What is a cryptocurrency? A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a decentralised electronic currency.
Why trade Cryptocurrency? Cryptocurrency have the tendency to be particularly volatile, so they provide various opportunities for traders to open positions with big movements. Leveraged trading provides high liquidity, matched with the reputation cryptocurrency have for being highly volatile, means that trading cryptocurrency with starkivo.com provides greater opportunities in markets.
Starkivo offers a variety of cryptocurrency that can be traded in relation to many different currencies. We offer pairings with the following cryptocurrency: Bitcoin, Litecoin, Tether, TRON, Ethereum and many others.
There are two options when trading in the cryptocurrency market. You can buy actual cryptocurrency on exchanges, where you own the underlying asset. This is considered a long-term investment, as you are waiting for the price to rise significantly before selling.
Alternatively, you can trade cryptocurrency CFDs. A CFD is a popular type of derivative that allows you to trade on margin, providing you with greater exposure to the financial markets. CFDs are a type of derivative so you do not buy the underlying asset itself. Instead, you buy or sell units for a given financial instrument depending on whether you think the underlying price will rise or fall. When buying cryptocurrency, it is stored in a wallet, but when trading CFDs the position is held in your trading account, which is regulated by a financial authority.