Our mission is to make trading in cryptocurrency easy for everybody.
BERLIN (PRWEB) December 27, 2017
German startup MONDEX.co has launched its "info platform for crypto" on 24 December 2017. The website promises to make Bitcoin and the likes easier to understand for novice traders, with a 24/7 price chart and a free Quick Guide to Crypto.
"There is a clear lack of information in the crypto world", says CEO Wouter Verhoog, born in The Netherlands and a crypto trader himself. He continues: "I'm astounded by the amount of people investing their savings on eToro and Coinbase, without knowing anything about 'stop loss' and 'leverage'".
The 30-year old has seen his share of rookie traders losing all their investments because they underestimated the volatile market. Mr. Verhoog believes many losses could have been prevented if people would familiarise themselves with crypto trading. He intends to tackle the problem with the introduction of a whitepaper, which can be downloaded for free on http://www.mondex.co.
"For small-time traders like me it really pays off to know the basics of trading", says Verhoog, "so I compiled my experience into what I call the Quick Guide to Crypto". The Dutchman's stocks stayed afloat during the -30% dip last Friday, because he set his Stop Loss at maximum, meaning his stocks wouldn't vaporise in the event of such a crash. The next day, hundreds of novice traders were shocked as they lost thousands of dollars to the dip. "Only then did they show interest in words like Stop Loss and Hold", says Verhoog.
Mondex.co is 100% free and relies on ads that complement the content. The website currently lists three platforms (Coinbase, Binance and Cex.io) as the go-to markets to buy cryptocoins like Bitcoin, Ripple and many others.
The platform will open their own marketplace in 2018, but it will be very different from the likes of eToro. What can Mr. Verhoog tell us about Mondex.co's plans?
"We're keeping our cards close to the chest", says Verhoog, "but it will combine several platforms into one, powerful community where traders meet traders and where new coins will be welcomed by a legion of early adopters."