How to Begin

 

 

To start trading crypto and forex, you'll need to sign up with a broker that offers MT5 (my preference). Some brokers accept regular currency and/or cryptocurrency, but you'll need to be verified. If a broker only accepts crypto, you'll need to sign up with a company and get a crypto wallet. There are several steps involved in this process. First, you'll need to deposit funds from your account into your crypto wallet, which will also need to be verified. Once your funds are in your crypto wallet, you can then deposit them into your broker's account using the address provided by the broker. This transaction usually takes about 15 minutes to complete. Some banks may have restrictions on depositing into your crypto wallet, but there are alternative options available, such as using PayPal. To withdrawal your funds, same process in reverse.

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Bank account funds are transferred into crypto wallet. I use PayPal to transfer funds from my bank account to Coinbase.

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Crypto wallet to Broker (only if broker doesn't accept regular currency). I use Coinexx as my broker. They're other ones out there as well.

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Step 1: Go to the deposit page on Coinexx(If you plan on using Coinexx).

Step 2: Choose the Cryptocurrency you wish to deposit.

Step 3: After selecting your Cryptocurrency, a deposit address will appear.

Step 4: Log into Coinbase

Step 5: Go to send/receive. 

Step 6: Choose the Cryptocurrency (make sure you select the same Cryptocurrency you picked on Coinexx). 

Step 7: Paste the Deposit Address in the "to" field on Coinbase. The address you received on Coinexx.

Step 8: Enter the amount you wish to send/deposit.

Step 9: Review and confirm.

Step 10: Wait for confirmation. Usually takes about 15 minutes. 

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Always double check everything.

Your Crypto should now be deposited into your account. 

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​​​​It may seem complicated, but the steps are fairly easy.