Crypto
Cryptocurrency trading with BaseTrade
Trade the most popular cryptocurrencies, Like bitcoin, ripple and ethereum and
Join the millions of traders that speculate on this new financial asset class.
What are Cryptocurrencies?
Cryptocurrencies are a digital currency that acts as an alternative to traditional money. This type of currencies exists entirely online. It does not in general have an actual physical form, but exists in a blockchain on a server, which stores data regarding transactions in blocks without personal identifying factors.
They are not regulated and supported directly by a bank or other traditional lending institutions, and transactions are highly encrypted to keep your personal information private, regardless of the number and amounts of the transactions that have been made. They can be traded like any other instrument.
What is cryptocurrency trading?
You can trade cryptocurrencies with BaseTrade using CFDs. CFDs, or contract for difference, allow you to speculate on the price movement of cryptocurrencies. You are speculating on whether a cryptocurrency’s price will go up or down without having to take ownership of the underlying assets.
Why trade cryptocurrencies with BaseTrade
Benefits of trading with us:
Cryptocurrencies are available to trade 24 hours, 7 days a week.
The cryptocurrency market is open for trade 24 hours a day since it is not centralized or controlled by any government. Individuals can trade with each other anytime. This is very beneficial since you can trade whenever you want, meaning when other assets are not available you still are able to trade Bitcoin
Cryptocurrencies prices are very volatile
Throughout their short history of existing cryptocurrencies have experienced amazing volatility. This volatility is what makes trading cryptocurrency market so exciting.
The Main Cryptocurrencies to Trade
Bitcoin
This is the world’s most widely known cryptocurrency and the one everyone is watching. Bitcoin was created back in 2009 by a group/person going under the pseudonym of Satoshi Nakamoto.
The actual identity or identities of this person or people is still a mystery. Bitcoin employs the use of blockchain. This is a public ledger that records all bitcoin transactions in sequence without the need for intermediaries. Its volatility offers traders an opportunity to gain profit by speculating on these big price movements.
Ethereum
The digital currency only went live in 2015 after being funded through an online crowdfunding campaign. Ethereum allows people to send and receive credits via an open network, operating similarly to Bitcoin but is still very different, this is consider the best alternative to BTC. The currency is used predominantly as a smart contract instead of a conventional form of payment.
Ripple
Ripple is both a digital currency (Ripple XRP) and a platform (Ripple Net) that is used for the electronic transfer of currencies. The platform exchanges all types of currencies including fiat currencies (USD, GBP, EUR, etc.) and cryptocurrencies (Bitcoin, Litecoin, etc.). Ripple was designed to be faster, more reliable and less volatile. Today a lot of banks around the world have adopted Ripple as part of their operations.
How do I trade cryptocurrencies?
- Create an BaseTrade CFD trading account
- Research the cryptocurrency you want to trade
- Decide how you want to trade, Long or short
- Take steps to manage your risk
- Open and monitor your position
Open Your BaseTrade Trading Account
With BaseTrade you can trade cryptocurrencies, indices, shares, currency pairs and more with ease. To apply for a live trading account, all you need to do is click the buttons below.