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Trade Cryptocurrency with FXCM

  • FXCM currently offers five CFDs on Cryptocurrencies. Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash ABC (BCH/USD) and Ripple (XRP/USD)
  • Whether the price of the cryptocurrency goes up or down, you can take part of the action by trading at FXCM.
  • You can enable the instrument on your account today by typing either 'BTC/USD', 'ETH/USD', 'LTC/USD', 'BCH/USD' or 'XRP/USD' into the search box on the Trading Station Symbols list window.

Bitcoin

Bitcoin is a global form of digital currency. Unlike traditional currencies, which were frequently backed by gold and silver, bitcoin is based on distributed computing. While traditional currencies are printed by central banks, bitcoins are created or "mined" by distributed computer networks.

Bitcoin differs from traditional currencies is that it is decentralized, meaning that it is not controlled by any single institution. As a result, miners around the world create new units of the currency and confirm its transactions.

Ethereum

Ethereum, is a decentralised platform that runs smart contracts.

Ether

Ether is the digital currency used by Ethereum. Ether is the fuel or "gas" used to pay for transactions made on the Ethereum platform. Ether gives participants a reason to contribute resources used by the platform, thereby ensuring a robust network. Further, it provides developers with incentive to write efficient code, as inefficient software programs are more expensive.

Litecoin

Litecoin is an open-source, decentralized digital currency that was created in 2011 using code from a Bitcoin client. Because of the close relationship between the two, many have described Litecoin as being the Silver to Bitcoin's gold.

Bitcoin Cash ABC (BCH/USD)

Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. It's one major difference in that the blocks in bitcoin cash's blockchain allow far more space and therefore have the capacity to hold significantly more transactions.

Ripple (XRP/USD)

Ripple is a cryptocurrency platform that facilitates exchange between participants via the online space. However, unlike Bitcoin and Litecoin instead of the primary objective being the creation of a decentralized and anonymous peer-to-peer mode of transfer, the target audiences for XRP are traditional banking institutions and is used to settle cross-border and cross-bank transactions transparently.

Why Trade Cryptos with FXCM?

DIRECTIONAL TRADING

With FXCM you can open long and short positions and trade potential market moves in either direction

NO CRYPTO WALLET OR COLD STORAGE

Trading Crypto CFDs means that no physical delivery of the coin is required and profits and losses are credited or debited to your account instantly.

LOW COST OF ENTRY

Micronized CFD contracts allow you to place trades in fractions of an actual coin, which lowers the minimum margin required to enter a position.

TRADE BITCOIN WITH LEVERAGE1

2:1 Leverage Available. Control the position size of your choosing requiring only half the necessary funds.

Did you know? FXCM's Crypto CFDs have a periodic expiration. Please review our CFD Product Guide to learn more.