Your capital is at risk.
Think that you’ve missed the Bitcoin boat and it’s too late?
Not at all because the next golden opportunity is just around the corner.
And may we remind you:
There are still plenty of opportunities REGARDLESS of the market conditions!
If you want to know what it is then better continue reading this article.
eToro (click here to read our full review) provides a user-friendly trading platform where you can on popular cryptocurrencies like Bitcoin.
This rising digital currency offers many opportunities and you can do so via a financial instrument called a CFD or contract for difference which this established and licensed brokerage is offering.
Best of all…
You can execute a buy or sell position based on the cryptocurrency actual price in a matter of seconds.
Trading Bitcoin CFDs Online
If you’re looking for the simplest and safest way to buy and sell this popular digital currency then trading Bitcoin contracts for difference (CFD) is the best choice.
To give you a brief 101:
CFDs are financial derivatives in which you are setting an agreement (hence the term contract) with a brokerage company or service provider.
In this contract, you earn the right to receive the difference between the current price of a financial instrument (in this case, Bitcoin) and its future price at the the you close the contract.
Now here’s the deal:
There are only 2 possible outcomes in this contract:
So how does it work?
Rather than actually purchasing Bitcoins (which would initially require you to open a wallet with a digital exchange), you can trade immediately and simply speculate on their value like a forex or currency pair.
If you believe that the price of this cryptocurrency will rise against the US dollar, then you need to buy let’s say 5 contracts of BTC/USD at 2690.
If the price of this pair rose to 2720 and you decided to close your position then you have made 2720 minus 2690 for every contract.
A total profit of $150 for your 5 contracts!
The logic is as simple as that.
Copy the Trades of Successful Traders
The advanced social trading platform lets you copy the portfolio of top performing Bitcoin traders and even discuss with them about the strategies that they use.
And great thing about it is:
It has a large number of users who are investing not just in this popular asset but other cryptocurrencies like Ethereum, Ripple and others.
It’s one of the primary reasons why even novices are able to make a profit because not only will you be able to learn from the experts but you will also be able to duplicate their trading strategies.
How can you actually use this?
All you have to do is find a successful Bitcoin trader and set your account to copy their future trades with customized parameters giving you full control over your portfolio.
eToro’s Bitcoin Trading and Risk Management Tools
You can increase your investments trading power by taking advantage of the leverage and protect your positions with the help of the advanced risk management tools.
There’s also a free demo account loaded with a $100,000 virtual balance and this is where you can completely explore the platform if you’re a beginner or and put your trading strategies to the test.
Interested to Trade Bitcoin?
So are you ready to invest in Bitcoin on eToro’s social trading network?
Now is the perfect time!
You can trade on this cryptocurrency right now with this trusted and regulated CFD service provider.
Click on the button below and we’ll take you straight to their Bitcoin trading page!
And always remember:
Keep track and manage risk at all times.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.