Trade Bitcoin Trading

Minimum Deposit Brokers Trading Accounts

If you are a bitcoin trader who wants to open a live account & you are doing some research online to find out 1 or 2 things before opening, then you have come to the right training web site.

A real account differs from a demo one. As a BTCUSD trader, you have limited funds. You might start with $1,000, $5,000, $10,000, or even $50,000 if you have more.

The initial determination involves selecting your Bitcoin leverage level for trading. If you are highly skilled in Bitcoin trading, opt for 100:1 Bitcoin leverage: otherwise, a 50:1 Bitcoin leverage is advisable. If you have not yet practiced with a demo account, select the 10:1 crypto leverage. Crucially, even if you select 100:1 cryptocurrency leverage for your account, this does not mandate trading with the full 100:1 ratio. You should only utilize 5% of this crypto leverage, establishing trades with a maximum effective leverage of 5:1. The remaining Bitcoin leverage will be reserved to cover what is known as free margin - the capital required by the broker to sustain your open trades.

The other thing to know is what type of account you are going to open, depending on your capital you want to begin with:

If you have $1000 or less

Open a micro cryptocurrency account with $1,000 and limit your trades to micro lots. Ignore recommendations to trade larger lots/contracts as they increase risk levels beyond manageable limits with such capital. Focus on brokers offering accounts with minimal deposit requirements. If you want to keep your money and make profits with this micro crypto currency account trade on micro lots.

If you've got $10,000

Open a mini cryptocurrency account - You may create a mini cryptocurrency account with $10,000 and trade exclusively in mini lots. With a $10,000 capital, you have enough money to trade little lots and generate trading profits without taking on excessive risk.

If you have $50,000 or more

With $50,000 or more, you can handle standard lots. Open a standard crypto account. This capital supports standard contracts with little risk. But read this guide on Bitcoin money management and its methods as a trader.

To open a live account, send your broker a copy of your government ID and a utility bill with your home address. Some traders feel shocked by this request. But everyone sends them before starting. Regulators make brokers get these docs before taking deposits. Pick a regulated broker to keep your funds secure.

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