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What is Cryptocurrency Trading?

Trading cryptocurrency is enjoyable, easy and can be extremely profitable.
When trading on the Coinsmarts platform, you select the cryptocurrency you wish to trade and enter your order. Just like in other trades, if you think the price of a certain digital currency, for example Bitcoin, will increase then you would buy Bitcoin CFD. Your CFD will increase in value if Bitcoin price increases. If Bitcoin’s price decreases then your CFD loses value accordingly.

The Advantages of Trading Cryptocurrency at The Coinsmarts

Higher Leverage
Cryptocurrencies provide a much higher leverage than traditional trading. Standard leverage in the cryptocurrency market begins as low as a 2% margin requirement. Lower margin requirements mean less capital outlay for the trader/investor, and greater potential returns. However, increased leverage can also magnify losses.

Access to the Global Market on One platform.
Here at the Coinsmarts we offer digital currencies in the world’s major markets. This allows traders to easily trade on any virtual currency market from our platform.

Variety of Trading Options
At The Coinsmarts we offer a wide range of cryptocurrency trading, with over 50 different cryptocurrencies to choose from.

Convenience
At The Coinsmarts traders are able to trade on a wide range of cryptocurrencies on the same platform they have grown to know and love and using the same tools they are already familiar with.

What is Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security.
Cryptocurrencies have been around since the early 1990’s with the first digital currency being Bitcoin.
As the world of cryptocurrencies becomes increasingly popular, traders find them to be a valuable investment option.
Since the emergence of cryptocurrencies almost an additional 700 digital currencies have emerged and The Coinsmarts offers a large amount of them for trading.

Bitcoin
The first and most powerful digital currency leading the cryptocurrency world in value. When originally introduced $1 could buy 1,309 Bitcoins, however things have drastically changed since then with the value of 1 Bitcoin reaching over $4,000 in 2017.
Ethereum
Ethereum is different to Bitcoin in that it is not just a currency but open source software platform based on blockchain technology. It is like one giant computer housing many computers around the globe.
Bitcoin
In addition to being a cryptocurrency Bitcoin is a type of highly advance payment network. It allows banks to send real-time international payments across networks. The main goal is to allow people to have a better, faster and more secure financial network without using credit cards, banks and Paypal which has restrict access with fees, charges for currency exchanges and processing delays.
Litecoin
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It is the third largest cryptocurrency in the market today and can function in a sense as an online payment system. It is fully decentralized without any central authorities and empowers the public to control their own finances.