Trading major cryptocurrencies like Bitcoin, Ethereum and Litecoin through established brokers like Exness offers traders significant advantages compared to dealing with crypto exchanges directly. As a regulated forex and cfd broker with over 15 years of market experience, Exness provides a robust, user-friendly platform for crypto trading alongside superior liquidity, tight spreads, accountability, and risk management tools.
Why Trade Crypto CFDs Instead of Actual Coins?
Exness offers cryptocurrency trading through Contracts for Difference (CFDs) rather than dealing with actual coins themselves. This means traders can speculate on crypto price movements without needing digital wallets or worrying about safe storage. By trading CFDs, you do not actually own the cryptocurrency but rather a contract with profits or losses determined by market price changes. Here are some major benefits of crypto CFD trading:
Increased Safety
Without requiring crypto wallets, traders avoid risks associated with hacks, forgotten passwords, lost hardware leading to inaccessible funds, and mistakes sending coins to the wrong recipients irretrievably. Account security adheres to regulatory standards, including segregated accounts, mandatory authentication, and data encryption.
Simplicity
Opening long or short positions on cryptos at Exness occurs through the same singular trading platform used to trade Forex, commodities, indices, and stocks. Rather than needing mastery of managing external wallets, exchange accounts, and transfer networks, traders can access unified access to get operational quicker.
Responsible Leverage
While Exness permits up to 1:20 leverage on crypto CFDs, this remains far lower than highly risky offers by offshore brokers exceeding 1:100 ratios magnifying losses. Responsible leverage management by reputable brokers like Exness complies with European regulations protecting traders.
For those seeking crypto exposure without complications, owning assets firsthand entails CFD trading, simplifies speculation with responsibility.
Why Choose Exness for Crypto Trading
Founded in 2008, Exness emerged as an award-winning market leader overseeing $1 Trillion+ in annual transactions across 180+ countries while becoming heavily regulated internationally to ensure fair, ethical trading. Here’s why crypto trading with exness shines when trading:
Tight Spreads From Top Liquidity Providers
Exness exclusively partners with executed two Tier-1 liquidity providers, achieving industry low crypto spreads averaging just 0.4 pips on BTCUSD and 0.06 pips on ETHUSD during normal conditions. This transactional efficiency enables easier profitability without wide spreads continually compromising position entries and exits.
Low Commissions
Round-turn commission charges per completed trade, averaging under $3.5 per lot regardless of exchanged position size, promote active trading, tackling volatile crypto moves without excessive recurring fees hampering intraday action. Low commissions incentivize engagement.
Account Protection Under FCA UK
Exness operates under one of the strictest regulators globally, with FCA UK overseeing transparency, capital requirements, asset segregation, and stringent reporting protecting traders. Stringent auditing ensures ethical accountability, minimizing risks that unregulated brokers invite, failing to satisfy mandated criteria and shielding account holders themselves without adequate supervision.
Award-Winning Trading Platform
Exness proudly receives recognition annually for its proprietary trading platform, touted as one of the industry’s fastest and most intuitive interfaces packed with 75+ technical indicators, immediate order execution, and innovative trading tools seamlessly managing active CFD traders. Cutting edge remains user-friendly.
For those seeking to capitalize on crypto volatility safely and responsibly, Exness provides the proven trading infrastructure and product depth trusted by clients worldwide. With a steadfast 15-year track record of excellence, Exness has met every trader’s needs at unmatched values.
How to Trade Bitcoin & Ethereum CFDs at Exness
Opening a crypto CFD trading account at Exness requires just minutes entirely online, allowing swift access to dynamic digital currency markets. Follow these simplified steps and begin trading Bitcoin, Ethereum, or other cryptos without delays.
- Complete Account Application Visit Exness.com and submit quick verification application to open your account. Approvals are finalized within 24 hours. Fund your account.
- Download MT4 / MT5 Platform Access your Exness dashboard and download either the MT4 or MT5 desktop platform for manual trading or to utilize Expert Advisors for automated trading.
- Analyze Charts & Market News Utilize 75+ technical indicators, drawing tools and integrated trading view charts identifying optimal trade entry and exit levels based on quantifiable signals or fundamental news events and data.
- Enter Trades Once analysis is completed, simply enter desired trade details, including currency pair like BTCUSD or ETHUSD, trade size in base currency terms, and stop losses & limits before submitting the order ticket, executing immediately as market orders upon confirmation.
- Manage Positions Once positions open and enter profits, utilize trailing stops or limits riding momentum. For losing trades, set stop losses based on percentage risk rules, allowing trades room to fall before exiting automatically, preventing account wipeouts.
Trading cryptocurrencies now seamlessly integrates alongside all other asset classes tradable from one Exness account catering to diverse investment interests using unified platforms.
Key Strategies for Profitable Crypto Trading
Mastering the basics of crypto trading with exness
is simply the first step towards sustainable trading careers. Implementing winning game plans, and leveraging tools provided empowers perfecting crafts.
Fundamental Analysis
Stay updated on critical news events like technology breakthroughs, mainstream adoption developments, competitive landscapes, regulatory shifts, and social media narratives that historically catalyze explosive crypto volatility in either direction depending on developments.
Technical Analysis
Crypto prices aggressively respond to quantifiable technical indicators like RSI divergence, Fibonacci retracements, triangle chart pattern breakouts, MACD crossovers, and long-term moving average dynamic support and resistance levels. Masterchart reading maximizes timing.
Risk Management
The volatile nature of crypto demands strict risk management, utilizing stop losses and avoiding overexposure that could erase accounts that chase runaway moves. Size positions based on maximum loss tolerance and utilize options like Exness protections guaranteeing closure at chosen negative levels.
Also Read: How to Set the Stop Loss (SL) and Take Profit (TP) Targets
Portfolio Diversification
While crypto presents tremendous upside, uncertainties persist regarding long-term adoption and legalization. Contributing only portions of capital to crypto trading while balancing other assets like stocks, commodities Forex, and indices minimizes overall risk, allowing traders to simultaneously capitalize across opportunities.
The exciting emergent world of cryptocurrencies offers traders tremendous opportunities but also unique risks beyond other mature markets. Exposure engages smartly by responsibly engaging these digital assets through respected brokers like Exness trusted safeguarding interests for over 15 years.
Conclusion
As cryptocurrencies gradually gain mainstream traction supported by major corporations now accepting coins driving adoption plus regulators now establishing legal frameworks legitimizing the space, price trajectories forecast massive moves, making crypto assets attractive speculative trading vehicles delivering explosive gains when timed appropriately. By utilizing established broker Exness for trading top coins through secure, regulated CFD derivatives shielding traders from direct coin custody risks that confront exchanges, participants enjoy the upside potential in Bitcoin, Ethereum, and altcoins minus the downside dangers of mishandling assets themselves.