Bitcoin trading account: benefits, how to create - MAXITRADE

Trading is one of the most popular topics on the internet. People discuss various cryptocurrencies, profitable strategies, share signals, and advice newcomers. For most, the main question is “what to start with?” The answer is simple: the first thing that is needed to do is creating a brokerage account.

What is a trading account?

A trading or brokerage account is an exclusive investment account that can be opened with a brokerage firm or investment company. Usually, fees for opening one are not paid. After creating the account and making a deposit, the money can be used to purchase such investments, as stocks, commodities, bonds, and others.

A brokerage firm that helps open an account collects a commission from the traders for using its platform., collects a commission from the traders for using its platform. The fees vary depending on the broker. Maxitrade offers users the most comfortable system with minimum payments required.

So, by opening an account on Maxitrade, you can call it a trading or brokerage account at the same time.

What is a brokerage account needed for?

First of all, brokerage accounts allow users to gain access to various investments. These include stocks, bonds, commodities, crypto, and fiat currencies. Usually, investments are made online. Most brokers, such as Maxitrade, offer their graphics and automated price changes calculations.

Then, after investing, users can start trading. There are a lot of strategies for this topic. Mostly, people buy something cheap, wait for the price to grow and sell it. Maxitrade allows all four available choices to be traded.

Brokerage accounts allow traders to earn money without actually owning anything they trade. Only a sum of money is needed to be able to open your first deal. The main advantage is that there is no need to search for a buyer or seller personally. The system allows users to buy and sell stuff in one click automatically without losing potential deals.

Can you trade without a trading account?

Technically, it is possible to trade without using any platforms and firms. The user will have to find buyers and sellers on their own and make deals that most likely will require much more time than with a specific platform.

Most of all, there will be no possibility to earn something on the smallest price changes, as everything will depend on the sellers and buyers. It is hard to find people who change prices regularly according to the market, considering every little bit. This is one of the ways traders earn money, so it is more likely that such an earning strategy without a trading account will be lost.

It is possible to find some offers that offer the user high profits. However, this will be a seldom occasion as nobody will want to lose money or sell something for a lower price than it costs. This is one of the reasons straight trading is problematic.

Moreover, a need for creating specific cryptocurrency wallets will appear. Maxitrade does not make users create additional accounts or download any software to keep the bought cryptocurrencies as they are kept in the platform on the user’s account. Straight trading requires the user to deal with this hassle on his own.

By considering all the pros and cons, we can see that it is far more profitable to pay a fee for using a trading platform and make deals every day depending on the market changes, than by trying to find buyers and sellers straight.

What about buying Bitcoin?

As Bitcoin is the most expensive cryptocurrency, it is very profitable to work with. This is a reason people create different strategies for others to get a comfortable and profitable money-earning scheme.

Some people prefer buying and keeping BTC on their wallets. On the one hand, this method allows them to purchase various products from stores that support cryptocurrency payments and give the possibility to sell the coin when it gets expensive. The only problem might occur with finding a buyer that would be interested when the price grows. If no trading platform is used, the owner has a high chance of not selling the coins he has and losing potential profit.

With a Bitcoin trading account, users can buy and sell the currency at any time they want just with one click. There is no need to search for people that are interested in the deal as everything is automated. The correct price can be tracked with the held of a specific graphic that is updated every second. This tracking system allows users to set the maximum sale price and gain profit every second by creating deals.

So, if you want to invest once without spending time for trading and stuff, you can make a straight purchase on your wallet. However, when the price grows, you will have to worry about finding a buyer for the coin. If you use the same strategy on a trading platform, you can sell the owned cryptocurrency at any time in one click without any additional worries.

What do I need for creating a Bitcoin trading account at Maxitrade?

Before proceeding to the account creation form, it is essential to know what things do you need to have. These include:

  • A passport, ID, or driver's license to confirm your identity.
  • A document contains your home address.
  • A valid mobile phone number.
  • A valid email address.
  • An electronic wallet or bank card for deposits and withdrawals.

Also, an important detail is that you should be at least 18 years old. Otherwise, you are not allowed to register in any brokerage service.

What is the minimum top-up sum?

Maxitrade accepts deposits starting with 1 euro. This is the minimum sum that can be added to a user’s account. If you use any other currency type, currency conversion will be involved. The bank or payment system can charge an additional fee for that.

You can use electronic wallets for deposits:

  • WebMoney;
  • Qiwi Wallet;
  • Yandex Money.

VISA or MasterCard bank cards are accepted too. Additionally, you can use:

  • Bitcoin;
  • Crypto Payment System;
  • Pay Boutique;
  • Moneta.ru.

This way, you can deposit with the help of any secure payment system. It is also possible to use these services for withdrawals.

How to create a Bitcoin trading account with Maxitrade?

To start using the Bitcoin exchange service offered by Maxitrade, the user should first create an account. This can be done this way:

  1. Open the main page at Maxitrade.
  2. On the right side of the screen will appear a registration form.
  3. Enter all required information and proceed to the next step.
  4. The account will be created, but the user will have to confirm his identity before receiving full access to all features.
  5. After completing the final step, make a deposit a go to the trading section.

If everything is done correctly, in only a couple of minutes, you will have full access to all available features on Maxitrade. These include trading instruments such as signals, graphics, stop-loss and take-profit, and others.

Account types on Maxitrade

There are five types of trading accounts on Maxitrade. They have various benefits that can make Bitcoin trading even more profitable.

For example, higher-level accounts starting with “gold” offer an individual review of your trading account by a professional analyst. “Platinum” accounts give the possibility to create a personal trading strategy, and the “VIP” status offers special hedging tools, the highest priority for online trading with a professional analyst and other benefits.

