What is Cryptocurrency?
Cryptocurrency is a digital currency that is traded between individuals and businesses on the Internet. It is fully decentralized, meaning that it does not belong to central banks, governments or financial institutions. Instead, it is an intangible electronic currency that gets its value from everyday people. Since Cryptocurrency remains in a data format, it is visible to anyone, at any time on the blockchain ledger.
When trading a Cryptocurrency as a CFD (Contract for Difference), the trader has the ability to trade on the cryptocurrency market without the need to purchase any digital currencies. While Bitcoin is considered as the most popular digital currency in the world, there are several others that have gained tremendous momentum during the past year, such as Ethereum, Ripple, Litecoin, Dash and Monero.
Many people today believe that Cryptocurrencies are the hottest investment opportunity that’s currently available. There are many stories about complete strangers who became millionaires through a single Cryptocurrency investment. For instance, Bitcoin is the most recognizable digital currency in the world, and just last year it was valued at $800. In November 2017, the price of one Bitcoin surpassed $7,000.
As with all trading opportunities that exist in the financial markets, it’s always a clever idea to buy low and sell high. This concept works well also with cryptocurrency trading. PHOENIX BROKAGE makes it easy for you to trade cryptocurrencies regardless of the size of your account. All you’ve got to do is simply follow macroeconomic indicators, market news reports and daily analysis reports, act on market movements and profit accordingly.
Get immediate access to the cryptocurrency market and trade the most popular digital currencies available on PHOENIX BROKAGE intuitive next-generation trading platform.
Why trade cryptocurrencies?
There are many different reasons as to why you should get involved in the cryptocurrency market. For starters, these digital currencies are considered as the hottest financial commodity to hit the online trading scene in the last year and have recently tremendously exploded in popularity. The absence of regulation for cryptocurrencies has led to high volatility in this market and it is possible to generate substantial profits in a relatively short time.
Furthermore, the unpredictability of cryptocurrency is something very exciting for most
traders. Adding to that the new reality, where cryptocurrencies like Bitcoin are making financial transactions more open and accessible to everyone around the world, while others are trying to solve different issues, the future of many things directly connects to these digital currencies.
All-in-all, trading cryptocurrencies is all about taking advantage of all these facts and reasons and use them smartly in your investments, while doing so with patience and sticking to
You buy 2 Bitcoins at $11,086.02 per unit (using our leverage). You trade the BTCUSD and after 1 week you decide to sell your Bitcoin units and earn a profit of $1,896.98.
A week after you opened your position, Bitcoin was quoted at $12,034.51 (Bid price) to 12,075.21 (Ask price). You bought 2 units and paid $22,172.04. You sold the 2 units and got $24,069.02. You earned $1,896.98.
You didn’t actually buy any Bitcoins or sold any Bitcoins at no point. All you did was simply using our cryptocurrencies leverage and investing on the market performance of the digital currency pair.
What are the main advantages of trading
cryptocurrencies with PHOENIX BROKAGE?
Being one of the world-leading cryptocurrency trading brokers, we offer you the complete package when it comes to the safety, security and transparency of your online transactions. Some of the most important benefits you get to take advantage of when choosing
our platform are:
The power of leverage
Maximize your trading with up to 20:1 leverage on our award-winning platform
No fees, Zero commissions
Take full advantage of online CFDs trading with PHOENIX BROKAGE guaranteed no fees, no commissions plan
Quick and convenient deposits and withdrawals
Enjoy hassle-free, secured and convenient methods for transferring and withdrawing funds
Fixed low spreads
Get competitive fixed spreads between the “BUY” and the “SELL” prices on all cryptocurrencies
Access to over 40 of the world’s most tradable digital currencies
Trade the most popular digital currencies available in the crypto market
Who can trade Cryptocurrencies?
Needless to say, anyone can trade cryptocurrencies. As both developed as well as developing countries are legalizing and regulating the usage of cryptocurrencies, it is already considered as a common and accepted form of online investment with more and more people joining in the action every single day.
Because cryptocurrencies are readily available to the general public, everyone can make use
of them, and investors from all over the world have easy access to them. Thanks to PHOENIX BROKAGE platform, it is very convenient to take part in this type of derivative trading and there is no
need for any previous knowledge or experience in order to get started.
- Ground-breaking platform
- Trade on more than 40 Cryptos
- Quick and convenient deposits and withdrawals
- 100% safe & secure
- 24/6 live support
How to win the challenge
Contest participation is absolutely free for all cointeck traders. Once your trading account has been funded, you immediately qualify for automatic entrance. The trader with the highest contest score wins. The contest score is compiled from the total amount of your closed trades multiplied by your account type weight.
Therefore, the more you’ll trade - the greater your winning chances are!