CFD trading is a derivative that allows you to speculate on cryptocurrency price movements without owning the underlying coins. You may go long (‘buy’) if you believe the value of a cryptocurrency will rise, or short (‘sell’)

Both are leveraged products, which means you only need a little deposit – known as margin – to gain full exposure to the underlying market. Because your profit or loss is still calculated based on the total size of your position, leverage magnifies both profits and losses.

You may trade cryptocurrencies with Bitonext using any offered accounts – derivative products that enable you to speculate on whether the value of your chosen cryptocurrency will rise or fall Prices are quoted in traditional currencies like the US dollar, and you never possess the cryptocurrency.

The volatility of cryptocurrencies is part of what makes this market so exciting. Rapid intraday price movements may present traders with opportunities to go long and short, but they also come with increased risk. So, if you decide to go into the cryptocurrency market, make sure you have done your research and developed a risk management strategy.