How to trade cryptocurrencies with IQ Option

Posted by BinaryCount on August 15th, 2019

A couple of years ago, not many people knew about the existence of cryptocurrencies. Its rise has been sudden and taken the financial world by storm. Now Cryptocurrency trading occupies a market capitalization worth millions and millions of dollars.

With Bitcoin as the major crypto leader, the rise from 2009, to date keeps rising amid speculations that it will fall. Many people today are trading, mining and transferring crypto with much more ease than they did a couple of years ago.

There are different types of cryptocurrencies in the market today. One most common factor with the majority of them though is that their networks are built from a technology of blockchain.

This technology protects the currencies from being retroactively altered without the network consensus. Another thing majority of them have in common is that anyone can use them globally for payments, mining, speculations, purchases and other kinds of trading transactions.

All crypto is digital and to purchase them, you can use direct flat currencies. While they are versatile and have done a great deal to help people forge their trading aspects forward, not all can trade with IQ options.

Crypto trading with IQ options

An IQ option is a platform that offers the widest t range of cryptocurrencies as compared to other platforms like CEX and Coinbox. Some of the biggest names in the crypto world like Bitcoin, Litecoin, Ethereum, Dash, Ripple, and many others are some of those offered on IQ options.

The number of cryptocurrencies on the IQ options differs occasionally but as time goes by, the platform also sees the addition of more crypto. Besides being the widest platform for cryptocurrencies, IQ options also offer other trading for futures, which gives them a wider trading margin.

Countries in the East like Lebanon, Saudi Arabia, and the United Arab Emirates use IQ options as the top-rated crypto exchange.

Being a regulated broker, IQ Option makes it easy even for even the newest traders to make fast trading decisions. Using the platform enables traders to buy and deposit their choice of crypto using a MasterCard or visa without any form of verification for trades or transactions not exceeding ,000.

For new investors looking for an effective way to invest small amounts of money, the platform offers secure wallets that allow them to store their cryptocurrencies or choose to withdraw the sane to their own wallets.

However, if you are trading one crypto like bitcoin, you can only trade in that currency. You cannot withdraw or deposit any other Cryptocurrency.

If you choose to trade larger amounts that the amount indicated, then you would need to buy a larger hardware wallet. Some of the hardware wallets that would best suit you are Trezor or Ledger Nano S.

IQ Option details

For people trading for the first time with IQ options, you get to use a Demo account to take you through the trading procedures. The demo account uses a login and has no time limit requirement.

You can also reset your balance as often as required when using the demo account.

To start trading, the required minimum deposit is and you can make a minimum trade of . The platform provides signal services and you can use your smartphone to trade on the platform via a mobile trading app.

The IQ platform interface makes trading even more enjoyable than many other platforms do because you can easily follow the charts easily. You can also do all your trading directly from the charts. The platforms displays no fewer than 9 charts all displayed at the same time showing different periods.

The platform also shows the actual opening and closing positions of all the trades and offers you an overview of your trading history and open positions. The interface also has a blog and a chat section where you can choose a broker to trade on your behalf if you want to.

The different charts to choose from are candle charts, bar charts, area charts and line charts, all the charts use patterns that give you a good guideline of the trading positions.

The platform also provides other graphical tools like Trend Lines, Fibonacci Lines, Trend Lines, Simple Lines and Horizontal Lines to help you along as you trade.

You also get 12 technical indicators that are optional to install. Some of the indicators are the Parabolic SAR, MACD, the MA, and the Stochastic Oscillator.

IQ Option support

If you want to reach to the platform support, you can do so through a number of toll-free regional numbers offered. Traders can also email the CAO and CEO directly for any inquiries.

The IQ option headquarters is at Cyprus. Some of the countries where telephone support is available are Australia, India, Brazil, Germany, Spain and Thailand.

Pros of Trading Cryptocurrencies with IQ Options

Below are some of the pros of using the IQ option platform for trading cryptocurrencies.

• The platform is very easy to use even for first-time traders
• You can make deposits of up to ,000 without the need for any verification
• Gives you the option of using a MasterCard or visa
• You can choose to trade high deposits
• Comes with a demo account
• You can trade it on your smartphone via the mobile trading app
• Can buy a wide range of cryptocurrencies
• Regulated broker
• It is user-friendly
• Great customer support
• Extensive asset coverage

Cons

• Strict to certain jurisdictions
• Other Payment methods

Besides Visa and MasterCard, other payment methods you can use to trade on the platform are Neteller, Skrill, and through bank wire.

Wrapping it up

For new time Cryptocurrency traders, the IQ Option is one of the best platforms to start your trading journey. With its easy use and user-friendly interface, you can be sure to follow your trading perfectly and make money while at it. The platform is fully regulated and no doubt one of the safest places to start investing your assets into.

The customer support is great in case you have any questions to ask and for anyone out to trade several instruments on a range of crypto pairs, you have the best platform with IQ Options. If you need a broker, you can also check out the blog and chat section to help you with the trading. Final word is, it is a great platform and you should go for it.