Cryptocurrency broker in Russia

Insurance of operations

Margin transactions are highly risky. Users borrow trades from the broker against the collateral of digital assets. In case of unfavorable market conditions, there is a risk of non-repayment of the loan, then the position is liquidated (margin call). However, in case of strong movements or gaps (price gaps due to lack of trading), the intermediary may not have time to close the transaction. In this case, the client does not just lose his deposit, but remains indebted to the company.

It is safer to choose platforms with protection against minus balance. Then, when an insured event occurs, the debt is written off.

How to start trading with a cryptocurrency broker

Trading digital assets involves risks, so you need to prepare – learn the basics of technical analysis, learn how to use the terminal, choose a strategy. Next, you will need to:

1. Choose a reliable intermediary.
2. Create a personal account.
3. Verify your identity. You need to upload a photo of the document and fill in the questionnaire.
4. Download the terminal and install it on a desktop computer or smartphone.
5. Refill the account. Broker organizations offer many payment methods – bank accounts, EPS, cryptocurrency.
6. Open the terminal and customize the interface. It is necessary to choose a theme and add tools.
7. Create a buy or sell order.

The bank card must also be verified – upload a photo of both sides of it (CVV can be closed). The name on the “plastic” must match the name in the profile. Transfers to third party accounts are prohibited.

Replenishment and withdrawal of cryptocurrency

Many intermediaries support payment gateways for deposits in digital coins. But on the balances the money is stored in USD, EUR. Some platforms open accounts in Bitcoin and Ethereum. When depositing in another digital currency, money is converted at the internal exchange rate. There are no commissions for transactions, but users pay network fees. Companies support deposits and withdrawals in these coins:

Supported digital currencies

Brokerage companies offer to trade only popular assets – 20-40 coins. Cryptocurrency pairs with USD are supported:

Available payment methods

Platforms offer clients different methods of funding their accounts. In 2022, many companies introduced restrictions and removed RUB accounts. When making a deposit from a ruble card, the exchange is made at the internal exchange rate. It may differ from the exchange rate by 5-10%. Companies offer other payment methods:

• Cryptocurrency. BTC and USDT are available on all platforms, other coins are optional.
• EPS. 2023 brokerage companies work with Perfect Money, NETELLER, Skrill.

Minimum deposit

Limits depend on the payment method. For example, when depositing from a card, the minimum is $50-100, or 1000 rubles. The rules for depositing cryptocurrency depend on the service. For example, the company Amarkets does not allow deposits of less than 8 thousand rubles in equivalent. On the RoboForex platform, the minimum amount is $20 TRX ($1.5).

It is better to start trading with a deposit of $20 on a cent account (lots are 100 times smaller) or with $1000 on a standard account. This will help you stick to the rules of risk management. You should not use more than 1% of funds in one trade.

Commissions

Cryptocurrency brokers offer different trading conditions. However, all platforms charge a commission for transactions. When depositing and withdrawing, users pay network fees (they are deducted from the transfer amount). Also, the cryptocurrency broker charges for the following operations:

• Withdrawal. On average, 1-2% is deducted per fiat transaction. When withdrawing in cryptocurrency, a fixed fee of $1-2 is charged.
• Trading. On the exchange, there is virtually no difference between the buy and sell price (spread). On cryptobroker platforms it is significant – this is the profit of the service. Some platforms offer narrower spreads, but charge a fixed amount for opening an order.
• Position rollover. When holding a trade for a long term, a fixed amount will be charged every 24 hours.

Earnings from cryptocurrency trading with a broker

Exchanges are convenient for investing in digital coins, staking and farming. Cryptocurrency trading through a broker has these features:

• Highly leveraged trades. Crypto brokers offer 100 times higher returns on all available assets. On the spot exchange market, the maximum leverage is 5.
• Hedging. Since 2017, there has been a correlation between bitcoin and the stock market. Investors can use digital coins to reduce the risks of the underlying portfolio.
• Minimum trade. Crypto brokers allow orders starting from 10 cents, which helps to calculate the lot more accurately. For beginners, this is a good alternative to a demo account.

Pros and cons of cryptocurrency brokers

On DEX, users face technical difficulties. Cooperation with a crypto broker helps to avoid such difficulties. Traders work on a debugged platform. In case of errors, you can contact tech support. Unlike exchanges, cryptocurrency brokers in Russia offer to trade a number of instruments at once. Users can increase profits through margin lending.

There are disadvantages – commissions and spreads. On bitcoin, the difference between ASK/BID is $100-200, and at night and at times of increased volatility can reach $500-700. The intermediary independently sets quotes. Often these are rates of well-known liquidity providers. However, sometimes market prices are observed – they are used to collect liquidity (stop-losses or margin calls).

Frequently Asked Questions