Types‌ ‌of‌ ‌Accounts‌ ‌in‌ ‌Crypto‌ ‌Trading‌ ‌Platform‌ ‌

(crypto‌ trading‌ platform‌) If you interested in cryptocurrency, you must have heard the word blockchain. The concept of this digital currency has taken over people’s minds since its invention. The idea of using technology to securely store and transfer money is revolutionary. Many people have chosen to invest in cryptocurrency. Because it is widely known that it has the potential for large returns. Before you get started, however, there are still some things. That need to be considered very carefully before you open your wallet.

Types of Crypto Trading Accounts:

The first thing you need to consider is the type of account you want and look at crypto trading platforms. The most common types are individual and professional accounts.

Individual Accounts:

This one has a simple interface, easy to use when buying or selling currency on that platform. Because it only requires your name, email address and phone number. This type of account can opened in just a few minutes with the minimum information required.

Individual accounts are suitable for those who trade cryptocurrency as a hobby. Many people choose this because they do not have much knowledge about trading currency online. So, they fear making mistakes when choosing an advanced trading system.

Professional Accounts:

If you have already been experienced at cryptocurrency investment. Then opening an advanced trading system based on technology with this type of account will be more advantageous. This is because there are many features that are not available in the basic version. For example, you can use the leveraged commercial to increase your investment. By an impressive ratio without having to settle all funds you’ve invested yourself.

Some other that should also considered. When opening a professional account are withdrawals up to 5 times per day, options for trading multiple currencies and other crypto coins. As well as traders who have passed KYC verification so they can deposit their money directly without having to pass through another person.

This type of account has its advantages over individual accounts but also has some drawbacks since it requires permission from the management team before being able to withdraw funds or transfer currencies.

Crypto‌ trading‌ platform‌:

It is up to you which type of account you want to open on a trading platform because both have their own advantages and disadvantages. However, if you are new to the world of cryptocurrency investment, opening an individual account with basic features is more appropriate so it will be easier for you when managing your funds.

One other that must taken into consideration: most platforms operating in the world of cryptocurrency only allow users to open individual accounts except for those who can prove their identity with documents such as KTP, identification cards, and even family books (SBP). This means that if you want to open a professional account, the above-mentioned documents must presented and verified by the platform’s management team before able to open an advanced trading system.

Cryptocurrency investment is still new in the world of business and transaction, therefore there are no terms and conditions that have been set by a particular platform.

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