Trade CFDs on Cryptocurrencies with 24option

 

Since 2013, 24option has dedicated time and effort to expanding our crypto-asset trading capabilities. 24option has acted quickly to satisfy customers’ requests to buy and sell world-leading crypto assets, as well as trade against their value. Since September 2017, users have been able to trade on crypto assets through the 24option trading platform. A key difference between buying a financial asset and trading CFDs on an underlying asset is that when you purchase an altcoin, token, or cryptocurrency, you own it – you’re not just trading against its fluctuations in price.  

 . These factors, plus the security of account opening with most CFD brokers, access to high leverages, and a vast supply of CFD products, are gradually revolutionising the CFD brokerage industry by drawing more traders. You still have to be cautious when choosing the best brokers by ensuring that you only enrol with a CFD provider with a reliable reputation. Check whether they’re registered and regulated and what kind of technology they’re using.

 What is a Contract for difference (CFD)?

 A contract for difference (CFD) is a financial instrument that enables investors to speculate on rising and falling prices of fast-moving global financial instruments like shares, indices, commodities, cryptos and bonds.

the ultimate list of Cryptocurrencies CFD providers

Press “Buy”, enter the volume, and click the “Open Trade” button. You should have then successfully opened your first CFD trade. All retail investors who trade CFDs with this provider lose money, especially in the long run. It would help if you considered whether you could afford the risk of losing your money. 24option is a multi-asset CFD Broker that offers both investing in commodities, indices, stocks and crypto assets and trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Eighty per cent of trader accounts lose money when trading CFDs with this provider. It’s best if you think about whether you understand how CFDs work and whether you can afford to lose your money. Past performance cannot be interpreted as an indication of future performance. Crypto prices fluctuate widely. Therefore Cryptocurrencies CFDs are volatile instruments, making them not appropriate for all investors.

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The bitcoin price is wrong

Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800, he said in a note Thursday. His explanation for the divergence includes last year’s meteoric rally, a “meltdown” in the macroeconomic climate and treasury sales during initial coin offerings.

User adoption and Bitcoin’s acceptance as an asset class are the key factors that will drive it higher beyond 2018. If bitcoin wallets approach just 7 percent of Visa’s 4.5 billion account holders, fair value would be $150,000 per bitcoin according to his model, he said.

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NETELLER presents a conversion service to virtual currencies

NETELLER presents a conversion service of more than twenty standard currencies to virtual currencies via its system, putting an end to the demand to use crypto exchanges.

Digital wallet and digital payment provider NETELLER is now offering its customers exchanging instantly cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin.

The interesting factor is NETELLER’s duty to deliver exchange solution of 28 fiat currencies to virtual currencies within its system, substantially solving the currently troublesome process of using crypto exchanges, or peer-to-peer platforms, or going to a bitcoin ATM, to acquire or dispose of funds.

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Chilean President Considers Regulation of Cryptocurrency

According to Bitcoin.com, Chilean President Marcel commented that his government is considering setting up a legislative body to oversee the activities of the Chilean digital currency industry. Marcel pointed out that: to incorporate a law to allow participants of these activities to register, so as to grasp the information to monitor the relevant risks. Relevant laws and regulations can be formulated in accordance with more sound standards and mechanisms, especially in the areas of market transparency, consumer protection and the prevention of money laundering and terrorist financing.

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Bank of Spain Governor: Cryptocurrency brings more risk than benefits

Bank of Spain Governor Luis Maria Linde stated at a conference in Madrid on Wednesday that the use of cryptocurrencies will bring more risks than benefits. When talking about the rise of new technologies in banking and finance, Linde also warned that the transition to a digital economy has brought about control risks and challenges.

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