IQ Option cryptocurrency trading

IQ Option Cryptocurrency Trading

IQ Option Cryptocurrency Trading

Online trading is the name of the game these days, and cryptocurrencies are at its forefront. The speed at which they are expanding and taking over the market is simply staggering, but you still need a partner to help you get involved. That partner can be a simple cryptocurrency exchange or a reputable brokerage company providing you with a sound platform to trade on regularly. If you go for the latter group, you won’t find a more reliable and accessible broker than IQ Option. Their high-tech platform and low financial requirements are just the tip of the iceberg when it comes to advantages you get if you sign up with them, and in this text we will show you all the details concerning IQ Option cryptocurrency trading. Stick around and find out everything about this aspect of the company’s offer. You will be very pleasantly surprised.

Starting your IQ Option cryptocurrency adventure

As is the case with all other brokers and exchanges, to begin your IQ Option cryptocurrency trading adventure, you will need to open an account first. You can open an IQ Option Demo Account very easily if you want to test things out first (one click is literally all you need), plus there are two real accounts to choose from – standard and VIP. Everything is nice and simple, so you will be done with the whole process in a matter seconds, after which you will need to make a deposit. This is where we come to probably the most important advantage of trading with this company. You see, the IQ Option minimum deposit is just 10$, which is this company’s most prominent feature. They became famous all around the globe because of it – there is not a single trader who won’t take the opportunity to trade here for such a low amount. Furthermore, the VIP account requires you to make a deposit of just 1000$, which is another ridiculously low requirement. Accounts like that usually require tens of thousands of dollars. In any case, once you’re done with that, you will need to go to the trading platform if you want to get serious about IQ Option cryptocurrency trading. We have more on what waits you there in the next paragraph, so keep reading.

IQ Option Demo Platform

IQ Option Demo Platform

IQ Option cryptocurrency trading platform

Like we said in the introduction, IQ Option Platform is technologically quite advanced. It allows you to trade binary options, CFDs and forex too, but we will stick to cryptocurrency options in this article. It should be noted, though, that the main features of this platform remain present no matter what type of assets you decide to trade. By that, we mean that you have loads of historical data at your disposal, so performing all kinds od analyses should be a breeze. You can also have up to nine charts in front of you on your screen at the same time, plus it takes less than a second for the platform to register a price change. This is all made possible thanks to WebGL technology, which is a type of technology that is very rarely used in the trading world. It took the broker’s team one whole year to develop this trading environment, but we can honestly say that it has everything you need to make the right call at any moment (various indicators and trading tools included). With these general features out of the way, we can now focus on IQ Option cryptocurrency trading offer in more detail. Read on and see what you will be able to trade with this broker.

IQ Option Platform

IQ Option Platform

The selection of IQ Option cryptocurrencies

Before we delve into more details about how to trade cryptocurrencies with IQ Option, let’s first see what are the coins you can actually choose from. There are 12 choices for you here, all pretty much the most popular virtual currencies in the world today, and we wouldn’t be surprised if a few more of them get added to the website soon. At the moment, however, the IQ Option cryptocurrencies consist of: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Iota, Dash, Ethereum Classic, Monero, OmiseGo, Zcash, and Santiment. Simply select one of them in the upper left corner of your screen when you complete your login to the platform. By clicking on the forex pair (or whichever other asset shows up) there, a menu will appear in front of you with a category marked Crypto in it. All of the aforementioned coins can be found there, and they will be lined up according to how much each of them has grown or fallen. You can also easily choose your favorites there if you want them to pop up first every time you visit the platform. Once you decide on your investment target, you will need to choose how you want to invest. Learn all about your options in that respect in the next paragraph of this text.

IQ Option Available Cryptocurrencies

IQ Option Available Cryptocurrencies

How to trade IQ Option cryptocurrencies?

