Bitcoin, Ethereum, Ripple, Litecoin and Dash are now available as assets and can be traded with CFDs against standard(centralized) currencies using MT4 and MT5(and many other trading platforms).
Traders do not need to own or purchase any Cryptocurrency and certainly do not need a “digital wallet” to keep Cryptocurrencies in, which makes them even more secure an asset.
In addition, no fees are charged for “holding” the Cryptocurrency.
Trading Examples on Cryptocurrency
This type of trading allows one to earn, for example, $680 when buying Bitcoin at a price of 4600.00 and selling back at a price of $4634.00 with a minimum account of only $230.
When trading in Cryptocurrency Exchanges one would have to buy at $4600, multiplied by the times an investor would want to “buy” at that coin price, like in “shares” trading.
Cryptos are extremely volatile, any price swing could move, for example, the Bitcoin price, up or down, hundreds of Dollars. Bitcoin price back in January 1st was $997, on September 2nd $4991, today, the 4th, that went down to $4396.
Obviously, despite the potential for gaining large sums profits, the possibility of losing is also equally presented in this environment, and for that reason risk management is crucially important.