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Crypto Trading

Trading crypto CFDs is similar to trading Forex in that you are always trading one currency against another. You may be trading a fiat currency against a cryptocurrency or even a cryptocurrency against another cryptocurrency.

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Cryptocurrencies are virtual forms of digital money that enable one to use them when making financial transactions in the same way as using regular government-issued fiat currencies. However, unlike fiat currencies, which are controlled by central banks, cryptocurrencies are decentralized with decisions regarding how the cryptocurrency operates being made by the community of investors of that particular cryptocurrency.

Instead of a ledger being kept by a central bank, with a cryptocurrency, there is a virtual ledger that is transparent to the public. This ledger, known as a blockchain, is a record of every transaction of the specific cryptocurrency token. New cryptocurrency tokens are created by “miners” who use powerful computer technology to solve complex mathematical problems. The miners are rewarded with a certain amount of cryptocurrency for completing the mathematical equations.

The world’s first cryptocurrency, Bitcoin, went largely unnoticed by the mainstream financial community when it was first released to the public in 2009. However, a few investors were savvy enough to enter the Bitcoin market before it skyrocketed to unprecedented heights, taking the financial trading markets by storm. Since Bitcoin’s release, many other cryptocurrencies have been created and released to the public.

Plus247 provides you with access to all of the most popular cryptocurrencies through our advanced trading platform which is packed with useful features, indicators, and trading tools.

  • 5 Reasons to Invest with Plus247
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Trade Like a Professional

MetaTrader 4 is widely recognized as the premier platform among professional and new traders worldwide. Plus247 uses the web version of MT4, WebTrader, where you can trade a wide choice of cryptocurrencies and other asset classes. MT4 provides traders with a user-friendly interface as well as fast trade executions.

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