AvaTrade is owned and operated by AVA Trade EU Ltd, and fully regulated by the Central Bank of Ireland, B.V.I. Financial Services Commission, FSP and ASIC, among others. AvaTrade is one of the premier trading brokerages with a wide range of financial assets including cryptocurrency.
AvaTrade offers traders multiple digital currency options, 24/7. It is possible to trade Bitcoin, Bitcoin Cash, Litecoin, Dash, Ripple, Ethereum and Ethereum Classic among others.
At AvaTrade, there are many benefits to trading cryptocurrency, and it is easy and affordable for novice traders and experienced professionals alike. Here are some of the reasons why traders have selected AvaTrade as their #1 trading platform for cryptocurrency:
- All trading is conducted on AvaTradeGo and MT4 and digital currency can be traded via mobile
- Currently, AvaTrade offers Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, DASH, Litecoin and Ripple.
- Traders can enjoy full charting functionality and live quotes on digital currency options
- AvaTrade offers support on all digital currency-related services in 14 languages, with leverage of 20:1
- All the leading cryptocurrencies can be traded (go short or go long) at AvaTrade
- The minimum trading amount is $100, or the equivalent in EUR, GBP etc.
Trading Cryptocurrency at AvaTrade
The list of available cryptocurrencies at AvaTrade is extensive, and traders can easily pick their preferred options from the list of available digital currency options. The 4-step process to trading Bitcoin and Bitcoin Cash is as follows:
- Navigate to AvaTrade and open an account
- Deposit funds into your account
- Choose your preferred contract
- Commence trading
These digital currency options (Bitcoin and Bitcoin Cash) are among the most popular of all the options on the market. They are traded in a CFD format – contracts for difference – on the MT4 platform. Owing to its volatility, there is profit potential with price fluctuations. Bitcoin Cash resulted from the hard fork on August 1, 2017 and it is the latest version of this blockchain technology to hit the scene. It allows for a larger number of transactions to be processed every second, since traditional Bitcoin is limited in that capacity. Among the many benefits of trading cryptocurrency at AvaTrade are no bank fees on BTC and BCC transactions, 0 commissions, and rapid processing.
Another benefit of Bitcoin trading and digital currency overall, is that the markets run 24/7. Unlike conventional equities markets, commodities markets, and currencies markets which are limited to trading sessions around the world, digital currency trades 24/7. Thanks to the MT4 platform at AvaTrade it is possible to instantly click and trade BTC, BCC, ETH, LTC, Dash and Ripple. It should be remembered that all digital currency trading options at AvaTrade are derivatives trading options. You do not take physical ownership of the underlying asset – you simply trade price movements. This means that once the trade has concluded and the option has expired, a profit or loss will be incurred.
At AvaTrade, the maximum BCC position is 100 (BCH/USD) at 10 lots, and the maximum for Bitcoin (BTC) is 100 BTC/USD (10 lots). Traders have the option of a demo trading platform, or a real money account with cryptocurrency. The markets exploded in August and September 2017, as BTC broke the $5,000 per unit barrier before retreating. AvaTrade provides in-depth analysis, news and insights into digital currency trading, with recent Bitcoin facts, assistance and advice.
Trade Cryptocurrency with a Demo Trading Account at AvaTrade
Additionally, the CFD nature of digital currency trading means that profits can be generated whether you go long or short using your trading strategies. New traders at AvaTrade are offered a generous welcome bonus up to $10,000 when they trade digital currency like Bitcoin or Bitcoin Cash in a CFD format. It all begins with a demo trading account, which you can open with your Facebook or Google account. Alternatively, you can simply enter your first and last name, email and telephone number to get started.
Support Related to Cryptocurrency at AvaTrade
Traders can contact customer support at any time by clicking on the ‘?’ off to the side of the screen. Typical questions about cryptocurrency include the following:
- When is cryptocurrencies trading available?
ANSWER – all week long and during the weekend, but on weekends only the closing of positions is available
- What are cryptocurrencies?
ANSWER – Cryptocurrencies are digital currencies that are fully maintained online and they are priced in USD.
- Why trade cryptocurrencies?
ANSWER – These digital currency options have seen a massive spike in interest in popularity in mid-2017, and blockchain technology is being adopted on a widespread basis. Individual market transactions have a significant impact on cryptocurrency exchange rates, since they are not as popular as the USD/EUR, or GBP/USD etc.
Deposit and Withdrawal Options
AvaTrade allows traders to make deposits via multiple channels, including debit cards, wire transfers, and credit cards. There are also various e-payments that are available, however these are not available for EU clients. To get started, simply navigate to the my account section of the website and choose your preferred deposit method.
Bottom Line
AvaTrade is internationally recognized as a leading trading brokerage. Cryptocurrency trading is now one of the most popular options among all the financial instruments at this brokerage. Thanks to the MT4 trading platform, traders can access cryptocurrency on desktop, PC and mobile, with leverage of 20:1. Traders can go long or short on a wide range of digital currency options. Service excellence, generous promotional offers and a reliable platform are hallmarks of AvaTrade.
Pros
- Demo trading account
- 250 tradable instruments
- Global licensing and regulation
Cons
- List of tradable assets not visible on site before registration
- Doesn’t offer guaranteed stop losses
