Cryptocurrencies
Trade CFDs on the world’s leading cryptocurrencies.
What are Cryptocurrencies?
Everyone is talking about Cryptocurrencies these days! But what are these mysterious Cryptocurrencies? Let us take a dive into the world of Cryptos!
Cryptocurrencies are among the newest innovations in the financial world, providing a decentralised network where transactions can be conducted without intermediaries! Simply put, transactions can be conducted without the involvement of middlemen, such as central authorities and financial institutions.
Because of their virtual nature, cryptocurrencies are not backed by any real-world commodity or central bank, although they are quoted in conventional currencies such as the US dollar.
In fact, Cryptocurrencies rely on the law of supply and demand just like a stock or currency does. Therefore, the price of cryptocurrencies fluctuates based on the number of people who want to buy or sell it at any given moment.
Cryptocurrencies are growing at an accelerated rate, as the blockchain network unlocks new possibilities daily. Enter the Crypto trading area with Fx Pine Pro and start trading CFDs with some of the biggest names: Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Stellar, Chainlink, Solana and EOS!
Why TRADE CRYPTOCURRENCIES
with Fx Pine?
Leverage opportunities in an ever-popular market powered by disruptive fintech innovation.
![Why TRADE CRYPTOCURRENCIES With Tickmill? Why TRADE CRYPTOCURRENCIES With Tickmill?](https://d1fyjtrsl71uh.cloudfront.net/images/mobile-screen/instruments-cryptocurrencies-why-trade-side-image-new.jpg)
CRYPTOCURRENCIES
Instrument | Minimum Spread | Typical Spread | Long Position | Short Position |
ADAUSD | 0.007 | 0.02 | 0 | 0 |
BTCUSD | 12 | 24.9 | 0 | 0 |
EOSUSD | 0.01 | 0.02 | 0 | 0 |
ETHUSD | 1.01 | 2.06 | 0 | 0 |
LINKUSD | 0.08 | 0.13 | 0 | 0 |
LTCUSD | 0.04 | 0.08 | 0 | 0 |
SOLUSD | 0.15 | 0.15 | 0 | 0 |
XLMUSD | 0.002 | 0.002 | 0 | 0 |
XRPUSD | 0.0002 | 0.001 | 0 | 0 |
Meet The Cryptos
BTC
Bitcoin (₿) is a decentralised digital currency created in January 2009, by an individual or group - the identity of which is still a mystery to this day (!) - under the pseudonym Satoshi Nakamoto.
Unlike traditional currencies, Bitcoin operates without a central bank or single administrator, as it can be sent from user to user on a decentralised network without the need for intermediaries. Using cryptography, network nodes verify transactions and record them in a public distributed ledger called a blockchain.
Bitcoin doesn't need any further introduction as it dominates crypto space!
The first virtual currency, Bitcoin, started out turbulently, but soon became popular and in high demand, inspiring so many other cryptocurrencies to rise!
ETH
Ethereum is a decentralised, open source blockchain platform whose native cryptocurrency is ether (ETH). Conceived in 2013 by programmer Vitalik Buterin, Ethereum enables the creation and maintenance of public ledgers, while it allows anyone to deploy permanent and immutable decentralised applications onto it, with which users can interact.
Decentralised finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries, allowing cryptocurrency users to borrow against their holdings or lend them out for interest.
Amongst others, Ethereum also enables the creation and exchange of NFTs (non-interchangeable tokens), which can be connected to digital artworks and sold as unique digital property.
LTC
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin, founded in 2011, was one of the first altcoins, derived from Bitcoin's original open-source code.
Litecoin is based on an open-source global payment network that is not controlled by any central authority. With Litecoin, you get a faster block generation rate and a proof-of-work (PoW) scheme using Scrypt.
Cardano
Cardano (ADA) is a third generation, decentralised proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. PoW networks like Ethereum have limited scalability, interoperability, and sustainability due to infrastructure burdens such as increasing costs, energy consumption, and slow transaction times.
Charles Hoskinson, co-founder of Ethereum, understood the challenges PoW networks impose, and in 2015 he began developing Cardano and its primary cryptocurrency, ADA, finally launching the platform and ADA token in 2017.
Cardano is a blockchain platform, with a multi-asset ledger and verifiable smart contracts allowing the development of decentralised applications (DApp) and runs on the PoS Ouroboros consensus protocol, the first PoS protocol, proven to be secure, and informed by scholarly academic research.
Ripple
Ripple (XRP), released in 2012 by Ripple Labs, Inc, is built upon a distributed open-source protocol and has XRP as the ledger's native cryptocurrency, powered by blockchain.
