Why to trade Cryptocurrencies and not just buy them

Bitcoin trading has come into its own in recent years. As the world’s preeminent digital currency, Bitcoin or BTC is internationally accepted by merchants, traders and customers alike. As a cryptocurrency, Bitcoin is in a unique class. The actions of central banks or governments do not determine the demand or supply of BTC; it is governed by a complex algorithm that caps its production at 21 million coins.

BTC can be traded alongside fiat currencies (traditional currencies) online, and it is rapidly gaining in popularity in the virtual trading arena. Traders across Europe, the United Kingdom, and elsewhere are showing increasing interest in Bitcoin trading for many different reasons. It is especially popular with CFD trading (contracts for difference), and a wide range of reputable trading platforms and brokers now offer BTC as one of their assets. It fits into the currency category, alongside other Forex pairs such as the USD/CAD, GBP/EUR, USD/JPY, USD/ZAR