Cryptocurrency is a decentralized digital currency that includes Bitcoin, Ripple XRP, Ethereum, and many more.
What is Cryptocurrency ?
Cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, the cryptocurrency is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
With Tradehall’s trading platform,
Benefits of Trading Forex
Low overnight swap charges on CFDs trading, swap rate is lower
No need to store crypto
Trade Long or Short Position
Low transaction cost as low as zero commission*
How to Start Trading Crypto CFDs
In addition to that, there are also plenty of cases where traditional crypto wallets are compromised. This is where CFDs are a great alternative to keep your funds safe, while staying away from longer processing times for typical crypto trading.
To start trading Crypto CFDs, you need to register an account with Tradehall first. Click on the link and register at https://secure.tradehall.co/sign_up
For step by step registration guide, kindly refer to this link.
Verify Banking Details
Once you have logged into Tradehall, go to Dashboard and choose Account > Bank Details. Fill in your bank details as required.
How to Do Verification?
Once you have logged into Tradehall, go to Dashboard and choose Account > Verification . First, upload your Passport/ National ID. Please make sure that your photo upload is clear. Second, upload your proof of address and ensure that the proof of address upload has the same address as your Passport/ National ID and the document is not older than 180 days.
How to start a trade
- Open an account with Tradehall.
- Learn how the crypto market works.
- Build a trading plan.
- Open, monitor and close your first position.
Frequently Asked Questions(FAQ)
Cryptocurrency (or “crypto”) is a class of digital assets created using cryptographic techniques that enable people to buy, sell or trade them securely.
If you’re thinking about getting into cryptocurrency, it can be helpful to start with one that is commonly traded and relatively well established in the market.
Yes because a cryptocurrency is traded as a CFD (Contract for Difference) through Tradehall, which is as simple and secure as trading traditional stocks or forex.
How do I start trading?
If you have already opened a trading account, received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on our trading platforms here.
What trading account types do you offer?
Standard- Minimum deposit $100
ECN PRO- Minimum deposit $3000
ECN VIP- Minimum deposit $20,000
Is my money safe?
Clients’ funds are transferred to the Company’s segregated client bank account. These funds are off-balance sheet and cannot be used to pay creditors in the unlikely event the Company runs into insolvency.
How can I calculate the margin?
The margin calculation formula for forex instruments is as follows: (Lots * contract size/ leverage) where the result is always in the primary currency of the symbol. For instance, if the base currency for your trading account is USD, your leverage is 1:500 and you are trading 1 lot EURUSD, the margin will be calculated as follows: (1 * 100 000/500) = 200 Euros
How to calculate the profits?
Profit calculation is based on: (Close Price-Open Price)*Lots*Contract Size
What do I need to submit for verification?
– A color copy of a valid passport or other official identification document issued by the authorities (e.g. driver’s license, identity card, etc). The identification document must contain the client’s full name, an issue or expiry date, the client’s place and date of birth or tax identification number and the client’s signature.
– A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.
Why do I need to submit my documents for account validation?
As a regulated company, we operate in accordance with a number of compliance-related issues and procedures imposed by our main regulatory authority, ASIC. These procedures involve the collection of adequate documentation from our clients with regards to KYC (Know Your Client), including the collection of a valid ID card and a recent (within 6 months) utility bill or bank account statement that confirms the address the client has registered with.
What payment options do I have to deposit/withdraw money?
We offer a wide range of payment options for deposits/withdrawals: by multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods.
How much is the minimum deposit?
How much is the minimum withdrawal?
Any charges from withdrawal?
No charges incurred
What is Deposit Bonus & How does it work？
When you register for a TradeHall Live Account and deposit a minimum of $100, you can earn 50% of your deposit back as an extra trading fund. You can use the deposit bonus to trade in a real live account and it is withdrawable.