Cryptocurrencies have drawn the interest of thousands of people all over the world. These digital currencies are capable of providing massive returns, which no other investment vehicle has been able to offer for a long time. Thus, it is not surprising to discover that cryptocurrency trading is gaining immense popularity nowadays, especially considering the fact that there are almost no barriers to entry and people can easily participate from their homes. Even if you have a limited amount of money to invest, you can still trade cryptocurrencies and earn substantial returns. What do you need to do to get started?
Like other trading instruments in the market, you have to find a broker. You will come across two categories of brokers; some specialize only in crypto trading whereas others will offer you a variety of instruments to trade. The former is a better choice because brokers specializing in cryptocurrency trading are able to offer access to a better platform and resources that are particularly needed for this form of trading. There are various cryptocurrency brokers, but you should do your homework before picking one. Some of these crypto brokers can also emerge as scams later on, which can cause a lot of problems for you.
To make the right selection, you should always ask some important questions regarding the broker you choose. Amongst the several options in the market, Neuer Capital will stand out repeatedly because even though it hasn’t been operating for long, it has risen very quickly. But, before you choose this broker, you should ask some questions that are mentioned below:
What cryptocurrencies can you trade?
The first thing you should know about Neuer Capital is what cryptocurrencies they are offering in their asset index. This is of the utmost importance because you would want a broker that offers you as much choice as possible. There are more than 5,000 cryptocurrencies in the market, but most brokers only offer the top few options, which can be very limiting. When you want to diversify your crypto investment, you can do it at Neuer Capital. The broker not only gives you the leading cryptocurrencies like Bitcoin, Ethereum and Litecoin, but has also added others like Qtum, NEM and Binance Coin for trading.
How can you register?
The registration process is also something you need to look into. If a crypto broker is asking for excessive details and information, you should drop them entirely because this is quite suspicious. Neuer Capital has kept their registration easy and simple for everyone and they only ask for minimal information. There is only one short form that you have to complete on the website and it asks for some basic details. These include first and last name, email address, phone number and account password. It also ask you to choose an account currency from GBP, EUR and USD.
What account options are available?
You will obviously have to open an account with a broker to start crypto trading. Neuer Capital has added multiple account options that are very accommodating and provide plenty of features to the users. There are six choices, starting with Basic account that has a minimum deposit of €1,000, Bronze that can be opened with €10,000, Silver account that needs €25,000, Gold account for a deposit of €50,000 and the Platinum account needs funding of €250,000. The last account is the Black account, but this is only for VIP traders and they have to meet certain conditions to open this account. Some features are specific to some accounts like exclusive position access and personalized trading strategy, but others like customer service and educational center are common in all.
How secure is the broker?
One of the most important things that you need to know about Neuer Capital is their security. If a broker doesn’t take security seriously, you shouldn’t entrust them with your personal data or your hard-earned money. The good news is that Neuer Capital has paid a great deal of attention to the security of their clients. They have used SSL (Secure Socket Layer) encryption for protecting every bit of data that traders share with them. The broker uses separate accounts for its clients to keep their funds safe and stores them with the most trustworthy banks. In addition, they have also complied with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies that ensure that only legitimate individuals can create an account with the broker.
What payment methods are supported?
In order to start trading, you have to invest some capital and you would obviously expect to make profits. The question is how can you invest your funds and then withdraw them in the future? Neuer Captial has provided a horde of payment methods that their clients can explore. You can deposit and withdraw your funds through modern e-wallet options like SoFort and Neteller. These are easy to use and fast as well.
Bank wire transfer can also be used, which gives you the chance to use your bank account for making deposits and withdrawals in your account with the broker. Lastly, you can use a wide array of debit or credit cards, like MasterCard, Visa, Diners, Delta, Maestro and Visa Electron, for your payments. All deposits are credited instantly and withdrawal processing takes 7 to 14 days.
Is there any support available?
Neuer Capital offers 24/6 customer support to its clients via various channels. They have provided a phone number and email address on their website that can be used for getting in touch. A contact form is also given for the same. They have added a ton of educational material and an FAQ section for providing all the answers that traders might need at some point.
The answers to these questions all show you exactly why Neuer Capital can be a solid choice when you wish to trade cryptocurrencies. They have the best trading platform and everything else you need for successful and profitable cryptocurrency trading.