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What are Cryptocurrencies?

Cryptocurrencies are decentralized digital payment technologies that have gained popularity in the past decade. Though the trend started with Bitcoin, dozens of alternatives are available nowadays. They are recorded in digital registers called blockchains. When a user sends cryptocurrency to another, they send it to a digital wallet. The currency can be used as is or cashed out at the market price. All transactions are verified via a process called mining.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. See our full Risk Disclosure and Terms of Business for further details.