These five types are:

  • Start (from $250);
  • Silver (from $3001);
  • Gold (from $10000);
  • Platinum (from $50000);
  • VIP (from $100 000).

As you can see, the account status depends on the deposit sum. This can be achieved by starting with smaller amounts and levels by consistently progressing in trading.

How to trade Bitcoin on Maxitrade

First, you should log in into your account. If you have not registered one yet, do so according to the instruction above. You will be redirected into your cabinet.

After that, you have to press the blue “Trade” button in the top left corner. This will open a new window in your browser with the trading panel. If you want to start trading Bitcoin, choose the “Cryptocurrency” option on the left side menu. It is located near the green “Services” text.

Read the list of available currencies and select Bitcoin attentively. If you had any other currencies with an active price change graphic on, make sure you switch to BTC. To do this, look at the top of the graphic and press the “Bitcoin” button. If anything else is open, close it to prevent possible future mistakes if you are not interested in that currency.

You can select any comfortable timescale at the top of the graphic to see the market price changes. A bit to the right, you can find the buy and sell graph. You can enter the number of coins you want to work with or create a limited order. The limit order option allows the trader to set a stop-loss and take-profit criteria, calculate the margin and leverage.

In the lower-left part of the screen, you can have a look at the trading signals or recommendations. These are useful when you have no time to analyze the market on your own or are not sure in your skills. Press the “Trading Signals” button and use a filter for cryptocurrencies only. Then search for Bitcoin in the list if it is available and use it.

The trading interface allows the user to get acquainted with a technical review for all currencies, cryptocurrencies, commodities, and stocks available on Maxitrade. These include moving averages and signals. Three basic options can be shown: buy, neutral, and sell. To arrows of the same color mean that the signal is for definitely buying or selling.

The trading platform also gives a possibility to check out the latest economic and crypto news. To access this section, select the “News” button on the left side menu.

If you have any trouble or need help, you can contact the support. To do this, press the red “Chat with us” button in the left bottom corner. The support is almost always online, so you can be sure your issue will be solved quickly.

How to withdraw funds

To withdraw your earned funds, return to your private cabinet and select the “Withdrawal” option. If you have bounded only one account, enter the amount of money that you would like to receive. The sum cannot be higher than the number in the “Free Balance” section.

After you create a request, it will be processed for 24 hours. By this time, one of the representatives of Maxitrade will contact you to fulfill the request. If it is placed on a day-off, then the application will have proceeded on the first workday.

The future of Bitcoin - is it still good for investment?

Although there was a lot of talking about Bitcoin being a bubble that is about to pop, even after the most significant falls, this currency grew in price and even set new records. At the moment, the highest price for one BTC was near $20,000.

The crypto market has a high volatility level, which means that the price always moves significantly up or down. This gives traders a high possibility to earn money by buying coins when their price is lower than usual and selling them for a higher sum of money.

 Expert opinions

A lot of experts have similar views about the future of Bitcoin. Mostly, they are sure that the prices are not going to drop in the nearest future and that all cryptocurrencies will become more popular in the world. As the blockchain technology develops, a lot of governmental institutions are interested in the system and mentioned the possibility of cryptocurrencies entering people's lives as something regular.

At the same time, a variety of countries has banned Bitcoin and other coins considering this as a currency that is used for funding terrorism and similar things. China, Bolivia, Columbia, Ecuador, are examples of this.

According to expert calculations, it will still be possible to mine Bitcoin for a bit more than 100 years. It is expected that by that time, a lot will change in the world, and more stores will accept cryptocurrencies as a payment method. You can already find stores that use this system. In Australia and a variety of European countries, it is possible to pay bills. This is a great step towards providing Bitcoin a place in the socium.

Problems of Bitcoin trading

As time passes by, more coins are being mined. The difficulty to get one coin grows, and so does the price per BTC. This can be a signal for most people to give up on mining this cryptocurrency and switch to something else as it will not be that profitable.

Traders might have to make more significant investments to have enough profit. Not everybody can afford to invest more than $1000 at a time with having a chance for the money to “burn.” That is why now is the best time to create a Bitcoin trading account on Maxitrade and use all the benefits of the present.

Trading involves risks. Not everybody can afford them, especially when it comes to investing money only into one thing. If to take into consideration the volatility of the market, some patience has to be enough not to lose all invested funds. Even though it might seem worthless, it is still a good idea to spend even a minimum sum into a cheaper currency.

What about taxation?

A lot of countries require traders to pay taxes for all money earned by trading cryptocurrencies. The fees vary. Governments consider this money as financial gains, so you have to contact the nearest taxation office to find out how much are you supposed to pay not to be fined.

If trading is only a hobby for you and you make withdrawals once in a while in small sums, it is not that important to deal with the taxation hassle. But if this is something like an all-time job for you, then it is better to make your earnings legal as there is a risk to be fined when the government asks you to explain where did the money come from and why were there no taxes paid.

So what is the answer?

Let us conclude.

The answer is - yes!

Bitcoin is still the right choice for investment. To make sure this will be profitable for you, it is highly recommended for you to read some specific books, watch tutorials, complete a course in Maxitrades trading school and check out the free educational materials offered on the site.

Do not forget that trading involves risks, and if you lose money, it not likely that someone will refund it for you. Better be prepared to make only profitable deals!

Conclusion

A Bitcoin trading account on Maxitrade is required for being able to trade and earn money online. It can be created in a couple of minutes and requires the user to identify himself and make a deposit.

Registration is also possible on a mobile phone by using the mobile crypto trading app. All required features are available there too so that users could trade on the way without any worries.

Bitcoin is still and will be accessible in the future, so it is worthy of a good profitable investment.

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