Trade top cryptocurrencies with PFD Markets. Benefit from 24/7 access, tight spreads, and flexible leverage. Whether going long or short, take advantage of market opportunities in real-time.
Crypto” refers to cryptocurrencies—digital or virtual currencies that use cryptography for security. Cryptocurrencies operate on decentralized networks, often based on blockchain technology, allowing for peer-to-peer transactions without intermediaries like banks. Popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
Cryptocurrency trading involves buying, selling, or exchanging digital assets (like Bitcoin, Ethereum, etc.) on specialized platforms to profit from price fluctuations. Here’s a step-by-step breakdown:
1. Choosing a Platform
Traders use crypto exchanges (PFD) or decentralized platforms to trade. Exchanges act as intermediaries, while decentralized platforms (PFD) allow peer-to-peer trades via smart contracts.
2. Account Setup & Funding
Create an account on an exchange (ID verification may be required).
Deposit funds (fiat money like USD or other cryptocurrencies).
3. Placing Orders
Market Order: Buy/sell instantly at the current market price.
Limit Order: Set a target price to execute the trade automatically when reached.
Stop-Loss Order: Automatically sells if the price drops to a specified level to limit losses.
