If you’re new to bitcoin trading, there’s a good chance you are yet to hear about bitcoin CFDs. CFDs (Contracts for Difference) are financial derivatives that enable you to bet on the price development of an asset, such as stocks, bonds, or bitcoin.
In this guide, you will learn what bitcoin CFD trading is and discover a list of the best crypto CFD trading platforms that you could use in 2019.
What is CFD Trading?
CFD (Contract for Difference) trading is a way to trade digital assets without actually owning any. It’s a great way to trade bitcoin and altcoins without getting into the technical aspects of holding a digital coin.
When you trade using CFDs, you don’t have to mess with backing up your personal keys, owning a wallet, or any of the other components of bitcoin that many people find intimidating or complex. It also eliminates some of the risks associated with holding bitcoin.
With a CFD, you’re buying a particular asset, like bitcoin, at a given price. From that point, the price moves up or down. Once the valuation of bitcoin hits the level you want, it’s time to conclude your contract. You receive the difference between the price at the end of the contract and the price at the beginning.
So, if you started your contract when bitcoin was worth $8,000 and ended the contract when it was $9,500, you’ve made $1,500 on your bitcoin CFD.
Top Bitcoin CFD Trading Platforms for 2019
One of the challenges with using a CFD platform is finding the right one. How do you know which one is best for you and what you need? Here’s our breakdown of five leading bitcoin CFD trading platforms available in 2019. Continue reading...