|Broker||Spreads From||Min. Deposit||Max. Leverage||Highlights||Start Trading|
Spread Betting & CFDs carry risk. 64-72% of traders lose with this provider.
|0.9 points||£100||20:1 |
Spread Betting & CFDs carry risk
Spread Betting & CFDs carry risk. 73% of traders lose with this provider.
Spread Betting & CFDs carry risk. 72% of traders lose with this provider.
Spread Betting & CFDs carry risk. 79.6% of traders lose with this provider.
CFD Service. 80.6% lose money
* Plus500 is a CFD service.
Bitcoin or BTC is a digital currency that is not regulated by any government or central bank around the world. The decentralised nature of this cryptocurrency and the fact that it acts independently of banks and financial institutions sets it apart from fiat currencies. For starters, trading Bitcoin is completely anonymous and conducted with minimal fees or commissions (since there are no middlemen). No names, addresses or other personally identifiable data is required to trade Bitcoin. As the world’s first digital currency, Bitcoin or BTC has rapidly gained popularity and is widely accepted at merchants, financial trading platforms and among buyers/sellers around the world. As part of its evolution, Bitcoin is now also actively traded in many FX pairs at leading UK spread betting sites.
It should be remembered that Bitcoin is volatile. This coupled with its digital nature adds to the complexity of trading Bitcoin. Back when it was established in 2008, it served as an alternative to traditional currencies. It was born out of the global financial crisis – around the same time that binary options became a mainstream trading option. Unlike fiat currency which relies on fundamentals for its demand/supply, Bitcoin is backed by nothing and represents nothing. Bitcoin production will be capped at 21 million coins and no more. Demand/supply constraints are expressly limited to market expectations.
Ready to start spread betting on Cryptocurrencies? Check out our full UK Spread Betting Brokers Who Offer Cryptocurrency Trading!