Online trading is currently considered by some as one of the most efficient ways to get involved with Bitcoin. Since it first came along in 2009, many users have wanted to investigate more about cryptocurrencies and how they can benefit from them. While the easiest way to get Bitcoin is to purchase them directly, some users go with trading since it might be a great way to monitor their price continually.
Cryptocurrencies have always been something exciting to research; there are thousands of them and several ways to exchange them. After a little more than a decade, Bitcoin is maintaining the top spot as the most popular cryptocurrency on the market. This has caused a lot of people to keep an eye on it as its value evolves.
If you’ve decided to begin trading on Bitcoin, you may have noticed that there’s a huge amount of information to digest; if you want to hopefully trade correctly, you have to go through all of it. Understandably, this may be confusing or frustrating for newcomers, so the team at Bitcoin Smarter did their best to create a better way to teach you the fundamentals of trading.
Overall, trading is simple in theory, but it’s a lot more complex in practice. To get better, you need to dedicate hours of your life to market research and strategy planning. Not everyone has the time or the patience to do this, which leaves only a portion of users who are willing to go through all that process.
Thanks to Bitcoin Smarter, you can trade in a relatively safer and maybe more effective environment. You still need to investigate and plan new strategies, but the whole process can be more comfortable and streamlined for the average user.
Bitcoin is a cryptocurrency, which is a digital asset that anyone can use to buy or sell goods and services online. This cryptocurrency can be used to make international transactions which means that you’re in control of the transaction.
Trading, in general, has a basic concept: You speculate on the price of a particular asset and execute buy or sell trades depending on that speculation. In this case, the asset you’re speculating on is a cryptocurrency. Online trading tends to be unpredictable since there’s no way to tell what value the asset is going to reach a particular point. Since cryptocurrencies are even more volatile than other assets, they’re harder to speculate on.
To trade on cryptocurrencies properly, you need to do thorough research on market behavior so that you can have a clearer idea of what is happening and what you can do to try and make a proper trade based on that information. This usually involves spending a lot of time on your computer, which not many people can afford.
Since trading is too time-consuming, it’s not accessible to everyone. However, with trading platforms, you can begin your trading journey and dedicate the time and effort as you go along.
With its intuitive user interface, Bitcoin Smarter helps you monitor the market and analyze the data. Thanks to the clean interface and views, you can spend less time looking at a computer screen to find a trade. You can go about your day and check in from time to time.
Trading platforms are still a relatively new concept on the internet. Professional traders are used to watching market behavior for hours, but beginners may feel like that’s too exhausting for them. By using a trading platform, such as Bitcoin Smarter, you can learn more about the fundamentals of Bitcoin trading without background noise.
This doesn’t mean, however, that you don’t need to put in some work. The only way to become better at Bitcoin trading is to spend time studying the markets and how they move. Therefore, it could be wise to utilize the convenient features the platform has to offer.
This platform may especially be a good choice for beginners who are looking for a more comfortable way to get into trading. Some people shy away from trading because it involves too many risks, which gets them scared to trade on any asset. However, Bitcoin Smarter provides a more comfortable trading environment, thanks to features such as the “Demo” account or an account manager.
Aside from saving you time finding interesting trades, there are some other features that you might enjoy. The team wanted to make the Bitcoin Smarter experience as efficient and comfortable as possible for all users, regardless of their current skill level.
MAKE SURE TO READ THIS LIST THOROUGHLY SO THAT YOU HAVE A BETTER IDEA OF WHAT YOU MIGHT ACHIEVE BY USING BITCOIN SMARTER.
Compatibility is a common concern among traders; most people trade with their computers, but some others prefer using portable devices to trade on the go. Regardless of your preference, Bitcoin Smarter was developed so that it is compatible with most smart devices.
If your device has access to the internet, you can access your account and start trading. For a full trading experience, it’s recommended that you use a computer as your daily driver, but if that’s not comfortable for you, you can use the device that fits your needs the best.
Extra fees are another frustrating aspect of some trading platforms. Some of them charge you additional fees for using certain features. However, some others take a small percentage of each transaction you make with them, which can also be annoying.
Not to make you feel overwhelmed with fees, the team created a platform that is generally free of charge. There are no deposit or withdrawal fees of any kind, but for the sake of transparency, it should be noted that your account manager might decide to charge a nominal fee for its services.
Bitcoin Smarter offers some extra features to help you to hopefully have a smoother journey as you’re learning the ins and outs of trading. The first is the “Demo” account, which allows you to test new strategies on real-time market behavior before you move on to live trading and risk your hard-earned money. It is a great way for beginners to get a feel of how the market works before they dive right in, but it can also greatly benefit experienced traders who wish to test their new strategies before they risk real money.
