Trade Bitcoin Trading

How to Open Bitcoin Account in 5 Minute - Step-by-Step Procedure

To open a live Bitcoin account, visit an online Bitcoin broker site and pick open account. Choose your Bitcoin broker and select the account option. Fill out the online forms. This article explains the step-by-step form guide. Fill them right and follow the signup steps below. Get your account open in 5 minutes.

With this online account you can transact the following: Forex currencies, BTCUSD Crypto, Silver, Oil, CFDs, Futures and Index.

With this same account using the MT4 software you can trade newly added CryptoCurrencies:

With this account there is no need for a Bitcoin wallet - Bitcoin is a Crypto that can be traded in the same way as other online currencies - BTCUSD (Bitcoin / US Dollar) can now be traded as a cash CFD.

How to Open an Online Bitcoin Account

To open a real Bitcoin trading account, just fill out the online forms from your Bitcoin broker. You can get the sign-up form from your broker's website.

Process of opening a real Bitcoin account is one that your broker also will need you to upload following accompanying docs:

What Documents Are Required To Open An BTCUSD CryptoCurrency Trade Account?

1. Proof of ID - Color copy of Identity card or Passport - A color copy of valid passport or other official ID document that's issued by authorities (example. Driver's license, identity card, etc). The ID document must contain the online trader's full names, an issue or an expiry date, client's place & date of birth or tax identification No. and client's signature.

2. Proof of Residence - Coloured copy of utility bill copy - Recent dated bill (e.g. Electricity, gas, water, phone, oil, Internet and/or pay TV connection, bank account statement) dated within the last 6 months & confirming your registered address location (physical residential address not post office address).

You can use your mobile phone to take snapshots of these documents and upload them direct from your phone(this is the best option). Alternatively, use a digital camera, upload the images to your computer and then upload these supporting documents on to your account

To Find where to upload these supporting documents look for the option 'Upload Documents' - this option is shown below. Please note after signing up your trading account it won't get verified til you have completed uploading these supporting documents.

Please note if you don't upload above needed documents your account won't be validated - Make sure you upload above documents to get your account verified. More than 50 % of all beginner traders do not succeed in opening their Online account because they fail to upload the required supporting documents. If you correctly upload all the required accompanying documents then your account will be verified and you can begin trading with your account within 5 minutes. Take color photo of these 2 documents with your smartphone & upload these docs directly to your Forex and Bitcoin broker website using your mobile phone browser app.

Where to Upload Documents on the Bitcoin Account

Once you've filled out and Submitted trading account signing up forms that your broker will have provided you as a btc usd trader with, you'll get access to the following trader cabinet: This will now be your Bitcoin account.

Why is a Copy of My ID & Utility Bill that Has My Name Required?

The documents are needed by your Forex and Bitcoin broker to safeguard against any money laundering activity. AML rules, or Anti-Money Laundering, require online brokers to check your ID and residence proof. Submit documents with your name to confirm your country and citizenship. Add a utility bill copy that shows your home address. This stops fake IDs or addresses used for laundering money.

All regulated Forex and Bitcoin brokers must adhere with this requirement before registering a trading account for a new client.

Once your online Forex and Bitcoin broker gets these online trading account opening application forms in addition to the above documents, your application will be processed & you'll be assigned a log in account number & a password for live Bitcoin account.

Once your up-loaded documents are validated by your broker - your account then will get validated. Your sign in details will be sent to your Mail address. An example of a verified account is shown and displayed below:

This is KYC - Know Your Customer, it is more of a legal requirement than just a mere formality, your broker must comply with this policy and try to do everything so as to learn details of who their client is, so as to safeguard against any money laundering activities.

Use your login details to access your MT4 software. Then start trading on this verified account. The same login info works for your trader cabinet on the Forex and Bitcoin broker site. In your client area, you can add funds, take out money, and check reports on your Bitcoin trading account.

Trader Cabinet

The Bitcoin account trader cabinet is a client area where once a trader opens a live account, then they can login to this trader cabinet and do the following operations; deposit money, withdraw money, generate trade reports, upload documents and get to view the balance of their trading transactions as shown below.

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Bitcoin Broker