Your capital is always at risk when trading
Table Explanations for Bitcoin CFD trading
Markets: Cryptomarkets and other instruments
Fees: Trading. Deposit and withdrawal fees
Platforms: Web trading, Downloadable trading, Apps, Metatrader
Features: API, No loss protection, guaranteed stop loss etc
Support: Chat, Email, 24/7, FAQ, support ticket, support response
Deposit Methods: Credit card, Bank Wire, Bitcoin, E-wallets
Forums: General reputation
Promotion: Welcome bonus, Deposit bonus, trading challenges
Education: E-Books, Webinars, Films, quiz
Regulation: Regulations by authorities
What is Bitcoin CFD trading?
Bitcoin CFD trading is a relatively new product. A CFD (contract for difference) is a tradable instrument that mirrors the movements of the asset underlying it. With a CFD you can make profits or losses when the underlying asset increase or decrease in price. The actual underlying asset is never owned. Essentially, a CFD is a contract between you and the broker.
What is Bitcoin Social Trading?
Social trading is becoming more and more popular, even for cryptocurrencies such as Bitcoin. The basic principle of Social Trading is to learn from each other. The crowd wisdom is always better than the individual wisdom. Etoro has done this in a smart manner and is definitely the leader among the social trading platforms. You can read more about Best Bitcoin Social Trading in our blog post.
Best Bitcoin Trading Bonus
There are no deposit bonuses from CFD brokers. Bitcoin CFD trading bonuses have been stopped by regulators since there are so many people loosing money in CFD trading. Read more about this in our blog post, best Bitcoin trading bonus.
Passive Trading with CFD Brokers
There is not many alternatives in passive trading. However, eToro has developed a platform where this is possible. You can copy other traders portfolios. But another way that might be better is that you actually can copy the market in eToro´s Crypto CopyFund. Read more about this in our blog post, Etoro Crypto CopyFund.
Can I Short Cryptocurrency with Bitcoin CFD?
On all presented platforms it is possible to short all the supported cryptos on each platform. When you short an asset you borrow the asset from an owner and sell it for the current price. The reason for doing this is to buy back the asset in the future for a lower price and give back to the owner. When shorting an asset you will earn money when the asset decreases in value.
Read our full guide on how to short Bitcoin on Binance or BitMEX.
Extra Features on Bitcoin CFD brokers
All presented platforms have many extra features such as trading tools, free trading education, promotions, trading forums, additional trading instruments and much more. These trading platforms will earn more money when their customers make good trades (in contrast to betting and casino companies). Therefore, they will help all their customers to become profitable.