Why should you trade Cryptocurrency Contracts for Difference (CFDs)?
CFD trading on cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Dogecoin, and others is available on all major trading platforms. Here are some of the reasons why you might consider trading CFDs on cryptocurrency:
No wallet is required- You don’t need to own, store and secure Cryptocurrencies to trade their price movements with CFDs.
Short Selling- Because CFD trading is based solely on price fluctuations, you can buy or sell your crypto CFD based on market conditions. Because cryptocurrencies are volatile investments, the ability to short sell them without limitations might well be profitable.
Leverage- Trade Crypto CFDs with up to 20:1 leverage and capitalize on trade opportunities, especially significant fluctuations.
Security-Security and safety are paramount, and CFDs are regulated products risk-free to trade. Furthermore, because you do not own actual crypto coins, you do not risk losing your Cryptos due to hacking attempts.
A variety of order kinds are available. When trading Crypto CFDs, traders can use a variety of entry and exit order types, such as market orders, limit orders, and take profit and stop orders that are automatically activated. These order types enable traders to capitalize on a variety of market opportunities.