What are the things you should know about Eightcap?

What Am I Able to Do on EightCap？

Joel Murphy launched EightCap in 2009. Users may acquire multiple cryptocurrencies via derivative items on the marketplace. Here are some of the standout benefits that Eightcap offers its users:

• Eightcap offers a variety of account kinds that are tailored to various requirements.

• For diverse trading activities, the platform enables several trading interfaces.

• The educational area contains detailed information on trading and other relevant topics.

• When investing in cryptocurrency, clients may choose between MetaTrader 5 and MetaTrader 4.

The Benefits and Drawbacks of Using Eightcap

Pros

• Eightcap has approximately 250 cryptocurrencies available.

• Their platform enables a variety of cryptocurrency trading interfaces.

• Expert multilingual assistance

• Regulated in several jurisdictions

• Beginners may learn how to exchange coins in the learning area.

Cons

• Because Eightcap provides derivative goods, it is not possible to withdraw coins.

• There is no way to deposit cryptocurrency on the site.

• The instructional area does not allow you to select information based on your level of expertise.

• Cryptocurrencies & Trading Options from Eightcap

Which Cryptocurrencies Exist？

Can You Make a Profit on Eightcap？

Eightcap provides over 250 cryptocurrencies with a market capitalization ranging from low to high. The top currencies supported by the platform are shown below.

• Bitcoin (BTC): EUR/BTC, USD/BTC, GBP/BTC

• Ethereum (ETH) trading pairs include ETH/EUR, ETH/USD, and ETH/GBP.

• Ripple (XRP): EUR/XRP, USD/XRP, GBP/XRP

• Cardano (ADA) trading pairs include ADA/EUR, ADA/USD, and ADA/GBP.

• Terra (LUNA): EUR/LUNA, USD/LUNA, GBP/LUNA

Various Trading Options Eightcap provides this service.

Eightcap provides derivative products for their cryptocurrency choices. They now only provide CFDs (Contract For Differences) on all cryptocurrencies, allowing you to speculate on the currency price. This, however, implies that you will not communicate ownership of the coins and will instead depend on the platform to provide a fair service.

Can I Use Leverage on Eightcap？

Eightcap has created an award-winning leverage area on its trading interface to provide customers with the greatest possible experience. The amount you may borrow, however, is restricted, and the maximum leverage on all currencies is 1:20.

What Exactly Are the Spreads？

The spreads on Eightcap differ depending on the coin you are trading. The minimal spread for Bitcoin is 12, whereas other currencies vary from 0.0001 to 3.6. Investors may learn more by visiting the official website, which lists all of the cryptocurrencies offered by Eightcap.

Eightcap Fees, Limits, and Payment Options

What Are the Fees, Limits, and Speeds for Deposits and Withdrawals？

Eightcap accepts deposits in a variety of currencies, including USD, EUR, GBP, and others. Furthermore, each currency has its own set of deposit options, which include banking services and e-Wallets. Furthermore, deposits are quick, and there are no costs associated with moving monies into your account.

Methods of Deposit

• Credit and Debit Cards: Depositing using a bank card is perhaps the simplest option since it takes the least amount of information. Eightcap will also store your information, making it easy to deposit the following time.

• e-Wallets: Eightcap works with a variety of online banking systems, including Skrill, Neteller, and Poli.

• Bank Transfer: This technique ensures that funds are safely sent to Eightcap. This option is also available to foreign customers from China through the China Union Pay system.

Methods of Withdrawal

Because of their ease, bank cards and e-wallets are the most popular withdrawal options for Eightcap customers. Furthermore, Eightcap enables its customers to withdraw using the same method they used to deposit. This simplifies the process since customers will not have to re-enter their information. Furthermore, depending on the banking provider, withdrawal delays vary from 24 to 48 hours.

What Are the Fees and Commissions for Eightcaps？

All payment methods at Eightcap have no deposit or withdrawal fees. Furthermore, the broker features a one-of-a-kind price structure that does not include trading fees. Instead, they profit by imposing spreads on all coins. The size of the spread varies with each coin, and customers may access this information on their specific cryptocurrency website.

Trade Sizes and Limits for Eightcap

The amount of an eightcap deal varies depending on the cryptocurrency. Potential consumers may acquire this information ahead of time by visiting the official crypto website, where Eightcap exposes all of the necessary facts.

Trading Platform Eightcap

What Kinds of Devices Can I Use Eightcap On？

Eigthcap is accessible on both desktop and mobile platforms. Clients may use these platforms to manage their portfolios, as well as hold, buy, and sell cryptocurrencies. The following are the primary devices with which Eightcap is compatible:

• PCs

• Tablets

• Laptops

• Smartphones

Is it legal to use Eigthcap in any country？

Eightcap is licensed to operate in several countries. However, comparable brokers have been outlawed in several countries, so be sure you follow all of the requirements when opening an account. The following are the major countries that utilize Eightcap:

• China

• Canada

• Germany

• Australia

Is Eightcap available in the language I speak？

On desktop and mobile devices, Eightcap is accessible in a variety of languages. The top four languages on the platform are as follows:

English\sChinese\sSpanish\sIndonesian

How Simple Is It to Use Eightcap？

Because of its user-friendly UI, Eightcap is a simple platform to utilize. The enrollment procedure is quick, and most people start trading within minutes. In addition, completing the KYC is simple since Eightcap accepts a variety of papers as evidence of identification.