Now we’re starting to get to the main topic of the article – how can you trade cryptocurrencies with IQ Option? Well, the answer is: without the slightest problem. After you choose your coin, simply decide if the price will go up or down. It is important to emphasize that you can short sell in any conditions, which means you can make a profit no matter how your cryptocurrency price is behaving. We already said that there are various tools and indicators here that can help you out with predicting that, plus you have several chart types to help you visualize everything.
However, there are some interesting twists to all of this. The first of them are the so called pending orders, which allow you to set things up in advance. When your asset’s price reaches the level of your choosing, a trade will automatically be opened on your behalf. Simply click on the “Purchase at…” button in the bottom right corner of your screen to set the price and then click on the Buy or Sell button above it to make your prediction.
Another very similar (and useful) feature is on the same side of your screen, only slightly above the previous one. With Auto Closing (sometimes also referred to as Stop Loss/Take Profit) you can determine at which level you want your trade to close. Just click on the box to set the parameters which can be expressed in percentages, profit/loss in money or actual price, and the software will do everything for you. This will save you a lot of time if you know exactly at which level you want to opt out of your trade because, once again, you can set everything up to be executed automatically and maintain full control even when you’re not logged into your trading account.
All of this can also be done from your mobile device. You will need to download your IQ Option App for that, but it’s completely free and readily available for iOS and Android phones and tablets, so there shouldn’t be any problems. However, IQ Option cryptocurrency trading still has a lot more to offer. Stay tuned and see what else there is to discover.

START TRADING CRYPTO WITH IQ OPTION!TRY OUT ONE OF THE BEST TRADING PLATFORMS!

Join the Open Trade Network

Yes, cryptocurrencies are available on IQ Option’s website, but the company offers a special incentive for you to get into this type of trading. In other words, if you opt for investing in bitcoin or any other coin through them, they will reward you.
This is done through something called IQ Option Open Trade Network, a platform designed to unite all blockchain networks in one place. That way, you will have the chance to immediately exchange all cryptocurrencies (and standard – fiat – currencies like USD, EUR etc) between each other. To that end, the broker is issuing about 15,000 OTN tokens every Monday, which will then be handed out to its clients. It is important to note that the OTN project is not IQ Option’s project, but something run by the OTN Foundation, a non-profit organization. IQ Option is just here to support the whole thing.
So, how can you get these tokens and what can you do with them? Simple, like we said, the tokens are an incentive for you to trade any IQ Option cryptocurrency on offer. The more you trade, the more tokens you get every week – trading with this broker is essentially the way you can mine them. Of course, you can also buy them through various crypto exchanges. Once you acquire them, you will be able to pay commissions this broker asks from you when you’re trading cryptocurrencies on its website and pay for all the transactions you make on the OTN (you will need to convert tokens to coins for this). You can also approach them as an investment and hold on to them if you think their value will grow over time. But this is just the beginning, keep reading for more interesting options the broker and this network provides.

IQ Option OTN Token Benefits

IQ Option OTN Token Benefits

Is a special IQ Option cryptocurrency trading wallet needed?

Will you need a special IQ Option cryptocurrency trading wallet when trading on their website? Well no, but you will need a wallet, any wallet if you want to withdraw bitcoin directly. Yes, this broker allows you to convert your funds into bitcoin and then withdraw them as such, but more on that a bit later. In short, if you want to actually own this particular cryptocurrency, you can easily acquire it on the website, if you have a wallet for it.
What is important to emphasize, though, is that crypto-investing on this website mostly revolves around predicting whether or not a coin’s price will go up or down without having to purchase the cryptocurrency itself. Bitcoin is the only exception to that because, like we said, you can (but don’t have to) actually become its owner through this broker’s website. This is not the case with all other cryptocurrencies on offer here, however, and with them you are essentially investing in CFDs based on these assets (you still have to go to the crypto part of the platform, though). Therefore, you are not actually purchasing the currencies, but simply trying to guess how they’ll behave. This is why, to invest in cryptocurrencies you don’t actually need a wallet for each separate one – everything can be done via your IQ Option account balance. For example, you can invest 100$ into bitcoin which at a certain moment is worth an x amount of that cryptocurrency. A few days later, the price goes up, you close the trade and the profit is transferred to your trading account, all still in USD.

