Bitcoin CFD Trading
With all the buzz surrounding Bitcoin it became a perfect underlying asset for CFD trading. now with AvaTrade you can trade this highly volatile currency against the US Dollar 24 hours a day/5 days a week on MetaTrader 4 and AvaTrader.
- Start with as little as $/£/€ 100
- Trade Bitcoins CFDs at up to 20:1 leverage
- Bitcoin market open 24 hours a day/5 days a week
- Buy or sell instantly with one-click trading on MT4 & AvaTrader
- Get live customer support when you need it – in your language
- Enjoy the peace of mind of trading with a regulated broker
Start trading Bitcoin and other digital currencies with AvaTrade and get a welcome bonus of up to $10,000.
Bitcoin – The Digital Currency of The Future
Bitcoin was created in 2009 as an anonymous and secure way of exchanging money on the internet. It is an electronic currency that is completely decentralized - it isn’t backed by a government or other central authority – and is minted and exchanged entirely within a massive network of users. Anyone with an internet connection can send and receive Bitcoins directly and privately with no transaction fees.
The Science of Bitcoin
The first cryptocurrency to bring in more investors and traders than its rivals, possibly due to its temperament of having a lot of ups and downs in the market which make it attractive to traders. Volatility is always a good sign when trading on the online markets as it offers traders new strategies and the possibilities to profit when markets are at their most unpredictable.
Media hype is one of the main reasons for the Bitcoin to have had it increase and then when media hype is lower so is the market of the Bitcoin. As history shows, the Bitcoin gains new investors and spectators as it enters a new peak, and because this cryptocurrency is so globally accessible and easy to trade it attracts the masses, therein spells out the value of the Bitcoin.
New Bitcoins are created with highly time-intensive computer-based algorithms which limits the rate at which they enter the market. The total amount of Bitcoins that will ever be issued is 21 million – making it a finite commodity like gold or oil.
Rise of Bitcoin
The founder of Bitcoin is Satoshi Nakamoto. From late 2008 when he had launched Bitcoin, a lot of his peers caught on to his concept and understood the value of such an asset and further assisted in developing the cryptocurrency.
October 2009, was the first ever Bitcoin exchange and back then was listed at 1,309 Bitcoins at $1.00, very cheap and for that year continued to trade for a low price, at a fraction of a cent.
In early 2010, the currency was gaining momentum, and so the distribution of the Bitcoin started to increase along with its demand, by November of that year 4 million Bitcoins had been ‘mined’.
And so the rise of the Bitcoin began…
Advantages Trading Bitcoins
As a result of its innovative structure and the hype surrounding it, Bitcoin is extremely volatile, making it an excellent currency to add to your portfolio.
- High Leverage: AvaTrade offers their traders 20:1 leverage
- No International Boundaries: Gone are the global boundaries, a trader in Chille can now trade with us in Ireland
- No Commissions: All trading of Bitcoins are digitally recorded and there is no bank interference, thus improving profit potential
- Low Cost of Trading: AvaTrade keep costs lower to attract new bitcoin traders
- Low First Deposit: At AvaTrade you can start trading with as little as $/£/€ 100.
How AvaTrade Can Help
With AvaTrade you can make a Long (Buy) or Short (Sell) trade instantly, 24 hours a day while the markets are open, giving you the opportunity to trade your market view no matter which way the currency is heading.
You can find out all the details about our Bitcoin offering by visiting our Trading Conditions & Charges page.
Get a sign-up bonus of up to $10,000 when you start trading Bitcoin CFDs with AvaTrade.