What is Cryptocurrency?
Cryptocurrency is a digital currency that can be used as a standard currency where ever it is accepted. It is not under the regulation of any government, nor issued by any central bank, and therefore it is completely decentralized. Even though cryptocurrencies do not enjoy the same kind of stability when compared to regular physical currencies, nowadays people are using them for many different purposes, such as online shopping or with money transactions.
When you trade Cryptocurrencies as CFDs, you are able to enter the cryptocurrency market and open positions on multiple digital assets without the necessity to purchase anything. What it means is very simple: all you have to do is to invest on the marker performance of the cryptocurrency you decided to trade.
Bitcoin is the most familiar digital currency in the market, being the first ever cryptocurrency that came out. Since then, many other cryptocurrencies have emerged and became a never ending part of more than 1200 digital coins which are available today. Amongst some of the most familiar ones we can find Ethereum, Ripple, Litecoin, Dash and Monero.
As with all trading opportunities that exist in the financial markets, it’s always a clever idea to buy low and sell high. This concept works well also with cryptocurrency trading. OasisTrade makes it easy for you to trade cryptocurrencies regardless of the size of your account. Get immediate access to the cryptocurrency market and trade the most popular digital currencies available on OasisTrade’s intuitive next-generation trading platform.
You buy 2 Bitcoins at $11,086.02 per unit (using our leverage). You trade the BTCUSD and after 1 week you decide to sell your Bitcoin units and earn a profit of $1,896.98.
A week after you opened your position, Bitcoin was quoted at $12,034.51 (Bid price) to 12,075.21 (Ask price). You bought 2 units and paid $22,172.04. You sold the 2 units and got $24,069.02. You earned $1,896.98.
You didn’t actually buy any Bitcoins or sold any Bitcoins at no point. All you did was simply using our cryptocurrencies leverage and investing on the market performance of the digital currency pair.
Advantages of cryptocurrencies trading
Even though Cryptocurrency trading is fairly new, it does not differ from any other form of trading. Placing a position allows you to speculate on a future digital currency pair movement by investing a reasonably small amount of capital without the obligation of paying any fees to third parties. As opposed to traditional trading, there is no real need to physically exchange digital currencies.
Alternatively, what you are actually trading on is the price movements of your selected digital currency pair. Being one of the world-leading cryptocurrency trading brokers, we offer you the complete package when it comes to the safety, security and transparency of your online transactions. Some of the most important benefits you get to take advantage of when choosing our platform are:
Maximize your trading with up to 20:1 leverage on our award-winning platform
Take full advantage of online CFDs trading with OasisTrade’s guaranteed no fees, no commissions policy
Enjoy hassle-free, secured and convenient methods for transferring and withdrawing funds
Get competitive fixed spreads between the “BUY” and the “SELL” prices on all cryptocurrencies
Trade the most popular digital currencies available in the crypto market
- Ground-breaking platform
- Trade on both rising and falling markets
- Risk management tools
- 100% safe & secure
- 24/6 live support
Why trade cryptocurrencies with us?
When you trade Cryptocurrencies with OasisTrade using our award-winning platform, you are able to experience a unique trading environment like never before.
As a transparent and trustworthy broker, we have the opportunity to offer you much more than just state-of-the-art crypto trading technology. Unleash your complete trading potential with an exclusive access to our insightful news and education sections, packed with a detailed explanation about digital currencies, professional account management and 24/6 customer support.