BTCUSD represents the pairing of Bitcoin with USD, making it one of the most widely-traded crypto trading instruments.
Investors have taken an interest in digital coins like BTCUSD that represent decentralisation and financial independence, yet investors must remain mindful of potential regulatory bodies which could pose threats to its price.
Cryptocurrency CFD
Cryptocurrency has quickly become the darling of the trading world over recent years and appears to be here to stay. Bitcoin CFDs enable traders to speculate on its price without actually owning any actual bitcoins; profiting from price movements through derivative contracts.
Traders can go long by opening positions that predict an increase in digital currency price or short by anticipating its decrease. This provides greater flexibility and access than directly purchasing cryptocurrency as it eliminates the requirement of finding sellers or buyers on exchanges.
Like all financial markets, trading Cryptocurrency CFDs carries risks that could exceed your deposit. But by employing effective risk management strategies you can limit exposure and maximise returns; including stop-loss orders and hedging. Overnight funding charges apply on open positions at 10pm (UK time); unfortunately this product is not currently available to US citizens.
Cryptocurrency Trading
Cryptocurrency trading provides traders with an exciting way to make substantial profits with leverage, but it’s essential that traders understand their inherent volatility and utilize an appropriate risk management strategy when trading these digital coins.
As cryptocurrency is still young, prices can be extremely volatile and fluctuate dramatically. To reduce their risks and to prevent losses, traders should only trade cryptocurrency through an established broker that offers secure deposit and withdrawal methods such as ACH, Express Funding or wire transfers.
Looking for a broker that stores most of its customer funds in cold storage can also reduce risk of hacking or theft, and allow users to whitelist exchange wallet addresses is another beneficial feature which prevents hackers from accessing cryptocurrency balances if a site becomes compromised. In addition, brokers that provide an integrated platform for CFDs on digital assets provide traders with additional trading tools designed to enhance their experience and optimise trading outcomes.
Invest in Cryptos
Cryptocurrencies offer investors immense returns, yet investing in them comes with considerable risk. Investors should only purchase cryptocurrency with money they can afford to lose and bear in mind that unlike securities, cryptocurrency investments are unregulated and do not come with protections against loss.
To begin trading Bitcoin BTCUSD, you’ll require both an exchange account and digital wallet to store your investments. When ready, place an order to buy cryptocurrency by entering both price and quantity you would like. When your order meets one from another seller on an exchange platform, trading will occur and your cryptocurrency will arrive in your wallet. You may also invest indirectly by buying ETFs that hold stocks from companies involved with cryptocurrency – this way diversifying portfolio without making direct investments directly. No matter your strategy for investing cryptocurrencies directly – always do your research prior to investing; seek advice from professionals or consulting financial advisors prior to investing any direct investments!
Trade Cryptos with AvaTrade
Trade your preferred cryptocurrencies safely and securely on the world’s premier trading platform, AvaTrade. Our secure trading environment is supported by 7 regulators and segregated accounts to guarantee that your funds remain safe at all times.
Contrary to crypto exchanges that require complex registration and verification processes to protect users’ investments, AvaTrade offers a straightforward account opening process that can be accomplished in under an hour. The minimum deposit for AvaTrade accounts is 100 units of your chosen currency, and multiple deposit/withdrawal methods are accepted by this broker.
As part of AvaTrade’s KYC laws and to protect their customers’ investments, verification requires uploading ID and proof of address documents. AvaTrade supports 38 languages via phone, live chat and email support services and offers deposit and withdrawal methods (such as e-wallets) plus account protection through Ireland’s Investor Compensation Company (ICCL), something many cryptocurrency exchanges cannot provide.
