Cryptocurrency is a rapidly-growing, exciting sub-sector. For beginners, it may sound complicated and intimidating. Yet, behind the intrigue and noise is a relatively simple concept, which is potentially very lucrative for those willing to experiment.
When everything is said and done, trading crypto from a secure and established multi-asset platform like CryptoAltum is simple. Notably, the trading platform is familiar and packed with useful tools to make the experience smooth. This is especially useful for traders who might be getting their feet wet or transiting from Forex and commodities.
Right off the bat, CryptoAltum is where beginner and experienced traders can access a variety of tradable assets like Forex, cryptocurrencies, and gold without shuffling from one account to another to trade.
Responding to Traders’ Needs
CryptoAltum’s multi-asset platform is a direct response to the growing needs of traders who until now were only focused on Forex trading. This means there is an element of Forex in the sense that pairs can be traded with high leverage, and a blend of crypto since user personal details like driver license or passport picture isn’t required to activate an account gifting users anonymity.
Although there may be variations with spot exchanges, these multi-purpose platforms have a reputation for their security and innovation.
Comparing them with competing spot exchanges reveal huge differences to inform a new trader.
For instance, CryptoAltum offers crypto, FX, and precious metals.
Every time a trader opens a position, he/she is essentially initiating a contract between the exchange, in this case, CryptoAltum, on the underlying asset, which can be Bitcoin, gold, or Euro. This contract is based on the price movement of the underlying asset but crucially, doesn’t involve the exchange or delivery of the physical asset or digital cryptocurrency.
There are certain benefits when this remains as it is.
On one hand, a trader will, at any time of the day or week, open a position and profit from the price movement of the underpinning asset, and on the other will remain free from the hassle of addresses, security, passphrases, and other procedures that demand responsibility. This frees the trader, enabling him/her to focus solely on making money when trading their preferred digital asset, FX pair, or precious metal.
Start Small and Grow
Unlike spot exchanges, CryptoAltum supports leverage of up to 1:500, leverage usually reserved only for FX platforms. This enables users to feel as if they were trading in pure FX platforms.
In this arrangement, a trader who deposits just $100 can trade $50,000 worth of the underlying asset. As such, a beginner trader can, as he/she learns the rope of FX or crypto, can start small and gradually build positions as confidence grows. This wouldn’t be possible in spot exchanges and is, therefore, a big chance for one to grow under a live environment with real money.
If not, there is an option of trading from a demo account with live price feeds and trading tools with the only difference being the paper money through which one can use to refine trading strategy or generally sharpen his trading skills.
The Familiar MT5 Trading Platform
Perhaps the most significant step taken by CryptoAltum to merge FX and Crypto is their choice of platform: the globally recognized, award-winning trading platform, MetaTrader 5, or MT5.
The platform is used by most FX traders and is fitted with over 60 in-built trading tools. Besides the ease-of-use, MT5 is responsive to a vibrant developer community that regularly churns out custom indicators and expert advisors.
Aside from a responsive platform, CryptoAltum is heavily invested in customer support to further enhance the user experience, acknowledging that their clients may be new and in need of guidance in their earlier years.
CryptoAltum focuses on credibility and safety. With an experienced team and over 60 trading pairs, they are an established, one-stop platform for trading cryptocurrencies like Bitcoin, Forex, and gold.
Register today and start trading.
Disclaimer: This is a paid post and should not be considered as news/advice.