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Cryptocurrencies – the essentials
Cryptocurrencies are digital coins, functioning as mediums of exchange. People can transfer them between each other, without any intermediaries and any interference of central banks or any other financial institution. Anyone can find all these transactions recorded on a public ledger called the blockchain.
Cryptos are created through mining, the process of verification of every transaction and maintaining the blockchain populated.
Initially, you could only buy them on exchanges, using a digital wallet for storage until you wanted to start selling. That’s until trading CFDs on cryptos started emerging.
Trading Crypto CFDs vs. Buying Crypto on exchanges
Factors influencing crypto prices
Lightning speed execution with razor-thin spreads
Safety of funds
CFDs on different types of asset classes for you to trade: Forex, Stocks, Indices, Commodities, Cryptocurrencies, and Blends!
How to trade on Forex on arbitfx
Log in to your account or create account
Go to the Forex section and choose your favorite instrument
Set your trade size
Choose direction (Buy or Sell) based on your assessment of the influencing factors
Place your trade!