Question: How can I sell BTCUSD when I don't even have a Bitcoin or any Crypto-currencies?
When you see the symbol “BTCUSD”, it is most likely representing the price in USD which you need to purchase a Bitcoin.
As it is a margin trading, trading BTCUSD doesn’t send you actual Bitcoin and you can own one.
Margin Trading of CFD products like BTCUSD gives you an opportunity to:
- Earn profit by the difference of prices
- Leverage your trades to boost your purchase power
You can buy or sell at anytime as long as there is enough liquidity to complete your order.
You do not need to own a Bitcoin or other Crypto-currencies for “Margin Trading”, but you can fund your account with the methods accepted by your broker or exchange.
