How Much Does it Cost to Begin a Bitcoin Trading Account?
As a trader you can decide to begin with $1,000 for Mini Bitcoin Accounts Or you can decide to start with $100 for Micro Lots
You can also decide to start with $10,000 if you want to open a Standard cryptocurrency trading account to be trading Bitcoin Trading Standard lots.
Minimum Capital Required to Start Online Bitcoin Trading
What's needed to open a bitcoin trading account?
Once you have selected an online crypto broker to open an account with - the requirements for opening an account with an online crypto broker are listed below.
Requirements to Get Started with Bitcoin Trading
How to Open MT4 account
To open a MetaTrader 4 account you can go to MT4 brokers website and open one. Once you go to the cryptocurrency trading broker of your choice and choose this option, you will then have to fill some online forms, bitcoin trading step by step process of filling these forms is explained in this tutorial.
With this online MT4 trading account you can trade the following: Bitcoin, Bitcoin, Silver, Oil, CFDs, Futures and Stock Indices.
How to Open an Online MT4 account
To open this live cryptocurrency trading account, a trader has to fill some online forms provided by a cryptocurrency trading broker. The account opening online form can be obtained from the MT4 platform broker. On the Accounts menu provided on the File menu in the MT4 platform - choose the Open a new account option and then you can open an account - a demo bitcoin trading account or real account option is provided and you can open type of account you want. You will then have to fill an account opening form.
Process of opening a real cryptocurrency account is one where your cryptocurrency broker will also require you to upload the following required documents:
What Documents Are Required To Open An Online Bitcoin Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number & client's signature.
2. Proof of Residence Location - Color copy of utility bill - A recent utility bill (example. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last 6 months and validating your signed up address.
You can use your mobile phone to take the pictures of these documents and upload them direct from your mobile phone(this is best option when registering a cryptocurrency trading account). Alternatively, use a digital camera, upload the pictures to your PC desktop computer and then upload these supporting documents on to your account
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note after opening your bitcoin trading account it won't get to be validated until you've completed uploading these supporting document copies.
Why are Copies of My ID & Utility Bill Document that Have My Name Required?
These documents are required by your btcusd broker to safeguard against money laundering activities. AML, or Anti Money Laundering Regulations necessitate that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim as a trader you are from as well as a Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.
All regulated btcusd brokers must comply to this requirement before opening a btcusd account for a new client.
Now once you've scanned or taken pictures of these bitcoin trading account opening forms:
2.Proof of ID - Color copy of ID or Passport
3. Proof of Residence Details - Color copy of utility bill, electricity bill etc. (bill with recent date, dated within the last six months).
Upload the above forms plus the above document color copies, you can use your camera phone to take color photos of the above documents, then download the pictures from your mobile phone to your PC computer & then upload these pictures from your computer.
Once your online crypto broker receives the online bitcoin trading account opening registration forms plus the above documents, your application will be processed and you'll be assigned a login account number & a log in password for the live cryptocurrency trading account.
Once you upload these required supporting documents your account will then get validated. Your log in details will be sent to your email address. An example of a validated account is illustrated and shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your crypto broker must follow this policy and try to do everything to know who their client is, so as to guard against money laundering activities.
You can then use your details to log into your MT4 platform and begin trading on this verified account. You can also use the same log in details to login to your trader cabinet on the crypto broker website. On myaccount area client cabinet you can deposit money, withdraw money & view trading reports of your cryptocurrency trading broker account.
How to Open an Online BTCUSD Trading Account
To open this cryptocurrency trading account, a trader has to fill some online forms provided by a cryptocurrency trading broker. The account opening online form can be obtained from your online crypto broker.
Process of opening a real cryptocurrency account is one where your cryptocurrency broker will also require you to upload the following required documents:
What Documents Are Required To Open An Online Bitcoin Trading Account?
1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document that is issued by authorities (e.g. Driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number & client's signature.
2. Proof of Residence Location - Color copy of utility bill - A recent utility bill (example. Electricity, water, gas, Internet or cable TV connection, phone, oil, bank account statement) dated within the last 6 months and validating your signed up address.
You can use your mobile phone to take the pictures of these documents and upload them direct from your mobile phone(this is best option when registering a cryptocurrency trading account). Alternatively, use a digital camera, upload the pictures to your PC desktop computer and then upload these supporting documents on to your account
To Find where to upload these required accompanying documents search for the option 'Upload Documents'. Please note after opening your bitcoin trading account it won't get to be validated until you have completed uploading these supporting document copies.
Please note if you do not upload the above required documents your account won't be validated - Make sure you upload the above documents to get your account verified. More than 50% of all new traders do not succeed in opening their bitcoin trading account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your account will be verified & you can start trading with your trading account within five minutes. Take color photo of these 2 documents with your smartphone & upload these docs directly to your cryptocurrency trading broker web site using your phone browser.
Where to Upload Documents on the BTCUSD Trading Account
Once you've filled and Submitted the account opening forms that your cryptocurrency broker will have provided you with, you will get access to your trade cabinet: This will now then be your cryptocurrency trading account.
The 'Upload Documents' Button can then be accessed from within this myaccount area trader cabinet & as a trader you can upload your documents using this button.
Once you complete uploading correct documents on the 'Account Verification' on your account will reflect as Validated & you can then start trading on this btcusd trading account.
This process might seem simple but more than 50% of all new beginners don't succeed in opening their bitcoin account due to the reason that they fail to upload the required supporting documents.
Why is a Copy of My Identity Card and Utility Bill with My Name Required?
These documents are required by your btcusd broker to safeguard against money laundering activities. AML, or Anti Money Laundering Regulations necessitate that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim as a trader you are from as well as a Utility Bill that shows your exact location where you reside, that way you can't come up with some fake identity or fake residency location to use for money laundering.
All regulated btcusd brokers must comply to this requirement before opening a btcusd account for a new client.
Once your online crypto broker receives these online account opening application forms plus the above documents, your application will be processed and you'll be assigned a login account number & a password for live cryptocurrency trading account.
Once your uploaded documents are approved by your crypto broker - your account will then get verified. Your log in details will be sent to your email address. An example of a validated account is illustrated and shown below:
This is KYC - Know Your Client, it is more of a legal requirement than a mere formality, your crypto broker must follow this policy and try to do everything to know who their client is, so as to guard against money laundering activities.
You can then use your details to log into your MT4 platform and begin trading on this verified account. You can also use the same log in details to login to your trader cabinet on the crypto broker website. On myaccount area client cabinet you can deposit money, withdraw money & view trading reports of your cryptocurrency trading broker account.
Bitcoin Traders Cabinet Members Area for Making BTCUSD Trading Account Deposit & Withdraw Request
How Do You deposit money from bitcoin? - How Do You withdraw money from bitcoin?
Withdraw and deposit options provided from within the traders client cabinet area where traders can deposit and make withdraws from the various options provided, for example: Credit Card & Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, MoneyGram and Western Union money transfer techniques as illustrated below.
