What are Crypto?
Cryptocurrency, often referred to as "crypto," is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies are decentralized and typically operate on technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
With ForexVox, you can trade the global prices of both Bitcoin and Ethereum. However, as you're trading Contracts for Difference (CFDs), you're not physically buying or selling the cryptocurrencies. Instead, you're capitalizing on price fluctuations in the global market. This provides you with the opportunity to profit whether the prices are rising or falling.
Investors often choose to include cryptocurrencies in their investment portfolios to diversify, seize opportunities, or as a hedge against traditional financial assets. Trading cryptocurrencies, as part of a well-balanced portfolio, allows investors to take advantage of liquid markets while managing risk. Some even consider cryptocurrencies a digital safe haven.
Why trade Crypto
- Easy access to a global market
- Tight spreads
- Deep liquidity
- Fast execution
Tips about Crypto
- Bitcoin and Ethereum are traded in smaller units like Satoshi and Wei
- Quoted in USD
- Bitcoin is commonly known as BTC
- Ethereum is often referred to as ETH
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