Ripple aims for banks and payment providers, as it enables secure, instant, and almost free global financial transactions with no chargebacks. Transactions are confirmed in less than 5 seconds, cost $0.0002 and can handle 1500 transactions per second!
Unlike most other cryptocurrencies that use PoW and/or PoS, the XRP blockchain employs a Unique Node List, in which a centralised trusted group makes decisions based on the Majority Rule. Ripple supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
Stellar
Stellar (XLM) or Stellar Lumens - where Stellar is the blockchain network and Lumens is the native tokens - is an open source, decentralised protocol for exchanging money or tokens using the Stellar Consensus Protocol.
Since its launch in 2014, Stellar’s goal has been to bridge the gap between fiat and crypto currencies by introducing tokenisation.
Similar to Ripple, Stellar enables users to send money and assets in ways that have traditionally been the domain of payment providers. Stellar provides, fast, low-cost transfers, allowing cross-border (trades between users) transactions with less friction using its cryptocurrency, lumens (XLM).
Chainlink
Chainlink (LINK) is a decentralised, blockchain-based oracle network built on Ethereum, that provides data from off-chain sources to on-chain sources and vice versa. Simply put, Chainlink allows smart contracts to access real world information that exists outside of the blockchain securely and reliable.
Launched in 2017, the Chainlink network marries the blockchain industry with the traditional economical structures to build more efficient, secure, and transparent processes, replacing middlemen with code!
EOS
EOS.IO (EOS) is a blockchain-based, decentralised platform used to develop, host, and run business applications, or dApps, as its core functionality enables the creation of blockchain-based applications in a similar way to web-based applications.
A crypto coin offering in 2018 raised $4.1 billion for Block.one, the company that developed an open-source operating system for blockchain technology called EOS.IO. EOS tokens are used as a payment system on the EOS network.
A direct competitor of Ethereum, EOS promises to be bigger, better, and faster!
Solana
Solana (SOL) is a decentralised blockchain built to enable scalable and user-friendly apps. It was officially launched in 2020 by the Solana Foundation, based in Switzerland. The Solana protocol introduced a unique combination of the innovative proof-of-history (PoH) consensus combined with the proof-of-stake (PoS) consensus.
Many of the people behind the Solana project, including one of the co-founders, have experience in building cell phone networks, which makes them particularly keen on keeping their focus on scalability and efficiency. The project aims at making Decentralised Finance accessible to all.
![How-to Trade Cryptocurrencies How-to Trade Cryptocurrencies](https://d1fyjtrsl71uh.cloudfront.net/images/instruments/cryptocurrencies-how-to-side-v1.png)
HOW-TO
Trade Cryptocurrencies
The price of cryptocurrencies is greatly determined by their adoption rate. Given the decentralised nature of the market, they tend to remain unaffected by economic and political factors that usually influence traditional currencies.
By trading CFDs on Cryptocurrencies, a trader speculates on their price movement without taking ownership of the underlying asset.
Cryptocurrencies are an extremely volatile asset class due to massive amounts of short-term speculative interest, therefore, defining and controlling risk is essential.
Learn to Trade Cryptocurrencies
Cryptocurrencies
Trading Hours
Trade popular CFDs on Cryptocurrencies 24/7 on our world-class MT5 platform!
*Note: Trading hours are subject to change without prior notice. Liquidity Providers may adjust trading schedule as necessary, depending on market conditions. Weekend trading is limited.
Become a Trader
Its a quick process, you could set-up & start trading immediately with these 3 simple steps.
Register
Click on Create account. We have added some questions in the online form to gather your trading experience.
UPLOAD DOCUMENTS
Submit your Proof of Identity and Proof of Address to complete registration.We will verify your identity online immediatly, to make the account opening process quick
Make Deposit and start Trading
Just deposit minimum required amount in your trading account & start trading with Fx Pine
Frequently Asked Questions
What Cryptocurrencies does Fx Pine offer?
Tickmill offers CFDs on Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Cardano (ADA), Ripple (XRP), Stellar (XLM), Chainlink (LINK), Solana(SOL) and EOS.IO (EOS).
How can I trade Cryptocurrencies with Fx Pine?
Tickmill offers access to CFDs on cryptocurrencies through several Crypto FX pairs that can be traded on its award-winning MT5 trading platform.
When are CFDs on Cryptocurrencies available to trade?
Cryptocurrency trading is available from Monday 00:00 to Sunday 24:00 (MT4/MT5 Server time) with limited availability during the weekends. Please check the specific trading hours applicable for each instrument in the contract specifications available on the MT5 platform.
How risky is Crypto trading?
Cryptocurrencies are exposed to high intra-day price volatility, which may be substantially higher compared to other financial instruments. Therefore, spreads may be significantly higher than in other instruments. For more information, please refer to our Key Information Document.