Why Trade Cryptocurrency CFDs?

Trading cryptocurrencies via CFDs (Contracts for Difference) is a new way to trade this volatile market. Today Markets offers cryptocurrency CFDs in major assets like Bitcoin, Bitcoin Cash, Litecoin and Ethereum, for positions against the US Dollar.

Bitcoin (BTC)

  • Bitcoin is the digital currency with the largest market capitalisation and price levels since its inception in 2008.
  • It dominates 50% of the total crypto market cap.
  • The highest that Bitcoin price has ever reached was in December 2017, when it hit the $19,783 mark.
  • The currency might reach much higher price levels in the future and rise the bitcoin CFD trading, or it can also drop down.

Litecoin (LTC)

  • Similar to Bitcoin, LTC differs in terms of scalability.
  • It takes roughly 2.5 minutes to mine a block, as compared to 10 minutes for Bitcoin.
  • Litecoin is definitely one of the most popular altcoins out there.
  • The cryptocurrency Litecoin (LTC/USD) is a fork of Bitcoin (BTC/USD), as its developers copied Bitcoin’s code, made a number of alterations to it and launched a new project.

Bitcoin Cash (BCH)

  • Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules.
  • Bitcoin Cash was created as a result of counteracting a prolonged Bitcoin scalability problem.
  • It works by switching from the main Bitcoin blockchain to a new version, the software now has capacity for a larger number of transactions (by eight megabytes to be exact).
  • Fulfills the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. The future shines brightly with unrestricted growth, global adoption, permission less innovation, and decentralized development.

Ethereum (ETH)

  • The second largest cryptocurrency after Bitcoin.
  • It allows developers to create smart contracts on the platform.
  • Ethereum has gained massive popularity over the years, due to its involvement in multiple blockchain projects.

An Example of Leveraged Cryptocurrency CFD Trading

Suppose you want to trade CFDs, where the underlying asset is the BTC/USD a Cryptocurrency, also known as BITCOIN. Let us suppose that the BTC/USD is trading at:

You decide to buy 1 digital coin of BTC/USD because you think that the BTC/USD price will rise in the future. Your margin rate is 50%. This means that you need to deposit 50% of the total position value into your margin account.

 

Now, in the next hour, if the price moves to 29789,76 / 29799,76, you have a winning trade. You could close your position by selling at the current (Bid) price of USD 29789,76

 

Now, in the next hour, if the price moves to 29789,76 / 29799,76, you have a winning trade. You could close your position by selling at the current (Bid) price of USD 29789,76

 

Success stories of a few customers