What are Cryptocurrencies?
Cryptocurrencies are rapidly becoming more accessible to small private investors without specialist financial or technical knowledge. There are almost 1,000 digital currencies and they are generating massive daily trading volume. They are also being used increasingly for conventional online transactions. Cryptocurrencies are not tied to any national banks or state governments and are traded globally on a 24/7 basis. One reason that cryptocurrencies are popular is that they present few barriers to entry, are inherently volatile, and allow arbitrage and margin trading.
The 10CFDs trading platform instantly connects you to the world’s best established and most volatile cryptocurrencies.
THE BASIC PRINCIPLES OF CRYPTOCURRENCIES TRADING
Here’s an example:
You use leverage to buy 10 Bitcoins at $4,018 per unit. You trade BTC/USD and decide to sell your Bitcoins 10 days later, making a profit of $46,378.80.
How is this possible?
Ten days after you opened your position, Bitcoin was quoted at $4,327.94 (Bid price) to 4,341.60 (Ask price). You originally bought 10 units, paying $40,180. You sold the 10 Bitcoins receiving $86,558.8. You earned a profit of $46,378.80.
Important: You didn’t actually pay $40,180. You used 10CFDs’ leverage and invested only a fraction of the actual value of the trade.
Enjoy Commission Free Trading with low Cost Fixed Spreads
Trading with 10CFDs is commission free and there are no extra fees, hidden charges or penalties. Our fixed spreads are kept as low as possible. We will occasionally adjust spreads during conditions of extreme market volatility, or to allow you to invest more cheaply on particular assets.
Create a Diversified Personal Portfolio with Cryptocurrencies
Successful traders recommend building a diversified personal portfolio, and cryptocurrencies can be a useful high volatility component of any balanced portfolio. The inclusion of assets of different types and risk levels is one of the key principles of risk management.
Below are 10CFDs’ most popular cryptocurrencies:
Use up to x200 Leverage to Open CFD Trades on Cryptocurrencies
10CFDs traders can use one-click trading to access up to x200 leverage on cryptocurrency trades. Leverage allows you to boost the value of your investment and potentially increase your returns in proportion to the leverage used. Visit the 10CFDs Education Center to learn more about trading cryptocurrencies with leverage.
Why Trade Cryptocurrencies at 10CFDs?
10CFDs cryptocurrency traders are backed up by a full suite of risk management tools. Our one-click trading tools include Stop Loss, Take Profit and Order Entry. You can set your parameters for each trade, and then allow them to run, without any need to closely monitor the platform. We will also keep you up to date with all the important financial news, events and market movements that are vital to cryptocurrency traders.
Trade Cryptocurrencies as CFDs
Cryptocurrency CFDs (Contact for Difference) allow you to trade on the cryptocurrency market without the need to actually buy and own coins. A crypto CFD is a simple contract between a buyer and a seller. Typically, the seller will pay to the buyer the difference between the current value of the crypto asset and its value at the end of the contract.
Fixed Spreads & Commission Free Trading!
Enjoy commission free trading with fixed spreads between the buy and sell prices.
Open Leveraged CFD Trades on Top Cryptocurrencies
Use up to x200 leverage to boost the size of your initial investment. Remember that leverage can work both for you, as well as against you, and should be used cautiously.
Can I Trade Cryptocurrencies?
Millions of people worldwide – including professional forex traders – are trading cryptocurrencies. If you are willing to master the basic principles of risk management and fundamental analysis, you can also become a cryptocurrency trader. The 10CFDs online Education Center contains a wealth of learning tools and educational resources, specifically designed for cryptocurrency traders.
Many of 10CFDs veteran cryptocurrency investors began their careers as novice currency traders with no previous experience of the financial markets. The 10CFDs platform gives you the freedom to invest on your own terms, with a level of commitment that suits your budget and goals.
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