Should Traders Rely on Coinrise to Enhance their Crypto Portfolio?

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The crypto trading world is presently facing several turbulences, due to the spread of the new Omicron variant. As per reports, the world’s most popular cryptocurrency, Bitcoin, entered the bear market by declining 0.15% to $49,031.52 on 6th December.

With the stock market plummeting greatly, shooing away investors to the safety of Wall Street, Bitcoin dropped further over 30% from its all-time high record set earlier in November.

Considering such distressing situations, several crypto brokers have enhanced their offerings to retain their existing clients and attract some more.

One such broker is Coinrise, which claims to offer everything an amateur trader would need to step into the dynamic trading world and flourish amidst the lingering of the Omicron variant in the background.

Let’s see if the assertions made by Coinrise are valid in this review section today.

About the brand

Coinrise is a Canadian crypto trading platform that has garnered a significant experience of 15 years in the crypto world. The broker offers customizable solutions along with advanced chartings and multiple indicators.

Novice traders should also check out their exquisite trading platform. In addition, the brand provides a broad array of account types and multilingual customer support to guide and assist traders of all experience levels.

Source: https://www.coinrise.ca/about-us/

Trading platform

The crypto broker offers a simple yet intuitive web-based trading platform, user-friendly for beginners and seasoned traders alike. The platform provides real-time market updates, news, and customized notifications to help traders stay on top of their assets as desired.

In addition, clients are also offered in-depth analysis tools, advanced chartings, and technical and fundamental indicators for making up-to-date trading decisions.

Account types

To gather a large clientele of traders, spanning on all levels of expertise, the brand provides a wide range of account types: Mini, Silver, Gold, Platinum, Diamond, and VIP accounts. Let’s take a clear look at all these accounts and related offerings to understand better.

All the accounts offer super-tight spreads with no markups, competitive commissions, scalping, and high-volume trading. However, VIP account holders also benefit from the broker’s instant withdrawal request approval feature, while Mini, Silver, and Gold account holders might need to wait up to five business days to get their withdrawal requests approved, Platinum and VIP account members only have to wait for three days and one day, respectively.

All members are also provided a specific welcome bonus according to their selected account type. For instance, Mini and Silver account holders are offered a 50% welcome bonus while Gold and VIP members are provided 60% and 100% bonuses, respectively.

Registered clients are also provided account size-based leverage ratios like 1:200 for Mini, Silver, and Gold members. At the same time, Platinum and Diamond accounts receive 1:300 and 1:500, respectively. Furthermore, VIP members receive leverage of 1:1000.

Coinrise Gold Account Features

Source: https://www.coinrise.ca/gold-account/

Pros

  • Varied account types for traders
  • Super-tight spreads and no markups for all registered members
  • The welcome bonus offered to all clients

Cons

  • Doesn’t offer MT4 or MT5 trading platform to all traders
  • No educational resources for beginner traders

Conclusion

The broker offers live crypto market news and trading alerts, numerous indicators, 24/7 dedicated and multilingual customer support, and various account types. Considering all the features mentioned above, Coinrise turns out to be a righteous and reliable brand for all traders.