What is Cryptocurrency Trading with ADSS?

When most people think of cryptocurrencies, they think of bitcoin. However, although this was the original and is the most well-known of the cryptocurrencies, there are now a number of competitor currencies that can also be bought and traded.  

Trade Cryptocurrencies via a CFD with ADSS

With ADSS, you can trade cryptocurrencies via a CFD, where you don’t physically own the underlying cryptocurrency. This is because when you open a CFD position, you trade on whether the price of the cryptocurrency will rise or fall in value in relation to the US dollar. As with any CFD, if you are correct, you will profit; if you are not, you will make a loss.

Trading via a CFD has several advantages to traditional ownership. For example, cryptocurrencies are traded via exchange, requiring a “virtual wallet” to store them. These can be slow to acquire, restrictive to use and expensive to maintain. However, CFD trading eliminates these complications and expenses, as you get exposure to price movements without buying the underlying product. 

ADSS offers cryptocurrency CFDs on: 

  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Bitcoin Cash

Simply log into your ADSS trading platform to access our cryptocurrencies, all of which will be quoted against the US dollar (USD). 

Cryptocurrencies, including, without limitation, Bitcoin and Ethereum, are subject to a very high degree of uncertainty and price volatility. Investors in cryptocurrency CFDs are exposed to a number of additional risks not present in more traditional investments. These risks are set out in our Cryptocurrency CFDs – Additional Risk Warnings & Conditions, you should note that this is not an exhaustive list.