to deposit and withdraw funds into their wallets completely for free. This recent change has represented a significant development, allowing users to get started with cryptocurrency without having to pay to deposit USD or any other currency into their account.
Additionally, when buying cryptocurrency, Roobic offers low fees. There is only a 0.45% fee for blockchain transfers, which is lower than the majority of other exchanges. Additionally, this platform only charges users a 2.99% currency conversion fee percentage, helping them to make the most out of the money they deposit to the platform.
With low trading fees, more users will be inspired to invest in cryptocurrency, helping to onboard even more people into this financial medium while the prices are so low.
Accessible Platforms
Accessibility to crypto exchanges was once a very limited aspect. Most crypto platforms could only be accessed through the internet by directly navigating to their website. However, in recent years, crypto platforms like Roobic have developed a more comprehensive link between different platforms.
Instead of having to access the exchange through their website, the development of applications that can be launched on mobile, desktop, laptop, or tablet suddenly revolutionized the accessibility of cryptocurrency.
Instead of having to access these sites through a very particular avenue, you’ll now be able to load up the application on your mobile or access it directly through a tablet. With the flexibility of covering more devices, this automatically allows more people to get onto the platforms. In turn, this boosts the potential for users to trade in cryptocurrencies as they’re more likely to own a compatible device.
Additionally, as more people are able to sign up for these platforms, more users will then invest, which will help turn the tide in the crypto downturn.
Advanced Protection
Part of what makes Roobic a solid platform, especially for those that are new to cryptocurrency, is the advanced level of security that it offers. Any users that are worried about the possibility of their account being hacked can rest easy due to the development of these features. While major crypto exchanges have seen hacks where millions of USD have been liberated from the platform, Roobic still has not had a hack to date.
Roobic integrates an additional layer of digital security on all user wallets. This will protect private keys from viruses, phishing attempts, and malware scams. All of these protective elements are built into the platform, ensuring that users receive the very best security without needing to lift a finger.
The protection of digital keys and private access keys ensures that only users can access their own wallets, reducing the potential access that a hacker or scammer could have when targeting the platform.
Especially in cryptocurrency, a medium that has seen a range of scams and hacks over recent years, the development of advanced security features is a key sales point for new users.
Quick Buy
With the huge fluctuations that the cryptocurrency market sees, one of the primary goals for investors is the ability to quickly invest their money into cryptocurrency. With huge swings only minutes apart, investors need the ability to trade instantly, getting locked into the price that they see live on the application.
Roobic is offering a Quick Buy function, which allows users to instantly trade cryptocurrency. You’ll be able to click on a currency and then click on the cryptocurrency you want to receive. By entering the amount of money yo u want to trade, you’ll then see how much of the cryptocurrency you’ll receive at that moment. This is continually updated to reflect the moving market rates.
You’ll be able to send your cryptocurrency directly to your Roobic account wallet or to another platform. No matter if you’re already a user of this specific platform, or you prefer another major exchange, you’ll be able to buy here on Roobic and then instantly get your funds in whichever wallet you prefer.
This instant trading feature allows users to trade rapidly on the platform, ensuring they get cryptocurrency directly at the prices that they want and further inspiring traders.
Final Thoughts on Cryptocurrency Onboarding
As platforms like Roobic offer a range of different features that make the process of onboarding and trading cryptocurrency as easy as possible, the number of users that are able to sign up and then trade is continually increasing.
Especially during a time of significant lows within the cryptocurrency market, the investment and development of these features make the uptake into crypto easier than ever. With this, more and more people will begin their crypto investing journeys, helping the whole world to get into this wonderful financial medium.
