SIGEN.Pro Review: Trade Cryptocurrencies Without Commissions or Required KYC

Cryptocurrency trading remains popular due to the steep increase in the prices of digital coins. Currently, there are 397 spot exchanges but there are almost no platforms that offer cryptocurrency trading without commissions. For every transaction with cryptocurrencies, be it exchange, selling, or buying, users have to pay from 0.1% to 3% depending on the platform. It might seem insignificant but with trading volumes exceeding $100 thousand, the fee might make a considerable difference. Add to this the mandatory KYC required by the majority of centralised exchanges, and it becomes not only unfavourable but also not very convenient.

For these reasons, professional traders and enthusiasts alike are looking for favourable trading terms, such as those that the trading platform SIGEN.pto can offer.

What is SIGEN.pro?

SIGEN.pro is an officially registered in Belize cryptocurrency trading platform (SIGEN IT DEVELOPMENT LLC.) that unites:

• Multi cryptocurrency wallet;
• Crypto exchange;
• P2P platform;
• Automated exchanger.

The platform’s founders thought through every single detail to make cryptocurrency trading convenient, affordable, and profitable. Even the name has its inner meaning. The company’s name comes from a Greek letter SIGma (Σ) that represents science, and the first two letters of the word ENergy which is associated with vitality and constant onward motion. And today SIGEN.pro fully matches up to its name since it offers the best conditions for cryptocurrency trading in the market.

Trade Without Commissions

It’s hard to believe that the trading platform SIGEN.pro is charging no commissions for trading operations, exchange on the P2P platform, depositing or withdrawing cryptocurrencies (only the fees of the cryptocurrencies’ networks). One might reasonably ask: “How is the platform profiting and how come it exists while trading commissions are the main source of income of similar platforms?”.

The main source of the platform’s income is cryptocurrency mining. For that, the platform collaborates with various mining pools all around the world, participates in the mining of cryptocurrencies that work on algorithms PoS and PoW. 

The profit that comes from cryptocurrencies mining allows SIGEN.pro to cover expenses and provide users with the opportunity to trade the most popular cryptocurrencies with no hidden fees or commissions. This rule applies to other platform’s services, including P2P exchange where the trading is conducted among sellers and buyers and where the platform serves as a guarantor of security during the transactions. 

Crypto Trading Without KYC: How it Works

Centralised exchanges require users to follow the mandatory KYC (know-your-customer) procedure for conducting trading transactions on the platform. ID details allow them to follow the users’ activity and freeze attempts in money laundering, financing of terrorism, or other illegal acts. At the same time, it presents a serious risk of identity theft for registered users that might result in users losing their funds. This happens all the time. 

The cryptocurrency exchange SIGEN.pro does not require providing the personal ID details since it does not support fiat currencies in the exchange and has no fiat wallets for storing users’ money. Users can transact with fiat currencies only on the P2P platform where all transactions are conducted among users while the platform itself serves more like a middleman and has no access to the involved funds. This being said, clients can use absolutely any fiat currency and transact via bank cards or bank transfers as well.

Top 5 Must-Know SIGEN.pro Services

As mentioned above, the SIGEN.pro platform unites several services for cryptocurrency traders. Let’s dive into all of them.

Multi-currency wallet

SIGEN.pro users can use a custodial multi-currency wallet. It means that the private keys and users’ cryptocurrencies are stored by the trading platform. The same type of storage is used by almost all centralised exchanges like Binance, Kraken, Coinbase, and others. In its turn, SIGEN.pro maintains the most up-to-date security standards by storing the lion’s share of cryptocurrencies in cold wallets.

At the time of writing, users can store and conduct trading operations with 8 cryptocurrencies, including bitcoin, ETH and several promising coins such as UMI, PRIZM, Free TON. It is worth mentioning that the list of supported cryptocurrencies is actively being filled up with the main focus being on coins with staking.

The SIGEN.pro wallet differs from others with a lack of commission for sending or receiving cryptocurrencies. In fact, users pay only the fee of the cryptocurrency network that is distributed among miners/validators. It is indeed a very important advantage since wallets on other exchanges might charge up to $30 for withdrawing cryptocurrencies.

Also, SIGEN.pro developed its system for compensating the BTC network commission charging. At first, the platform freezes quite a significant sum for network fee payment but later it returns an unused amount to the users’ balance in a form of so-called change. In the nearest future, similar algorithms will be used for other coins as well.

