With our new fiat onramp services, buying crypto to support your Deriv cryptocurrency account has never been easier. Significant and rapid price fluctuations in cryptocurrencies present multiple chances to generate income from them. Keeping up with the latest trends is essential if you plan to participate in the crypto action. Trading with crypto is one way to jump on the crypto fad with Deriv , as it provides an excellent opportunity to gain more crypto while trading in your favorite industries.
Before you can begin trading with cryptocurrency on one of our platforms, you must acquire some. And if you see a potential profit opportunity in one of the markets, you don’t want delays in financing your account and opening your first trades.
Exchanging your fiat currency for cryptocurrency is the simplest and fastest way to fund your Deriv crypto account. With fiat-to-crypto exchange services, also known as fiat onramps, this process has become much easier than before.
How do I trade cryptocurrency pairs?
Trading cryptocurrency pairs on forex is very similar to trading fiat currency pairs. Let’s look at how it works with the BTC/USD pair (Bitcoin versus the US dollar).
If you believe the value of Bitcoin will rise against the US dollar, you can open a buy trade and receive a payout if correct. Similarly, if you believe the value of Bitcoin will fall, you can enter a sell exchange.
However, many individuals are still nervous to begin using it. Joining the crypto world may appear expensive or complicated to those who need more basic crypto knowledge.
We’re here to negate that myth and others about cryptocurrency.
Myth #1: Cryptocurrency is expensive
Not at all. The price can be pretty high if you buy the entire Bitcoin at once. However, you can buy and own tiny fractions, known as bitcoins. For example, the minimum trade amount required for Bitcoin on Deriv is 0.0001 BTC, which currently costs less than 5 U.s. dollars!
Myth #2: You’ll have to learn an entirely new market.
If you decide to trade cryptocurrency, you will likely need to understand the market. However, you can learn about a stock market trading with cryptocurrency. It’s the same as using USD, EUR, or other fiat currency; you must choose your favorite market to trade in. If you want to avoid trading the cryptocurrency market, trade alongside it.
Can I use a friend’s or family member’s debit/credit card or e-wallet to make a deposit?
No. You are strictly forbidden from using payment methods not your own to keep your money safe. If you use someone else’s payment method, your Deriv account will be suspended for security reasons.
Deriv currently provides which fiat onramp services?
Deriv is one of the best forex brokers in Australia provides three onramp solutions that enable our clients to quickly and easily exchange fiat for crypto to begin trading on our platforms. Changelly, Banxa, and Xanpool are the onramps. Each is pre-programmed to offer you the virtual currency corresponding to your Deriv bitcoin account.
Banxa can offer you a completely seamless trading experience. It is a cryptocurrency exchange that is fast, secure, and available all over the world.
Deposits can take 5-30 minutes to process, depending on the cryptocurrency chosen and the current transaction capacity of a blockchain. Deposits are accepted in USD, and you can deposit anywhere from $50 to $5,000 in a single transaction.
Select your location, get verified, and coins will be delivered directly to your Deriv cryptocurrency account within 30 minutes.
Here’s how to buy cryptocurrency:
- Sign in to your real account on app.deriv.com and switch to your cryptocurrency account.
- Select Cashier.
- Choose the Fiat onramp.
4.click to banxa
- You’ll be redirected to our site, where you can choose a payment method, location, and cryptocurrency you want to buy.
- Create an account with your basic information, select a payment method, and complete the transaction. After that, you’ll be returned to Deriv.
You are now ready to begin trading with cryptocurrency on Deriv which is one of the best forex brokers in Australia. Sign up for a Deriv account today to use our fiat onramp services and start your trading adventure.