Cryptocurrency Trading

Speculate on the market action of the newest and most promising cryptocurrencies throughout the world like Bitcoin, Ethereum, Ripple and Litecoin with an FSA controlled Forex CFD Provider. Starfinex provides worldwide trading cryptocurrencies without having the underlying ownership.

What is Cryptocurrency trading?

Cryptocurrency trading is the act of trading on fluctuations in cryptocurrency values through a CFD trading portfolio, or of purchasing and selling the underlying coins via an exchange.

CFDs trading are derivatives that allow you to gamble on market fluctuations in cryptocurrencies without taking control of the underlying coins. You can go long (‘buy’) if you feel the value of a cryptocurrency will increase, or short (‘sell’) if you think it will decline. If you buy cryptocurrencies from an exchange, you buy the coins yourself. To open a spot, you would need to create an exchange account, set up the asset’s maximum valuation, and hold the cryptocurrency tokens in your wallet before you are ready to sell.

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Explaining Blockchain

A blockchain is a distributed public registry with stored records. It is the trade background with cryptocurrencies within each unit of the coin and demonstrates how ownership has shifted through time. Blockchain operates by storing transactions in ‘blocks’ at the top of the chain, with additional blocks inserted. Blockchain technology has unique security features which are not provided by normal computer files.

Cryptography

Cryptography links blocks next to each other-complex mathematics and computer science. Every effort to change data breaks the cryptographic connections between chains, so machines in the network will easily mark themselves as malicious.

Consensus Network

A blockchain file is often processed on several computers across a network – rather than in a centralised location and is typically accessible by anyone in the network. This tends to make it both transparent and also very difficult to imitate with no hacks vulnerable to any weak point, or human or software error.

Benefits of Trading Cryptocurrency with Starfinex

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There is no 3rd party bridges and no auto account syncs when you trade with Starfinex. We offer maximum features to upgrade your MetaTrader 5 trading experience.