By now you must have heard about the cryptocurrency trading. Many people are starting to trade in it, and it has proved to be lucrative than you might have thought. In fact, the market value is over $170 billion up from $10 billion in just one year.
Cryptocurrencies are just digital currencies with no central bank controlling it like in the case of these other currencies you are used to. This means that cryptocurrencies like bitcoin cannot be manipulated or inflated by anyone because it uses encryption technology to control its production and distribution.
Some online trading brokerage firms are offering excellent cryptocurrency trading services, and they include AvaTrade and Trade 212 among others. In this article, we will discuss the two platforms.
AvaTrade was formed in 2006 and was the first brokerage firm to offer bitcoin trading service in the UK besides more than 250 trading instruments. Their activities are overseen by local and international bodies including Central Bank of Ireland.
Avatrade features novice-friendly trading platforms, Meta Trader 4 and AvaTrader. Once you join the Avatrade, you get not only huge bonuses but also step-by-step training and trading strategies.
The platform allows you to trade bitcoin with CFDs and when you get stuck, you have access to their customer service all day throughout the week.
Besides the AvaTrade.com, Trade 212 is another big firm offering crypto trading services. The firm has been around for a while now, and it is already taking over the Europe crypto market considering that they are new to this market.
Trade 212 deals with Bitcoins, Ether among other cryptocurrencies. Also, they have a small bitcoin market where you can buy a fraction of bitcoin value (one-tenth of actual value) to help you manage risks.
Nick Saunders, the Chief executive at Trade 212, mentioned that they had benefited immensely through crypto trading. Their Bitcoin trading app is already taking the UK market by storm, boasting tens of thousand downloads.
Their success is attributed to a unique position they unveiled seeing them offering commission-free dealing with 10 or lower trades monthly for any trading no exceeding £10000. This incentive allows over 90 percent of their customers paying no commissions.
Read more AvaTrade review on Twitter