RATE Group | How do I start trading cryptocurrencies? The basics of cryptocurrency trading
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How do I start trading cryptocurrencies? The basics of cryptocurrency trading

31 Jul How do I start trading cryptocurrencies? The basics of cryptocurrency trading

Posted at 11:00h in Cryptocurrency News by

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Bitcoin, mining, blockchain, ledgers, oracles and wallets. The technical names that describe various components of this technology can prove intimidating. With that in mind, here are five things you should be aware of before trading cryptocurrencies, and why spread betting or contracts for difference (CFDs) products could be a sensible introduction.

Cryptocurrencies: the basics

Cryptocurrencies are a form of digital currency, using cryptography for security and acting as a medium of exchange. They aren’t issued by a central authority and transactions are recorded on a public, decentralised ledger, typically a ‘blockchain’. This blockchain is theoretically immune to manipulation or corruption. So, what is a ‘blockchain’ and how does it work?

Blockchain unravelled

A blockchain is a digitalised, decentralised public ledger of all…

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