What are cryptocurrencies?
Cryptocurrency CFDs (Contract for Difference) offer a possibility to trade on the cryptocurrency market without the need of owning any coins at all. A crypto CFD is a contract between the buyer and seller, where typically the seller will pay to the buyer the difference between the current value of the crypto asset and its value at end of the contract.
By the end of 2016, more than 700 digital currencies were introduced and co-existed. Bearing that in mind, it came as no surprise that during 2017 the total trading volume of the digital currency market has reached $98,352,688,563. This phenomenal sum is even more astonishing when considering the simple fact that this market started only 8 years before. A big advantage of digital currencies is that they are not tied to a specific country or bank, therefore allowing them to be liquid not only during traditional trading hours, but also throughout weekend and holidays, allowing people to trade on them 24/7*.
Get instant access to the most popular cryptocurrencies available directly on the Finbitex trading platform: Bitcoin, Ethereum, Litecoin, Dash and Ripple. Trade the hottest financial market’s instrument, that gained over ~1500% from the beginning of 2017.
You buy 5 Bitcoins at $19,655.23 per unit (using our leverage). You trade the BTCUSD and after 1 week you decide to sell your Bitcoin units and earn a profit of $557.05. A week after you opened your position, Bitcoin was quoted at $19,655.23 (Bid price) to 19,766.41 (Ask price). You bought 5 units and paid $98,276.15. You sold the 5 unite and got $98,832.05. You earned $555.90.
You didn’t actually buy any Bitcoins or sold any Bitcoins at no point. All you did was simply using our cryptocurrencies leverage and investing on the market performance of the digital currency pair.
Advantages of crypto trading
Crypto trading is relatively new, but not different than most other forms of trading. Opening a position enables you to speculate on future digital currency pair movements through investing a reasonably small amount of capital and without paying fees to any third parties. Unlike traditional trading, there is no actual need to physically exchange digital currencies. Instead, what you are trading on is the price movements of your selected digital currency pair.
Leverage enables you to gain a large exposure to any financial market with only a small amount of your capital. By doing so, you are able to increase your overall profits only because they are based on the total investment amount of the position.
When trading in Cryptocurrencies, you have an opportunity to profit from both the rising and falling of ICOs prices. On top of that, this market’s never-ending liquidity guarantees reliable pricing at all times, including in high volumes and enables you to take advantage of the tightest possible spreads.
You can diverse your overall investment portfolio and control it by setting the stop loss/take profit parameters on your open positions. Doing so will automatically close any open position you have in the event that the price either drops/rises beyond a predetermined level.
- No intermediary, no commission
- One-click trade execution
- Effective risk management tools
- Fixed spreads
- 24/7 availability
- Fully secured and transparent
Why trade crypto with Finbitex?
Trading Cryptocurrencies with Finbitex lets you enjoy a complete trading experience like never before.
As a well-established broker, we have the privilege to offer you much more than just cutting-edge crypto trading technology. Unleash your full market potential with an all-inclusive access to our insightful trading info section, packed with a detailed explanation about digital currencies, professional account management and 24/7 customer support.
The benefits of Finbitex:
- Ground-breaking platform
- Trade on more than 40 Cryptos
- No commissions or hidden fees
- Competitive spreads
- 100% safe & secure
- 24/6 dedicated support
Trade the world’s most popular digital currencies