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Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger.
Cryptocurrency received its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.
As cryptocurrencies evolved, profit-making possibilities also increased. One such method is cryptocurrency CFD trading. The method of day trading, originating from the stock market, has made its way into the cryptocurrency markets. Crypto CFDs are much the same, just with cryptocurrency rather than fiat currency.
Crypto CFDs are a little more complex than traditional spot trading, but it can be lucrative. We go over everything you need to know about crypto CFDs, including what they are and how they work.
features
- 20 Crypto CFDs, including: Bitcoin, Ethereum, Stellar, Dogecoin and more
- Low Spreads
- Low trading costs
- Leverage up to 1:2
- Negative Balance Protection
- Safe and transparent account
calculation
- GLOBALINVEST Trading Hours: Sunday – Friday (22:00 – 22:00) Server Time
- Min and Max Lots per trade: 0.01 lots – 500 lots
- All contract size is 100,000 of the base currency
- Subject to change without prior notice
- Leverage USDTRY 1:25, EURTRY 1:15. Swaps will be charged on these currency pairs even if a swap-free setting is enabled.
Margin Requirement Calculation Formulas:
Example for calculating the margin requirement for GLOBALINVEST trades is as follows:
Required Margin = (Trade Size (lot size) / leverage) * account currency exchange rate (if different from the base currency in the pair being traded).
