Trade Cryptocurrency CFDS 24/7

When you become a Baxia client, you will have access to all cryptocurrency pairs to start trading.

All order types available in the MT5 platform are supported, such as:

1. Buy Limit
   
2. Sell Limit
   
3. Buy Stop
   
4. Sell Stop
5. Buy Stop Limit
   
6. Sell Stop Limit

There are primarily two methods to trade cryptocurrency. First, you can buy and sell actual cryptocurrency coins on an exchange. In this situation, you would need to pay the full value of the coins upfront, as well as needing to open an account on an exchange and creating a digital wallet for the coins. Baxia doesn’t offer this.

Second, you can speculate on cryptocurrency price movements using CFDs. These are derivative products, meaning you won’t buy and sell actual coins. Additionally, you won’t need an account with an exchange, and you won’t need a digital wallet.

Trading derivatives such as CFDs allows you to take a position in both rising and declining markets–meaning you can go long (or ‘buy’) if you think the cryptocurrency will increase in value, or go short (or ‘sell’) if you think it will decline in value. If you owned the actual coins, by comparison, you would only be able to profit if you sold your coins higher than what you paid for them.

Since CFDs are leverage products, you can open a trade by outlaying an initial amount that’s only a fraction of your total exposure to the market. Yet, this leverage can also intensify risks, leading to swift potential losses, particularly in fluctuating and uncertain markets like cryptocurrencies.

In the case of trading CFDs, your losses could exceed your initial deposit. When trading, it’s crucial to always take steps to manage your risk.

Cryptocurrency markets fluctuate based on supply and demand dynamics. Given their decentralized nature, they often stay unaffected by numerous economic and political factors that influence conventional currencies. While there still is uncertainty around cryptocurrency, the following factors can have a big impact on their prices:

• Supply: the sum or total number of coins and the rate at which they’re released, destroyed or lost

• Market capitalization: the value of all the coins in existence and how users expect or anticipate this to be developing

• Press: this is how cryptocurrency is portrayed in the media, as well as how much coverage it is getting worldwide

• Integration: this is the extent to which the cryptocurrency easily integrates into existing infrastructure such as e-commerce payment systems

• Key events: major market events such as regulatory updates, security breaches, as well as economic setbacks

Yes, like any other market, you can profit from cryptocurrency trading if you accurately predict price direction and timing of price movements. However, the volatility of cryptocurrency markets makes them high-risk. Favorable price shifts can yield positive returns, but adverse shifts can lead to rapid and substantial losses.

When using leverage in trading, which magnifies both gains and losses, your risk is increased due to the nature of volatile markets. Before diving into trading, you should always consider whether you can afford potential losses, and as always, make sure you take steps to manage your exposure to risk.

The main difference between a digital currency and a cryptocurrency is that the latter is decentralized. This means cryptos are not issued or backed by a central authority such as a central bank or government. Instead, they operate over a network of computers. While digital currencies embody the features of traditional currencies, they exist solely in the digital realm.

The first cryptocurrency created was Bitcoin. Its domain was established in 2008, but the first transaction happened in 2009. It was made by someone named ‘Satoshi Nakamoto’. However, there is some speculation around this and some people think this is a fake name because no one really knows who ‘he’ is or if it’s even just one person.