How to Trade Bitcoin (BTC) CFDs?
Bitcoin is a digital currency, otherwise known as a cryptocurrency. It is the world’s first cryptocurrency, and it is rapidly growing in popularity. Now, UK traders can trade Bitcoin as the ideal underlying asset in CFD trades. Thanks to the AvaTrade platforms – AvaTradeAct and MetaTrader 4 - you can trade this volatile currency against the greenback, 24/5. Bitcoin is highly regarded among currency traders, and its volatile nature makes it ideal for CFD trading.
- We offer Bitcoin CFD trades with up to 20:1 leverage
- You can start trading BTC from as little as £100/$100/€100
- Enjoy live language specific customer support around the clock
- AvaTrade is 100% regulated to ensure a seamless trading experience
- The BTC market is available to traders 24/5, for maximum convenience
- 1-click functionality allows you to buy/sell BTC on our AvaTradeAct and MT4 platforms
Trade Bitcoin and other cryptocurrencies at AvaTrade, and enjoy a generous welcome bonus up to £10,000.
Trade Bitcoin, the World’s Leading Digital Currency, at AvaTrade
Bitcoin was created in 2009 by Satoshi Nakamoto, as a peer-to-peer electronic cash system. It runs on a complex algorithm comprising open source code. Bitcoin offers a secure way of exchanging money online, and it provides complete anonymity to traders. This digital currency is decentralized. It is not backed by the Bank of England, the Fed, the European Central Bank or any other government or authority. Bitcoin users mine this cryptocurrency within a massive global network. Anyone in the United Kingdom and abroad can easily send/receive Bitcoin instantly, with no transaction fees levied whatsoever.
Open Source Code – How Bitcoin Became So Popular
Bitcoin was the first digital currency to be created. It is also the most respected, capitalized and traded currency in the world. Bitcoin trading in the United Kingdom is growing rapidly, and a big reason for this is the volatility of this cryptocurrency. Currency trading allows for maximum yield when it is volatile – lots of ups and downs. This is precisely the reason UK traders enjoy trading Bitcoin. Plenty of profitable opportunities are available when markets are volatile, and BTC ranks highly with currency traders.
The media plays a big part in the volatility of Bitcoin. Whenever a breaking story surfaces, BTC volatility increases, and traders cash in. History has shown that Bitcoin traders and speculators routinely push this digital currency to the forefront of CFD trading. It is increasingly being used as the preferred payment option at merchants, for money transfers and for trading purposes. More Britons are turning to BTC trading than ever before, and that is why this cryptocurrency is inherently valuable. It is a high demand financial trading instrument, despite no association with governments or central banks.
Bitcoins our mined with powerful computer hardware and software. A maximum of 21 million BTC will be available, after which no further Bitcoin will be produced. The algorithm which governs the production of Bitcoin limits the quantity that will be produced, and the rate at which they will be produced. It is a finite commodity – there is a fixed amount of it, and that ensures that greater demand will always prop up the price. In this way, it is similar to other finite commodities such as crude oil, silver, or gold bullion.
Bitcoin’s Rise to Prominence
Around 2008, Satoshi Nakamoto founded Bitcoin. At the time a paper was published through the Cryptography Mailing List. The first Bitcoin software client was released in 2009, and he collaborated with many other developers on the open-source team, careful never to reveal his identity. By 2011, the enigmatic Bitcoin founder had disappeared. His peers understood how valuable this cryptocurrency was, and worked feverishly to develop it to its maximum potential.
By October 2009, the world’s first Bitcoin exchange was established. At the time, $1 was the equivalent of 1,309 BTC. Considering how expensive Bitcoin is today, that was a real steal. BTC traded at a fraction of a penny for quite some time however, things changed in 2010. As the distribution of BTC increased, the digital currency became inherently more valuable. Demand increased, and this reversed the exchange rate accordingly. At that time, some 4 million BTC were mined, and the process had begun.
In early 2010, the currency was gaining momentum, and so the distribution of the Bitcoin started to increase along with its demand, by November of that year 4 million Bitcoins had been ‘mined’.
And so the rise of the Bitcoin began…
What Are the Inherent Advantages of Trading BTC?
Bitcoin or BTC, is one of the most innovative digital inventions of modern times. It has value because people give it value, not because it is backed by gold bullion or central banks. It is highly attractive and appealing, since it acts as an anonymous, inexpensive, and easy to transfer digital currency. This makes it volatile, and an excellent choice for a financial trading portfolio. Among the many benefits of trading BTC at AvaTrade are the following:
- UK traders get to enjoy high leverageof up to 20:1
- BTC is not bound by borders, and now traders in Wales, Ireland, England, Scotland and beyond can easily trade BTC
- There are zero commissions on BTC trading and no bank fees levied on transactions, making it a far more profitable undertaking
- AvaTrade UK drives the cost of trading BTC as low as possible, to attract new traders from across Britain
- You can deposit as little as £100/$100/€100 at AvaTrade to begin trading BTC
We are Here to Help You Trade Bitcoin
AvaTrade UK offers you the opportunity to Buy (go long) or Sell (go short) on Bitcoin trades. This service is available to you 24 hours a day while the financial markets are open for business. You can use your preferred trading strategies to buy or sell BTC regardless of which way the currency is moving.
We encourage you to read up about Bitcoin trading here at AvaTrade by visiting the Trading Conditions & Charges page.
Claim a generous registration bonus up to £10,000 when you begin trading Bitcoin CFDs with AvaTrade.