It is a type of digital currency that is created electronically. In this article, learn more about how it works.
CRYPTOCURRENCIES
A cryptocurrency is a digital currency Independent governments and banks. Payments are made from anywhere with p2p (peer-to-peer) exchange.
the Bitcoin It was there first cryptocurrency, created in 2009and is still the most known in that day. Most of the interest in cryptocurrencies comes from profit-seeking and speculation, which can cause prices to skyrocket. You can also have a project behind a cryptocurrency.
there is variety of cryptocurrencies on the market, each with its own features and its Applications distinct. However, at the moment those who have a large market cap they are in the minority.
A cryptocurrency can be traded and exchanged like any physical currency.
Examples include the Bitcoin, the ethereumthe litecoin.
You can get one with a Purse (wallet) that will allow you to store your cryptocurrencies safely.
You can also go through a business platform that allows cryptocurrencies. You need to see if the platform offers the cryptocurrencies you are interested in, as well as the fees.
Trading platforms often use CFDs (contract for difference).
CFDs are leveraged products, which means you can start a trade by locking up only a small percentage of your capital.
attention car these leveraged products they can increase your profits, but they also increase your losses if the market is unfavorable (see paragraph on caveats).
cryptocurrencies are traded in batches of tokens that are used to help standardize the order. Due to the fact that digital currencies are volatile, the number of lots exchanged is usually lower case. Y batch usually corresponds to a single unit of the cryptocurrency used as reference. However, some cryptocurrencies are sold in large quantities.
To acquire cryptocurrencies, you can also go through the mining which is a process by which the latest cryptocurrency transactions are verified and then new units are put into circulation.
the block chain
The blockchain is a kind of digital ledger which is used to transfer and store information. In the context of cryptocurrencies, it maintains the transaction history of each cryptocurrency and tracks changes in ownership over time.
The blockchain tracks transactions by blocksbeing the most recent placed in top of the chain. Blockchain technology is much more secure than ordinary computer files.
Caveat
The information contained in this document does not constitute not investment advice, or any other form of advice on financial services such as financial instruments, financial products or digital assets. It is designed to provide informations of a general nature.
Using CFDs is deep colored. These are products that can cause large discrepancies in your trading account. Do not hesitate to start with a small sum and above all to learn the mechanisms of these financial products by demo mode.