The other feature is your account manager. Account managers have knowledge and experience in crypto exchanges and may provide a valuable perspective, help you adjust your trading strategy if it’s not working as you’d hoped, and notify you when relevant trading options arise that suit your criteria. Asking for help from your account manager is an option if you’re just starting out, but it might also be useful if you’re a seasoned trader.
Managing your money is one of the most important aspects of a trading platform. The team believes that depositing or withdrawing your funds should be the easiest part of the trading process, not the other way around. Some trading platforms tend to make you go through long withdrawals or funding processes; while that’s not bad in most cases, it can be annoying for some people.
With Bitcoin Smarter, you can manage your funds as you see fit. Any available funds you have on the platforms are 100% yours, and you can choose to save it, re-invest it, or withdraw it to another account.
Signing up with Bitcoin Smarter only takes three steps! If you wish to join the platform, you can fill out the registration form and be on your way to hopefully become a better trader with Bitcoin Smarter. You can follow this sign-up process from any device that you feel comfortable with; you only need internet access.
To log in to Bitcoin Smarter, you’ll need to verify your identity. Once you receive a confirmation email, click on the link and connect with your broker’s website, where you can log in to the platform by using the credentials you chose upon registration.
When you’re done verifying your account, you can access Bitcoin Smarter and explore all the features it has to offer. Once the platform is up and running, if you wish to start live trading, you will need to fund your account and start setting your mind on a trading strategy so that you can begin your first trading session.
To fund your account, simply choose an investment amount and a payment method. After you make your investment, your account balance is going to update to reflect your current amount. If you’re a beginner, you can choose to go with the minimum of $250, as first-timers are bound to make mistakes on their first trades, and you don’t want to lose too much of your hard-earned money.
Coming up with a trading strategy can take a little more time, depending on your current skill level, but it may be worth it. You can take as much time as you want in this step, and it’s best that you don’t start your trading session until you’re sure you have acquired some knowledge and feel comfortable enough with making live trades.
This is the easiest step of the list, as you can start your first trading session. Thanks to the platform’s wide device compatibility, you can do so from anywhere, at any time, even while on vacation. And if you wish to try and improve some more, it would be wise to keep monitoring your trades and analyzing the markets as you go.
Those are some of the ways that Bitcoin Smarter may help you develop your skills. In fact, that is part of the reason the platform was built in the first place. The stripped-back nature of the displays and functions help isolate the most essential information and get you used to trading.
You may still be skeptical after reading all this information, which is understandable. You need to be careful with your money and who you trust it with. The team aims for you to hopefully be more efficient if you trade with the right platform, and they strive to be as transparent as possible with all the information so that you know exactly what you’re dealing with.
Below is a list of frequently asked questions; these are common questions that potential users may have before starting with the platform. The team wants to cover as much ground as possible, so if you have any pending questions, you might find the answers below.
You can use Bitcoin Smarter regardless of your skill level. On the other hand, if you do have the experience but you’ve never used a trading platform before, this one makes it easier by providing a more streamlined experience.
It’s important to note, though, that Bitcoin Smarter is not a quick fix for instant expertise because there isn’t such a thing. The most successful traders in the world dedicate a lot of time to training, practicing, and failing before they start to master the art of trading, and this is what Bitcoin Smarter is designed to try and help you with. It might be best if you start making a trading plan once you understand how everything works. And having a solid trading strategy might help you make smarter choices.
The truth is that it’s entirely up to you, but if you want to improve your trading skills and become a better trader, spending time on research and analysis, as well as monitoring your trades, could be a smart choice.
You can practice using the platform as much as you can and use it from anywhere and on any device, so you can do some research even on your lunch break.
And there's no better way to learn than practice with trial and error, so you can use features like the “Demo” account to practice, learn from your mistakes, and ask for help from your account manager.
For security reasons, you may not use your account on two separate devices at the same time. However, you can access your account from multiple devices if you want to. For example, if you mainly trade from your computer, you can sign out when you go out and then log in from your smartphone to trade on the go.
Bitcoin transactions are seen by some as one of the most common payment methods on the internet right now. This is thanks to their secure Blockchain technology, which records the information of every crypto transaction in history and places it on a public server.
As for the platform being safe, the team did their best to provide users with layers of security, and you are encouraged to choose a strong password and opt for two-factor authentication. However, it should be noted that nothing on the internet is ever foolproof, even if others would give you a false sense of security.
Another important thing to remember is that not all brokers offer the same storage and security capabilities. It is advisable to check this with your account manager before you start trading and conduct yourself safely.
One of the best things about Bitcoin Smarter is that you don’t have to pay any registration, funding, or withdrawal fees. If you sign up for the platform, you can generally use it free of charge. With one exception, as some of the partnered brokers might charge a nominal fee for their services.