![]() This makes it very accessible to trade large amounts of the underlying asset without having to put in a lot of capital upfront. This product calculates the price difference between the trade entry and the exit. It is not required to own the underlying assets. CFD BrokerĪ CFD is an abbreviation of “contract for difference” and offers traders an opportunity to profit from price movements, either up or down. Once it’s received by the platform, a payout to your bank account can be initiated. You can lock in the selling price, which in this case is lower than the spot market price, and you’ll have a limited time to deposit the agreed amount. Ī connected bank account is often required for your platform account if you want to sell your crypto. This could take quite a while in the case of Bitcoin. You can also send the crypto to the wallet address of your preference immediately, but the transfer speed also depends on the blockchain. The price you pay is always above the spot market price because of the handling costs and the profit margin. Most websites offer different payment methods to fund your account in order to purchase coins. The price you have to pay or the money you’ll receive when selling can be easily seen in the order process. ![]() ![]() To be able to purchase crypto or sell it, you will first have to register, and often also go through the KYC (Know your customer) procedure. Most websites offer bitcoin and the most popular altcoins. Buy/Sell PlatformĪ Buy/Sell platform is a type of exchange where you can quickly convert fiat money (cash) to crypto and the other way around. If needed, the order is split among these exchanges to achieve the best price for the trade. Instead, it will look for the best prices across their connected decentralized or centralized exchanges. An aggregation platform will allow you to buy and sell cryptocurrencies, but it does not have its own order book. ![]()
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