Unlock the Potential of Bitcoin Trading with Exness
How to Trade BTC On Exness Broker
In recent years, Bitcoin has emerged as a prominent asset class, attracting both seasoned traders and newcomers to the world of cryptocurrency. Exness, a reputable online broker, offers a robust platform for Exness Bitcoin trading. This comprehensive guide will walk you through the essentials of trading Bitcoin on Exness, providing you with the knowledge and tools to navigate this exciting market.
Bitcoin Trading Platform
Exness provides a user-friendly and feature-rich platform for trading Bitcoin and other cryptocurrencies. The platform is designed to cater to traders of all experience levels, offering a range of tools and features to enhance your trading experience.
Demo Account
Before diving into live trading, it’s highly recommended to familiarise yourself with the platform using a demo account. This risk-free environment allows you to:
- Practice trading strategies without financial risk
- Explore the platform’s features and functionalities
- Gain confidence in your trading abilities
- Test various market conditions and scenarios
To open a demo account, simply visit the Exness website and follow the registration process for a demo account. You’ll be provided with virtual funds to simulate real trading conditions.
Trading Accounts
Exness offers several account types to suit different trading styles and preferences:
Account Type | Minimum Deposit | Leverage | Spreads | Commission | Suitable for |
Standard | $1 | Up to 1:2000 | From 0.3 pips | No commission | Beginners and intermediate traders |
Pro | $200 | Up to 1:Unlimited | From 0.0 pips | $3.5 per lot (round turn) | Advanced traders and high-volume traders |
Zero | $200 | Up to 1:Unlimited | 0 pips | From $3.5 per lot (round turn) | Scalpers and high-frequency traders |
Raw Spread | $200 | Up to 1:Unlimited | From 0.0 pips | $3.5 per lot (round turn) | Professional traders and algorithmic trading |
Choose the account type that best aligns with your trading goals, experience level, and risk tolerance.
Deposit and Withdrawal
Exness provides a variety of secure and convenient payment options for deposits and withdrawals:
- Bank wire transfer
- Credit/debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, WebMoney)
- Cryptocurrencies (Bitcoin, Ethereum, Tether)
The process is typically fast and commission-free, allowing you to focus on your trading activities. Always verify the available payment methods in your region, as they may vary depending on your location.
Crypto Market Trading Conditions
Understanding the trading conditions for cryptocurrencies on Exness is crucial for successful trading. Here are some key aspects to consider:
Trading Hours
One of the advantages of trade Bitcoin Exness is the 24/7 market access. Unlike traditional financial markets, the cryptocurrency market operates around the clock, allowing you to trade at any time that suits your schedule.
Spreads
Exness offers competitive spreads on Bitcoin trading, which can vary depending on your account type and market conditions. Typical spreads for BTC/USD can range from 0.3 pips to 50 pips, with tighter spreads available on Pro and Zero accounts.
Commissions
Commission structures vary depending on the account type:
- Standard Account: No commission
- Pro Account: $3.5 per lot (round turn)
- Zero Account: From $3.5 per lot (round turn)
- Raw Spread Account: $3.5 per lot (round turn)
Always factor in both spreads and commissions when calculating your trading costs.
Order Types
Exness supports various order types to help you manage your trades effectively:
- Market Order: Execute trades at the current market price
- Limit Order: Set a specific price to buy or sell
- Stop Order: Set a trigger price to open a market order
- Take Profit: Automatically close a position at a specified profit level
- Stop Loss: Automatically close a position at a specified loss level
- Trailing Stop: Dynamically adjust your stop loss as the market moves in your favour
Familiarise yourself with these order types to implement more sophisticated trading strategies and manage your risk effectively.
How to Trade BTCUSD
Trading the btc/USD pair on Exness is straightforward. Here’s a step-by-step guide:
- Log in to your Exness trading account
- Select the BTC/USD pair from the available instruments
- Analyse the market using technical and fundamental analysis tools
- Decide on your entry point and position size
- Choose the appropriate order type (market, limit, or stop)
- Set your take profit and stop loss levels
- Execute the trade and monitor your position
Remember to stay informed about factors that can affect the BTC/USD pair, such as regulatory news, technological developments, and macroeconomic trends.
How to Trade BTCCNH
Trading Bitcoin against the Chinese Yuan (CNH) can offer unique opportunities. Follow these steps:
- Access the BTC/CNH pair on your Exness trading platform
- Research the Chinese cryptocurrency market and regulations
- Analyse technical indicators and price charts
- Consider the impact of Chinese economic news on the pair
- Determine your entry and exit strategies
- Place your trade using the appropriate order type
- Manage your position, adjusting as necessary based on market movements
Keep in mind that the Chinese government’s stance on cryptocurrencies can significantly impact this pair’s volatility and liquidity.
