Which crypto broker is the best? What should you pay attention to?
Anyone who wants to invest in Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin or other digital currencies can do so via crypto exchanges or specialized crypto brokers. The conditions for crypto trading depend on the marketplace or the chosen provider and sometimes differ significantly. A comparison of the conditions of the different providers is therefore very useful. So use our Crypto Broker Comparison!
An easy way to trade cryptocurrencies is to have a deposit with a CFD broker like Plus5005 or eToro6 to open and trade Bitcoin, Ethereum and Co. indirectly by means of so-called CFDs. An important advantage of the “Contracts for Difference” is the possibility to trade underlying assets such as Bitcoin in both directions: As an investor, you can benefit from both rising and falling prices with CFD brokers.
In addition, CFDs can also be used to trade leveraged price movements, for example with a factor of 2. If the base value, for example the digital currencies Bitcoin or Ethereum, gains 5 percent in value, price increases of 10 percent can be achieved with a double leveraged CFD product. As an investor, you should note that the leverage can also have a correspondingly negative effect in the event of an unfavorable price development. In the worst case, especially when trading with leverage (so-called leverage), a premature total loss of the invested capital is possible.
Before trading cryptocurrencies with real money, familiarize yourself with trading with a demo account! This is quite easy with the broker, for example Plus5005which should also be known to football enthusiasts as the main sponsor of the multiple Spanish champions Atlético Madrid.