IQ Option Wallet

IQ Option Wallet

However, if you are indeed looking for a reliable wallet, OTN wallet is an excellent choice. Not only can you keep all your assets in the same place that way, which makes it so much easier to exchange them, but you are also free from any involvement from a third party. This is because the OTN wallet is completely decentralized. There will be no need for additional expenses, new profiles or anything of the sort. With just a few clicks, your whole portfolio will be available to you. Finally, every exchange you make is guaranteed here, and should anything ever go wrong, you will be compensated in OTN coins. As you can see, you are in good hands. But that’s just the beginning of what you can do on this network. People behind it have a detailed plan for the future, all backed by IQ Option, and we will discuss it next. Stay tuned!

OTN in the future

2018 will definitely be a big year for OTN and, consequently, IQ Option cryptocurrency trading. People running this network are only getting warmed up and the best is yet to come. Their plan is clearly laid out on their website for everyone to see (plus you can also read their whitepaper), so here we will go over the most important things they have scheduled in the next 365 days.
The first major breakthrough will occur in February when the OTN wallet becomes fully operational. At least seven different cryptocurrencies will be supported from the start, and you will be able to buy and sell them as you see fit. After that, in April, OTN Exchange will be launched. There you will be able to tokenize all crypto currencies and then trade them. New broker-partners will also join the network at this point, so the number of options you have will increase even further.

IQ Option OTN Roadmap

IQ Option OTN Roadmap

Once the summer is over, a new technology called OTN.x should be launched. It will decentralize the previously mentioned process of tokenization and will span across multiple blockchains, so everyone should be able to use it. Finally, the end of the year will see the introduction of depositaries and further decentralization of the network. There are also some plans for 2019, but we will stop here, as we think this should be more than enough to show you the level of seriousness and professionalism you’ll be dealing with here. So, get in on the action while the network is still in the initial phase of distributing tokens – there’s still plenty of time left and you won’t miss a thing. But let’s get back to IQ Option cryptocurrencies now. More precisely to the way you can manage your bitcoin stack here. Want to exchange your fiat currencies for bitcoin, for example? See how you can do than in just a few clicks.

START TRADING CRYPTO WITH IQ OPTION!TRY OUT ONE OF THE BEST TRADING PLATFORMS!

IQ Option bitcoin withdrawal

Remember how we said earlier that you can perform an IQ Option bitcoin withdrawal directly? Well, let’s take a closer look at the process, shall we? Like we said earlier, you will need a wallet for this, so make sure you have one ready. What you need to do then is open a trade with bitcoin as your asset and choose the buy option. After that, turn to the left side of the screen and find the portfolio in which you will choose the trade we just talked about. At its bottom, you will find a symbol for withdrawal in the shape of an arrow pointing towards the right (like this: |->). This will take you to the withdrawal screen where you will need to input your bitcoin wallet number and then send a withdrawal request.
What this means is that you can essentially exchange your fiat currencies for bitcoin in a matter of seconds on this website because once you go through this process, your order will be closed with no profit. The amount of bitcoin you get will be of the same value you invested into this “trade”, minus the fee. You can see how big the fee is going to be when you’re inputting your wallet number – it will be just below it. Therefore, everything is quick, safe and transparent, so if you’re in a pinch and really need some bitcoins, this is the perfect way to get them. This really rounds up the whole IQ Option cryptocurrency trading experience well, but you must be wondering now if you can make a direct deposit in bitcoin, too. Of course, you can, and we will show you how in the next part of this guide.

IQ Option bitcoin deposit

Yes, you can make an IQ Option deposit in bitcoin, too. This feature was only recently added to the broker’s offer, but please keep in mind that it is not available to traders from the EU at the moment. Given that the option was only introduced recently, though, we believe this will soon change.

