Enter the most exciting exchange in the world
What are Cryptocurrencies?
Cryptocurrencies are a form of digital currency that can be used as a standard currency where ever it is accepted.
It is not under the regulation of any government, nor issued by any central bank, and therefore it is entirely decentralized. Even though cryptocurrencies do not enjoy the same kind of stability when compared to regular physical currencies, nowadays people are using them for many different purposes, such as online shopping or with money transactions.
When you trade Cryptocurrencies as CFDs, you are able to enter the cryptocurrency market and open positions on multiple digital assets without the need to purchase anything. What this means is quite simple: all you have to do is to invest on the market performance of the cryptocurrency you decided to trade.
Bitcoin is the most familiar digital currency in the market, being the first ever cryptocurrency that came out. Since then, many other cryptocurrencies have emerged and became a never ending part of more than 1000 digital coins which are available today. Amongst some of the most familiar ones we can find Ethereum, Ripple, Litecoin, Dash and Monero.
As with all trading opportunities that exist in the financial markets, it’s always a good idea to buy low and sell high.
This concept works well also with cryptocurrency trading. Bitky makes it easy for you to trade cryptocurrencies regardless of the size
of your account.
You buy 2 Bitcoins at $11,086.02 per unit (using our leverage). You trade the BTCUSD and after 1 week you decide to sell your Bitcoin units and
earn a profit of $1,896.98. A week after you opened your position, Bitcoin was quoted at $12,034.51 (Bid price) to 12,075.21 (Ask price).
You bought 2 units and paid $22,172.04. You sold the 2 units and got $24,069.02.
You earned $1,896.98.
You didn’t actually buy any Bitcoins or sold any Bitcoins at no point.
All you did was simply using our cryptocurrencies leverage and investing on the market performance of the digital currency pair.
The advantages of cryptocurrencies trading
Even though Cryptocurrency trading is fairly new, it does not differ from any other form of trading. Placing a position allows you to speculate on a future digital currency pair movement by investing a reasonably small amount of capital without the obligation of paying any fees to third parties. As opposed to traditional trading, there is no real need to physically exchange digital currencies.
Alternatively, what you are actually trading on is the price movements of your selected digital currency pair. Being one of the world-leading cryptocurrency trading brokers, we offer you the complete package when it comes to the safety, security and transparency of your online transactions. Some of the most important benefits you get to take advantage of when choosing our trading platform are:
The power of leverage:Maximize your trading with up to 20:1 leverage on our award – winning platform
No fees, Zero commissions:Take full advantage of online Cryptocurrency trading with our guaranteed no fees, no commissions policy
Quick and convenient deposits and withdrawals:Enjoy hassle-free, secured and convenient methods for transferring and withdrawing funds
Fixed low spreads:Get competitive fixed spreads between the “BUY” and the “SELL” prices on all cryptocurrencies
Access to over 40 of the world’s most tradable digital currencies:Trade the most popular digital currencies available in the crypto market
Why trade cryptocurrencies with us?
When you trade Cryptocurrencies with Bitky using our award-winning platform, you are able to experience a unique trading environment like never before. As a transparent and trustworthy broker, we have the opportunity to offer you much more than just state-of-the-art crypto trading technology.
Unleash your complete trading potential with an exclusive access to our insightful trading info section, packed with a detailed explanation about digital currencies, and take advantage of our professional account management and 10/5 customer support.