Anyone can earn on changes in cryptocurrency rates. The corresponding services are provided by cryptocurrency brokers these are companies that provide special trading platforms. They are engaged in opening accounts for investors to accept applications for the purchase and sale of certain currencies, provide price information in the form of graphs, etc.
How to buy cryptocurrency through a broker?
The operation is almost no different from trading in other assets. A trader credits funds to his account, then opens a list of available cryptocurrencies. Next, a purchase order is created, the cost is indicated. A transaction is completed if there is an appropriate sell order.
What is cryptocurrency?
Cryptocurrency is electronic money that is created using a special encryption code according to the principle of a chain of many blocks (blockchain). This code records information about the addresses of the wallets and the amount of funds on these wallets. Blockchain nodes are stored on different servers and computers of users, so it is almost impossible to fake information. For those who prefer cryptocurrency trading, we have created a special section where we have collected the most frequently asked questions that will help you make money on this process.
Is it worth investing in cryptocurrency now?
No one will give a definite answer. Almost any cryptocurrency is not associated with the obligations of any company. Therefore, at any time, the course may collapse to 0 or grow by 1000%. Blockchain technology and cryptocurrencies themselves are spreading more and more around the world. There is growing interest from corporations, traditional banks and exchanges open investment funds to invest in this asset. But the hopes of traders for an early replacement of the usual fiat currency did not materialize – today it is possible to pay with cryptocurrency for goods and services only in some organizations.
Working with cryptocurrency forex brokers is a great opportunity to start making money with digital money today. You can open an account with one of the forex brokers without any problems: due to the growing popularity of cryptocurrencies in the world, such companies also join the profitable trends of our time.
How to choose a forex broker for bitcoin: basic tips
Before choosing a company whose services you will use when trading, you should pay attention to some of its criteria. They will highlight the best and most reliable bitcoin forex brokers:
Long-time of existence. Now on the market there are quite a lot of scammers, one-day companies that cheat their customers. It is important to choose a reliable company. The criterion of reliability and security will be the age of the brokerage company: the longer it works in the market, the more reliable it can be;
The presence of a large customer base. This is another feature that distinguishes good firms. If a large number of traders trust the company, then you can also start working with it (this information can often be found in official reviews and ratings of similar companies);
You should also pay attention to the presence of a real Xtrade company office. It makes sense to visit it and personally discuss with the company representatives all the features of trading, spreads, lots used in trading instruments, leverage and other important criteria for working with forex cryptocurrency brokers;
Note that for users who do not know how to work on Forex at all, it makes sense to start training. Learn stock trading strategies to get started without risk.