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What are Cryptocurrencies and why to trade CFDs on Cryptocurrencies
A cryptocurrency is a digital coin, designed to be transferred between people in virtual transactions. Cryptocurrencies exist only as data and not as physical objects; you cannot actually hold a Bitcoin in your hand or keep Ethereum in your safe.
We offer all traders the opportunity to trade a wide range of top-ranked digital coins 24/7 via CFD. Usage CFDs allows to conduct very fast transactions, which is useful for such a dynamic market.The main purpose of this new technology is to allow people to buy and trade via CFD without having to rely on banks or any other financial institutions.
CFDs are financial derivatives which are conducted as agreements (contracts) between a trader and a company. When a Company has an agreement, it does not own the underlying asset, instead, a Company possess the right to receive the difference between the current value of an asset and its value in the future.
BTC Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
ETH Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
LTC Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin.
XRP Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Ripple is built upon a distributed open source internet protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks."