What is Cryptocurrency?

Cryptocurrencies are digital currencies that typically use a decentralized blockchain network to carry out safe and secure financial transactions. Cryptocurrency CFD trading means betting on price changes via a CFD trading account. CFD Derivative products enable you to speculate on whether your chosen cryptocurrency will increase or decrease in value. With 24option.com, you can trade cryptocurrencies via a CFD account. Prices are quoted in currencies such as the USD, and the traders never take ownership of the cryptocurrency itself. Bitcoin CFD trading has grown in recent years. High volatility and trading volume in cryptocurrencies suit day trading very well. Some cryptocurrencies cfd brokers specialize in crypto trades. Others offer a comprehensive range of CFD products. 24Option, for example, gives crypto trading via CFDs .24option offers increased leverage and, therefore, risk and reward. Innovative Crypto CFD brokers might differ when opening an account cryptocurrency CFD trading. The cryptocurrency market’s extraordinary volatility may offer endless trading opportunities and an increased risk of loss.

Due to price fluctuation, individual cryptocurrencies may be suspended or removed from the trading platforms periodically. Please see our crypto trading conditions page for accessible cryptocurrencies. When trading with 24option, you are trading on the price fluctuations of Bitcoin, Etherium or Ripple, and not physically purchasing it. With 24option, you can trade Crypto CFDs – such as Bitcoin, Ripple XRP, Ethereum, and more – by speculating on their rate movements without actually owning them. Trade Bitcoin CFD with Leverage Trade cryptocurrencies with up to 1:2 leverage. You can start with as little as £50 to gain the effect of £100 capital! View our With 24option’s CFD platform. You can trade Crypto CFDs – such as Bitcoin CFDs, Ripple XRP CFDs, Ethereum CFDs, and more – by speculating on their price movements without actually owning them.