What is Cryptocurrency?
The phenomena of cryptocurrency has been present from the start of the 2000s. Bitcoin was the pioneering crypto, created by an anonymous programmer (or group of them), using the name Satoshi Nakamoto. Bitcoin, a crypto, and digital payment system was presented to the world as open source software in 2009.
Against the US dollar, Bitcoin (BTCUSD) experienced a sharp climb over the previous months, going over the $1,000 level and staying around the $2,800 level from May 2017. Cryptocurrencies arrive in lots of shapes and sizes. On PlusMarkets we at the moment provide Bitcoin, Ethereum, Litecoin, Ripple and Dashcoin Contract for Difference trading against the USD.
How to trade Cryptocurrencies
Trading crypto usually focuses on price speculation, instead of owning some of the actual cryptos. Due to the fact that in brokerages you can trade on demo account before trading on a live, brokerages providing Contracts for Differences are usually a simpler entry point for novices, than the alternative of purchasing real currency through an exchange.
PlusMarkets cautions traders that CFDs trading on Cryptocurrencies comes with a hefty risk and may lead to losses of a whole investment particularly in a short timespan as the worth of a virtual currency may vastly shift. It is highly proposed that one doesn’t invest funds they can’t afford to lose so as to steer clear of hefty financial issues if a loss occurs. Please be confident you defined the cap risk that you find tolerable. You may read additional information concerning risk connected to trading Contracts for Difference on Cryptos on the Legal Documentation part of the web page – read thoroughly as to make sure that you completely comprehend the risks that come with with trading CFDs on Cryptocurrencies and the chance to end up losing the total of the invested capital.
Please be advised that PlusMarkets has no responsibility for the outcomes and the possible losses of your trading in Contracts for Difference on Cryptocurrencies.