People use cryptocurrency exchanges. What forex brokers offer is cryptocurrency CFDs, aka contracts for difference, which is not the same as actually cryptocurrency trading. What is more, cryptocurrency CFDs nowadays have pretty limited leverage, because regulators in many places, starting with the entirety of the European Union, capped it at 1:2.
It's still possible to trade that, obviously, but you have to keep it in mind when using a forex broker to trade cryptos.
People use cryptocurrency exchanges. What forex brokers offer is cryptocurrency CFDs, aka contracts for difference, which is not the same as actually cryptocurrency trading. What is more, cryptocurrency CFDs nowadays have pretty limited leverage, because regulators in many places, starting with the entirety of the European Union, capped it at 1:2. It's still possible to trade that, obviously, but you have to keep it in mind when using a forex broker to trade cryptos....
Ignored
This method is used by those people who do not have time to control all of their investments. I am controlling my investments myself for now.
People use cryptocurrency exchanges. What forex brokers offer is cryptocurrency CFDs, aka contracts for difference, which is not the same as actually cryptocurrency trading. What is more, cryptocurrency CFDs nowadays have pretty limited leverage, because regulators in many places, starting with the entirety of the European Union, capped it at 1:2. It's still possible to trade that, obviously, but you have to keep it in mind when using a forex broker to trade cryptos....
Ignored
In my experience navigating the financial markets, I've observed a significant distinction between cryptocurrency exchanges and what forex brokers provide in the form of cryptocurrency CFDs (contracts for difference). It's crucial to recognize that trading cryptocurrency CFDs differs from directly engaging in cryptocurrency trading.
