The activities of purchasing and selling cryptocurrencies are briefly called cryptocurrency trading. Similar to stock trading, commodity trading, and forex trading, crypto traders also speculate on the price movements of their volatile digital assets. In cryptocurrency trading, they choose to exchange fiat money and other digital assets for cryptocurrencies on a crypto exchange. However, given the growing incidents of cybercrime, it is always advisable to choose Valco, which is now the most secure crypto trading platform in India.
Features of the Most Secure Crypto Trading Platform in India
Valco has many unique features that make it the most secure crypto trading platform in India. The features also contribute to making crypto trading not just easy but also secure such that investors and traders can confidently do their work without any worries.
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Multi-signature wallets
The use of multiple signatures while opening crypto wallets reduces the risk of digital attacks and protects against phishing attacks. This invariably helps users to gain protection against malware that tries to access private keys.
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Two Factor Authentication
This is by far the most common security strategy of crypto trading platforms that protect all forms of unauthorized access. In crypto trading, one needs to have the most common security feature where the person has to log in with a second verification by using an authentication key with OTP or message or mail.
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Biometric Authentication
Biometric authentication considerably enhances the security system of a crypto trading platform. Mobile phones, banking apps, and every financial system are incorporating this feature to avoid unauthorized access. It makes an additional layer of security by including facial recognition, fingerprint recognition, iris recognition, and voice recognition.
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KYC and AML Stringent Verifications
Valco Trading has a stringent verification process to fulfill KYC norms. It also complies with AML requirements. Both these regulations were brought in to prevent illegal activities and improve user verification. KYC verification process invariably allows identity verification of the user and gains insight into the personal information too. Therefore, monitoring transactions becomes easier, and taking action against suspicious activities becomes simpler for law enforcement agencies.
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DDoS Protection
DDoS (Distributed Denial of Service Attacks) is necessary to avert attacks that disrupt the normal functions of the exchange. Once attacked, the system struggles to operate normally and hackers get unauthorized access to the parked funds. Repeated DDoS attacks can destroy the reputation of the exchange leading to financial loss and invite legal challenges. However, the integration of anti-DDoS mechanisms can reduce such attacks considerably and instill a sense of confidence among users to use the platforms without any worries.
How Crypto Trading Becomes Easy?
Crypto trading becomes easy while using trading platforms like Valco because the entire process is simplified for mass usage. These are the steps that make crypto trading easy for all users including new and inexperienced ones.
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Sign Up
- Visit the Valco Trading site at https://exchange.valcotrading.com/signup and start creating your account. Select your preferred trading language, and start filling out the online form.
- Enter your name, email address, and phone number, and keep a strong password on the signup form. All fields are mandatory and it is advisable to read the terms of use and then click on the signup button.
- An OTP will be sent to your Valco Wallet to activate your account.
- Once the verification is over, you can sign in to your Valco account.
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Home
Valco Trading has a dashboard and one can watch all the prices listed in the assets section. Users can watch the price movements for the last year/ six months/ three months/ one month/ one week and the last day. The users also have the option to scroll down the menus and select their assets and durations. At the bottom, there is an option to buy and sell all liquid assets.
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Profile
Check the profile details of the user. The profile details include the login history, where users can track their latitude and longitude, IP address, browser, device type, status, and precise date and time.
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KYC Verification
Identity Verification Details-
Profile photo
-Click your photo. The photo must not have any hats, spectacles, or masks.
-Hold your address proof and ID proof documents along with a paper sheet for trading cryptocurrencies on Valco. The photograph should be clear and the documents should also be visible on screen.
Address proof
-A bank account statement from the last 3 months or a utility bill is enough. It is advisable not to submit a Credit card bill.
ID Proof
-An ID Proof must include only government-issued or government-approved documents that are easily verifiable. It includes a Driver’s license, national identity card, voter ID, and other similar documents.
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Bank Information Details
- The details include
- Name of the account holder
- Name of the Bank
- Account number
- Routing Number
The account holder’s name should fully match the name provided while signing up.
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User Settings
Google 2 Factor authorization can change the password.
Users need to install and open the Google Authenticator mobile app. Then, one needs to scan the QR code to generate OTP.
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Support
Once the process is complete, users can now post their queries and ask questions or seek support and assistance in this section.
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Wallet
In the wallet section, PayBitoPro can check the balance of the asset and check the entire transactional history. This helps users to identify any anomalies in the account.
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Deposit and Withdrawal Options
Users can deposit funds and ask for invoices in the relevant section. However, it is always advisable to check the deposit limit to avoid unnecessary complications. Similarly, one can use the withdrawal options to withdraw funds.
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Watch History
Once all the processes are completed, one can monitor the transaction history for all assets in the last week and month.
Final Thoughts
The combination of high-grade security and the following simple crypto trading steps are the reasons behind the growing popularity of Valco Trading. The security features make a convincing argument that crypto trading is safe and can persuade new investors and traders to invest and trade substantial amounts of cryptos on these platforms. The world’s top cryptocurrency exchanges follow all these security and compliance protocols to convince potential users worldwide. It is worth noting that gradually the misconceptions surrounding crypto trading are also fading away as people are realizing the undeniable benefits of having the most secure trading platform in India.
