What is a cryptocurrency? A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a decentralized electronic currency. Why trade cryptocurrencies? Cryptocurrencies have the tendency to be particularly volatile, so they provide various opportunities for traders to open positions with big movements. Leveraged trading provides high liquidity, matched with the reputation cryptocurrencies have for being highly volatile, means that trading cryptocurrencies with JX Value Flux provides greater opportunities in markets.
There are two options when trading in the cryptocurrency market. You can buy actual cryptocurrency on exchanges, where you own the underlying asset. This is considered a long-term investment, as you are waiting for the price to rise significantly before selling.
Alternatively, you can trade cryptocurrency CFDs. A CFD is a popular type of derivative that allows you to trade on margin, providing you with greater exposure to the financial markets. CFDs are a type of derivative so you do not buy the underlying asset itself. Instead, you buy or sell units for a given financial instrument depending on whether you think the underlying price will rise or fall.
When buying cryptocurrency, it is stored in a wallet, but when trading CFDs, units are held in your trading account, which is regulated by
Trade cryptocurrencies with leverage Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200