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Just like forex exchanges, there are online crypto exchanges where traders can create an account and start trading various cryptocurrencies. These exchanges, mostly, enable conversion of standard currency to cryptocurrencies and vice versa.
So for example at the time of writing Bitcoins was valued at $9,692.29
That means that you would need $8,692.29 to buy 1BTC + Fees /spread costs
When purchasing a cryptocurrency on an exchange, you will “own” the currency which can either be transferred to your digital wallet or stored at the online exchange.
Trading on exchanges is more suited for investors who are familiar with the cryptocurrency arena and would like to trade the variety of cryptocurrencies.
USE regulated Litecoin CFD brokers When you trade Litecoin CFDs
A couple of years ago, one Bitcoin was worth a little over a hundred dollars. Now, it broke the $18,000 barrier and is growing like a weed.
A CFD is a contract between two parties that speculate on the price movement of an underlying asset – in this case, Bitcoin. These investment derivatives allow you to trade on Bitcoin without having to actually purchase it.
A correct prediction is when you correctly predict which way the price of Bitcoin will move. It must move in a specific direction. All other possible outcomes, including when the price does not change, is considered a loss.
Before deciding to trade on BTC, you will need to understand each market. Usually, the bigger the market, the greater liquidity, depth, and stability. That is definitely true in the case of the Bitcoin market. The relatively small market causes a high level of volatility in Bitcoins prices.
you can open an account today and start trading Bitcoin CFDs, Take advantage of a leverage of 1: 5,