5 Questions Answered By Binmo Platform For Beginners To Encrypt Radar

According to statistics, 80% of cryptocurrency traders have worked in the industry for less than one year. For many of them, the learning curve in the first year is steep. In this article, the team of Binmo, the global trading platform, answered five common questions raised by beginners.

1. What is faster: whether on a mobile device or on the desktop

What matters is not the device, but the platform you use. It is recommended that you select a vendor that provides support across the entire platform. Many profitable places appear when you leave the computer, so you should act quickly to complete the transaction on your mobile phone. However, you need local applications for best results. The web interface of smart phones usually has a response problem.

Binmo can run quickly on any platform, such as the Web, desktop, iOS and Android.

2. Can I do business on Sunday/holiday/evening

Most exchanges close at night and Sunday. But you can still trade on the over-the-counter market. If you need to work within a week and can only trade on weekends, you’d better choose a trading platform that can access the OTC market. For example, Binmo has a variety of over-the-counter assets and a simple non disruptive trading model.

3. Why do transaction providers require the same payment options when depositing and withdrawing money

The trading platform strives to prevent fraud and money laundering. If it is possible to withdraw money with electronic wallet or cryptocurrency after depositing with credit card, it can provide great opportunities for criminal activities and support terrorist attacks. You must use the same card or wallet. This may seem annoying, but it’s the standard method around the world.

Binmo allows you to access fiat currency and cryptocurrency. Binmo supports bank cards, Neteller, PerfectMoney, Boleto Brazil and other systems.

4. The best trading strategy for beginners

A common initial mistake is to hear rumors and so-called encryption influencers on Twitter. This may have many effects, but eventually your favorite influencer will make mistakes and you will lose your money. It is recommended that you learn technical indicators at the beginning of trading. Tools like the Fibonacci level and the Brin belt are not rocket science. You have to invest a few hours in each indicator, but this will bring your trading to a new level.

Binmo provides 30 different indicators and technical tools. The other part has 10 free strategies at different levels, including 5 beginners.

5. How the transaction bonus works

Beginners sometimes think that bonuses are gifts, but they are not. Bonuses are rewards that encourage traders to trade more and pay fees to the platform. It is a general practice to pay bonuses, but the terms are different.

The following is the role of bonus in Nomo: it can be used as an account charging, participating in promotions or VIP customers to obtain bonus. For standard pricing procedures, the maximum bonus increases from 80% to 90%, and to 100% at a higher level. Free users do not accept the bonus.

If the turnover generated by the trader exceeds a certain leverage ratio of the bonus, the bonus can be drawn, so that both parties win. The platform charges fees, and traders receive bonuses.

Trade is both a profession and an art. It may take several years to master it. The only way to learn is to gradually develop with the support of professional trading platforms. Please join Binmo for free and log in to the official website to ask questions.