Cryptocurrencies can be identified as a form of currency that uses digital files as money. This virtual or digital currency is secured through the implementation of cryptography. The features making up cryptocurrencies offer decentralized control and are based on blockchain technology.
This means that a single person or government doesn't control these digital currencies. Thus, these cryptocurrencies aren't subject to government manipulation or interference. In addition to this, the incorporation of cryptography makes it almost impossible to double-spend
Since the creation of blockchain technology and cryptocurrencies, there have been various types. This is because of the possible benefits gained from using such currency. Some examples of cryptocurrency include Litecoin, Ethereum, and Coinye. However, the most popular and the first cryptocurrency is Bitcoin.
The biggest attribute to Bitcoin's popularity is its decentralization, which is a common feature found in all other cryptocurrencies that have been created subsequent to the development of Bitcoin. Due to this decentralization, no particular institution or individual has control over its network. This offers incredible ease to many people as it means that a bank or government doesn't have control over these funds.
Another reason for its popularity is that it is easy to set up. Compared to conventional banking institutions, a Bitcoin account can be created in mere minutes or, in some cases, seconds. The transparency offered by this virtual currency is another reason for its popularity. All transactions are recorded on a public ledger known as the blockchain.
Not to mention, these funds can be sent anywhere and arrive in the receiver's account in minutes. Along with this, these transactions aren’t subject to international transaction fees that are associated with other institutions.
Bitcoin is popular, This is largely due to the worldwide establishment of online trading platforms, brokerages, and exchanges. Because of this, you're able to easily and instantly trade Bitcoin for assets (such as gold) as well as cash, while low fees are associated with these transactions.
In addition to this, the volatile nature and newness of this type of currency can make it an exciting asset to trade on. Such a volatile nature has the ability to drastically swing the value of this cryptocurrency. For some traders, this makes for an intriguing opportunity to speculate, try to make educated decisions on its value and place buy or sell trades accordingly. For many others, it also makes for a daunting experience because of the same risks that are associated with Bitcoin trading.
This platform has the ability to cater to various skill levels and provide assistance when needed. Thus, individuals with any skill level can use it. Therefore, those who have no experience in the trading world have the opportunity to make trades and hopefully become investors in Bitcoin and other cryptocurrencies.
This is all possible thanks to the platform’s intuitive user interface, a “Demo” trading account, and the help of your account manager. You can share your parameters and limitations with your account manager, and he / she can notify you when trading opportunities arise that match your criteria. And if your trading strategy isn’t working out as you’d hoped, you can also ask the account manager for more information and help you tweak it.
The “Demo” trading account allows these beginners to test out their strategies and gain experience in the trading world without risking their money to fund unsuccessful trades. You can use this “Demo” trading account until you feel comfortable enough to start a live trading session.
In addition to this, experienced traders can also use the “Demo” trading account if they would like to test out new trading strategies. This helps you identify any flaws that may be present in the strategy before implementing these tactics in a live trading session.
Moreover, BitQH has a comprehensive user interface. The trading market creates endless amounts of data in seconds. This can make it challenging to identify the information that is essential for you. However, with such an intuitive user interface, you will have the ability to scan through the extensive amount of background ‘noise’ and identify gaps that fit with your trading goals.
After these gaps have been identified, you may be able to approach a trade with more confidence in your decision. Make sure to keep track of the market, so you don’t miss a potential opportunity. Thanks to all the useful features the platform provides, you might have a smoother trading experience and build your confidence to hopefully become a better trader.
There are many features to use on BitQH. Below are some of the most common ones:
Not every individual who wishes to trade on Bitcoin and other cryptocurrencies can access a laptop. For this reason, the developers have ensured the BitQH trading platform can be accessed using any device with a browser and internet connection.
All that is required to use the BitQH trading platform is to open an account and fund it. You can use multiple devices to trade using BitQH, just make sure to log out from one to be connected to the other. Thus, you can use a laptop to make trades and your phone or tablet to monitor these trades when you’re away from your desk.
Unlike other trading platforms, BitQH doesn’t require an extensive amount of information from you. This allows the team to offer you privacy and a quick registration process. You don’t need to spend a lot of time filling out endless registration forms. You only need to provide very basic personal information.
The platform is generally free of charge. There aren’t any hidden costs involved during the registration process. The only payment you need to make is a deposit of $250 to be used in your first live trades.
The money you deposit is yours to use. The platform doesn’t take a percentage of this money, and there are no withdrawal fees either. BitQH is generally free to participate in trading activity.
The only time you might be asked to pay a nominal fee is if your account manager decides to charge for their services.
When developing the BitQH trading account registration, the team aimed to create an easy and quick registration process. They believe that drawn-out and tedious registration processes are unnecessary and redundant.
That’s why the team has refrained from creating such a process and rather condensed the entire registration into three straightforward steps. These steps are detailed below:
If you wish to join, the first step to creating a trading account involves filling out a registration form. This is where you're going to be asked to provide the following details:
Next, you’ll be sent a confirmation email with a verification link. Click on the link to be connected with your partnered broker’s website, where you can log in to the platform using your chosen credentials.
Once your information has been verified, you’re able to move on to the next step. If you are ready to start live trading, you wil need to fund your trading account with at least $250. Then you can share your trading parameters with your account manager so he / she may send you notifications when possible viable trades present themselves.
This $250 is placed directly into your BitQH trading account and is the money that you're ultimately going to use to conduct live trades. It's important to understand that you have complete control over your trading account's funds and can manage it in whatever way you would like. The platform doesn’t take a percentage of this money.
The activity of developing a trading strategy is a crucial step in the registration process, and it's one that shouldn't be rushed. Experienced Traders encourage all users to conduct relevant research to understand what trading approach they desire to focus on. Remember that the platform is only a means to an end. It doesn’t make decisions for you, so make sure to acquire as much knowledge as you can to hopefully make smarter decisions over time.
After you have set your mind on a trading approach you are willing to take and fund your BitQH trading account, you’re ready to start trading on the platform. If you’re a beginner, you may feel more comfortable conducting practice trades using the “Demo” account. After you have built up enough confidence, you can then go into a live trading session. The most important thing is to start slowly and invest wisely. Remember that trading is fraught with risk, so don’t invest too much of your hard-earned money if you’re living from paycheck to paycheck.
Yes, the BitQH trading platform is designed in a specific way that allows all individuals to use it. It doesn't matter if you're a beginner or a professional trader because the platform features the ability to cater to the exact needs of each trader's skill level. In addition to this, the platform is equipped with a “Demo” trading account, providing you with the ability to practice different trading strategies and gain insight into what it's like in a live trading session. The intuitive user interface helps you have more control over your trading session and conduct trades with more confidence.
The amount of time you spend trading is entirely up to you, but if you want to try and improve your skills and hopefully become a savvier trader, spending time analyzing data and monitoring trades could be a wise choice.
With BitQH, you can practice as much as you want from anywhere and on any device, which makes trading more convenient. And if you use features like the “Demo” account to test your strategy or practice what you’ve learned, it may benefit your learning curve.
Yes, you can trade with the BitQH platform on a variety of devices. The developers made this possible because they understand that some traders want to conduct most of their trading on their PC or laptop while doing most of their monitoring on their smartphones when they're out and about.
You can have your computer as your primary trading device and your smartphone as your secondary device. However, it's important that all of your chosen trading devices have a browser and internet connectivity, and don’t forget to log out of your PC if you’re planning to head out and log back in using your phone. The platform supports only one device at a time for safety reasons.