I agree at about 200B USD market cap, BTC is not too big but not too tiny either, offering VERY interesting fluctuations and dynamics for trading.
Now regarding trading crypto as CFD and getting big spreads, low leverages, huge swap rates, horrible conversion rates from BTC back to USD and other disadvantages of traditional FX brokers:
I used to expect my excellent FX broker to offer me good trading conditions and account environment to trade crypto, but was gettting the bad conditions mentioned above. It is not the broker's fault, it's just it's not their line of business. My solution was to switch to specialized crypto exchanges. I have accounts in two of these, one is a very well known and does not offer FIAT money conversion. The other one is UK-regulated, does not have huge liquidity in the order books, but I can use for SWIFT and SEPA transfer to my bank accounts.
Additional interesting note is that my FX broker converts USD to USDT, costing about 1% which is reasonable enough (while BTC USD conversion is about 5%!). Again, FX brokers are meant for FX. The same goes for crypto exchanges.
I hope this help. Once I accepted this, everything became cost-efficient on all sides.
This is a very important aspect in trading, which should be studied in detail, because your financial well-being depends on it. That is why you must also adapt it to your strategy, so that you understand exactly when and under what circumstances you can use this or that amount.
I think these assets deserve the most attention today, so it is quite profitable to find a company that specializes in this. But you should definitely figure out how you're going to use it in the market, because there are a lot of features here, too.
Instead of trading cryptos I'd recommend buying them and sending them onto a safe wallet. But yeah, nearly all forex/CFD brokers are offering the trading with cryptocurrencies, just use your preferred forex/CFD broker.
A lot of people these days show interest in investing in cryptocurrencies, but understanding the level of market complexity is possess is way too difficult. Make sure you always look for the experienced and trusted brokers in order to take a safe step into cryptocurrency trading, ensuring that you stay safe from any scam.
maria_taylor posted: Would you like to recommend any reliable Crypto Forex broker?
Regulated with top tier regulator like ASIC, FCA etc is best to choose reliable broker. If anything goes wrong you can complain through regulator. regulator will take action regarding this kind of mater.
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