In our days, Crypto CFDs are popular amongst our traders. The crypto market can be exciting, but also challenging, as changes and new regulations appear as the crypto world develops.
By trading cryptos via CFDs, you get exposure to these assets, while retaining good liquidity and the ability to short sell. Also, you don't need a wallet and don't have to worry about losing your key. Your focus always remains on your trading!
- Day Range
- 6H Trend
We’ve all heard about them. They’ve been in the news ever since Bitcoin came into the global finance spotlight, back in 2009. People called them the next evolutionary step of currencies.
For those of you wanting to be up-to-the-minute with technology and the currency markets, CAPEX.com offers access to a comprehensive education academy and a wide range of technical and fundamental tools and features in collaboration with leading third-party providers.
Cryptocurrencies – the essentials
Cryptocurrencies are digital coins, functioning as mediums of exchange. People can transfer them between each other, without any intermediaries and any interference of central banks or any other financial institution. Anyone can find all these transactions recorded on a public ledger called the blockchain.
Cryptos are created through mining, the process of verification of every transaction and maintaining the blockchain populated.
Initially, you could only buy them on exchanges, using a digital wallet for storage until you wanted to start selling. That’s until trading CFDs on cryptos started emerging.
CFDs and crypto trading
CFDs are financial products that allow you to anticipate whether prices will move up or down on underlying instruments, including cryptocurrencies. You don’t own these underlying instruments; you trade the direction you assume prices will go. Trading CFDs takes place on dedicated platforms made available by brokers.
So, when trading CFDs on cryptos, you can either go long or short for your trading approach, depending on what you expect to happen to the price. On regular exchanges, you could only buy (go long) a specific amount of your favorite digital coins and hold it before selling if prices go up.
Also, when trading crypto CFDs you can use leverage to open positions with less capital, but also with increased risks. For managing your risks and keeping your investment under more control, you have access to market orders such as stop loss or take profit.
Trading Crypto CFDs vs. Buying Crypto on exchanges
- Trade price swings in either direction at will – Only trade long positions
- Use your favorite short term or long-term trading strategies - Long-term buy-and-hold only strategy
- Employ entry orders, stop losses, profit-limit rules, and all risk management techniques – Manually buy or close long positions only
Factors influencing crypto prices
Supply and Demand
Crypto news and market sentiment
How to trade CFDs on Crypto on Capex.com
You can open a CFD on Crypto position with Capex.com through the device of your choice, be it a smartphone, PC, or tablet.
Log in to your account or create account
Go to the Crypto section and choose your favorite instrument
Set your trade size
Choose direction (Buy or Sell) based on your assessment of the influencing factors
Place your trade!
You find it hard to keep a close eye on your trades all the time? Advanced tools are available, especially for this: you can set automatic orders like Take Profit and Stop Loss to manage multiple trades and keep your risks under control! Ready to give us a try?