Cryptocurrency is the name attached to blockchain driven payment methods or tokens such as Bitcoin, Ethereum, Litecoin, Ripple and others. When it first began with Bitcoin, blockchain was seen as a decentralised form of digital currency and an anonymous way to make payments fast without using fiat. As time progressed blockchain technology has been utilised in many other new and interesting ways. Because of the decetralised nature, and how records could not be altered it has spawned companies which use it for powering data driven systems and many other applications.
While there are now many CFD brokers offering leveraged access to the main crypto coins likeBitcoin(since Bitcoin futures appeared on CME) the traditional way was to actually buy the crypto currency and store it in a secure wallet. When its value goes up (or down) you have made a profit (or loss) when you decide to convert it back to fiat.
To buy altcoins as they are known (slightly more unknown coins compared to Bitcoin) then it becomes quite tricky. Most crypto exchanges will only allow you to trade an altcoin for Bitcoin or Ethereum. So to begin, you must have some BTC orETH. Once you have these coins in your wallet, you send them to a wallet within your account at an exchange and trade them for altcoins.
It may seem quite daunting at first, but once you get used to the method of sending and receiving funds via wallets, then it is not too much different than trading Forex. However, you must be aware that crypto trading is at a very early stage. Many of the exchanges offering access to the smaller coins are new, and for the most part unregulated because many do not accept real money from customers. Only crypto deposits. The same risks apply to trading crypto as with any other security. You could lose money if you do not have a solid trading plan, or the funds to manage your investments properly.
On our site you will find a selection of high volume cryptocurrency charts which will allow you to view prices 24 hours a day. Our crypto charts come with all the usual indicators and drawing tools you would expect from any good charts. They are driven with data direct from major crypto exchanges. We have aRipple chart, Ethereum charts,Bitcoincash chartand more.
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