When it comes to trading stocks and even cryptocurrencies, the saying “time is money” isn’t just a catchphrase traders throw around. With a market as unpredictable as cryptocurrency, being able to make transactions in a matter of minutes could literally be the difference between making a profit or a loss.
But with a platform like Coinhako, making faster transactions means you won’t be losing out on buying at a bargain or selling at a profit when making a trade. Here’s how it works:
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There are two kinds of people who trade cryptocurrencies. There’s the trader that watches the market like a hawk, so that he can make multiple transactions a day to build profit. Then there’s the ‘HODL-er’ (hold on for dear life) who prefers to passively hold onto cryptocurrencies they believe in, sometimes even for months or years.
Regardless of which one you identify with, being able to trade when you want to is ideal. Coinhako offers that convenience with its simple-to-use platform and easy on- and off-ramping. Simply put, you can use fiat currencies like the Singapore Dollar and cryptocurrency almost interchangeably on one platform.
At this crypto platform, users can use FAST (Fast And Secure Transfers) to make almost instant SGD deposits and same-day withdrawals. If that sounds familiar, it’s because FAST is what most of us use to make immediate transfers between banks in Singapore.
How FAST works:
This is a huge jump in saving time and money with the platform’s wallet. Previously, traders would have to ensure deposits into the Coinhako wallet were done early in the day to make the 10AM and 4PM timelines daily.
And just because the on- and off-ramping is speedier now, it doesn’t mean there’ll be any increase in fees for current users. Deposits in SGD remain free for users.
As the only platform that is able to support Singapore dollar deposits and withdrawals instantly, Coinhako users can start trading right this instant.
The beginner-friendly platform also has other perks for those looking to start dabbling in cryptocurrency. For instance, Coinhako offers more than 50 digital currencies available for trading from SGD so you don’t have to be limited to just popular ones like Bitcoin and Ethereum.
To get started on cryptocurrency with Coinhako, here’s how you can save even more on your first three trades. Use <TSLNEW> to get 50% off trading fees with your SGD wallet.
This post was brought to you by Coinhako.
Disclaimer: This article is meant for information only and should not be relied upon as financial advice. Before making any decision to buy, sell or hold any investment or insurance product, you should seek advice from a financial adviser regarding its suitability.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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