2017 proved to be the year of cryptocurrencies, with many reaching unprecedented popularity and smashing record after record. The domain that used to be ruled by Bitcoin alone has all of a sudden brought forth new names such as Ethereum, Litecoin, Dash and many others. Since there are over 850 cryptocurrencies available, choosing which ones to trade, and where to do so, could be a bit overwhelming. Moreover, the process of buying and selling cryptocurrencies could be daunting, and many traders could get discouraged before making their first trade.
Luckily, here at eToro, we have some great options for trading cryptocurrencies, all the while making sure our clients have a safe, regulated platform to trade on. As opposed to some cryptocurrency exchanges, signing up for eToro is simple, and trading can be achieved with just a few mouse clicks or taps on your smart device’s screen. Here are three reasons eToro is a great option for cryptocurrency traders:
Last year, we introduced an innovative product called CopyFunds, which bundles together various traders, or assets following a predetermined strategy, into a single tradable asset. Each CopyFund is composed by the eToro Investment Committee and is rebalanced periodically. Here are two options for cryptocurrency-based CopyFunds:
One of eToro’s most popular features is CopyTrading, which enables almost any client to copy other traders or be copied by them. Successful traders who show consistent returns while maintaining a low-risk score can become Popular Investors, and get rewarded for sharing their wisdom. If you want exposure to the cryptocurrency market with less of a “hands on” approach, consider taking a look at one of these Popular Investors:
All trading involves risk. Only risk capital you are prepared to lose. This post is not investment advice. Past performance is not an indicator of future results.
This article was first posted on Etoro.com/blog, a Premium Trading Partner.
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Last modified (UTC): July 25, 2017 17:17