BTCUSD is the pair that connects Bitcoin – the world’s leading cryptocurrency – with one of the world’s most influential fiat currencies: US dollar. 2021 saw institutional money pour into crypto assets such as Tesla and Visa investing significantly into them, fuelling rapid market growth.
Currency traders looking to profit from Bitcoin trading opportunities will find Bitcoin an exciting and promising addition.
Cryptocurrency CFDs
If you want to profit from the price changes of Bitcoin BTCUSD and other cryptocurrencies without owning them, trading cryptocurrency CFDs may be your answer. While buying an actual coin requires you to store it safely in a wallet, whereas trading CFDs allows for speculation without owning physical coins themselves.
As our selection of cryptocurrencies available for trading offers you access to price movements such as those seen with Litecoin LTCUSD, Ripple XRPUSD and Ethereum ETHEREUM USD among many others, you can profit from their price action. Plus our market hours mean you have 24/7 access to our crypto CFD markets; shorting positions enables you to make profits as the price of an asset falls. Unlike futures trading CFDs offer greater leverage than traditional spot trading; opening one with just $100 can open an initial CFD position!
Investing
Investing in Bitcoin can be profitable, but not without risk. To protect yourself against potential loss it’s wise to diversify your portfolio and only commit the amount that can afford to lose. Staying informed on Bitcoin and related cryptocurrencies may also prove helpful.
Bitcoin and other digital currencies have given rise to revolutionary financial technologies with far-reaching effects, garnering attention from investors including major institutions.
Cryptos differ significantly from stocks in that they are unprotected against exchange failure or theft, so investors must carefully consider the risks before selecting an exchange with trustworthy reputation and high transaction fees. It is also recommended to only invest with secure computers connected to private networks; public computers could expose you to malware which could wreak havoc with your investment portfolio. Furthermore, investing in Bitcoin and other cryptos might not be covered by securities Investor Protection Corporation which protects traditional stock brokerage accounts up to $500,000. This difference makes investing with cryptos even riskier!
Trading
BTCUSD brings together one of the world’s premier cryptocurrencies with one of the world’s leading fiat currencies to show how many US dollars (quote currency) it takes to purchase one Bitcoin (base currency). Investors hope that widespread adoption and blockchain technology can help overcome some regulatory headwinds it’s currently facing.
Trading BTCUSD is easy and hassle-free — all that is necessary for trading is an account at a centralized crypto exchange with KYC-compliant Know Your Customer documents, valid payment method on the platform (such as bank accounts) as well as secure internet connectivity and a digital wallet to store your bitcoins safely outside the exchange.
BTCUSD can be traded 24/7/365 (with the exception of maintenance times on the exchange). Leverage allows you to lower capital requirements while increasing trading rewards; simply increase the size of your trades relative to your account balance.
AvaTrade
AvaTrade’s MT4 platform makes trading cryptocurrency straightforward for traders. They have access to technical analysis tools including indicators and trading strategies; plus they’ll receive regular market news updates via daily strategy newsletters and morning briefings.
The broker provides various account types designed to meet a range of trader needs, from beginners and seasoned traders alike, such as its Standard account. Furthermore, there is also the Pro account with additional features for more experienced traders.
AvaTrade allows traders to deposit funds using credit or debit cards, e-wallets like Skrill and Neteller, wire transfers and segregated accounts that protect client funds from operational use by remaining secure against company financial issues. Furthermore, AvaTrade provides a free demo account so traders can practice trading before making real-money investments.
