Buy or Sell Cryptocurrency CFDs with Legend Brokers

Cryptocurrencies (Crypto) are virtual currencies that typically use a decentralized network to carry out secure financial transactions. With Legend Brokers you can trade Crypto CFDs – such as Bitcoin, Ripple XRP, Ethereum and more, by speculating on their price movements, without actually owning them.

Why treading Crypto with LEGEND BROKERS:

  • We are the first company to offer digital currency trading with digital or even conventional currencies.
  • Digital currency trading in the form of futures contracts (CFDs).
  • No need to open a money exchange account.
  • Utilize margin, deal Bitcoin and other cryptos without tying massive amounts of capital.

Ways to Trade Bitcoin

  • Cryptocurrency trading with other similar cryptocurrencies.
  • Such as: selling a Litecoin and buying a Bitcoin.
  • Trading digital currencies with other traditional ones.
  • Such as: selling a Bitcoin and purchasing EUR.
  • Digital currency trading in the form of futures contracts (CFDs).
  • Such as: sale of Bitcoin.
  • This method is considered to be an amplifier for profits and losses, which means that you can deposit an initial deposit and still gain a much larger position this approach provides a dynamic market and full of opportunities for profit.

What Factors Influence Bitcoin’s Price?

  • Number of transactions (demand for currency).
  • Trading with digital currencies differs from traditional currency trading:

Digital currency’s technology work as an accounting ledger book owned by every user it is a decentralized system which means that there is no central authority controlling these currencies. Transactions are written when they occur and are linked to all previous transactions. There is a positive correlation between the number of transactions and the price.

  • Number of competing cryptocurrencies.
  • The price in circulation.
  • Laws governing their sale.
  • Advances in used technology such as “BlockChain”.

Bitcoin CFD Example

You’re interested in trading a Bitcoin via a CFD.

Our current price is 10,000 to sell Bitcoin, or 10,020 to buy it.

You believe that Bitcoin’s price will fall against the dollar, so you sell 1 contract at 10,000 (equivalent to selling 5 Bitcoins at $10,000).

The Bitcoin price falls and now price is 9,880/9,900.

You decide to take profit and close your position by buying at 9,900.

$10,000 – $9,900 = $100 move or 100 points. Your profit is $500.

If the Bitcoin price moved higher by 100 points instead, your loss would be $500.

Bitcoin Trading Conditions

We source our Bitcoin CFD price from Bitcoin futures developed by the leading and largest derivatives marketplace CME group.
The underlying market spread may vary throughout the trading day, depending on market conditions. The value of a given point is based on a standard contract traded. The value of the point may vary depending on the size of the transaction.