Bitcoin and Bitcoin Cash

bitcoin trading

How to Trade Bitcoin (BTC) and Bitcoin Cash CFDs in 4 Easy Steps

  1. Open a trading account with AvaTrade UK
  2. Fund your account
  3. Choose between contracts
  4. Start trading

Bitcoin is a digital currency, otherwise known as a cryptocurrency. It is the world’s first cryptocurrency, and it is rapidly growing in popularity. Now, UK traders can trade Bitcoin as the ideal asset in CFD trades. Thanks to the AvaTrade platforms – AvaTradeAct and MetaTrader 4 – you can trade this volatile currency against the greenback, 24/5. Bitcoin is highly regarded among currency traders, and its volatile nature makes it ideal for CFD trading.

Bitcoin Cash

The new cryptocurrency was created on August 1, 2017, and offered a new version of the blockchain with new set of rules. By switching to the new version, the software now has the capacity for larger number of transactions.

Why to Trade Bitcoin (BTC) and Bitcoin Cash With AvaTrade?

Bitcoin or BTC, is one of the most innovative digital inventions of modern times. It has value because people give it value, not because it is backed by gold bullion or central banks. It is highly attractive and appealing, since it acts as an anonymous, inexpensive, and easy to transfer digital currency. This makes it volatile, and an excellent choice for a financial trading portfolio. Among the many benefits of trading BTC at AvaTrade are the following:

  • We offer UK traders Bitcoin CFD trades with up to 20:1 leverage
  • You can start trading Bitcoin from as little as £250/$250/€250
  • Enjoy live language specific customer support around the clock.
  • AvaTrade is 100% regulated to ensure a seamless trading experience
  • The BTC market is available to traders 24/7, for maximum convenience
  • AvaTrade is regulated to ensure a seamless trading experience
  • The BTC market is available to traders 24/5, for maximum convenience
  • 1-click functionality allows you to buy/sell Bitcoin on our AvaTradeAct and MT4 platforms.

When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it.

  • The maximum accumulated position size for Bitcoin is 100 BTCUSD (10 LOTS).
  • The maximum accumulated position size for Bitcoin Cash is 100 BCHUSD (10 LOTS).

Trading Digital Currency, at AvaTrade UK

Bitcoin was created in 2009 by Satoshi Nakamoto, as a peer-to-peer electronic cash system. It runs on a complex algorithm comprising open source code. Bitcoin offers a secure way of exchanging money online, and it provides complete anonymity to traders. This digital currency is decentralized. It is not backed by the Bank of England, the Fed, the European Central Bank or any other government or authority. Bitcoin users mine this cryptocurrency within a massive global network. Anyone in the United Kingdom and abroad can easily send/receive Bitcoin instantly, with no transaction fees levied whatsoever.

  • The maximum accumulated position size for Bitcoin is 100 BTCUSD (10 LOTS).
  • The maximum accumulated position size for Bitcoin Cash is 100 BCHUSD (10 LOTS).

How Bitcoin Became So Popular

Bitcoin was the first digital currency to be created. It is also the most respected, capitalized and traded cryptocurrency in the world. Bitcoin trading is booming, and a big reason for this is the volatility of this cryptocurrency. Currency trading allows for maximum yield when it is volatile – lots of ups and downs. This is precisely the reason global traders enjoy trading Bitcoin. Plenty of profitable opportunities are available when markets are volatile, and Bitcoin ranks highly with currency traders.

The media plays a big part in the volatility of Bitcoin. Whenever a breaking story surfaces, Bitcoin volatility increases, and traders cash in. History has shown that Bitcoin traders and speculators routinely push this digital currency to the forefront of CFD trading. It is increasingly being used as the preferred payment option at merchants, for money transfers and for trading purposes. More traders are turning to Bitcoin trading than ever before, and that is why this cryptocurrency is inherently valuable. It is a high demand financial trading instrument, despite no association with governments or central banks.

Bitcoins are mined with powerful computer hardware and software. A maximum of 21 million Bitcoin will be available, after which no further bitcoins will be produced. The algorithm which governs the production of Bitcoin limits the quantity that will be produced, and the rate at which they will be produced. It is a finite commodity – there is a fixed amount, and that ensures that greater demand will always prop up the price. In this way, it is similar to other finite commodities such as crude oil, silver, or gold.
Don’t miss your opportunity to get trading with the hottest CFD on the markets. Trade Now!

Bitcoin’s Rise to Prominence

Around 2008, Satoshi Nakamoto founded Bitcoin. At the time a paper was published through the Cryptography Mailing List. The first Bitcoin software client was released in 2009, and he collaborated with many other developers on the open-source team, careful never to reveal his identity. By 2011, the enigmatic Bitcoin founder had disappeared. His peers understood how valuable this cryptocurrency was, and worked feverishly to develop it to its maximum potential.

By October 2009, the world’s first Bitcoin exchange was established. At the time, $1 was the equivalent of 1,309 Bitcoin. Considering how expensive Bitcoin is today, that was a real steal. Bitcoin traded at a fraction of a penny for quite some time, however things changed in 2010. As the distribution of Bitcoin increased, the digital currency became inherently more valuable. Demand increased, and this reversed the exchange rate accordingly. In early 2010, the currency was gaining momentum, and so the distribution of the Bitcoin started to increase along with its demand, by November of that year 4 million Bitcoins had been ‘mined’. And so the rise of the Bitcoin began…


Bitcoin in the News

Recent Bitcoin Facts:

  • In August 2017 Bitcoin reached a market capital of over $73.4 billion
  • Reached a record high of $4,400 in August 2017
  • Analysts predict Bitcoin could hit $7,500 in 2018
  • Global political uncertainty boosts investor sentiment
  • Blockchain splits and creates Bitcoin Cash

We are Here to Help You Trade Bitcoin and Bitcoin Cash

AvaTrade offers you the opportunity to Buy (go long) or Sell (go short) on Bitcoin trades. This service is available to you 24/7. You can use your preferred trading strategies to buy or sell Bitcoin and Bitcoin Cash regardless of which way the currency is moving.

*We encourage you to read up about Bitcoin trading here at AvaTrade by visiting the Trading Conditions & Charges page.

Register Now and begin trading Bitcoin and Bitcoin Cash CFDs with AvaTrade.