What are the Various Types of Bitcoin Accounts?

The Two Types of Bitcoin Accounts are:

Standard Bitcoin Account Micro Bitcoin Account

Bitcoin Account Types Described

What is an account type in cryptocurrency trading? - Bitcoin Account Types ExplainedThe type of account you open will depend on what type of trader you are & how much capital you want to invest in Bitcoin Trading.

The 2 common Bitcoin Account Types are:Standard Bitcoin Account Micro Bitcoin Account

Trading Bitcoin Start a Bitcoin Account

To Start a Bitcoin you'll need to open a account from an broker.

How to Open a Real Bitcoin Account in MetaTrader 4 Platform

Download MT4 BTCUSD CryptoCurrency Trading Software Platform
Install MetaTrader 4 Bitcoin Platform on your PC
Open MetaTrader 4 Bitcoin Software on your PC
Click on the File Menu & Select Open an Trading Account
Choose The Real Account Option
Fill in the real bitcoin account signing up form
Enter you account login credentials for the bitcoin account
Trade Bitcoin from the free MT4 crypto charts provided

Start Bitcoin by Opening a Account

BTC/USD Crypto Accounts

1. Standard BTC/USD Crypto Account

A Standard btcusd account is denominated in US Dollars and trades are placed using standard lots provided for by bitcoin trading standard bitcoin account brokers. One lot also is known as One lot. Minimum opening equity - at least least $10,000 dollars.

1 standard lot trading or 1 contract refers to the minimum size of a single bitcoin trade transaction. This option is the most suitable for investors with a enough capital to invest - this option requires $10,000 to $50,000 dollars in beginning capital, for this account the investor won't be undercapitalized & with good btcusd money management rules and bitcoin money management guide-lines, this option has the highest chances for profitability because it is not undercapitalized. Under capitalization is what makes most investors not profitable in crypto currency trading.

It is not recommended to open a standard bitcoin account unless you've a balance of at between $10,000 minimum & $50,000.

Professional Money Managers advice $50,000 minimum to open this standard account and only opening 1 or two lots maximum per every $50,000 dollars you have. However, most bitcoin trading brokers will still open this standard account for you if you have more than $10,000.

2. Micro Bitcoin Account

Micro Bitcoin Accounts are provided for by bitcoin trading micro bitcoin account brokers. These Micro cryptocurrency accounts are often appropriate for investors without a lot of capital & sometimes can be opened with only a $100 minimum trading equity balance.

This Micro bitcoin account option allows the trader to open trade transactions in micro lots. 1 micro is one - tenth of a mini and one hundredth of a standard btcusd crypto trading contract.

This micro cryptocurrency account is generally best fitted for account equity balances that are between $1,000 & $5,000

Can I Start bitcoin trading with $10? - How to trade bitcoin with $10 Open bitcoin account with $25 dollars trade bitcoin with $50 dollars How to trade bitcoin with $100 bitcoin trading with $200

To start bitcoin trading with the minimum amount of capital use this Micro Bitcoin Account

Bitcoin sign up of any of these accounts is provided by online brokers.

In BTCUSD Crypto, one lot is the standard trade transaction minimum of bitcoin crypto. But many online brokers offer fractions of this standard lot to enable more retail traders to access the bitcoin market. Being able to offer micro lots reduces the minimum trade size thus giving the beginner traders and also those without a lot of capital to start investing with an opportunity to get a feel of the btcusd market.

There is the availability of the online bitcoin cryptocurrency guides that a trader then can read even before opening an account, & to get extra practice in trading at no risk a beginner bitcoin trader should open a practice Crypto practice account with a online broker. The practice money is equivalent to money of a game of monopoly and thence traders can practice placing bitcoin trades without investing and depositing real money.

Learn More Lessons and Tutorials and Courses: