Trade crypto CFDs with Wealthwavesinc.com without needing to own the cryptocurrency itself. With competitive spreads on Ripple, Ether and Bitcoin CFDs.
USD/RUB and EUR/RUB are currently unavailable for trading.
Spreads will vary based on market conditions, including volatility, available liquidity, and other factors. Typical spreads may not be available for Managed Accounts and accounts referred by an Introducing Broker.
A crypto CFD broker is a provider that enables you to speculate on the price of cryptocurrencies – such as Bitcoin – with contracts for difference. Instead of buying the digital currency, you’re taking a position on whether its price will rise or fall.
What is Bitcoin?
Bitcoin was the first decentralized cryptocurrency. Created in 2009, Bitcoin uses blockchain verification technology to secure and protect peer-to-peer transactions. Like other cryptocurrencies, Bitcoin is decentralized and is not regulated by a central bank or any government.
Can I short cryptocurrencies on Wealthwavesinc.com?
Yes, short selling is as easy as buying with spot cryptocurrencies, unlike when you directly purchase cryptocurrencies.
What’s better: CFDs or crypto?
Buying cryptos means you’re taking ownership of the digital asset, so you’ll need an account with an exchange and a digital wallet to store the crypto in securely. When you trade crypto CFDs, you just need an account with a CFD provider, and as you won’t be taking ownership of the asset, you won’t need a digital wallet.
What are Cryptocurrencies?
Cryptocurrencies, or cryptos, are a form of decentralized digital currency that is not regulated by a government or central bank. Instead, cryptos use encryption techniques to generate, regulate, and transfer their units. Cryptocurrencies are often stored in virtual wallets (e-Wallets) and are used for peer-to-peer transactions or online stores that accept them.
