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Cryptocurrencies
Speculate on the most popular cryptocurrencies without the need for an exchange account.
What is Cryptocurrency?
Bitcoin, the first cryptocurrency appeared in 2009, the birth child of a programmer (or group of programmers) going by the name Satoshi Nakamoto. In fact, the smallest unit of a Bitcoin, equivalent to one millionth of a BTC is called a Satoshi.
The first real-world purchase made with Bitcoins was in May 2010 in Florida, with Laszlo Hanyecz buying two pizzas for 10,000 BTC, equivalent to over $86,000,000 at today's prices. We can only hope it was a terrific pizza!
Bitcoin broke the $19,000 barrier in 2017 and has since then hovered around the $8,000 - $12,000 range.
While Bitcoin was the ground-breaker, since its introduction, hundreds of Cryptocurrencies have made an appearance, some more exotic than others.
TradeGM traders have access to CFDs on Bitcoin, Ethereum, Litecoin, Ripple, and Dashcoin.
How to trade Cryptocurrencies
While buying cryptocurrencies is a complicated process, calling for an exchange account and a secure wallet to store them, trading Cryptocurrencies with TradeGM is as simple as any of our other asset classes and doesn’t require any exchange accounts or wallets.
Trading is done on the award-winning MetaTrader 4. As with our other instruments, Cryptocurrencies are traded with leverage.
Trading Cryptocurrencies with TradeGM can be Long or Short. No matter what your view of the market is, you can trade.
TradeGM warns you that trading CFDs on Cryptocurrencies carries a high level of risk and can result in the loss of your whole investment especially within a short period of time as virtual currencies values can widely fluctuate.
It is highly recommended that you do not invest money that you cannot afford to lose in order to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself. You can find more details about risk related to trading CFDs on cryptocurrencies on the Legal Documentation section of the website, read carefully in order to ensure that you fully understand the risk associated with trading CFDs on cryptocurrencies and the possibility to lose all the invested capital.
Trade Bitcoin, Ethereum, Litecoin, Ripple and Dashcoin CFDs against the USD in your existing TradeGM account. No need for any exchange accounts or complicated setups.
