Cryptocurrencies are one of the biggest inventions that have been made in the last decade and they have become a force to be reckoned with. Even a few years ago, no one could have imagined that this market would expand as quickly and massively as it did. Yet, cryptocurrencies are now offering substantial returns and are ready to take on gold as the most valuable asset in the world. Therefore, it is not at all surprising to know that they have drawn a great deal of interest of people who would otherwise not consider trading any instrument. Luckily, online trading has simplified things a great deal.
This has contributed to the influx of traders in the crypto market because they can now sign up for trading online. Even if they don’t have any knowledge or understanding of the market, or any experience for that matter, you can still trade cryptocurrencies. You can trade them without leaving home, even if you don’t have a huge capital to invest. But, there is one ingredient that you do need before you can go ahead; a crypto trading platform. How else will you connect to the crypto market and trade the cryptocurrencies you want?
The good news is that there are hundreds of these platforms to be found, given the interest cryptocurrencies have generated. But, this only creates more confusion and it can be difficult to pick one platform. However, you need to be proactive here and know exactly what you are getting into when you opt for a company because you don’t want to end up with the wrong one that can make trading complicated for you. Neuer Capital is also a broker that offers crypto trading services. It is relatively new in the market and is offering crypto CFDs (Contract for Difference) to all traders, including newcomers and skilled ones.
Nevertheless, you need to understand their offerings before moving ahead with them. Learn what you should know about Neuer Capital:
- Crypto choices
The very first thing you need to know about any broker is their crypto choices. You want to invest in cryptocurrencies, but you don’t want to have limited options. From a single crypto in 2009, the market has expanded to more than 6,000 options today. While not all of them are profitable, there is a solid number that has proven themselves to be smart choices. You should look for a platform that allows you to invest in as many as possible in order to earn maximum returns.
In this regard, Neuer Capital can be a good option because they offer you a combination of great crypto choices. They have the leading market options like Bitcoin and Ethereum, but also have other less renowned ones, such as Bitcoin Cash, Litecoin, Binance Coin, Dash, Ripple, Monero, QTum and others. Not everyone has enough capital to invest in Bitcoin, so this gives you other options to try out as well.
- Quick registration
Long and complicated registration procedures are often a turn-off because it means that you are missing out on trading opportunities. In addition, you don’t want to share too much information, especially when there is no point to it. Brokers have their own registration process and Neuer Capital has kept theirs simple and quick. They don’t ask you to go through any complicated steps or requirements and only have you share minimal information.
There is one form that needs to be completed, which is easily found on their website under the Register button. Enter your name, email address, phone number, password and account currency (EUR, GBP or USD). Next, you need to agree to their Terms & Conditions, again mentioned on Neuer Capital’s website and you will be good to go.
- Accommodating account choices
After you have registered with a broker, you will need to open an account with them and this means taking a look at what choices are available to you. Some platforms have very limited options, which can often be frustrating for traders, but Neuer Capital has come up with six accommodating choices for their clients. These choices begin with Basic, and go on to include Bronze, Silver, Gold, Platinum and Black. Every account is designed for a different kind of trader, such as newcomers, beginners, intermediate, skilled and professional traders.
Therefore, the deposit requirements for these accounts also vary. The minimal amount needed for the Basic account is €1,000, but it goes up with €10,000, €25,000, €50,000 and €100,000, respectively. The Black account is for professional traders and you cannot sign up for this account directly. To know its requirements, you need to talk to your account manager. Apart from that, all accounts also come with different features. Some are common in all accounts, such as daily market review, live support and education center access. Others are reserved for specific accounts like dedicated account manager, custom analytics, Pro webinars, personalized trading strategy, exclusive position access, one-on-one training and more.
- Convenient payment methods
After you have gone through the account choices and picked one that suits your trading style, you will have to meet the minimal deposit requirement to start trading. But, how will you make your deposit? In order to figure this out, you need to look at the payment methods supported by Neuer Capital. They have added a number of options to ensure every trader can find one that works for them. You can go with the traditional options i.e. bank wire transfer.
If you prefer the convenience offered by more modern solutions, you can use debit or credit cards for your payments. It is important for us to let you know in our Neuer Capital review that this broker supports plenty of them, such as Visa, Visa Electron, Diners, Maestro, Delta and MasterCard. They have also incorporated modern e-wallets, such as Neteller and SoFort that can be used for quick and easy payments. Deposits are usually credited instantly, no matter which method you choose, but withdrawal can take anywhere between 7 and 14 days to finalize.
With Neuer Capital, you can have a comprehensive trading experience and trade cryptocurrencies with almost no hassle or inconvenience.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Blockzodiac journalist was involved in the writing and production of this article.