What is Safe Currency? How well is it doing in the current market? Does it stand a chance against its competitors? What can you gain from it anyway? These are just but some of the main highlights about Safe Currency that we shall be addressing in today’s review.
Name of the platform: Safe Currency
Official Website URL: https://safecurrency.com/
Overall Rating: (3.7 / 5)
Recommended: Yes ( For those who do not mind the fees charged and the number of tokens that are being offered )
Table of content
With a clear understanding of the purpose that Safe Currency is here to accomplish, you can make a decision about whether you will start using it right away, or you will tell anyone who tries to use it to keep off. Lined up below are elements about Safe Currency that will form fodder for the entire review:
- What is Safe Currency?
- How does Safe Currency exchange work?
- What are the verification levels (and the documents required for each level)?
- Which currencies does Safe Currency Support?
- What are the fees charged for the exchanges?
- Is Safe Currency genuine or is It a Scam?
- Pros and Cons
- Final words and verdict
What is Safe Currency?
Safe Currency is a fast and convenient crypto exchange. This exchange is relatively new to most users, having been launched in 2018. It has, despite this, managed to open its arms to customers in more than 45 countries. Considering the very sensitive nature of the jurisdictions that define the existence of crypto exchanges in various economic zones, I think Safe Currency has done a great job of penetrating the market.
So far, this platform has more than 140,000 users, who rely on it to carry out crypto exchanges at will. As of now, Safe Currency is gaining customers at an impressive rate. The mass adoption of cryptos is a current global trend that I believe will support the growth of the customer base of this crypto exchange platform in this decade. Given enough time, I believe the numbers will tell us the truth about how willing people are to utilize this crypto exchange.
How does Safe Currency exchange work?
Safe Currency’s objective is to simplify the exchange process. One can tell by the outlook of its official website, which customers are supposed to visit in order to create their personal accounts. Everything is quite simplified, to the extent that you can find what you are looking for without struggling as much. Even those who have never used a crypto exchange platform can, within a short period learn their way around Safe Currency. For the exchange process, here are the steps one is supposed to follow:
- Select the currency and method of payment
With Safe Currency, all you need to do as a first-time visitor to their website is to choose the currency you want to exchange, and the payment method you will be relying on. As of now, this platform accepts VISA, MasterCard, and SEPA.
- Pass the Account Verification
Safe Currency requires that you upload your identification documents (your passport or driver’s license). This is not a new thing in the crypto industry, in the way new users are required to verify their identity before they can do any transaction. Such is a move aimed at minimizing the rate of fraudulent activities.
- Receive cryptocurrency
Upon passing the account verification, you can then expect to receive the cryptos as you specified at the start of the exchange process.
What are the verification levels (and the documents required for each level)?
Currently, SafeCurrency has 2 verification levels, namely: Level 1 and Level 2. Here is what you should expect with each verification level :
With this level, you are expected to provide personal details such as:
- Your name & surname
- Date of Birth
- A photo of your driver’s license/ passport. Note that you will be required to upload the two sides of your identification documents.
You are also required to verify your phone number and email address. Once you complete level 1 verification successfully, you can proceed to do the crypto exchange, but there is a limit of 14999 euros.
It is essential to provide extra verification information that makes it even easier for the support staff at Safe Currency to trust you. By providing information about your sources of income for the last 3 months ( prior to placing the order), you can get Safe Currency to trust you. This level also requires that you undergo video verification. If you successfully complete this level of verification, there will be no limit to the exchange transaction amounts.
Safe Currency makes it clear that it is entitled to make additional information requests at any time, as per the details specified in the user agreement.
Which currencies does Safe Currency Support?
As already highlighted, Safe Currency is still new in the industry and is still gaining ground in other nations. In the countries that it supports, the following currencies are accepted:
You can use the above currencies to pay for your cryptos at will. Below are the cryptos that Safe Currency offers to its users:
What are the fees charged for the exchanges?
Safe Currency charges a service fee of 10% of the amount being transacted, plus an additional 3 USD if one is doing their payment via credit card. If one is paying for their cryptos via SEPA bank transfer, they are bound to incur a 4% service fee + 3 USD.
When you are placing an exchange order, you will view the total amount that you will receive (taking into account the service fee).
Is Safe Currency genuine or is It a Scam?
In my own opinion, I think Safe Currency is 100% genuine. It complies with the PCI security standards. The company that owns this platform is registered in the UK, and it meets all the 5MLD AML/CFT standards. The company’s offices are at 20-22 Wenlock Road, London, England.
There are active users who have already given their views about SafeCurrency. On Trustpilot, for instance, there are more than 125 reviews, for which the average user rating is (3.7/5) stars. Safe Currency has responded to more than 60% of the negative reviews, to means that it takes customer’s matters very seriously. The response time is also quite short, which is quite impressive since most platforms in this industry are already struggling with this aspect.
Pros and Cons
As you already hopefully know, it is wise to compare the positives against the negatives of something against each other to get a better overall view of something, right? As always we provide you (below) with some clear points on both sides of the spectrum:
- Excellent customer service
- Available in 45 countries
- Few cryptos are offered
- Fees are relatively high
Final Words and Verdict
Overall Rating: (3.7 / 5)
Safe Currency is a genuine platform that is out to serve its customers by letting them exchange cryptos very quickly and efficiently. I think it is one that I can recommend for those living in the countries that the exchange platform is allowed, provided they do not mind parting with higher fees and charges. For those who are serious about owning and exchanging cryptos, however, I think my recommended alternative would do a better job. Have a look at it and be the judge of that.
That will be all for my review about what Safe Currency is. Be sure to leave a comment about what you think about this crypto exchange. If you think it is not one that will serve your needs well, then you can have a look at my personal best crypto exchange platform.
Blogger, Bitcoin Investor, and team member on Start Make Stop Waste!