- What is Cryptocurrency?
- How to Get Started in Cryptocurrency Trading
- Regulated Broker
- Top 10 Online Cryptocurrency Trading Brokers 2018
- Quick Look: Best Cryptocurrency Trading Platform
- Top Best Cryptocurrency Exchanges in 2019
- Get started with 3 easy steps:
- Customer Service
- Account Type
What is Cryptocurrency?
The internet can be a very useful place to invest and do business at due to the number of opportunities that you can easily grab with just a few clicks of your mouse button.
When talking about opportunities, Bitcoin sticks right up like a sore thumb.
People do actually use search engines to search for the best way to make money out of all the Bitcoin/Cryptocurrency hype. One of the traffic created would be trading cryptocurrencies as well as betting with crypto currencies. But how do you choose the perfect broker for your needs?
When in doubt, people always back up and hold on to facts they have something new to prove that it is safe enough to venture into.
This is what happens when a person looks for the best crypto broker in the market, but what is the best?
Or is there such thing as a best trading website?
Everyone that is active in the crypto currency scene can name you their top 5 broker websites easily, without any hesitations.
How to Get Started in Cryptocurrency Trading
But for someone that just started to scratch the surface, everything can be overwhelming!
With that being said, you should and always have a mental checklist to follow in choosing your first cryptocurrency trade. Below are helpful points that you might want to list down.
Just like any other website that involves money, you first need to know if that broker is regulated or not. Why? Well, you will be definitely sending money to that website, might as well know if their legit or not, right?
Make sure that they are regulated and take your time in researching. But this isn’t always the truth when it comes to dealing with “off-the-grid” brokers or Altcoin Trading Websites that only accept Bitcoin as payment.
You see, regulated brokers only work if you are transacting with your bank or direct cash deposits.
Top 10 Online Cryptocurrency Trading Brokers 2018
Most of the trading platforms today that accept Credit Cards or Wire Transfers will always need to be regulated for them to accept payments in cash. But if we’re talking about Bitcoin websites that only accept Cryptocurrencies as payment, then we are moving to the grey area.
Are they bad?
Well, most of the time these website that are “Unregulated” have cryptocurrency transactions, as we all know, cryptocurrency transactions severe their connections with the banking world.
That’s why we see websites that are not regulated by any laws or jurisdiction. Are they safe?
Quick Look: Best Cryptocurrency Trading Platform
That brings my statement back to “Always take your time in researching.”
Not all, but most of the time, these online brokers have different levels of accounts which you are able to choose from. A good brokerage website should and always have options for their clients to choose from.
Top Best Cryptocurrency Exchanges in 2019
These options sometimes include different deposit methods, withdrawals, spreads and a lot more! “Options” is the key word here.
You also need to keep in mind the minimum deposit required per account as this will greatly influence your decision-making.
Aside from the options that you will be choosing from, we also need to put in mind the features that a website offers.
When talking about accounts, always go for websites or at least give websites that have Demo Accounts the priority. Why? Demo Accounts can help you in so many ways!
The most important thing a Demo Account can help you with would be the ability to try all their features without even spending a dollar on the website.
Some of the broker websites today not only offer crypto currency trading, but they also offer stocks, commodity, and Fiat trading.
Do not get yourself confused on what you are there for, which is crypto currency.
Get started with 3 easy steps:
Know what they have and what you are capable of trading with.
Traders who intend to cash out their BTC into fiat money, should check this page on Bitcoinp2pLoans that provides really useful insights on the topic.
This box is pointed on what they have for you in general. What type of website do they have what type of trading platform do they work with? Is it a well-designed one or are you having troubles navigating it?
It’s like choosing a car, there is no use in using the latest sports car if you do not know how to operate its digital assets. If this is the case, better choose a 68’ Shelby Mustang since you know how to make it run.
In other words, if the website confuses you, then stay away from it.
Last but not the least. When a website involves money, always look for their customer service contact points.
Do they have a phone number that you can call? Do they support live chat and email services? The last thing you want to have is a website that has a hold of your money but you are unable to contact them in any way possible. A good website should and always have at least two channels for you to contact them.
List these five most important things that you need to keep in mind in choosing your next Bitcoin broker website today.
Please do also keep in mind that these are just my suggestions and are of course, available for any personalization of your own. Just keep in mind that the best website to transact with is a website that you are comfortable enough to give your trust (since they will be holding on to your money) and has the right channels to contact if anything goes south with your transactions.
Happy website hunting!
The infomation on this website is not fiancial advise!
BestBitcoinBroker.net is not responsible for any losses that may happen by trading on these trading platforms. Do not risk more than you can afford to lose.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.