Cubits Home Page

Cubits Home Page

Now then, how does this process work? Well, everything goes through the Cubits platform, so you can be sure the whole process will be smooth and transparent. Simply log into your account on IQ Option’s website and head to the deposit tab. Then, find bitcoin on the list of deposit methods and once you select it you will automatically be sent to the Cubits payment page. There, you will see a screen detailing the transaction which has to be confirmed by you within 15 minutes. If you don’t do that, nothing will happen, and you will simply have to start the transaction once again.
Once Cubits verifies the transaction (in most cases this is done instantly), IQ Option will add everything to your trading account balance. Keep in mind that it’s Cubits who determines the exchange rate in this process, not the broker. Nevertheless, should you have any problems or questions, you can always contact IQ Option’s support for assistance. Please, do not forget, however, that both trading here and withdrawals in bitcoin carry certain fees. The rules on that deserve a separate paragraph, so just keep reading to learn all about them.

START TRADING CRYPTO WITH IQ OPTION!TRY OUT ONE OF THE BEST TRADING PLATFORMS!

IQ Option cryptocurrency fees

Yes, there are IQ Option cryptocurrency fees. If you’re at all familiar with the trading industry, you know that fees are nothing unexpected in this world – all brokers have them. However, people often forget to take them into consideration when doing their calculations and then end up with less than they expected and start accusing the company for scams. Nothing could be further from the truth because cryptocurrency trading with IQ Option is legit and safe, but to avoid any misunderstandings, we will break the structure of IQ Option cryptocurrency trading (and other) fees down, so that you always know what awaits you.
First of all, you have to count on spreads when investing in CFDs on cryptocurrencies here. This is the difference between buy and sell prices, which depends on many different factors. If you’re at all familiar with trading, you know how this works, so we will move on. The next thing you have to keep in mind is the commission you need to pay for opening a cryptocurrency position. It amounts to 10% of what you invest, meaning that you account balance will be charged for the amount you invest and additional 10% in total once you set everything up. Finally, we have to once again mention IQ Option bitcoin withdrawal. While all other types of withdrawal are free, this case is an exception. 2% of every bitcoin withdrawal you make will go to the broker, plus a fixed fee. Don’t worry, though, this fee is only 0.001 BTC.
All in all, IQ Option cryptocurrency fees are not outrageously high, although they may come as a surprise to people who traded other assets here before and didn’t have to pay anything. Despite this, we firmly believe IQ Option remains the best choice for traders. With all that said, we think we have now covered pretty much everything that needed to be said about trading cryptocurrencies with IQ Option. Therefore, we will stop here and give a short overview of what we’ve learned. Want our impressions in short? Just continue, we are at the very last paragraph of this text.

IQ Option Cryptocurrency Fees

IQ Option Cryptocurrency Fees

Summarizing IQ Option cryptocurrency trading experience

Because of all the things we mention in this article, we believe that investing into IQ Option cryptocurrency trading is a great decision. You will be partnering up with a reliable company which offers you a wide variety of investment targets, all lined up on a technologically very advanced platform full of various usefully analytical tools. The financial requirements don’t change, no matter if you’re investing in binary options, cryptocurrencies or any other type of trading on this website, so there is no barrier you need to overcome in this respect. But IQ Option also takes everything to a whole new level. For example, you can withdraw your trading funds in bitcoin if you so desire, and they even took it upon themselves to support OTN, a network dedicated to uniting all blockchain networks under one banner and connecting users of all cryptocurrencies in the world. Thanks to these efforts, you will be able to exchange coins in just a few clicks and even buy them for fiat currencies. Furthermore, there are a lot of new options coming in 2018, which will expand the network’s versatility and allow you to do even more. Given that you get this network’s tokens just for performing any IQ Option cryptocurrency trading at all, it seems that now is the perfect time to open an account with this broker. Do it today and prepare yourself for many exciting trading challenges in the upcoming year!

START TRADING CRYPTO WITH IQ OPTION!TRY OUT ONE OF THE BEST TRADING PLATFORMS!
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Author: Ben Prescott
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