Trade cryptocurrency CFDs with Byte Capitals trades
What is a cryptocurrency? A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a decentralised electronic currency. Why trade cryptocurrencies? Cryptocurrencies have the tendency to be particularly volatile, so they provide various opportunities for traders to open positions with big movements. Leveraged trading provides high liquidity, matched with the reputation cryptocurrencies have for being highly volatile, means that trading cryptocurrencies with capital provides greater opportunities in markets.
What cryptocurrencies can be traded with Byte Capitals trades
Byte Capitals offers a variety of cryptocurrencies that can be traded in relation to many different currencies. We offer pairings with the following cryptocurrencies: Bitcoin, Litecoin, Ripple, TRON, Ethereum and many others. Study cryptocurrency price charts with Byte Capitals trades
Investing vs. trading cryptocurrency
There are two options when trading in the cryptocurrency market. You can buy actual cryptocurrency
on exchanges, where you own the underlying asset. This is considered a long-term investment, as you
are waiting for the price to rise significantly before selling.
Alternatively, you can trade cryptocurrency CFDs. A CFD is a popular type of derivative that allows you to trade on margin, providing you with greater exposure to the financial markets. CFDs are a type of derivative so you do not buy the underlying asset itself. Instead, you buy or sell units for a given financial instrument depending on whether you think the underlying price will rise or fall.
When buying cryptocurrency, it is stored in a wallet, but when trading CFDs the position is held in your trading account, which is regulated by a financial authority.
See live cryptocurrency prices here.
Trade cryptocurrencies with leverage Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200
Crypto CFD’s
Trade 24/7 on a wide range of cryptos
Buy and sell cryptos to take advantage of rises and falls in price
No need to setup crypto wallets and private keys
Profit and loss control
You can easily define Stops and Limits to request positions to close at a specified price.
Set up price alerts to be informed of big moves.