Bitcoin is a digital currency (electronic cash) created in January of 2009 by a person or group of people under the pseudonym of Satoshi Nakamoto, right after the most recent economic crisis. Bitcoin is not issued by a central bank, government or company but it’s produced based on a blockchain technology, a decentralized public ledger enforced by thousands of computers, maintained by people who “lend” their machines' ability to create bitcoins and record all transactions made. Bitcoin was established to fulfil the need of transferring cash online without an intermediary, using only a peer to peer technology. 

To invest in Bitcoin, you need to set-up a digital wallet to buy the digital coin online and store it. Furthermore it’s not possible to short sell Bitcoins through crypto or bitcoin exchanges.

However, when you trade Bitcoin at Baxia Markets, you’re actually trading a Bitcoin CFD, a derivative product of the underlying asset that you can make a profit from by speculating on the change in the underlying asset price. At Baxia Markets, Bitcoin is quoted against the major fiat currencies as US Dollar, Euro and other cryptocurrencies as well.  This means that when you trade the BTCUSD pair, for example, you’re buying Bitcoin and you’re selling USD.

The main advantages of trading Bitcoin CFD is to be able to open a buy or sell position on Bitcoin. Here, you don’t have to actually own a Bitcoin to benefit from a potential bear or bull market. Moreover, you’ll benefit from the leverage available. This allows you to open a larger position with a smaller deposit. You won’t need thousands of dollars to be able to make profits with Bitcoin. 

Open an account with us and start trading Bitcoin today. There is no commission.