5 questions by beginner crypto traders answered by Binomo platform

Statistics present that 80% of crypto merchants have been within the trade for lower than a yr. For a lot of of them, the training curve in that first yr is steep. On this article, the staff of the worldwide buying and selling platform Binomo solutions 5 frequent questions requested by newbies.

1. What is quicker: buying and selling on cellular gadgets or on desktop?

It isn’t as a lot the system that issues however which platform you employ. It is higher to select a supplier that has full cross-platform assist. Many advantageous events will come when you’re away out of your laptop, so you will need to act rapidly and shut the commerce on cellular. You want a local app for greatest outcomes, although: internet interfaces usually have responsiveness points on smartphones.

Binomo gives lightning-fast execution on all platforms: internet, desktop, iOS and Android.

2. Can I commerce on Sundays/holidays/at evening?

Most exchanges do shut for the evening and on Sundays. However you’ll be able to nonetheless commerce within the OTC (over-the-counter) market. If it’s a must to go to work throughout the week and might solely commerce throughout the weekend, we recommend that you simply decide a buying and selling platform that gives entry to the OTC market. For instance, on Binomo there’s a variety of OTC property and a helpful continuous buying and selling mode.

3. Why do buying and selling suppliers require that I take advantage of the identical cost choice with deposits and withdrawals?

Buying and selling platforms work onerous to forestall fraud and cash laundering. If it had been attainable to deposit cash, say, with a card after which withdraw it to an e-wallet or in crypto, it might open big alternatives for felony exercise, all the best way to funding terrorism. It might seem to be a nuisance that it’s a must to use the identical card or pockets, however it’s commonplace follow the world over.

On Binomo, you’ll be able to deposit and withdraw fiat and crypto. Binomo helps financial institution playing cards, Neteller, PerfectMoney, Boleto Brazil, and different methods.

4. What’s one of the best buying and selling technique for rookies?

A standard beginner mistake is listening to rumours and so-called crypto influencers on Twitter. This may work a few instances, however finally your favourite influencer might be improper and you may lose your cash. We recommend you begin studying about technical indicators as quickly as you start buying and selling. Instruments like Fibonacci ranges and Bollinger bands aren’t rocket science. You may have to take a position a few hours of your time in every indicator, however it is going to take your buying and selling to a brand new degree.

Binomo gives 30 completely different indicators and technical instruments. There’s additionally a piece with 10 free methods for various ranges, together with 5 for rookies.

5. How do buying and selling bonuses work?

Freshmen typically suppose {that a} bonus is a present of kinds, however it is not. Bonuses are an incentive for merchants to commerce extra and generate charges for the platform. Awarding bonuses is a standard follow, however phrases differ.

Right here is how bonuses work on Binomo. You may get a bonus for topping up your account, taking part in a promotion, or as a VIP consumer. For the Normal pricing plan, the utmost bonus is 80%, rising to 90% and even 100% on greater ranges. Free customers do not obtain bonuses.

A bonus might be withdrawn when the dealer generates a turnover that exceeds the bonus by a sure leverage issue. This manner either side win: the platform will get the charges and the dealer will get the bonus.

Buying and selling is each a career and an artwork, and it may well take years to grasp. The one option to study is step-by-step – with the assist of knowledgeable buying and selling platform. Be a part of Binomo without cost, login and ask any questions on the official web site