Cryptocurrency
Cryptocurrency
Cryptocurrency are digital currencies that are prone to huge price movements in value. Take advantage of this volatility by trading Cryptocurrency with MSMAX 1 – without the need for a digital wallet or trading on a cryptocurrency exchange.
Why trade Cryptocurrency with MSMAX?
Weekend trading available on Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Polkadot and more.
Trade Cryptocurrency without the need for a digital wallet.
Go long or short on Bitcoin price movements with leverage of up to 5:1 on all of our trading platforms.
Get 99.88 % fill rate *, fast execution and no dealing desk intervention.
Award-winning customer support, available 24hours 5 days per week, and 18hours a day on weekends.**
Risks
Cryptocurrencies such as Bitcoin are much more volatile than traditional currencies and carry significant risks. Please also note that you won't own or have any rights in the underlying currency when you trade with MSMAX. The cryptocurrency market is volatile so sharp and sudden moves in price could see you lose significant amounts of money very quickly.
The underlying crypto markets are open over the weekend2. We don’t offer a separate ‘weekend symbol', so when you open a position, you’ll be doing so with the same symbol you trade with during the week.
Stop losses, take profits and pending orders to open on all cryptocurrency positions (excluding Dash) can be triggered during our weekend trading times.
Please note that weekend positions with attached stops/limits will not be netted off against existing weekday contracts. In this instance the weekend position will roll into a new weekday position, with the same stops/limits attached. Similarly, weekend positions will not net off against existing weekday contracts if the weekday contracts have stops/limits attached. In this instance, weekend positions will be rolled into new weekday contracts.
Frequently asked questions
Bitcoin is a digital currency that was created in 2009. Its creators are unknown, as they disguised themselves using the alias of Satoshi Nakamoto. When Bitcoins are bought or sold, every transaction is recorded on a public ledger called the blockchain.
Ethereum is the second-largest cryptocurrency offered as a CFD to MSMAX clients, with a market capitalization fast approaching $200b and is getting huge attention from crypto traders. The mechanics behind Ethereum are fascinating, but as an open-source blockchain, Ethereum has the major point of difference from its larger peer Bitcoin; flexibility. Unlike Bitcoin, Ethereum allows external access to its blockchain, allowing programmers to create smart contracts or DeFi dapps, which are all the rage in the crypto scene at present.
The performance of Ethereum has been staggering, with price having gone exponential since building a base in November, where we have seen Ethereum explode 180%. While the moves have been dwarfed by that of various somewhat comical altcoins, as a more mainstream cryptocurrency Ethereum is getting the lion’s share of the attention and flow.
With price moving almost parabolically, there is also no doubt a wall of FOMO capital chasing ever higher levels, as there is nothing more emotive than any market at an all-time high. It seems that in the crypto space, Ethereum is making all the moves and where traders with the risk tolerance should be focused on.
It seems that could be the case with Greyscale Investment Trust, the creators of the Bitcoin Trust, one of the predominant vehicles for institutional players to gain access to Bitcoin, putting out a bullish report on the merits of valuing Ethereum as a form of money, as well as the ability for those involved to generate cash and yield. The market is also anticipating the roll out of Ethereum futures traded on the CME, and again, this just solidifies the adoption story and improved price discovery for those outside of the retail scene.
There are many ways Bitcoin can be bought. Physical Bitcoins (whole or partial) are often bought and sold on an exchange with multiple currencies. When a Bitcoin has been bought, it’s then stored on a digital wallet. Buying Bitcoins can be considered risky, as it’s a deregulated product and susceptible to hacking. Bitcoins on the blockchain can be stolen and/or your digital wallet is susceptible to hacking (especially when stored on the cloud and it’s not secured).
You don't require a digital wallet to trade Bitcoin or Ethereum with MSMAX. When trading Bitcoin or Ethereum with MSMAX, you're not purchasing any portion of the physical coin itself. Rather, you’re trading on Bitcoin or Ethereum price movements. These financial instruments are derivative products, whereby you don't own the underlying asset and you’re trading on their individual price.
Trading Bitcoin and Ethereum are high risk products and your losses can exceed your initial investment. When you trade with MSMAX, you won't own or have any rights in the underlying asset.
Cryptocurrencies, such as Bitcoin and Ethereum, are much more volatile than traditional currencies and carry significant risks. The cryptocurrency market is volatile, so sharp and sudden moves in price could see you lose significant amounts of money very quickly.
No, you don't need a digital wallet to trade Bitcoin or Ethereum with MSMAX.
Yes, you can try our free demo account.