Furthermore, the trading site is flawlessly built, and all functions are conveniently accessible. For example, the main hub displays the currencies that you may invest in, as well as graphs that provide historical data. Furthermore, Eightcap provides access to a variety of trading programs that are tailored to various trading activities.

Characteristics

Eightcap offers many qualities that set it apart from its competitors. The top three characteristics are listed below.

Variety of Cryptocurrency

When compared to other brokers, Eightcap offers a much larger selection of cryptocurrencies for purchase. Their network supports approximately 250 currencies with varying market capitalizations. As a result, fresh and exciting ideas will be added to the site regularly.

Interfaces for Trading

Eightcap offers Meta Trader 5 and Meta Trader 4 interfaces, as well as a variety of trading tools. They display essential data and allow customers to draw indicators to assist them in making better trading selections.

Learn

Several blogs in the learning area instruct users about trading. It also informs about fresh market developments and intriguing ventures. Unfortunately, there are no filters, making it difficult to identify articles depending on your trading experience.

Regulation and Security Is Eightcap safe？

Eightcap is a secure platform since it employs cutting-edge security solutions. Furthermore, they use SSL encryption, making it more difficult to steal your information. Users may further increase security by activating two-factor authentication.

Are My Cryptocurrency and I Safe？

Eightcap users are responsible for ensuring the security of their cash. This entails safeguarding your passwords and concealing your 2-step authentication code. Furthermore, depending on the jurisdiction in which you reside, your money may be protected up to a particular sum.

Is Eightcap a regulated product？

Eightcap is regulated in several countries throughout the globe. The Australian Securities and Investment Commission (ASIC) and the Financial Conduct Authority (FCA) are two of the most well-known licensors (FCA).

Do I Need to Verify My Eightcap Account？

To remove limitations, new accounts must go through a KYC procedure. For identification verification, Eightcap accepts passports, ID cards, and driver's licenses. Clients may submit a bank statement, utility bill, or phone bill as proof of residence.

Additional Information

Resources for Education

Eightcap features a learning area where new traders may learn the basics of trading. This page contains tutorials, cryptocurrency-related subjects, and other instructional materials.

Charting and Tools

Meta Trader 5 and Meta Trader 4 provide a variety of charting and trading capabilities. These features highlight critical facts that may aid in the execution of good deals.

Customer Service

Eightcap's customer service is excellent since they give informative and timely replies. Clients may obtain rapid replies by utilizing the 24/7 live chat with minimal wait times or contact assistance for more serious issues.

Eightcap: How to Buy and Sell Cryptocurrency

How to Purchase Cryptocurrency on Eightcap

Purchasing bitcoin on Eightcap is a simple procedure. To acquire coins on the platform, follow the procedures outlined below.

• Step 1: First, access the trading interface and choose the coin you want to buy.

• Step 2: Next, choose the appropriate trading pair. Choose the USD/BTC pair, for example, if you wish to purchase Bitcoin while holding US dollars.

• Step 3: Write down the amount you wish to buy and double-check your order. When you're satisfied with the deal, click the “purchase” button. Following that, the order will be executed, and your portfolio will be updated.

How to Sell Cryptocurrency on Eightcap

The process of selling cryptocurrency is comparable to the process of purchasing them.

Here's a step-by-step instruction to selling coins using Eightcap.

• Step 1: Go to the trading interface and choose the coin you want to sell.

• Step 2: After that, enter the amount you wish to sell in the appropriate column.

• Step 3: Recheck the order to confirm that all of the numbers are right.

• Step 4: To finalize the transaction, click the “sell” button.

How to Sign Up for an Account at Eightcap

• Step 1: Navigate to the official Eightcap website and choose “Create Account.”

• Step 2: Enter your country of residence, first and last names, email address, phone number, and a secure password. Then, to proceed, select “Create an account.”

• Step 3: You will then get a verification email, which you must click. You will now have access to your dashboard.

• Step 4: Then, submit a photo of your driver's license, ID card, or passport to confirm your identification. Also, send evidence of address in the form of a bank account, phone bill, or utility bill.

• Step 5: Finally, link your bank card or e-Wallet to the platform to make future deposits easier.

Last Thoughts

That brings our Eightcap review to a close; we've covered the platform's primary features and what it has to offer. Eightcap distinguishes itself from the competition with an enhanced user-friendly design that makes it simple to explore the site. Furthermore, the learning area offers excellent market information as well as training on how to use the trading platform.

Furthermore, the trading interface includes several features that assist investors in delivering critical information. Furthermore, the platform is very secure, and users may activate 2-step authentication to provide an additional degree of security.