Is it Possible to Start Trading Bitcoin with Just $2000 for a Standard Account?
For Bitcoin traders intending to commence trading with a starting capital of $2000, the Standard account designated for Bitcoin trading presents the most suitable account type - Open Bitcoin Account with $2000 - Open Live Bitcoin Account with $2000.
The Standard cryptocurrency account is a cryptocurrency account type where the traders open cryptocurrency trade transactions using Standard lots. This Standard trading lots are a fraction of the standard cryptocurrency lots. BTCUSD traders trading using the Standard Bitcoin Account can make a small deposit for example $2000 dollars deposit and use btcusd leverage provided by trading Standard cryptocurrency account to trade the btcusd Standard lots.
For illustrative purposes, consider a leverage of 100:1. With this setting, a trader is permitted to borrow $100 from their crypto broker for every single dollar held in their account. Consequently, an account possessing $2000 could leverage this to borrow $2,000 multiplied by 100:1 bitcoin trading leverage, resulting in access to $200,000 post-leverage capital. Traders may then deploy this $200,000 within their margin cryptocurrency account to initiate trades using Standard lots.
To gain deeper knowledge regarding crypto leverage and bitcoin margin trading accounts, review the following recommended bitcoin courses:
Learn More Lessons and Tutorials and Courses:
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