Trading CryptoCurrencies With EuropeFX
Trade CryptoCurrencies On MT4
Trade CryptoCurrencies On MT4 Trade CryptoCurrency CFDs on MT4 and enjoy all the advanced features and ease of use that have made MT4 one of the most popular platforms for retail traders.
Trade From Your Existing Account
If you have an existing account with EuropeFX you already have access to trade CryptoCurrency CFDs on MetaTrader 4 across a wide range of supported devices.
What are CryptoCurrencies
CryptoCurrencies are digital currencies designed to be transferred through online transactions. CryptoCurrencies only exist as virtual pieces of data. There are no physical coins, only digital versions. CryptoCurrencies use cryptography to secure transactions and all transactions are verified.
Attempts at creating digital currencies date back to the early 90’s but the first real crypto didn’t come into being till 2009 when Bitcoin was born. Created by an anonymous individual (or group of individuals) under the alias Satoshi Nakamoto, Bitcoin was described as decentralized, “peer-to-peer electronic cash system”.
Since then, numerous cryptocurrencies have appeared. At last count, there are over 1500 digital currencies.
CryptoCurrency transfers are decentralized with transactions recorded in a digital ledger, the blockchain.
Buying and selling CryptoCurrencies can be a complicated exercise with accounts on various exchanges and wallets. Security is a big part of the process as with anything digital, anyone with access to your digital wallet, for example, has access to your CryptoCurrencies.
Owning cryptos also leaves you open to the risk of falling prices. Take Bitcoin for example. So far this year we’ve (2018) seen Bitcoin trade at a high of over $17,000 down to a low of under $7,000. Owning cryptos is essentially only for price rise speculation. There is no way to short sell as you can only sell what you own.
Bitcoin vs USD
Trading is risky. You may lose your invested capital.