A trader places an order, setting the price which he or she can pay for buying or wants to get for selling a cryptocurrency. If some other trader stands ready to strike a deal at the stated price, then the deal is conducted and the cryptocurrency moves from one trader to another.
In cryptocurrency trading, investors profit from fluctuations of exchange rates without physical buying or selling a cryptocurrency. If traders expect prices to fall, they open a sell deal, whereas if they anticipate a rise, they open a buy deal. If their expectations are met, then traders get profits on the difference of buying and selling price. This trading instrument is called a contract for difference (CFD).
When traders buy or sell cryptocurrencies, they make a deal with other traders by placing the corresponding orders on the exchange. As a result, a cryptocurrency is transferred from one trader to another. After that, this money can be withdrawn or used for conducting one more transaction.
There is no commission. However, a payment system or a bank can charge some fee for carrying out a transaction.
When you buy or sell cryptocurrencies, a commission of 0.1% is charged.
When trading cryptocurrencies, either spreads or commissions are charged. Besides, there are swaps. The detailed information is presented in the contracts’ specifications.
The available leverage is from 1:1 to 1:10.
The minimum deal size is 0.01 while the maximum is 10,000.
The following currencies can be deposited to an account on a cryptocurrency exchange: USD, EUR, RUB, USD Cents, and EUR Cents.
To calculate a margin, multiply the current price by the size of a deal and divide it by the leverage.
It is USD 10.
Yes, they are. There are no restrictions on using these strategies.
Yes, it is.