Experienced Traders Reveal Best Platforms for Trade Bitcoin India.

Experienced Traders Reveal Best Platforms for Trade Bitcoin India.

What is Bitcoin trading?

Bitcoin trading is one of the most profitable financial commodity as of this time. The online currency has been growing steadily whilst media paint it as a bubble. Regardless, bitcoin trading has been one of the consistent trading favourites. In this guide, we’re going to discuss why you should also try and trade Bitcoin India!

Bitcoin trading is synonymous with Bitcoin CFD trading. A CFD – a contract for difference – is a financial commodity which can be understood as a bet. In Bitcoin Trading, the trader will speculate future price movements and then bet on that speculation by buying CFDs on the platform.

When the price moves, and if your speculation was right, you make a proportional profit. Remember, since it’s the movement of price that makes a profit, you can benefit even in a falling market.

Best Platforms for Trade Bitcoin India

There’s a lot of great platforms for trade Bitcoin India today. These platforms provide exceptional services in CFD trading such as margin trading.

Margin trading is essentially like buying CFDs on a loan from your broker. You need to put in around 50% of the trade, the rest of it is paid by the broker. In the case of CFD trading, this ‘broker’ would be the platform itself.

It will allow you to trade Bitcoin CFDs on the margin that you normally wouldn’t be able to.

So the profit would be all yours, minus the capital that was borrowed. Therefore, it’s pretty useful to trade on margin since you can make higher trades. Be aware that such trading can be risky since if the trade makes a loss, you will lose your initial investment.

So make sure to read a lot about the currencies you want to invest in. Only margin trade after having accumulated a lot of experience.

eToro

eToro is a CFD trading website founded in Tel Aviv, Israel in 2006 by two brothers as a website for social exchange between traders.

This, however, grew into an idea that they could create a trading website and pair the social aspect, making it a sort of Facebook for CFD traders. On the website, you can trade CFDs and connect with your favourite traders, you can follow them and their trades!

Yes, you can actually copy trades that high earning traders are doing; since all of their trades are posted on their wall. You can comment on a trade, start a discussion and even message traders.

That creates a strong community within the traders at eToro and thus they provide great help to beginners. eToro also has a strong educational system to inform traders how to trade as well as warn traders for losses. So it’s definitely one of the best platforms to trade Bitcoin India.

If you’re an experienced Bitcoin trader, you would know that eToro also provides great risk management strategies. It’s quite important for a trader to have strict risk management strategies that prevent them from doing anything stupid.

Here’s Wikicrypto’s full review of eToro.

Plus500

Plus500 is the world’s leading Bitcoin trading platform for financial instruments like commodities, stock and market indices. CFD, contracts for difference, simply allow you speculate or ‘bet’ on the future movement of the price of the financial instruments, such as gold or Bitcoin, regardless of whether current prices are rising or falling.

The Plus500 website is one of the most popular online CFD trading websites, this is because of several reasons; the website has real-time graphs of all commodities that one can trade and it supports over 23 languages.

Moreover, the Plus500 website is reliable because it’s regulated by the UK’s Financial Conduct Authority, so your money is in safe hands!

The Plus500 website has a free sign-up bonus of $25 which can be used for traders who want to experience the world of Bitcoin trading without making any commitments. What’s better is that this free account can be used indefinitely, unlike other trading platforms which require “pro” accounts with deposits.

For us at WikiCrypto, it’s one of the best platforms to trade Bitcoin India.

 

 

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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