How to Trade BTCKRW
To trade Bitcoin against the Korean Won (KRW), follow these steps:
- Select the BTC/KRW pair on your Exness platform
- Study the South Korean cryptocurrency market and regulations
- Utilise technical analysis tools to identify potential entry and exit points
- Stay informed about Korean economic news and its potential impact on the pair
- Determine your position size and risk management parameters
- Execute your trade using the appropriate order type
- Monitor and adjust your position as needed
Be aware that the South Korean cryptocurrency market can be quite active, potentially leading to increased volatility in this pair.
How to Trade BTCTHB
Trading Bitcoin against the Thai Baht (THB) requires attention to both global cryptocurrency trends and Thai economic factors:
- Locate the BTC/THB pair on your Exness trading platform
- Research the Thai cryptocurrency market and regulatory environment
- Analyse price charts and technical indicators specific to this pair
- Consider the impact of Thai economic news and policies on the exchange rate
- Determine your trading strategy, including entry and exit points
- Place your trade using the most suitable order type
- Actively manage your position, adjusting to market movements
Keep in mind that the Thai cryptocurrency market may have unique characteristics that could affect this trading pair.
How to Trade BTCXAG
Trading Bitcoin against Silver (XAG) offers an interesting dynamic between a digital asset and a precious metal:
- Find the BTC/XAG pair on your Exness trading platform
- Study the relationship between Bitcoin and silver prices
- Analyse technical indicators and historical price data
- Consider global economic factors that might affect both Bitcoin and silver
- Develop a trading strategy that accounts for the unique characteristics of this pair
- Execute your trade using the appropriate order type
- Monitor your position, adjusting as necessary based on market conditions
Remember that this pair can be influenced by factors affecting both the cryptocurrency and precious metals markets.
How to Trade BTCXAU
Trading Bitcoin against Gold (XAU) combines the worlds of cryptocurrency and traditional safe-haven assets:
- Access the BTC/XAU pair on your Exness trading platform
- Research the historical relationship between Bitcoin and gold prices
- Utilise technical analysis tools to identify potential trading opportunities
- Stay informed about global economic events that could impact both assets
- Develop a trading plan that includes entry points, position sizing, and risk management
- Place your trade using the most suitable order type
- Actively manage your position, considering the unique dynamics of this pair
Keep in mind that Bitcoin and gold can sometimes move in opposite directions during times of market stress or uncertainty.
How to Trade BTCZAR
Trading Bitcoin against the South African Rand (ZAR) requires attention to both global cryptocurrency trends and South African economic factors:
- Select the BTC/ZAR pair on your Exness platform
- Study the South African cryptocurrency market and regulatory environment
- Analyse price charts and technical indicators specific to this pair
- Consider the impact of South African economic news and policies on the exchange rate
- Determine your trading strategy, including entry and exit points
- Execute your trade using the most appropriate order type
- Monitor and adjust your position as needed, taking into account market movements
Be aware that the South African cryptocurrency market may have unique characteristics that could affect this trading pair.
FAQ
Can I trade Bitcoin on Exness?
Yes, you can trade Bitcoin on Exness. The broker offers various Bitcoin trading pairs, including BTC/USD, BTC/EUR, and BTC against several other currencies and assets. To start trading, you’ll need to open an account with Exness and complete the verification process.
What is the minimum deposit for BTC trading on Exness?
The minimum deposit for Bitcoin trading on Exness depends on the account type you choose. For Standard accounts, the minimum deposit is as low as $10. However, for more advanced account types like Pro, Zero, and Raw Spread accounts, the minimum deposit is typically $200.
How to Buy Bitcoin (BTC) right now?
To buy Bitcoin on Exness:
- Log in to your Exness account
- Choose a Bitcoin trading pair (e.g., BTC/USD)
- Select “Buy” and enter the amount you wish to purchase
- Choose your order type (market or limit)
- Review and confirm your order
Alternatively, you can buy Bitcoin through cryptocurrency exchanges or other financial institutions and transfer it to your Exness account.
How to Sell Bitcoin (BTC) right now?
To sell Bitcoin on Exness:
- Log in to your Exness account
- Select the Bitcoin trading pair you wish to sell
- Choose “Sell” and enter the amount you want to sell
- Select your order type (market or limit)
- Review and confirm your sell order
Once executed, the corresponding amount of the base currency will be credited to your account.
Can I trade BTC on MT4?
Yes, you can trade Bitcoin on MetaTrader 4 (MT4) with Exness. The broker supports cryptocurrency trading on both MT4 and MT5 platforms. Additionally, Exness offers its proprietary web-based platform and mobile applications for trading Bitcoin and other cryptocurrencies.
By following this comprehensive guide, you should now have a solid understanding of how to trade Bitcoin on Exness. Remember to always practise responsible trading, manage your risk effectively, and stay informed about market developments. Happy trading!