What is Crypto Trading?
Over the last few years, crypto trading has grown exponentially offering a wealth of trading opportunities. So, what is crypto trading?
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Cryptocurrencies have really shaken the financial markets and have grown in popularity and use over the last decade. Cryptocurrencies are virtual or digital forms of money that can be used in order to pay for services and products. Initially, digital currencies were developed as an alternative to government-issued fiat currency, such as the US dollar and the Japanese yen, yet over time, they have evolved and are being used for many other purposes.
The most popular digital currency is obviously Bitcoin (BTC), yet other well-known alternatives include Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH).
At BvisionFx, you can trade a wide choice of cryptocurrency CFDs. With a CFD, you are not actually purchasing a digital currency. Instead, you are simply making a prediction regarding the direction that the price of the crypto will move. This can be either up or down and as such, you can even make money in a falling market.
Cryptocurrencies are traded like forex. That is, you can trade one crypto against another in a pair or you can trade a currency pair that is made up of a fiat currency and crypto. The time to get into the crypto trading action is now so sign up with BvisionFx and make your trade.