Crypto CFDs Trading Conditions
| Symbol | Minimum Spread | Average Spread | Pip Value | Min price movement | Contract Value |
|---|
|
ADAUSD
Cardano vs USD
|
0.003 | 0.0032 | 10.00 | 0.0001 | 10000 USD |
|
BCHUSD
Bitcoin Cash vs USD
|
2.5 | 2.6 | 10.00 | 0.01 | 10 USD |
BTCUSD |
16 | 16.2 | 10.00 | 0.01 | 1 USD |
|
ETHUSD
Ethereum vs USD
|
2 | 2.2 | 10.00 | 0.01 | 10 USD |
|
LTCUSD
Litecoin vs USD
|
0.3 | 0.31 | 10.00 | 0.01 | 100 USD |
|
SOLUSD
Solana
|
0.2 | 0.22 | 10.00 | 0.001 | 100 USD |
|
XRPUSD
Ripple
|
0.003 | 0.0032 | 10.00 | 0.0001 | 10000 USD |
| Symbol | Minimum Spread | Average Spread | Pip Value | Min price movement | Contract Value |
|---|
|
ADAUSD
Cardano vs USD
|
0.003 | 0.0032 | 10.00 | 0.0001 | 10000 USD |
|
BCHUSD
Bitcoin Cash vs USD
|
2.5 | 2.6 | 10.00 | 0.01 | 10 USD |
|
BTCUSD |
16 | 16.2 | 10.00 | 0.01 | 1 USD |
|
ETHUSD
Ethereum vs USD
|
2 | 2.2 | 10.00 | 0.01 | 10 USD |
|
LTCUSD
Litecoin vs USD
|
0.3 | 0.31 | 10.00 | 0.01 | 100 USD |
|
SOLUSD
Solana
|
0.2 | 0.22 | 10.00 | 0.001 | 100 USD |
|
XRPUSD
Ripple
|
0.003 | 0.0032 | 10.00 | 0.0001 | 10000 USD |
Understanding
Cryptocurrency CFDs
Cryptocurrencies, also called crypto, are a type of digital asset that can be owned and traded. They are unique due to their presence on a ledger called a blockchain, which keeps them from being endlessly duplicated. This creates scarcity, which is one of the required attributes for valuable assets.
The first cryptocurrency to be introduced to the world was Bitcoin in 2008 and has since grown to be one of the most valuable assets on earth. Many other cryptocurrencies have also been introduced, and all are traded 24/7. Cryptocurrencies bring value to holders due to their anonymity, decentralization, and immutability.
With crypto CFDs, traders can speculate on the prices of various crypto markets without having to go through the complex process of owning the asset and managing crypto wallets. Furthermore, traders can hold leveraged positions in the crypto market, amplifying profits as well as losses, providing traders with more choices. Take advantage of opportunities in the crypto market with EC Markets crypto CFDs!
Register
Why Trade Cryptocurrencies With EC Markets
Harness Volatility for
Swift Profits
Cryptocurrencies experience
massive amounts of volatility,
which create opportunities to trade the markets.
Increase Market
Exposure
Holding leveraged positions
enables traders to hold larger
positions in the market relative
to the capital risked.
Participate in the
Market 24/7
Cryptocurrency markets don’t
close and are traded all around
the world 24/7. Seize
opportunities whenever they
present themselves.
Profit in Both Rising and Falling Markets
Trade Cryptocurrency CFDs with the flexibility to profit from upward or downward price movements.
Trade CFDs on:
Cryptos CFD FAQ
A crypto CFD is a “Contract for Difference” based on a cryptocurrency. “Contracts for Difference” (called CFDs) are financial derivative products where the buyer and seller settle the difference in price of an asset between the buying and selling time. For cryptocurrency CFDs, the underlying assets are cryptocurrencies.
For traders, what this means is that they can use a crypto CFD to speculate on a crypto market without needing to go through the complex process of actual cryptocurrency purchasing and ownership. Additionally, traders can profit from both rising and falling markets.
Cryptocurrencies are digital assets that investors can own, and they are unique due to their presence on a ledger called a blockchain, which keeps them from being duplicated and spent more than once. They are highly regarded for speculation due to the rapid growth of popular coins like Bitcoin and Ethereum.
Cryptocurrency CFDs, however, are financial derivatives that are based on the underlying cryptocurrency asset, where traders and brokers settle the difference in the price of the cryptocurrency between the buy and sell time.
These cryptocurrency CFDs give traders the ability to take advantage of opportunities in the crypto market without having to go through the complex process of cryptocurrency ownership. Furthermore, they enable traders to utilise leverage, which gives traders the ability to hold larger stakes in the market relative to the capital invested, which increases both profits and losses.
There are two main ways to get into the cryptocurrency market. The traditional way is to register an account with a cryptocurrency broker, complete their KYC procedure, and then deposit fiat currency (traditional government-issued money) into your account. After that, you can buy and sell the various cryptocurrencies supported by the platform. Additionally, to make investments more secure, it’s generally advisable to store long-term investments of crypto in an offline wallet.
This traditional route requires a trader to learn many different aspects of cryptocurrencies including wallets, keys, and how blockchain transactions work.
An alternative way, often considered more straightforward, is to use cryptocurrency CFDs, where a trader can simply register an account, deposit funds, and start trading immediately.
Crypto day trading is the process of buying and selling crypto with the intention of holding it for only a short period of time in order to take advantage of rapid price movements. Crypto day trading can be done via a spot trading cryptocurrency broker or with cryptocurrency CFDs.
Crypto margin trading is when a trader holds a stake in the crypto market on margin. This means that the stake you control is more than the initial investment, and that the subsequent amount has been lent to you (usually by a broker). For example, if a cryptocurrency is trading at $100 dollars and goes up to $110 dollars, then an investor has made $10 profit. However, if they’re margin trading crypto with a margin of 20 to 1, they’ll hold a stake of $2,000, which means their profit would be $200 dollars, while still only risking the same amount ($100). It’s important to keep in mind that with margin trading, although profits are amplified, so too are losses.
[latest tag=Cryptocurrencies]