How to start trading Cryptocurrencies with Capital.com?

To start trading Cryptocurrencies with Capital.com, Open Capital.com CFD Account and log in to the Capital.com Official Website.

Then you need to make a deposit to your account before starting trading Cryptocurrencies.

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What is cryptocurrency? Why is it so important?

Encrypted currency is a digital asset that serves as a medium of exchange. Blockchain technology encryption is used to ensure the security of transactions, control the supply of other blocks, and ensure safe transfer. In short, cryptocurrency is a decentralized digital currency.

Cryptocurrency is stored in various forms of “wallets”. For example, Bitcoin can be stored in an online or offline electronic wallet.

Bitcoin is the first cryptocurrency, released in 2009 by a group or individual under the pseudonym Satoshi Nakamoto. The creation of Bitcoin laid a solid foundation for other cryptocurrencies and created today’s cryptocurrency market. A few years after the release of Bitcoin and its great success, many new cryptocurrencies have sprung up. These cryptocurrencies are called “Altcoins.” Altcoins are cryptocurrencies that can be used as an alternative to Bitcoin.

Altcoins are different from Bitcoin in many ways. Some altcoins may have different economic models, while others may use different basic algorithms or block sizes. Some cryptocurrencies support more adaptable programming languages ​​to create applications on the blockchain. Some altcoins have no value at all. Therefore, you should study in-depth and invest carefully before trading. Many people believe that the value of altcoins comes from the projects used by cryptocurrencies.

The cryptocurrency itself is popular among traders and asset classes. Traders can take advantage of the high volatility of cryptocurrencies to earn more profits, and they can also gain more market share compared to the current situation.

Invest in Cryptocurrencies with Capital.com

What is the time and place of cryptocurrency trading?

As a product of the digital society, cryptocurrency operates 24/7 like the digital society. You can conduct cryptocurrency transactions at any point in time. Unlike stocks and commodities, the cryptocurrency market is not listed and traded on regulated exchanges. You can trade cryptocurrencies across multiple “crypto” exchanges at any time, such as Binance, Bitfinex, Coinbase Pro, etc.

Although cryptocurrencies support round-the-clock transactions, there are still peak trading periods, but this simple rule of thumb does not always hold. Given that the United States, Russia, and the United Kingdom are the three largest cryptocurrency trading regions, the trading time from the United States to the European market is naturally the peak period for cryptocurrency trading. The cryptocurrency market during Asian trading hours may also experience large fluctuations, even on weekends. Large price fluctuations do not often occur on Sunday night (GMT), which is not good news for traders in the European time zone.

The special thing about cryptocurrency trading is the degree of price difference between exchanges. For example, sometimes the price difference of Bitcoin on two exchanges can be as high as $500. The reason for this difference is related to the liquidity of the exchange and its geographic location. This price difference is usually more obvious after the price of cryptocurrency fluctuates sharply.

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Capital.com trading cryptocurrency CFD process

  1. Download the Capital.com mobile app or open the official website.
  2. Create an account and top up. The base currency is recommended to choose British Pound (£), Euro (€), US Dollar ($) or Polish Zloty (zł).
  3. Choose your favorite cryptocurrency and prepare to open a CFD position.
  4. View cryptocurrency charts and rates.
  5. Open long (buy) or short (sell) cryptocurrency CFDs to speculate on market trends.
  6. Settle the position and withdraw cash within 24 hours.

Friendly reminder: The cryptocurrency market is highly volatile and CFD trading is risky.

Invest in Cryptocurrencies with Capital.com