Bitcoin and cryptocurrencies are different asset classes with other characteristics such as Profit-Risk, Liquidity, and Volatility ratios. When trading crypto asset classes as CFDs, the primary difference between them is a matter of leverage.
Many prefer to trade CFDs rather than holding the currency itself because CFDs entail lower commissions in the form of spreads, allowing them to open interim positions and gain even more downward price movements. Another difference between trading the cryptocurrency itself and trading CFDs is that you need capital to buy the former’s currency, which means you can only buy as much as your budget allows. However, with CFDs, you can hold a much more prominent position than the amount of money you might have at your disposal.
Trade Cryptocurrencies with Leverage Trade cryptocurrencies with up to 1:2 leverage. You can start with as little as £100 to gain the effect of £200 capital! View our cryptocurrencies. What is a Cryptocurrency? Cryptocurrencies (Crypto) are virtual currencies that typically use a decentralized network to secure financial transactions. With a CFD trading platform, you can trade Crypto CFDs – such as Bitcoin, Ripple XRP, Ethereum, and more – by speculating on their price movements without actually owning them. What are the benefits of Crypto CFDs? There is no need to have an exchange account or use a unique wallet! 2 Trade in any direction – Selling is just as accessible as Buying. Available 7 days a week, 24 hours a day!
- Control your Earnings and Losses. Price alerts and Stops, such as Stop Loss and Trailing Stop, will help control your risk when trading on these remarkably volatile instruments.
.1 You can trade cryptocurrencies CFDs around the clock and on weekends
. 2. You do not own or have rights to the underlying assets.
Trade CFDs on popular cryptocurrencies, including bitcoin, ethereum, and litecoin, as well as our unique range of crypto indices. Create an account. Digital currency CFDs are extremely high-risk derivative products, and the volatility of digital currencies and leverage could lead to significant losses.