Cryptocurrency exchange SIGEN.pro

The trading platform stands out with a user-friendly intuitive interface and wide functionality for trading. 

In the top left corner, there is a trading pair chart. Here users can find various technical analysis tools, including handles, Elliot waves, Fibonacci retracements etc. On the right, there is a list of supported trading pairs that is constantly growing.

In the bottom left and right, there are order books:

• On the left — buy orders;
• On the right — sell orders.

In the middle, there is a window where a user can place a sell or buy order. There are two most popular types of orders available: market order (that allows instant buying and selling for the market price) and limit order (that allows conducting deals at a certain price).

P2P platform SIGEN.pro

P2P platform was created specifically for buying and selling cryptocurrencies for fiat. Here the deals are conducted among two users while the platform serves as a middleman to guarantee the safety of the transactions.

It’s important to mention that the platform allows buying and selling cryptocurrencies in all currencies of the world, be it dollars, rubles, euro, the hryvnia, or any other national currency. For conducting the buying operation, press the blue button in the top right corner. To sell cryptocurrency, press the red button and fill in the corresponding form.

The exchange on the SIGEN.pro P2P Marketplace is safe, first of all, due to the implemented ESCROW system and a high-quality user rating system. When both parties agree to proceed with a deal, the seller’s funds are frozen in the amount necessary for the exchange. Only when the buyer transfers the money and the seller acknowledges in his turn the receipt, the funds will be unfrozen. Thanks to this system, a seller can not withdraw the frozen funds or use them in other deals and a buyer can be sure that the buyer has indeed the necessary funds. At the same time, the ESCROW system ensures that a seller will get his money since the funds are transferred to a buyer only when a seller confirms a receipt of the payment. 

In case one of the parties attempts to cheat in any way (for example, by not sending fiat to the card while insisting that it was sent), another party can register a complaint with the arbitrage. In this case, the SIGEN.pro representative will be involved to solve the case and will settle an argument by asking for evidence and judging fairly. 

Exchanger SIGEN.pro

Exchanger SIGEN.pro is the quickest and easiest way to exchange cryptocurrencies without registration or filling in the endless number of various forms. The procedure is very simple:

1. You choose the exchange terms;
2. You fill in with necessary details for the exchange;
3. The amount is sent to the provided by you address. 

This being said, the exchanger functions via the market order. It means that to initiate the exchange, a user has to create an order and choose the currency he wants to exchange, get in return and the sum of the transaction. For example, if you would like to buy bitcoins for UMI tokens, you need to fill in the address of the recipient (your wallet address), sum, and email. The platform SIGEN.pro will be a seller for this transaction. In other words, you buy bitcoins on the platforms giving in return UMI tokens.

Staking

The platform SIGEN.pro supports the staking of several cryptocurrencies. In particular, already now the users can start getting stable passive income from storing UMI coins. To join the staking program, users just need to block the desired sum on the SIGEN wallet to which the rewards will be distributed with time.

Security is a Top Priority 

The security of users’ funds and data is the top priority for the platform. To shield users’ cryptocurrencies from hackers’ attacks the platform currently uses such tools as:

• Google Authenticator — popular two-factor authentication.
• Code table — another way to enable two-factor authentication.
• Protection against unauthorised access — with this feature, the exchange provides no access to the account when the connection is attempted via the unusual browser, IP address or device without a security code.
• A list of authorised devices — only listed devices will have access to the account. 

Moreover, the platform asks for additional verification via email with every withdrawal of the cryptocurrencies so thieves can have no access to the funds, given they have no access to the email. This being said, users, of course, have to follow basic security rules and do not pass the email password to anyone to protect unauthorised access to email or funds.

Reviews on SIGEN.pro

The majority of users have already had a chance to assess the benefits of the cryptocurrency exchange SIGEN.pro and show a high level of satisfaction. Among key advantages, they list a user-friendly interface, broad functionality, high operating speed and lack of commissions.

There are also negative reviews but they are few and mostly they are connected to the scarcity of trading pairs available. The developers are working on solving this issue at the moment and in the nearest future, there will be more trading pairs and coins that support staking.

Summary

Cryptocurrency exchange SIGEN.pro offers a unique way to trade cryptocurrencies without commissions that allow users to significantly cut transaction costs. Moreover, the platform is ready to offer cutting-edge, secure, and convenient services for cryptocurrency storing and exchange.