Monex rewards investors with Bitcoins. Should I invest in the site?
Against the backdrop of the general economic crisis, many are wondering where to invest money in order to preserve and increase capital. Large companies understand the desire of the people, which is why many corporations offer very favorable conditions for deposits. Including the online broker Monex, which promises to pay a small amount in the first cryptocurrency to all depositors. Based on this, it may seem that investing in Monex is literally necessary. Is it really? Does the company deserve attention or is it just a normal hype? Let’s get it right now.
A little about platform
A major Japanese network broker successfully started the year, having already been noted several times in the headlines. The company is seriously thinking about acquiring several large trading floors, but so far it is only raising capital through investments. Last April, Monex acquired the Coincheck exchange for $33.6 million. The well-known exchange is now actively used for trading. At that time, the trading platform was experiencing the consequences of hacking; the platform could not independently compensate for financial losses. That is why Monex came to the rescue and bought the platform. It is worth noting that Monex is not the only, but one of the most reliable brokers in the whole East. Companies use the services, despite the serious competition of large companies. The company recently discovered the cryptocurrency market, but it is already very successful in meeting its own investors, offering favorable conditions.
How to get Bitcoins with Monex?
It is worth noting that it is not enough just to invest the desired amount in the company. Investors are awarded special tokens, for which, at a very favorable rate, on the Coincheck exchange, you can exchange the crypto for Bitcoin, Ethereum and Ripple. Of course, for this you will need an account on Coincheck, without it, tokens will not begin to flow to the investor’s account. It is also important to note that the reward in cryptocurrency will come only at the end of the fiscal year, you should not expect instant payments. The end of the fiscal year in Japan falls on March 31, so if you want to get a crypt, you need to act today.
The amount of payments, contrary to possible guesses, is not calculated, depending on the size of the investment. The charge is fixed at just 500 yen, which translates to 4.54 in dollars. This amount will be credited to the account in Monex Point tokens. You can either exchange the internal currency of the exchange for a popular crypt, or use the token for operations on the exchange itself, paying fees and other services of the broker.
Is it worth it to get to work? Weigh the pros and cons
Agree that $4.54 is not the sum for serious purchases or further investments. Cryptocurrency is offered rather not for the financial benefit of investors, but for the development of new markets. Monex is trying its hand at the crypto industry, starting with small transfers to investors. The solution is interesting in the long run. If today the broker sends $5, then in a year he may well begin stimulating transfers and $500. That is why the company is worth supporting and getting a small bonus for it. Moreover, along with the award in the crypto, shareholders will also receive dividends for the purchased securities. Solid pluses and no losses. Monex is a proven, reputable company that will not disappear under the pressure of the crisis. So if you are looking for a place to invest, Monex is a good candidate.
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