Ethereum is proving to be one of the most forward-thinking technology developments of all time. It was created in 2015 and is currently the second-largest cryptocurrency platform in terms of market capitalisation, just behind Bitcoin. Ethereum is currently used by over 91 million users and is a blockchain which features smart contract functionality. The cryptocurrency generated by Ethereum is called Ether. It is generated by miners conducting computations and solving riddles in order to secure the blockchain. When you buy Ethereum through a wallet or platform, you are actually investing in the network itself, and placing money into the open-source platform with the belief that this blockchain has some of the greatest applications still to be launched.
When you trade ETH with Prime-Market you can find advantages that you wouldn’t necessarily find when working with an exchange. These include:
With most investment types like stocks you would BUY low and Sell high for a profit. With short selling you are shorting the asset, which means SELL high and BUY low. This allows a trader to trade in bearish markets (falling) too. In other words, short selling is driven by the belief that a price index will decline, allowing it to be bought back at the lower price to profit.
Rather than buying the ETH itself, you are speculating on its price movement. This means that you do not need such a large sum to gain exposure to the asset. In fact, with Prime-Market you can trade ETH and other cryptocurrencies with just $1000 to start.
Most exchanges are not regulated, which means no protection for you as a user. Prime-Market gives you the knowledge that you are working with a transparent, secure brokerage firm when you trade Cryptos and other CFDs.
This is a major advantage commonly used by professional traders. It allows you to open a much larger position than your capital would dictate. Leverage can magnify your potential profits, and at the same time, can magnify your losses.
With 7 regulatory authorities and segregated accounts, your money is protected at all times.
Trade on the wide variety of individual cryptos or the top crypto index available on our trading platform
Prime-Market is one of the few brokers to offer around-the-clock service and support in 15 languages.
You can preset profit and loss levels by using stop loss or take profit limits when you trade. Determine the maximum amount you are prepared to risk when speculating on the price or set a price at which you want to take profits. Future orders like Buy Stops and Buy Limits are also available.
Unlike many exchanges out there, who are restricting their clients to trade only Crypto to Crypto, our clients can trade Cryptos against Fiat currencies (USD, EUR, JPY etc.), as well.
