Bitcoin is the very first digital currency in the world and its popularity continues to grow particularly among traders and crypto enthusiasts due to its volatile nature which makes it an ideal financial instrument for CFD trading.
Think we’re exaggerating? Just look at this latest graph showing the price movement of this altcoin for the past few years:
The thing is…
Most people are only familiar in buying/selling of BTC on digital exchanges and are not aware of this other opportune option that is CFD (short for contracts for difference).
In this article, we’ll further discuss its advantage and how you can participate in this form of investment.
Keep on scrolling!
Here’s the deal:
If you want to add this cryptocurrency to your financial trading portfolio then you need to find a brokerage that offers BTC on their platform.
And the good news is…
Majority of brokers these days have crypto assets but if you really want to maximize your potential profits then you need to find a reliable and regulated brand like AvaTrade.
If you want to learn more about this broker, we recommend that you read our in-depth review.
You might also want to watch this short introductory clip about cryptocurrencies presented by this broker:
Experience Seamless Trading with AvaTrade
First of all…
It only takes a few steps to trade Bitcoin (BTC) CFDs.
And the process is pretty simple:
Just open a trading account, make a deposit from as little as $100, choose a Bitcoin contract and begin trading.
It couldn’t be easier.
You can invest on this asset both on the MetaTrader 4 and MetaTrader 5 platforms 24 hours a day!
But here’s the interesting thing:
You will be able to trade BTC against not just the US dollar (BTC/USD) but also the Euro (BTC/EUR) and the Japanese yen (BTC/JPY).
You see, most brokers that offer Bitcoin CFD trading only on the US dollar so this diversity gives traders the opportunity to explore other popular crypto-to-fiat currency pairs.
Best of all…
You will be able to place your buy/sell positions on this cryptocurrency minus the following:
- Zero commissions
- Bank fees on transactions
How can you actually use this?
By using AvaTrade’s leverage of up to 1:20 for crypto assets, you will be able to get far more exposure to invest on Bitcoin and the other digital coins that are available on their platforms.
So let’s say you made a minimum deposit of $100 into your account. With 1:20 leverage, you will be able to gain the effect of $2000 on your capital.
Better Risk Management
Utilizing the stop loss and take profit limits, you will be able to set your risk amount or set a specific value of the profit that you want to take so the platform will automatically trigger the specific actions based on the presets that you made.
The AvaTrade platform also has future orders like Buy Stops and Buy Limits.
Interested to Trade Bitcoin?
Now that you know how to get involved in trading Bitcoin, there’s just one more crucial step to take.
Register now with AvaTrade and start going long or short on your BTC trades!
So how do you begin?
Just click on the button below and you’ll be taken to AvaTrade’s Bitcoin trading page!
However, please do note to always manage your risk.