Image Source: https://roobic.io/ 

As cryptocurrency creeps its way further and further into the mainstream with each passing year, there is an ever-growing demand for crypto services that help facilitate the entry of both new and experienced investors into the industry. For a long time, this sector has been dominated by Coinbase and Binance, which have held the lion’s share of the fiat to crypto market, but things are beginning to change.

With technological advancements and restrictions being lifted in countries around the world, a new crop of innovative businesses is offering next-generation solutions that are appealing to investors, especially since they typically offer lower rates with fewer bureaucratic obligations than the bigger players in the space.

Roobic is a fine example of these innovative new businesses, as they work on bringing a simple, secure, and low-cost method for buying, selling, holding, and staking cryptocurrency, all within one easy-to-use platform. Let’s take a quick look at some of their core features and the main advantages of using their service over the industry leaders.

Buying and selling cryptocurrency

Roobic facilitates the buying and selling of cryptocurrency with various popular payment methods, including Credit Card, SEPA, Klarna, and Wire Transfer. At present, there are five fiat currencies supported on the platform; these are GBP, USD, EUR, CAD, and AUD. 

Roobic’s business model operates using an OTC (over the counter) offering for both individuals and businesses instead of the P2P model, which is known for its inherent risk and unpredictability. This OTC model allows retail and business investors to trade cryptocurrency on one easy-to-use platform, where they can even carry out high-value transactions if required. On top of this, there are no hidden fees, which means that the prices that you see on the purchase page are final, and you won’t have any funds mysteriously removed from your balance. For now, the cryptocurrencies available for trading include BTC, BCH, ETH, and LTC.

Staking

One of the best features that Roobic brings to the table is its staking functionality built directly into its native wallet. Using previous knowledge to act as a ‘validator,’ Roobic can offer higher staking returns than many bigger exchanges – and with a lot less hassle.

Crypto loans

As you are likely already aware, crypto loans are typically only offered by the bigger exchanges, which makes them inaccessible to a large proportion of retail investors. Roobic solves that problem. And unlike their competitors, Roobic will offer fiat loans with crypto collateral at the client’s discretion, as opposed to a mandatory requirement of at least 2X or more in crypto collateral for every 1 Euro (for example) that is lent out. 

While lower collateral is risky due to the possibility of liquidation (in case a coin’s value drops), Roobic’s loan offerings are preferable for people that do not have access to large amounts of funds to lay down for significant amounts of collateral, which just so happens to be the vast majority of retail investor market.

Roobic Wallet

As mentioned, Roobic offers its very own wallet where you can store all your digital assets in one place. This multi-coin wallet allows you to take full control of your cryptocurrencies where you can easily store, send and receive digital currencies with no commission or hidden fees. You can even set up your cold storage if you want to further bolster the security of your coins.

Why use Roobic?

Now that we know the core offerings of Roobic let’s take a look at some of their unique selling points that may offer some benefits over the larger and more established exchanges.

Low fees

The first and potentially most attractive aspect of Roobic is the low fees they offer on their platform. Roobic provides extremely competitive fees across all of its services, thus allowing retail traders to enter the crypto space for a much cheaper rate. In addition to this, there are no hidden fees involved with any of the Roobic offerings. All fees and commissions are visible before any funds are exchanged, and you can see exactly what you will get before you execute each trade. Lastly, there are no deposit or withdrawal fees on the Roobic platform, which means you can deposit and withdraw fiat to your bank account at zero cost.

Faster than larger exchanges

As Roobic operates on a much smaller scale, users typically benefit from a much faster service than they would from Binance, for example. The KYC process can be completed in minutes, and there is 24/7 live customer support available in six languages if you ever need it. All trades are executed extremely quickly, with funds becoming available in your wallet almost immediately after purchase, where you can transfer out to a different wallet if you wish.

A wide range of countries accepted

Another advantage of Roobic is that, despite being based in the EU, its banking infrastructure allows it to engage with clients from all over the world. This ability to easily send and receive fiat funds from multiple banks and jurisdictions is not common with some larger exchanges, at least not without a lengthy and time-consuming KYC process that can take days or even weeks to complete. This gives investors much greater flexibility with their deposit and withdrawal options. 

Final word

Although Roobic is entering into a hotly contested space, their wide range of services, such as their innovative staking and loans offerings, look set to bring a new level of value to both individuals and business investors looking to gain more exposure to the crypto market. With low, transparent fees and a highly secure native wallet, Roobic is an excellent alternative to mainstream exchanges that investors should explore if they are looking to find new ways to trade fiat and crypto assets OTC safely.