Why Trade Cryptocurrency?

Want to know some reasons why traders love the cryptocurrency market? Read on to find out what makes it so attractive!


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590 shares, 463 points
  1. 1 Advantages Of Cryptocurrency Trading?


    These are the points that make trading cryptocurrencies more attractive when compared to Forex and CFD markets.

    1. Cryptocurrency market is Building a  Track Record
      Cryptocurrency market has managed to overcome multiple hurdles in its short but lively history. The fact that it is “alive and kicking” shows its strength to endure for almost a decade in a tough financial environment with competitors such as Gold, Silver, established currencies like the US Dollar, and other assets. Cryptocurrencies are frequently used as a method for payment and more vendors and stores are accepting it. It is also clearly storing value as the market participants accept a price of more than $7000 per Bitcoin as of recently.
    2. Cryptocurrency Offers a Hedge and Diversification
      Are you worried about government debt, central bank quantitative easing, and the value of fiat currencies? Cryptocurrency market does offer a way to spread the risk and hedge one’s portfolio.
      A hedge is more a way to mitigate the risk of an economic recession or even an economic downturn which is when other assets become less valuable.
    3. No commissions
      No clearing fees, no exchange fees, no government fees, no brokerage fees.
    4. Low transaction costs
      The retail transaction cost (the bid/ask) is typically less than 0.01% under normal market conditions.
    5. No middlemen
      Cryptocurrency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular cryptocurrency pair.
    6. A 24-hour market
      There is no waiting for the opening bell. From the Monday morning opening to the afternoon close, the cryptocurrency market never sleeps.
      This is awesome for those who want to trade on a part-time basis because you can choose when you want to trade: morning, noon or night.
    7. Cryptocurrencies  Solve Huge Problems
      A lot of people might not see it, the cryptocurrencies solve problems for citizens of many countries. Here are some issues that could stimulate demand for cryptocurrencies:
    8. High inflation: when prices in the shop rise quickly, it could be a good alternative to have some of the cash stored in cryptos.

      Capital controls: some countries restrict the movement of capital from the country. Bitcoin was for example popular in Argentina, which made transfers difficult.

      Confiscation of assets: a government is able to stripe away ownership of many assets but not Bitcoin.

      Ultra high fees: bank transfer and payment fees do add up and Bitcoin seems to be challenging that cost structure.
    9. Low Barriers to Entry
      You would think that getting started as a cryptocurrency trader would cost a ton of money. The fact is, when compared to trading stocks, forex, options or futures, it doesn’t. You can fund your exchange account with as low as 10$






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